Kitco News, Released on 10/12/24

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Dave Collum, Professor of Organic Chemistry at Cornell University and Zero Hedge Contributor, who says that markets are currently overvalued by 150%. Collum warns that dishonest macroeconomic metrics hide the coming “catastrophic” correction. He weighs in on the upcoming BRICS summit and the accelerating de-dollarization trend. Collum cautions that a “gruesome” decade could be ahead with the U.S. dollar at risk of collapse. He also shares his investment strategy for the short-term and for the next 40 years, including his gold price forecast.

00:00 Coming Up
01:12 Market Overvaluation and Economic Concerns
06:45 Critique of Inflation Measurement Methods
18:49 Federal Reserve and Interest Rate Policies
22:05 Market Valuation Metrics
28:31 Investment Strategies and Gold
30:20 Market Outlook
41:05 Global Monetary System and De-dollarization
45:48 BRICS Summit Expectations
49:50 Dollar Hegemony
51:59 U.S. Global Influence
53:56 Gold and Central Banks
00:11 Bitcoin
01:07:00 U.S. Elections
01:15:11 Weaponization of the Justice System

David B. Collum is an economic commentator, chemist, Betty R. Miller Professor of Chemistry and Chemical Biology at Cornell University. He holds a PhD, Columbia University, MS, Columbia University, MA, Columbia University and BS, Cornell University.

  dave collum, economy, gold, investing, market bubbles, market crash, stock bubble