Kitco News, Released on 7/11/24

Jeremy Szafron, Anchor at Kitco News, interviews Dr. Nomi Prins, founder of Prinsights Global at the Rick Rule Symposium in Boca Raton, Florida. They discuss Jerome Powell’s recent Senate hearing, the persistent inflation, and the commercial real estate crisis. Prins shares her insights on why the Fed has limited control over the economy and how central banks globally are acting more independently. They dive into the rising prices of gold and silver, driven by both retail and institutional demand, and the growing importance of rare earth metals in the energy transition. The interview also touches on the political landscape and its implications for commodities, offering valuable investment strategies in the current bear market.

0:00 – Introduction
1:30 – Jerome Powell’s Rate Cut Hopes
3:15 – Data Revisions and Economic Reality
4:45 – Real Inflation Impact on Consumers
6:00 – Commercial Real Estate Crisis
7:15 – Gold Market Forecast
9:00 – Central Banks’ Role and Influence
10:30 – Retail Investors in Gold
12:00 – Silver Market Insights
14:00 – Energy Transition and Rare Earth Metals
16:00 – Government Response to Supply Chains
18:00 – Politics and Rare Earth Metals
20:00 – Investment Advice in a Bear Market
22:00 – Nomi Prins’s Substack and Publications
23:30 – Conclusion

Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents’ Bankers: The Hidden Alliances that Drive American Power, Collusion: How Central Bankers Rigged the World and Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever.

  economy, Fed, gold, investing