Bill Armour joins Wesley Todd and Antonio to analyze gold's all-time high, attributing the surge to $35 trillion in national debt and geopolitical instability. He contrasts gold's reliability with Bitcoin's quantum vulnerabilities and warns against CBDC surveillance, predicting gold could reach $4,000 by year-end. The hosts compare current AI valuations to the dot-com bubble, noting the "Magnificent Seven" control 40% of the S&P 500, urging diversification into physical gold as a hedge against potential economic collapse and fiat currency failure. [Automatically generated summary]
Transcriber: CohereLabs/cohere-transcribe-03-2026, WAV2VEC2_ASR_BASE_960H, sat-12l-sm, script v26.04.01, and large-v3-turbo
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Gold Surges and Historical Precedents00:12:11
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Okay, gold is officially at an all time high.
So, naturally, we expect that everything is going to crash in the market at any moment.
That's tongue in cheek.
We don't know exactly what's going to happen, but we are going to be making some predictions today.
There is a little bit of a historical precedent, as the old saying goes history doesn't always repeat itself, but it does rhyme.
And so, there are some historical precedents for what happens when gold surges, and we are experiencing a surge right now.
So, to have this conversation, We are going to be joined by a gold expert, Bill Armour.
So he's going to be joining us for the show today.
We're going to be talking about predictions with the economy in a macro sense, what's going on with gold, and then getting even into some of the theological and scriptural proofs for why gold has been a commodity of value down through the centuries and how it differs from other forms of currency like fiat currency or even crypto.
We'll be talking a little bit about crypto today as well.
Tune in now.
All right, all right, all right.
We're back.
We are back.
Wesley Todd is out of town right now.
He's helping his parents move to the great Republic of Texas.
So that's great.
Praise God.
Yep.
So they're on the road, and he should be joining us on Friday for the live stream.
But for today, it's myself and Antonio.
And as I said in the Cold Open, we are joined by Bill Armour.
Bill, thanks for joining us on the show.
Pleasure.
Thanks for having me.
Absolutely.
All right.
So let's just start.
Right out the gate, gold is at an all time high.
It is surging.
What does that typically mean for the economy as a whole?
Yeah, great question.
So, the first thing we want to keep in mind is that oftentimes gold works like a teeter totter with the market, meaning that when gold is high, the market is generally falling.
Now, we've seen that not be the case a couple of times, the most recent of which would have been 2008, where gold was beginning its really strong ascent there, kind of like a rocket ship going up.
And the market was right in tandem there.
And obviously, we all know how that ended.
So, historically, the way to think about it is that gold operates like a financial bloodhound.
And so, it's sniffing out inefficiencies or issues with the broader market.
And if it is going up in the way that it is, it's generally telling us something.
And it's telling us that something is coming.
Now, one of them is lying.
Either the market is lying and the dollar is lying, or gold is lying.
Now, gold has never lied once, it's been immaculately honest.
And so it gives us pretty good indication that we are seeing something developing in the world of finance, maybe that otherwise we wouldn't have.
That's why people use a bloodhound, is to keep the scent here.
So as we see gold continuing to push these all time highs, we look around at everything else and say, hmm, how long can this really go on for?
And that's where we find ourselves today is a precipice because people often look at gold and they'll tell me, Bill, gold seems very high today.
And I would reply, Have you seen the market?
And at least with gold, there's pretty good reasons to think that it should be high.
With the market, we've got price to earnings ratios at all time highs, numbers that would astound you.
We're talking 40, 50, 60 to 1 price to earnings, numbers that we've only ever seen prior to the Great Depression.
So, again, we're seeing some of this everything bubble that maybe people have heard about, talked about.
Yeah, not great.
That is a little bit what it feels like.
Antonio, what do you think?
Yeah, I think it would be helpful, Bill, if you shared a little bit of your perspective on some of the different factors that influence the price of gold.
So, you know, you could think of Think about things like interest rates.
You could think about just general political, geopolitical instability and those sorts of things.
Because it feels to me or appears to me that there are all sorts of reasons that people would be flocking to gold.
And I think we're actually at a really unique time, economically speaking, where it isn't evident which of those reasons or which of those factors is the primary cause.
So I would love to hear more about that.
Yeah, and you bring up a really great point.
And that is that there are so many, it's almost like they don't rake the forest.
In California, and sure enough, eventually you have a forest fire, and that can be created in any sort of way.
And there's a lot of different issues similarly in gold that are driving it higher.
But the thing that really launches it into the stratosphere, who knows which domino will fall first?
So you touched on a couple great ones.
I want to start with really maybe the most prevalent, and that's the national debt.
Ever since we left the gold standard in 1971, we've begun this unbelievable, I mean, incalculable divergence away from reality by.
Printing money ad nauseum there.
So we now reach a point where we've got $35 trillion in national debt.
And I think people hear this number and they just water off a duck's back.
But that is an unbelievable number $35 trillion.
I mean, we were talking about hundreds of millions of dollars of debt, you know, 30, 50 years ago.
And now we're talking about 35 trillion, a thousand million, a thousand billion, and then 35 times that to get to where we are.
The interest on the national debt now ends up being the largest line item on our country's budget.
To give you people a scope of really how long it took to get to a trillion, we took 205 years from the time we started the dollar to reach a trillion dollars in national debt in this country's history.
We now do that every 100 days.
So, 205 years, now we do it every 100 days.
So, that cycle there, it's parabolic, right?
It's not going to go 35, 36, 37.
Eventually, it's 35, 45, 55, 100, and then we get to quadrillion.
So, at some point, there is a critical mass that this reaches where it does completely implode there.
So, the question is not if, it's when.
This is an unsustainable debt problem.
I like to call it a debt bomb because at some point that does explode.
So, that would be probably the first piece I would point out to people.
