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Later, Jerry dives into his commentary on Bitcoin. On the last podcast, Jerry interviewed Bitcoin expert, Trace Mayer, and we had a flood of calls and emails about what Jerry thinks about Bitcoin. Is it wise to own some Bitcoin? How much? Is Bitcoin taking the place of gold as a safe haven from the U.S. dollar? Listen to hear Jerry’s prediction about the future of Bitcoin. Will it fail or is it here to stay? Jerry provides his commentary and the answers to these questions and more about Bitcoin.
Precious Metals Advisor, Tom Cloud, joins us for an update on gold, silver, and palladium. Tom discusses the price of gold and silver, taper talk by the Fed, and China’s move to sell gold commercially. Below is a snippet from Tom’s segment.
Tom Cloud: “The markets, as you know, have been going down, and we’re hoping for a bottom some time this week or in the next two weeks as the shorts expire in two weeks on the 19th. There’s still danger, but so far gold has been able to hold above $1200 and silver above $19, even though on Wednesday it did go down to $19 briefly, and gold went down to $1206 briefly. Both of them have been able to bounce back as I record this, but we could continue to see weakness in the market for another couple of weeks. I don’t see a whole lot of downside risk, but I don’t see it ready to break out to the upside yet.” Listen for the full report.
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