Gold's & Especially SILVER'S Run Just Beginning | Michael Pento

Michael Pento of Pento Portfolio Strategies discusses the implications of the Federal Reserve's recent interest rate cuts, asserting that these measures are insufficient to address the underlying economic issues, including asset bubbles in real estate and equities. He emphasizes that despite a nominal decline in inflation, many Americans continue to struggle with rising costs of living, as wages fail to keep pace with soaring prices. Pento argues that the Fed's actions may actually exacerbate these bubbles, potentially leading to severe economic consequences. He also explores the bullish outlook for gold and silver, suggesting that as confidence in the fiat system wanes, tangible assets become increasingly valuable. As the conversation wraps up, Pento provides insights into the likely economic landscape through the end of the year, hinting at ongoing challenges and a slowdown in growth.

INTERVIEW TIMELINE:
0:00 Intro
1:15 Fed rate cut
10:52 Gold update
12:53 Trifecta of bubbles
21:50 Economic outlook
26:18 Pento Portfolio Strategies
27:02 Weekly specials
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