You touched on interest rates.
Obviously, that plays a part, but not in the way that people often think.
One thing that people may not realize is that as interest rates come down, that's actually good for gold.
Historically, we see gold do its best work when interest rates are low because people want to protect their money, but they're not getting as much for it in bonds and whatnot.
And bonds have been very flat as of late.
So as interest rates come down in the future, that's actually going to be a benefit for gold.
So we haven't even seen that price movement yet.
And then just to kind of moving right along, the other one you touched on was geopolitical instability, which is, I would say, the second one I would put right under.
Fiscal irresponsibility.
So, the geopolitical climate here, and a little bit of background about myself I did eight years in the army and military intelligence.
And so, I do have some of a background on this to speak to this.
Is that you look at other countries, and there is effectively financial warfare that is occurring.
That's why China, Russia have been stockpiling their central banks, stockpiling gold at all time levels.
So, that is very intentional.
And then, even just, you know, they would like to create things like bricks.
I mean, there's Operations in motion to dethrone the dollar for the first time since Bretton Woods, our dollar is at risk of not being the world reserve currency.
So, big ideas there, big things going on.
Which is the one that really causes gold to launch to that next level?
Anyone could say.
It could be any of these.
But that's the benefit of being in gold, instead of looking over your shoulder constantly and waiting to find which one has ruined your retirement or your savings, you can know that whatever happens, that that's positive for you.
It's a prudent thing to do to be in metals.
Yeah, that's helpful.
And so, is it a right way to think about gold as you think about the price change of gold, right?
It's actually not gold getting more expensive, so to speak, but it's actually the dollar weakening with respect to gold.
Is that the right way to think about it?
That's a great way to think about it.
So, in a statistic here, just kind of to make that point here, when again, when people talk about gold being so high, it seems overvalued, gold relative to the strength of the dollar is actually lower than it was in the 80s.
So that means that all this growth in gold, we're still under the natural progression of gold, meaning that you've got an even greater relative growth to be expected here.
Right now, people are, this is not an economy where people are dying to protect themselves.
This is a greed economy.
And as we know through all of history, when everyone else is being greedy, that's the time you want to be safe and conservative.
You know, whenever, you know, there's that old saying, but in this time here where, I mean, you can look at what I remember NFTs were a thing a couple of years ago, and all of a sudden people were paying millions of dollars for pictures on the internet.
I mean, I've never seen that before.
Cryptocurrencies is going ballistic.
And don't get me wrong, I mean, there's certainly some value to cryptocurrency.
But when you look at it and you say, man, this feels like a bubble, guess what?
You're right.
And absolutely no need to be chasing a bubble before it pops, the last sucker in before it pops, as they say.
Yeah.
Yeah.
And that's why I think it's like the most interesting, right?
With respect to gold, is like the extent to which you should view it as sort of a leading or a lagging indicator of what the market's going to do.
Because obviously, you know, we do tend to view that the stock market is hyper efficient or at least efficient.
And so when you see the price of gold go up or you see a weakening dollar, You like to try to take signals in terms of, okay, what should my general sentiment toward the economic outlook be?
So, whether it's, you know, I expect interest rates to fall and I see gold going up, and so I have higher confidence that that thing's going to occur, you can then start to, sort of practically speaking, as an individual, think about your finances in that way.
Yeah, absolutely.
Oh, go ahead.
Well, I was going to ask, what do you think about in this economic climate?
What do you think about banks?
Like Bank of America, Wells Fargo.
Is this like because you mentioned 2008, correct me if I'm wrong, wasn't a lot of the crash like 2006 and 7 and 8?
It was starting to recalibrate by that point or no?
Yeah.
So, really, what was happening was we were starting to see the cracks.
Obviously, you know, the mortgage backed securities crisis was really what caused that.
And so, as those, Guardrails had dissipated.
There is this fiend for more money.
People want to create more money, and so they'll cut corners to do that.
And so that's what was starting to occur into six and seven.
And there was a lot of, we saw the sign, at least we saw some of the signs.
I mean, people like Michael Burry obviously were more aware than others, but the numbers were there.
But I think throughout history, there is a reality that when the problem becomes too big, people will ignore it.
And I think that we're in a similar position now.
For instance, with the national debt.
When the problem becomes so great that it becomes unfixable, people would rather bury their head in the sand than acknowledge it because it could never happen here.
Well, it would never happen.
And I'm sure people in Venezuela said the same thing about their currency.
I'm sure people in Zimbabwe said the same thing about their currency.
I'm sure throughout Europe, as currencies have failed, they've all said the same thing.
Well, it couldn't happen here.
Well, it wouldn't happen here.
It absolutely does happen here.
Fiat Currency's Natural End Result00:14:43
Fiat as a whole has one natural end result.
And when I say fiat, just for those listening that may not understand what I mean by that, Fiat is money that is backed by nothing, or at least nothing tangible.
So, the good faith and trust of the United States government, as our money is.
The natural result of fiat, and this is, I think, a theological point, but the natural result of fiat, when it is based on man's greed and what man can do, will always be more greed, more, and eventually collapse.
It cannot last forever.
And I think that that is one of the fundamental biblical financial truths that I've come to in my studies is that when we put man in charge of this in that way, that is going to be the natural result.
And if you are playing in the sandbox, shall we say, with these people that make the rules, the bankers, et cetera, that make the rules in such a way that creates this kind of calamity, you really, in a way, only have yourself to blame because you know, I think every person knows that the game is rigged against them in this way and that people, you know, bankers and whatnot, will make out tremendously well and they will be left on the sideline, as did happen in 2008.
And so if you're in that system and you say, man, I'm realizing I'm having an epiphany, That this will not end well for me.
You're right.
And you don't have to be in that sandbox.
And that's where, you know, why I'm so passionate about metals and where we come in.
