Casey Comerford on Gold is now $4000 per ounce
Casey Comerford
Gold is now $4000 per ounce
Claims and stances
Transcript
- 0:00 Yeah, James, definitely is um very interesting and should be interesting to watch, um, especially at the end of this year as well going into 2026.
- 0:09 Um and like you said, just a lot of it does come down to the you know, questioning around what the administration's doing right now, kind of the uncertainty around what these tariffs are gonna do.
- 0:19 You just see more change with us and uh the US and China.
- 0:23 So, you know, I think the stock market is just kind of unpredictable right now, uh, in terms of the long-term effects.
- 0:30 I don't want to say long term, it's not gonna be too far in the future, but you know what I mean.
- 0:33 Like, um, how in the long run will all of this really impact um trade, production in America, um, and that backs right off in the equities.
- 0:42 Um and you know, you mentioned how gold prices always um historically have gone up before um recessions.
- 0:51 And I think it is interesting just to take a look at the stock market in general.
- 0:56 Um, you know, not even looking at how the tariffs are impacting it, but just the equities that have dominated um, you know, NVIDIA, you see all these big tech companies, and I think there is a technology bubble that um, you know, at some point you feel like it must it it has to pop.
- 1:11 If you really look, a lot of these investments into these companies haven't actually returned anything from the company's development.
- 1:16 It's kind of just a race to see who can actually develop the next stage of AI, which is what everyone's investing in.
- 1:21 And I don't know, it'll be interesting to see if there is a bubble that does burst because um, you know, there's so much money coming into these companies and they're investing so much money into development and um I guess we'll have to see where it leads, I don't know.