Liberty and Finance, Released on 2/18/25

In this interview, Michael Pento offers a compelling theory about the U.S. gold reserves, suggesting that the official 261 million ounces of gold reported by the Treasury may not truly be there. He speculates that the U.S. government could be scrambling to buy gold to replace what has been loaned out or never existed, potentially in preparation for an audit. Despite various factors that might normally push gold prices down, such as strong interest rates and a rising dollar, gold continues to surge. Pento’s theory challenges the assumption that the gold market’s rise is solely due to inflation, hinting that something else may be driving the demand for gold. He emphasizes the importance of watching gold and other real assets as key indicators in navigating today’s uncertain economic landscape.

0:00 Intro
1:47 Market outlook
16:00 US gold
21:00 Pento Portfolio Strategies
30:18 Weekly specials

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.

  gold, investing