What do you think, real quick, what do you think about Bitcoin?
So, for myself, I like it in the sense that it's similar to gold, it has scarcity, right?
Bitcoin is finite.
You know, there's 21 million, there'll never be any more.
And I feel like a decent portion of that by this point has been lost.
You know, so if anything, it could decrease in terms of the amount, not its value, but the amount of Bitcoin.
Whereas gold, I mean, it's certainly scarce, it's certainly rare, but it's, you know, it's basically.
It's basically finite in reality and practice, but theoretically, Elon Musk could find some golden comet circulating around Mars and bring it home.
And gold is common as grass.
So that is possible.
But gold also, Bitcoin doesn't really have much utility.
Blockchain technology, there's some utility, but at this point, anybody can make some kind of cryptocurrency.
And so you can, Bitcoin is Bitcoin because it was the first, but there's lots of other people who can make, in terms of the utility of Bitcoin.
Um, and whereas gold actually is one, it's beautiful, there's an aesthetic that is desirable for people.
In addition to that, um, as a metal, it's actually unique, it's malleable, so it's able to be used in tech and different things like that, um, in a useful uh way.
And then, you know, and then also, um, you know, gold, yes, you could find a golden comment, maybe you know, in theory, you know, it probably won't happen, but in theory, it could happen.
Uh, but Bitcoin, um, is is secure as it may seem as technology increases.
Quantum computing, uh, is something that comes to mind, like it is feasible that.
Bitcoin could be hacked.
Whereas gold can be physically stolen.
There could be some great heist or something like that.
But gold can't be, it's not one hacker in the middle of the night could crack the code and then all of a sudden the gold is vaporized and gone.
So in that sense, gold seems valuable.
I think Bitcoin also has value.
But I was wondering if you could compare and contrast the two just a little bit.
But then also, I'd love to hear not that you don't have to speak from authority.
But just as a human being, what are your predictions for Bitcoin alongside gold?
Because I think Bitcoin is treated as basically a digital gold.
And so I think both are probably going to rise together.
That's my prediction, but I'd love to hear yours.
Yeah, absolutely.
So I think when we talk about gold and Bitcoin, one of the first things I like to point out is how have they performed?
I like a track record with any investment.
I always think a track record is very important.
And one thing that I will always Point out with Bitcoin, at least to this point, and this goes back to my earlier point here that some of the bubble talks here about everything is that every time we've been faced with a major financial upheaval, we've actually seen Bitcoin retract dramatically, which tends to tell me that the confidence there is maybe not in the same way that it is in gold.
In fact, and it's the opposite.
We saw the pandemic, COVID, all of that.
When that came through, of course, gold went up, was Very, very strong, the strongest asset around.
And of course, Bitcoin dropped dramatically initially, eventually, obviously, came back.
And what we see is that when things hit, the Bitcoin investors do get scared, which tells me something psychologically about the people that even own crypto.
And that's that they may not believe in it as much as they are excited by it.
Now, I'm not trying to say that Bitcoin doesn't have its purposes, I think it sure does.
But I look at this just again, track record.
And then the other piece that I look at any sort of investment with is my fundamental understanding of my faith and how that plays in.
To this.
And I look through, I read through Genesis to Revelation, and one thing that seems constant is gold, both in the beginning and in the end here.
And so I understand that they didn't have the context of the words to talk about Bitcoin in the Old and New Testament, but I also realized that I think there is a lot of truth in God's commandments to give us tangible.
And you're right, we could go out and find a meteor.
Sure, anything could happen.
But I think a more likely scenario, you're right, is something like quantum computing.
So I just look at it purely in terms of, Track record security and safety on metals, and then a little bit more skepticism.
I look with a bit more skepticism on something like cryptocurrency.
And I'm not saying that people can't own it, shouldn't own it, or anything like that.
That's their own decision.
I'm just saying that, you know, I'm a tried and true kind of guy.
Gold and silver have been tried and true from Genesis and will be tried and true until Revelation.
So I look at that, and that's, you know, getting a little more into the theological basis there.
So I don't want to touch too much.
No, we can.
I appreciate that.
That's honestly, that's really compelling for me because I think of there are certain points in the Old Testament where.
All of a sudden, you know, like the price of wheat drops immensely, you know, or, you know, different commodities.
You know, we think that we're so sophisticated and that, you know, everybody was a Neanderthal before us, which is not true at all.
But the reason why there would be big swings like that is like if Israel went out to battle and, you know, and God was with them and gave them victory and they plundered their enemies and all of a sudden they have all these resources.
So, you know, they had, you know, far more limited resources in Israel one day.
And therefore, the price was higher.
And then they conquer this entire tribe over here.
And this tribe was a wheat tribe that had a bunch of wheat.
And so now the cost of wheat is significantly cheaper.
And that swings in a day.
But there's no story that I'm aware of in scripture where that happens with gold.
Even if they conquered kings that had a bunch of gold, then it's just like, okay, now we just have twice as much gold and twice as much value.
It doesn't cut the value.
In half because gold is still viewed as valuable, regardless.
But the thing that you said that I thought was really compelling is thinking of the book of Revelation.
And I'm post millennial, so I think a decent portion of the book of Revelation has actually been fulfilled.
I'm a partial preterist, preterist meaning past or fulfilled.
And so, but there's inescapable text, even if you're looking at the last couple chapters of Revelation that every Orthodox Christian believes is still in.
Our future yet to be fulfilled.
And even in those final chapters, like the streets of heaven are paved with gold, right?
They're not paved with like ones and zeros and digital code, and they're not paved with whatever, with wheat.
And so it seems as though, in the mind of God, in God's economy, not only was gold valuable in the beginning, I like how you said Genesis to Revelation, not only was it valuable in the beginning, but it's still valuable in the present, and it would even be valuable in heaven, that it would have kind of an eternal.
