Stijn Schmitz welcomes Don Durrett to the show. Don Durrett is Author, Investor, and Founder of Goldstockdata.com. In this comprehensive interview, Durrett provides deep insights into the current economic landscape and his perspective on gold and silver investments. Durrett argues that the global economic system is fundamentally unsustainable, characterized by what he calls “voodoo economics” and modern monetary theory’s approach of continuous money printing. He believes the United States is trapped in a “doom loop” of increasing debt and economic challenges, which creates a compelling case for precious metals investments.

Drawing from his two decades of investing experience, Durrett explains his investment philosophy using a pyramid approach. He recommends building a foundation with physical metals, then progressively adding ETFs, major mining companies, mid-tier producers, and finally high-risk exploration stocks. His current portfolio contains 165 stocks, with an expectation of generating a seven to ten-fold return. Durrett is particularly bullish on gold, projecting prices potentially reaching $7,000 and expecting the current bull market to continue through 2028. He anticipates a “fair trade” scenario where gold’s value crosses the S&P 500’s value, indicating a significant market transformation. His investment strategy focuses on finding stocks with exceptional leverage and potential, particularly those that could provide 20x returns at higher metal prices.

Regarding the current market, Durrett sees significant opportunities in precious metals miners, especially those with potential for substantial growth. He’s not overly concerned with current production costs, instead focusing on a company’s potential valuation at higher gold and silver prices. He believes many investors and Wall Street are underestimating the potential of gold and silver mining companies. Through his website Goldstockdata.com, Durrett aims to provide investors with comprehensive data and educational resources to help them make informed investment decisions in the precious metals sector.

Timestamps:
00:00:00 – Introduction
00:00:41 – Market Overview & Bull Case
00:03:29 – Economic History and Voodoo Economics
00:08:37 – MMT Origins and Doom Loop
00:11:32 – Current Correction Buy Opportunity
00:12:54 – Geopolitical War Impacts Analysis
00:25:45 – Fear Trade and Gold Targets
00:31:18 – Miners & Bull Markets
00:37:04 – Investment Approaches
00:41:44 – Pain Point and Diversification
00:48:35 – Royalty Companies Evaluation
00:51:23 – Goldstockdata.com Overview

Guest Links:
X: https://x.com/DonDurrett
Website: https://www.goldstockdata.com
Substack: https://dondurrett.substack.com
Amazon Books: https://www.amazon.com.mx/How-Invest-Gold-Silver-Complete/dp/1427650241
Blog Posts: https://seekingalpha.com/author/don-durrett#regular_articles
YouTube: https://www.youtube.com/user/Newager23

Don Durrett received an MBA from California State University Bakersfield in 1990. He has worked in IT-related positions for 20+ years. He has been a gold investor since 1991, with a focus on Junior Mining stocks since 2004. Realizing the value of investing in gold and silver and noticing the lack of available material for first-time investors, Don set out to provide information. First, he wrote a book, How to Invest in Gold & Silver: A Complete Guide with a Focus on Mining Stocks. He followed up the book with a website (www.goldstockdata.com) to provide data, tools, and analysis for gold and silver stock investors. His gold and silver mining stock newsletter is widely regarded as one of the best. He is a frequent guest on financial podcasts and a contributor to SeekingAlpha.com.

Your host, Stijn Schmitz welcomes back Dr. Mark Thornton to the show. Dr. Mark Thornton is Economist and Senior Fellow at the Mises Institute. This discussion centers on global economic disruptions, particularly in commodity markets and energy sectors, stemming from geopolitical tensions in the Middle East. Dr. Thornton highlights the significant impact of potential oil and gas supply disruptions, estimating that 15-20% of global supply might be affected.

