Liberty and Finance, Released on 6/14/25 (Recorded on 6/13/25)

The labor market is cracking, says portfolio manager Michael Pento. While there is superficial optimism based on tariff deals, the foundations of the economy are cratering. And partly due to high energy costs, there is likely no relief coming for high prices. “The level of inflation has destroyed the middle class,” he argues. While central banks have been accumulating hard assets like gold, the movements in Bitcoin show that the common man is moving into precious metals. “People are dying for another alternative to the U.S. dollar,” he says. He is bullish on gold, platinum, and potentially silver as demand for hard assets outside the manipulated financial system increases.

0:00 Intro
1:40 Macro outlook
14:25 Gold, silver & platinum
25:08 Central banks buying gold
26:15 Market crash
29:10 Pento’s relocation
29:50 Pento Portfolio Strategies
31:50 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.

  economy, gold, inflation, investing, labor market, silver