Value, which is really unique.
Yeah, I was just going to say, like in that way, gold was made by God and Bitcoin and these digital store of values, they've been made by man.
They're man's abstraction in the same way that fiat currency is, frankly.
And I really like that, but even to the practical point, Bill, you'd made about, I think what you were saying is that Bitcoin and Ethereum, these kinds of things, they actually behave like equities.
Or historically, they've behaved like equities, moving up and down with the NASDAQ, moving up and down with Apple.
And so, even as a practical investment vehicle, it's like, I actually see gold as an asset that diversifies my portfolio.
In other words, I actually want it to move inversely with inflation and with the money supply, not in accordance with it.
And so, I thought that was helpful.
I did want to introduce this is really just selfishly.
I've had this thesis about Bitcoin specifically and its universality.
And I obviously think, biblically speaking, the civil magistrate has a responsibility.
To control its economy to some extent, not necessarily to a totalitarian extent, but in the sense of protecting its borders, protecting its citizenry.
And I think Bitcoin actually, there is a unique exposure to foreign influence in the economy when you use a currency like that.
I would love to hear your point about that.
And then I guess I'll just throw in this other concept of the centrally banked digital currency and sort of how that's different and what that, we see something like that in China, for example, emerging and how that's different.
Sure.
So, to the first piece there, you're right.
I mean, obviously, gold suffers from this blessing and a curse in some ways as well, in that it does maintain quite a bit of anonymity there.
And this is specifically talking about cryptocurrencies and gold.
So, not CBDCs, which I can get to in a second.
But there is an anonymity there, which presents, again, benefits, but also problems because who's to say a politician isn't being funded directly by another country or a rival country?
And we couldn't really stop that or Or find that much easier to do.
Not totally possible, but much more possible to do when we're talking about more common conventional means of funds.
So it does present somewhat of a problem.
But the other piece that you touched on, CBDCs, that I would say is much more scandalous in my mind.
And the reason being is it gives such a broad amount of control to the issuer of that.
Whereas I think every person wants some level.
Of anonymity with their finances, some level of privacy with their finances.
I don't think that's saying that much.
And people can debate where they want to draw that line, more or less, and that's fine.
But when we talk about complete and utter surveillance on your money, which is something like CBDCs, and for viewers that aren't familiar with central bank digital currencies, that would be a currency issued by a government similar to a cryptocurrency that would then be accessible and controllable by the issuing body.
So for the United States, the talk of that would be FedNow.
That would be the coin that they're speaking of.
What it gives is a tremendous level of control that I think should make every person uncomfortable.
I would absolutely say that that starts pushing the boundaries into, you know, how could this be weaponized against the public?
So it's not something I'm super comfortable with.
You know, I'm sure there's people who will disagree with me, but that's why we live in America.
Okay.
Super helpful.
I want to come back.
I want to talk about Bitcoin a little bit more and hear your predictions and give an excuse for me to give some of my predictions because it's just fascinating and fun.
And so, I want to talk about Bitcoin, talk about gold.
I want to talk about really specific for the audience.
You know, this is not financial advice.
This is just strictly entertainment.
We give theological counsel, but we are not qualified to give financial counsel.
But I do think that it's interesting to look to the future and even the near term.
So, I want to come back from this commercial break, but please stick around for the listener because we're going to give.
I'm going to do it.
If the other guys are too scared to do it, I'm going to do it.
Prediction for gold.
Prediction for Bitcoin.
I also want to ask why silver and gold are right now diverging?
To me, that's a little funny.
Usually, I would expect that silver would be right there with gold, respectively.
But it seems like gold is to the moon, baby, and silver is being left in the dust.
So we'll talk about that.
And then also talk practically for the audience at the end if they want to invest in gold.
What are some ways, practical ways to go about that that would be wise and a good value?
All right, so let's go to our first.
And I think today we only have one commercial break.
So we'll go to our commercial break and we will be right back.
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All right, we are back.
I saw a couple guys in the chat saying, rightresponsebiblegold.com.
Is that Pastor Joel's personal company?
And the answer is yes.
My son Franklin, he just turned three.
I've actually got him in the backyard with a shovel right now.
He is digging.
And that's a 24 7 kind of thing.
I've got, you know, even my girls are out there, you know, that's just slaving away.
And we have discovered gold in the Webbin property in the backyard, and we are shilling it on the internet.
No, that's not actually our company.
That is the domain name to be used.
For Genesis Gold is the name of the company.
And our guest today, Bill Armour, is a representative of Genesis Gold.
And so he'll tell you a little bit more at the end of the episode if you'd like to check out their company, their work.
And it's a Christian company.
Is that right, Bill?
Absolutely.
Yeah.
You know, hopefully I make a mark here that's representative of who we are as a company, but we are a Bible based, all Bible believing, born again Christians here.
And I think that that obviously, and we'll touch more on the end, I'm sure, but.
But that does that guides our entire approach to this, both how we talk about finance to how we treat clients.
Awesome.
Okay.
So, predictions here we go.
I'm just going to go right out the gate.
Bitcoin, 168,000.
That's my guess for this cycle.
Bitcoin and the cryptos tend to follow like this four year cycle that follows the halving every four years that happened.
Let's see.
That was in 2024, I believe, was the last halving in April, I believe it was.
And so, it's usually kind of follows this cycle.
Every four years, and then usually goes into a winter cycle for a couple of years in between.
So I'm thinking that by even the end of this year, I think that we could see $168,000 Bitcoin.
Right now, it's kind of pulled back some, but I don't think that it's done.
So I think that we'll see a couple of legs up on that journey.
And it does seem like gold is kind of following, I don't know if gold's following Bitcoin, but maybe Bitcoin following gold.