Timestamps:
00:00:00 – Introduction
00:01:05 – Global Economy Uncertainty
00:04:10 – Middle East Disruption Impact
00:04:57 – Stock Market vs Oil Discrepancy
00:06:52 – Supply Chain Byproducts Effects
00:11:13 – Oil Cutoff Long-term Consequences
00:14:33 – Global Pain Points Analysis
00:22:38 – Reshoring vs Free Trade
00:31:26 – Natural Gas Opportunities North America
00:39:08 – Unleashing US Resource Potential
00:43:43 – Petrodollar System Cracks
00:50:25 – Gold Settlement Currency Role
00:56:03 – Gold & Fiat Currencies
01:02:42 – Concluding Thoughts

Guest Links:
Website: https://mises.org
X: https://x.com/DrMarkThornton
E-Mail: mailto:mthornton@mises.org
YouTube: https://www.youtube.com/results?search_query=mark+thornton+minor+issues
Book-Hayek: https://mises.org/library/book/hayek-21st-century-essays-political-economy

Dr. Mark Thornton is a Senior Fellow at the Mises Institute and formerly held the Peterson-Luddy Chair in Austrian Economics. He hosts the podcasts Minor Issues and Unanimity and is Book Review Editor of the Quarterly Journal of Austrian Economics. His books include The Economics of Prohibition, Tariffs, Blockades, and Inflation, The Bastiat Collection, and The Skyscraper Curse.

He has served on multiple editorial boards, taught economics at several universities, and worked as Assistant Superintendent of Banking and adviser to Alabama Governor Fob James. He holds degrees from St. Bonaventure University and Auburn University and has debated the “War on Drugs” at the Oxford Union.

Dr. Thornton has been featured in major outlets such as The Economist, Forbes, New York Times, Wall Street Journal, and USA Today, along with numerous international and regional newspapers. His commentary appears regularly on the Mises Institute’s platforms and on programs such as Boom-Bust, the Tom Woods Show, and the Scott Horton Show.

Stijn Schmitz welcomes backBob Moriarty back to the show. Bob is an author, the founder of 321 Gold, and a former marine fighter pilot. In this wide-ranging interview, Moriarty provides a critical geopolitical analysis of the current tensions in the Middle East, particularly focusing on the conflict involving Iran, Israel, and the United States. Moriarty argues that the conflict with Iran has been planned for 40 years and is fundamentally a voluntary war driven by Israel’s strategic interests. He emphasizes that Iran does not have a nuclear weapons program and that the current situation represents an extremely dangerous geopolitical moment. The disruption of the Strait of Hormuz has significant global implications, potentially affecting oil supplies, fertilizer distribution, and global trade.

The discussion extensively covers the economic ramifications of these geopolitical tensions. Moriarty predicts severe consequences, including potential food shortages, fuel scarcity, and disruptions in medical supply chains. He suggests that the world is transitioning from a debt-based economic system to a resource-based system, with countries like China and Russia strategically positioning themselves. A key theme of the conversation is the role of gold in the global financial system. Moriarty views physical gold and silver as insurance policies against financial chaos and believes the world will inevitably return to a gold standard out of necessity. He points out that the United States is already exporting non-monetary gold as a means of international settlement. Moriarty is highly critical of current leadership in the United States and Israel, arguing that there are no “adults in the room” capable of finding a rational solution to the ongoing conflicts. He warns that if the current situation continues unresolved, the world could face catastrophic economic and humanitarian consequences.

Timestamps:
00:00:00 – Introduction
00:00:55 – Geopolitical Chessboard Analysis
00:04:33 – Iran’s Fight for Survival
00:09:30 – Israel and Iran Vulnerabilities
00:14:30 – Petrodollar and Middle East Peace
00:18:46 – Companies with Benefits?
00:21:21 – Strait of Hormuz Blockade
00:23:20 – The Role of Gold
00:28:35 – Hyperinflation Scenario
00:33:35 – Hidden US Casualties Revealed
00:36:32 – Oil, Inflation, & Efficency
00:39:21 – Fertilizer and Supply Disruptions
00:44:05 – Curent Political Leadership
00:50:09 – Gold as Financial Insurance
00:53:35 – Fuel Bail-Outs
00:54:30 – 321 Gold & Books

Guest Links:
Website: http://www.321gold.com
Amazon: https://www.amazon.com/Robert-Moriarty/e/B01A9I4TJU?ref=sr_ntt_srch_lnk_3&qid=1599932580&sr=8-3

Bob Moriarty founded 321gold.com with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind, and nuclear energy. Both sites feature articles, editorial opinions, pricing figures, and updates on both sectors’ current events. Previously, Moriarty was a Marine F-4B and O-1 pilot, with more than 832 missions in Vietnam. He holds fourteen international aviation records.