But it does seem as though both are viewed as physical and digital.
Gold as a hedge when people get scared.
And it's kind of funny because I agree with you, Bill, that it does look like a bubble right now in the market in terms of price to earning ratios.
You're right, they're out of this world.
I think of like you said, like 40, 50, 60.
I think Palantir is like 150 times PE ratio right now, just astronomical.
So there are some companies that are absolutely off the charts, PE ratios that we have literally never seen, even half.
Of what they are today.
So it does look that way.
And I think some people, it's like on the one hand, there's arguably a bubble, maybe it's not, maybe it is, but a bubble forming in the market.
On the other hand, though, like you think of like Warren Buffett cashed out a ton.
He's been in Apple forever, and Apple was late to the AI game.
Tim Cook seems more like a peacetime CEO than a wartime CEO.
He's not like Steve Jobs.
He's kind of, he's your quintessential boomer.
You know, God bless them.
But that's, you know, probably the best way to describe them.
So just kind of, you know, back in my day, you know, uphill both ways in the snow, you know, steady, steady she goes, you know.
And so, you know, a lot of other companies, you know, really invested.
Microsoft, you know, Microsoft, the last 18 months has been phenomenal and Apple has been left behind.
It has not seen all time, new all time highs in quite a while.
And so I see some of these companies growing, but, you know, but there actually might be some value there with artificial intelligence and some of the things that it could produce.
It could just be that we're sitting on, you know, a gold mine with, you know, with new innovation and technology and those kinds of things, or we could not.
But my point is, you know, Warren Buffett just as one example, but I think I saw Tom Lee recently come out, an economist for FundStrat, and he said that I think $7 trillion of institutional money, big smart money investors, is currently on the sidelines.
So there's actually, it's weird.
It's like we have all time highs, and yet at the same time, there's, in my analysis, it seems like there's also simultaneously a lot of hesitation.
It's not like everybody, you know, it's one thing when it's like you, and, you know, when it's Thanksgiving and your grandma, Is asking you how to purchase fart coin, like get out, abandon ship, you know, like the sky is about to fall, right?
When grandma starts asking you, you know, how to buy, you know, Pepe, you know, or whatever, then we're in big trouble.
But I see kind of like there is some of the fanaticism with the market and AI and these kinds of things.
And yet at the same time, there's like trillions of dollars on the sidelines right now.
And I think that's part of what's driving up, you know, the price of gold.
I think some of those guys are, you know, in bonds and in gold and, And things like that.
So, when I look at the investing world and I look at actual hedge funds and firms and smart money, a lot of them don't seem like they're acting crazy like 2006, 2007, 2008 before a crash.
A lot of them, I think, are actually in some ways, you look at the greed fear index, and we're not.
We believe it.
I mean, yes, I understand total depravity and man's heart being greedy kind of as a default setting.
But in terms of, you know, relatively speaking, we could be a lot more greedy right now.
We're actually, there's, you know, we're decently into the, you know, kind of in the middle, like a little bit of fear, a little bit of greed, even with retail investors.
You know, people are kind of, people are talking about, well, maybe this is a bubble.
I'll wait for it to come down.
Let's see what happens in September with Fed Powell, you know, and maybe we'll get interest cuts.
You know, he even, you know, came out dovish in the last Fed meeting in August, which, you know, because the market, you could see the few days leading into that.
Fed meeting, there was a pullback and some hesitation.
Is he going to come out hawkish and say the sky is falling?
But he actually used the kind of language that investors in the market were looking for in terms of he said, I think we now need to shift our focus, right?
He's been banging the drum of inflation, inflation, and inflation.
But he came out and actually said, now he's a little bit more worried about unemployment and some other things.
So he actually shifted his rhetoric to saying, I think maybe now.
You know, we've tamped down inflation some.
It's not great, but some.
It's not like it was in 2021, 2022.
And now the bigger fear is stagnation, you know, rather than inflation.
And so making money cheaper for corporations to use them.
And so my point is I see like Bitcoin, I don't think it's done.
I think it's going to continue to go to the moon.
I think 168,000.
I definitely don't think gold is done.
I think that's going to keep going.
And unlike Bitcoin, it's not necessarily this four cycle, you know, four year cycle thing.
But then, even the market, I personally could be wrong.
I tend to be more of a pessimist.
But right now, I actually think the market has some legs.
I could see an end of the year rally similar to 2020.
We spiked after COVID all the way to January.
And then we came down some.
And then 2021, that last final Q4, again, kind of spiked.
So I could see the market coming down towards the very end of the year, Q1 of 2026, and recalibrating.
Maybe a sell off, maybe a strong pullback or even a correction, maybe a crash.
But I don't see the market coming down next week, not significantly, especially now that I think the latest is 90%.
You can bet on everything.
You can bet on not just the market, but you can bet on interest rate cuts.
You can bet on sports, all these.
And right now, you look at polling and some of the betting sites.
And it's a 90% bet for rate cuts in September, is what right now people are pricing in.
And I think most people are expecting a 25 basis point rate cut.
And personally, again, not financial advice, I wouldn't be surprised if FedPAL right here at the end of his 10 year comes out and even gives us a surprise 50 point basis cut, which the market would rally and soar off of that.
And so would Bitcoin and so would gold.
So, I think, I don't know, it's weird, but it's like all three right now are going together.
And I think part of the reason all three are going together is because I personally, I think that, yeah, a lot of people are in the markets, but seven trillions on the sidelines.
And I think people are invested in gold because there actually is some fear and not just greed right now.
I think we have like a pretty even mix of fear and greed.
And so, I think we just have a ton of money.
I think we just have a ton of money right now.
And so, it's just everything is going off the charts because America, despite all of our problems and mass immigration, all these kinds of things, At the same time, part of the reason why we haven't had a crash this year, we had the scare after tariffs in April, but since then is because each quarter, these monolith companies keep putting up, they keep beating the earnings expectations.
They actually are producing, and I'm not even saying they're moral or anything like that, but they are putting up massive numbers, massive production, tons and tons of money continuing to pour in.
And so I do think it's different than like 2006, 2007, 2008, and some of the things that have led to a crash before.
But that's my prediction.
I think $168,000 for Bitcoin.
I wanted to see if you think Bitcoin will keep rising or if you think it's already hit the top.
And then also, what's your prediction?
Let's just say for end of year, end of year prediction for gold.
Yeah, absolutely.
So, I mean, I won't be as quite as eloquent as you.
And of course, there's people out there that know Bitcoin probably a lot better than I do or other cryptocurrencies.
But You know, not a prediction in the sense that, you know, anyone should take this as financial advice or anything like that.
But I would look, I would even be actually a little more generous to Bitcoin than you and probably say about 170,000 roughly.
I think that we do see, you know, this kind of, you know, tandem move here.
So I don't think that's tremendously uncommon.
You know, and then of course, maybe longer term, I would see a pullback.
To me, it's not so much about the short term of how Bitcoin behaves.
You know, it can rally, it can go up, go down, it goes left, right, sideways.
To me, I look at it as there is a point here of major retraction across all these economic vehicles, gold withstanding, which is maybe self serving.
Obviously, I recognize where I work, but that is my belief.
And so I would say that retraction, when that comes, the only question is how far are we falling off of the ledger?
How high have we climbed up the ladder?
So to me, if people are looking to squeeze the last bits of juice out, Then that's completely their prerogative.
People know their own finances better than I ever will.
But I do see it that way, in that whether it's 170,000, then maybe it runs again, maybe it's 250,000, whatever that number is, is to me, as someone who looks at this over really a long term, and oftentimes with clientels that want to hedge or they want to protect themselves from general market instability, I look at this as an if, not a when, or excuse me, a when, not an if.
So I see it as almost a non issue in that sense.
To me, if I were to think about it biblically, I was talking to someone the other day, and we were talking about, and this conversation came up between us how people look at, I talk about gold and silver as, hey, you want to get in before things really go sideways.
And oftentimes the response I can get, not from everyone, but some people, is, well, the market is doing so well, or this is doing so great.
And so I just want to hang on a little longer.
And I think we see that when we do any sort of ministry with people, oftentimes, is there's this sense of pullback with people of, well, I really don't want to, because Christ is going to convict me on these things.
I really don't want to change this because I'm having so much fun or I want to live this lifestyle.
And so I really would rather just engage with Christ and come to faith later in life or whatnot.
So I know that's maybe a bit of a stretch to compare those two, but functionally, I think they actually play out the same.
And that is that A lot of the people I talked to seem to have an understanding that there is going to be this major retraction at some point.
And the only question is when that will be.
And to my point, or my point to that would just be you're either early or you're late, and no one is ever on time.
And that was, you know, one thing you learn in the military as well is you're never on time, you're just late at that point.
So, best to be early.
So, I see that here as well is when you want, when you're talking about diversification, when you're talking about avoiding some of this calamitous disaster, it's being early.
So That would be kind of my, but still, I would stand by what I said there at about 170,000 for Bitcoin.
On the side of gold, I would say in the shorter term, so the next, I should backtrack.
With gold, just to clarify, we look at it in terms of the general, if nothing happens.
We talked earlier about sort of all of the kindling that exists, that we're waiting for a fire to start to really dramatically rise gold.
And so if any of these things happen and we go into World War III or we see bricks really gain steam, dramatic steam.
Things like that, where all of a sudden we're not talking about gold at 20% returns.
We're talking about gold at 3, 4, 500% returns.
And people may look at me and say, okay, but no, these would be massive, huge seismic shifts in our entire economic landscape.
And they're on the horizon.
So if those happen, then obviously all of this goes out the window.
But otherwise, I would say a pretty good estimation, as far as most experts would agree, is around $4,000 for the end of the year.
Roughly, give or take, about 3550 today.
So that still represents a pretty good return, about a 15%, excuse me, about 19%, 20% return there on gold there.
So still quite a return in the rest of the year.
And then over the next two to three years, I think 5,200 is a pretty good approximation.
Cool.
Great.
Antonio, your thoughts?
Yeah, well, I don't think I'll go as far to make a prediction, but I would say I have a generally bearish assessment of the market right now.
AI Momentum and Market Outlook00:13:50
I think about this AI momentum that we see happening.
Obviously, the stock market is trading heavily tech skewed, and I think that's partly because of retail investors.
They're just like, they're interested in the most cutting edge.
Sort of high growth, high yield assets.
And obviously, it happens to be tech, it happens to be Palantir and Tesla and Nvidia.
And so, those sort of represent a disproportionate amount of trading volume and those sorts of things in the market.
But I tend to see this time in the economy as sort of like, I guess I would call it stably uncertain.
So, going back to your point of like, you have all of this dry powder on the sidelines, and we're trying to wait and see what will happen with tariffs, what will happen with interest rates.
But also, people are seeing the market and they see, Particularly in tech stocks, high PE valuations, and they're not really sure if there's anything, any juice left to squeeze out of some of these sort of high momentum companies and stocks.
And so I think that's sort of where we're at.
We're just sort of in a waiting period, so to speak.
And then I think that the most important piece is this AI, what some would call a bubble, which is you're seeing a ton of investment into AI.
AI for my tractor, and if I'm John Deere, AI for my, you know, my, you know, Finance system, if I'm a bank, for example, right?
So everyone's investing in AI, and we haven't really seen the payout, if you will, or the yield from that investment.
And so people are really trying to figure out, like, is this a bubble?
Everyone's talking about AI, every startup saying, we're this company, AI, right?
They're trying to capitalize on the wave.
And I think in this way, where we're at is kind of analogous.
It's more similar to the dot com bubble.
Exactly.
Oh, you have a website?
Yeah.
And that's exactly what I was going to go to is say, okay, well, let's look at the dot com bubble and what we were seeing happen there.
And I said, I think we kind of feel the same trends as we're coming to the close or potentially the pop of that bubble.
And I'm not necessarily convinced that it is a bubble, but I do have a sort of a tummy rumble that it is.
And so I guess I wanted to go back to, like, if we were to assume that was true, Bill, I wanted to go back to you and say, well, what do you think happens to gold if we're in a bubble, if that happens sort of in the short term?
If the market crashes.
Exactly.
So we could look at the dot com bubble and say, hey, what was the movement of gold then?
Obviously, gold after the great financial crisis, same situation, we see it spike.
And then, of course, the pandemic as well, we see gold spike.
And so I'm curious if you see any upside, if you will, Bill, past that 4,000 mark that you'd set for the end of the year, and what you think that sort of bullcase upside looks like.
Yeah, yeah, great question.
And I want to touch just real briefly on what you said because I thought that was great.
Is people, maybe people know this, maybe people don't.
The top 10 companies in the SP make up 40% of all the market share.
And I always think that's interesting when you compare that with something like.
The Russell 2000 or something like that.
And you draw up the SP 500 versus the Russell 2000 over the last 10 plus years.
And you start to notice a change that I think should make people nervous.
And that is that there is this sucking coming from these top 10 companies, Magnificent Seven, wherever you want to draw the line at.
But they are continuing to grow and grow dramatically.
But we're not seeing other companies grow.
We're not finding these companies on the Russell, for instance, that are becoming darlings and growing.
So what that should tell us is.
I mean, how much bigger is something like Apple going to get?
Is Tesla going to get?
I mean, are they going to be overlords, you know, 10 companies that control the whole country?
I doubt it.
So at some point, I actually think.
Yeah, maybe.
That's exactly what I think is going to happen.
But go ahead.
Yep.
No, I mean, I'm just saying that at what point can they do?
We're putting so much on so few, I guess is what I should say.
So it's kind of like, you know, there's one team that everyone thinks is going to win the game, and they don't always win.
And so if all your chips, all the marbles, and we're all counting on 10 companies to carry the market.
Something goes wrong at one of those companies, and things go wrong at companies every day.
I mean, you look back 20 years ago, companies that people thought were going to be here forever are no longer here.
And we'll see that again.
I mean, who they are, no one really knows.
But to act like they're invincible and that if we don't have players in place to replace that, it's extremely dynamic.
You can see things change really overnight.
Yeah.
No, that's a good point.
It seems, at bare minimum, it seems like it would be wisdom.
To say that everybody's portfolio should contain at least some gold as a hedge.
So, to say, like, hey, you know what, I've done my analysis, I've looked at the fundamentals.
I'm not just looking at the charts and I'm not just playing the game, but I've looked at the fundamentals of these three companies or whatever it may be.
And I really believe in them.
I think there's a lot of upside, and I've looked at their plan, I've looked at their earnings, and I believe in them.
And so, I'm going to invest in this and I'm going to invest in that.
But to also contain within your portfolio, say, like, I'm also going to.
To put a certain amount in gold.
And so, I guess to pose it as a question, what do you think is a wise percentage when it comes to somebody's investments?
What do you think is a good kind of at least minimum that they should have in precious metals like gold?
Yeah, great question.
And I always, you know, because you understand the position that I'm in when people ask how much should I have in metals.
So, I try what I always aim to do, and this is my goal for the entire process, is kind of a company motto in a sense, too.
It is to provide a really good case and understanding across the board of medals, really everything that we can provide for the listener, for the people that talk to us, that seek our wisdom on this, and help them to be the captain of their own ship.
And what I mean by that is we're really just helping to explain the roadmap and whatnot.
And at the end of the day, I never want to tell someone, look, you should do this or you shouldn't do that.
That's really not my place because, as I mentioned before, I think that I'm never going to know someone's financial situation better than they will.
I don't pretend to.
Everyone's a little different there.
But what I can provide is a tremendous amount of information that can help them make really informed decisions.
So, with that said, I mean, there are some clients that want to shove as much as they can into metals, as close to every dollar as possible.
And there's some that want to do 10%.
And there is a chasm between those two numbers.
And depending on how you see the world and the way that information affects you and your understanding, I mean, I could tell you that gold is going to go to 10,000 tomorrow.
It doesn't mean you should listen to me.
So, with all of that said, it's hard for me to give a solid answer to that.
I would say, of course, do your own due diligence, your research on this, and ask questions, and I can help.
But I try not to give hard and fast numbers like that in that way.
But I do want to just touch back real quick because I realized I didn't quite get to answer the question of what happens if we do see some sort of crash or whatnot.
And the answer is that historically, what we see Is there a period when the crash first happens immediately?
Actually, people may not know this, gold drops a little bit.
And that's because there's a pullback of every asset where there's a moment of they're looking around to say, okay, is this real?
Is this fake?
What is happening here?
And then once it becomes validated that this is, in fact, going to be a recession, a crash, whatever that might be, then you start to see the inflows into metals.
And that initial purchase is because people are saying, we understand that this will be somewhat of a long term hold here.
And we want something that's going to produce for us, going to grow in the midst of economic turbulence.
Gold does great when there's instability, gold does great when there's uncertainty.
So, in that junction, gold does tremendously well.
And you tend to see those great price hikes.
And then Once that starts happening, you get the sort of the chasers a little bit down the road.
And those are the people that, you know, lost in the market.
They were late.
And then now they see this other thing going up and now they chase that as well.
So you always, that's why I always tell people you want to be preactive, not reactive.
If you're going to stay in the market, stay in the market.
You know, that's all right.
That's a choice you can make.
But if you're going to go to metals, do it now.
Don't do it.
Don't wait until you've lost dramatically to get into metals.
Do it now.
Or it's fine.
If it's not for you, don't do it.
You never hear me try to convince someone to do something that they don't feel comfortable with.
But I will say that whatever decision that people make, it's always important to have those conversations and make those decisions beforehand.
So, as far as price targets and whatnot, if we see some sort of a crash or anything of that nature, that's where you get the big numbers where you start to see gold, you know, seven, eight, nine, $10,000 in the immediate future.
And that's just, you know, going off of historic norms.
I mean, if a major conflict erupts, we typically see gold jump about 40%.
So, you're looking at $1,200, $1,500 in the course of a couple of weeks if you see a major geopolitical crisis erupt.
Yep.
Helpful answer.
Well, I'll say this for the audience's sake.
Since you're not going to steal man yourself, I'll do it for you.
I really appreciate you as a guest on the show because I feel like you've been, you've done your best not to be biased.
You've been fair.
And so not just, you know, shilling for gold as somebody who represents gold and not manipulating people.
So I appreciate that a lot.
I think I have a compromise that everybody can get behind, you know, a little bit of investing with gold, a little bit, you know, in the market.
I think if we invest, In Tesla robots using Chat GPT to locate and dig for gold on Mars, then we can all be happy, right?
We've got the precious metals, we've got some space exploration, we've got some AI, physical AI, and digital AI.
It's just, you know, all around.
So I'll go ahead and start working on a company that can achieve all that, and I'll let you know where you can invest.
In the meantime, though, again, I really mean it.
I think you've done a great job of being fair to the topic, of providing us some theological, biblical support.
We very much appreciate that.
Again, for those who are just tuning in now, because we're live.
Go back and watch the beginning of the episode.
I thought it was a compelling point talking about gold maintaining value in God's economy from Genesis all the way to Revelation.
That there's no point, even in our future, biblically speaking, where gold is not valuable any longer.
And so I think that's really compelling.
So you've done a great job.
We appreciate having you as a guest.
I want to end here just for anybody who may be interested, not trying to compel anybody or manipulate anyone, but for those who say, yeah, you know what, I want to kind of hedge my bets a little bit.
And invest some in precious metals in addition to some of their more aggressive investments.
Where should they go if they wanted to use Genesis Gold Group, being a Christian, Bible believing company?
That would be my preference.
Where would they go if they want to invest with you guys?
Yeah, absolutely.
And I'm sure you've got the URL there plugged up somewhere accessible for people.
But you can see the information.
Yeah, Nathan, let's pull that up on the screen just one more time so they can see the URL.
Okay, we don't have it ready, but it's on the pre recording and it's in the description.
Okay, so if you go to the description of this episode, it's Write Response Bible Gold, Write Response Bible Gold, all lowercase.com.
But it's in the description for the show notes.
Right, so they can go there.
They can also reach out 1 800 200 Gold directly to us.
You're welcome to ask for me.
You can ask directly to speak with Bill.
I'm more than happy to break this down.
And I do appreciate you telling me that I've been fair here.
I make a very concerted effort to not try and create straw man arguments or whatnot.
I try to, you know, I have a firm belief that whatever people will do, and this is going to sound corny, but it's my true, it's really what I believe.
And that's that God is going to be the best financial advisor out there.
And if people are praying on this and are really leaning on the Lord's wisdom, and they come to me and say, hey, Bill, this is what I'm thinking.
I'm going to support that, you know, all the way.
If they want to have facts, figures, information provided, I'm going to do that.
What you're not going to see is a used car salesman.
That's for myself and that's for anyone else at Genesis Gold.
That's not the way that we do business here.
We really do believe in educating people, putting them in a position where they can make.
A really great decision for their family.
And frankly, I mean, I do this because I really believe in it.
I got a degree in biblical studies.
I was in the military.
I worked at a church and came out of that to do finance on this side because I really started to see some of the uncertainty and unraveling in the financial system.
And this was an economic and theological decision I made to work at this company.
And I believe very strongly in it.
So if you'd like help with that, any of the, again, the number, the 1 800 200 gold, you can go to the URL that's provided in the description there.
Speak with a representative.
We're going to answer any questions you have.
We can assist with retirement accounts, that's 401ks, IRAs, 403b.
I mean, the whole gamut there is at least we can talk about and see if that is an option and is accessible.
And then, of course, you've got what are called non qualified funds.
So that's money you've got sitting in the bank, savings, checkings, et cetera.
And you say, you know what, I'd really like to have some gold or some silver.
And we didn't even talk about silver.
That's a whole other conversation, but I'd like to have some metals in some way or another.
And we'll strategize with you and help you find out a way that's going to be great for you to accomplish that.
So We're on your team here.
We're going to do the best for you guys and looking forward to chatting with anyone that reaches out.
Awesome.
Well, we appreciate Bill Armour and Genesis Gold.
Investing in Precious Metals Today00:00:52
Thank you for coming on the show and helping to educate myself and our listeners on this topic.
And the phone number, I didn't think about this, but for our sake, go ahead and forget the phone number and do not use it because we won't get credit for it.
Go to, again, do writeresponsebiblegold.com, writeresponsebiblegold.com or call the phone number.
That's fine.
But tell them that writeresponse sent you their yes.
Yeah.
If you call in, please tell us where you came from.
Yeah.
Well, thank you, Bill.
We appreciate it.
Thank you to the listener for tuning in.
And we will see you, Lord willing, on Friday.
If you're new to the show, we live stream three times a week.
It's Monday, Wednesday, Friday at 3 p.m. Central Time.