[Music] I'm Charlotte McLoud with investing news.com and here today with me is eie Tucker editor of the Tucker letter thank you so much for joining me great to have you online as usual thanks for having me back of course and you know since we last spoke we're introd ucing you in a new way we're mentioning your editor of the Tucker letter so I want to start there you started this newsletter people can read it online let's talk about that and why you decided to start that newsletter
what you're offering there how it looks well it's my full-time Focus Charlotte I'm really excited people can find it at EB tucker.com and a lot of people know that I used to write newsletters for some of the largest newsletter companies in the world and uh one of the things that was really tough for me was that writing the newsletter uh was something that I enjoyed so much but the those companies really are 99% marketing companies which is okay but it turns into where you're doing all 99%
marketing and then it's really challenging to do what I love to do which is to write and and the reason I love to write is because I think people enjoy reading cheer writing and so uh EB tucker.com is a place where you can read every other Thursday I put out uh exactly what I'm thinking about things using stories and stuff but it's all it's me writing to you there's no uh staff there's no uh editor I I see I'm pretty much right with by the time I publish there's almost no mistakes but
uh There's No Agenda here and and there is a pay wall down lower so you you you you read the whole thing you had a pay wall but you can read a lot of stuff and for people that are younger or people that are just starting out you know you can really read a ton without having to pay and it's important to me because I was one of those people 20 years ago or more that was reading stuff and uh I didn't I didn't really have the the means to subscribe to all the things I wanted to subscribe to and so and so I
wanted people to feel like they can touch me there without having to having a wall between us it's very important to me now I mean it's really hard to figure out what's going on right now so a lot of times people say to me like what is happening uh what's going on with the economy all so the same old questions all the time and and I understand what's happening and and it's difficult because um what's the forum for me to I can't just I'd love to talk to you every two
weeks but I I can't do that of course and so and so the newsletter becomes a way that I can reach people and can say this is what's going on and we live in this bizarre time where what what happened I wrote this article about uh draining the pool and I think people understand that that a couple years ago we put a couple trillion dollars it was was this Grand Finale like a firework show of the the free money era okay so we we had this like 10 12 year era of free money 0% money any idea worked I
mean you could you could have it's really hard to fail when the cost of money is 0% and then we we had this huge tital wave at the end of it and we put trillions of dollars in the system what happened well Bitcoin hit you know 70,000 and uh Pake coin my personal favorite coin hit 7 billion market cap that's 7 billion dollar in digital tokens that we're going to change the way we consume pancakes and and it actually it's not a joke because there is a pancake coid still has 250 million
market cap which is bigger than most of the gold companies now and so um what what we're dealing with now is that people don't know that someone pulled the drain at the bottom of the pool so the average person is asking give me a stock tip and what I'm saying is like you don't want to swim when they're draining the pool and what you should do is go have lunch and then the pool is going to eventually go the other way and you won't be you know down at the bottom by the drain all fatigued you'll be
refreshed from lunch in a siesta and you'll be ready to swim again and so in the meantime we got to spend our time sorting out you know when do we think this switch is going to come and I I last week in in the most recent issue I explained that I think that there's a way we can watch this by watching interest rates it's really easy to do and I explain it so that anyone can understand but that's what the letter is all about it's like how does EB Tucker see the world EB tucker.com is
how you see that and it's only every other Thursday there's zero marketing there's zero bothering you um there's zero like you know nobody else is going to email you from from me because there's no other place so it's just me and it's really important that people know that that's the place to find me and um if you don't want to find me then you don't have to go to EB tucker.com okay thanks for going over that so that's the unfiltered EB that's what
you're working on right now that's the focus going to come back to some of the things that you mentioned going over the the newsletter but first I want to talk about current events going on right now and I think top of mind for a lot of people is the war that's going on in the Middle East this is a really big topic and I don't want to detract from the serious implications at a broad Global level but I did hope you could kind of look at it from an investor perspective for us because I do think we have people
who are sitting at home wondering what does this mean for their strategy How concerned should they be so I wondered if you could weigh in on that well what happened to the war in Ukraine I mean that's I've always you know saying the thing that's interesting about the war in Ukraine is that I've been to Ukraine Maybe six times it really bothers me when people call it the Ukraine you know because it's it's not actually the Ukraine just like it's not you know the friends but anyway the I would walk
around and I would see all these like signs about you know killing Putin or something and supporting and this guy that I'm friends with was telling me kept sending $20 a month for them to buy jablin Rockets it was crazy and I was ask asked people can you find it on a map well I don't need to find it on a map because I have the flag in my yard and I support whatever okay now it's all done there's zero news about Ukraine the whole thing is still happening zero news all Israeli conflict news okay both of
these things like you say are very serious the reason why they're serious is because there's a lot of Bloodshed and it's really it's it's terrible when when you have these conflicts because the the problem all the time is that the Bloodshed is is never experienced by the people that really are at the heart of the conflict there's always unintentional Bloodshed and that means people are dying that have no business dying you know it's it's it's a it's really it's awful when this is happening
and so we sit back here as investors and we say we have to be responsible for the things we can control right and it's like unfortunately we have to maneuver based on our life because I mean we we didn't choose this situation and we also we can't really do a lot to affect this situation in the short term but we have to look at this and we have to say Okay have this flare up it's not going to flare down quickly because there's a lot of dynamic parts of this situation going on I don't know if people know this but
the Chinese have reached a deal with Saudi where they have a confusion studies department and all the colleges they have multiple non-stop daily flights from Saudi to China they have uh constant dialogue and agreement so many different things and China is acting like the brook or peace now what does have do with Israel well Saudi was just about normalizing relations with different parts of the Middle East including including Israel also with Iran which they don't necessarily agree on everything is very very different
cultures and you see that that there was a call you know with Saudi and Iran leadership there there's a call with Saudi and China lead all this is tied together and then you have the US flaring up the situation taking one you have all the everyone's choosing sides everyone is tent everyone is ready to fight and they will be you know having fighting to one degree or another and you sit back as an equity investor all the way in North America and you say the only thing you got to focus on here
short equities generally long energy long precious metals and short term you can be long rates long-term interest rates are going up so you have a lot of moving Parts here and that's all separate from the fact that there's unnecessary Bloodshed by people that that don't don't deserve it it's very complicated and and then people sit around and they're like well is the stock parer going to go up no I mean it's crazy it's crazy you know so anyway so so so it gets back to this
original thing of like you're in this time where it's really hard for people to sit in a five % savings account they just can't do it they can't do it because they think you're going to miss out on something but what you're going to miss out on is unnecessary Bloodshed difficult Equity markets volatile at risk assets and you say to yourself you look back and you say I mean I remember about a year and a half ago I think I said on your show the thing to do was to buy treasury bills bills bills that
means you know less than a year you can buy 4 week 8 week 13 week six month uh in in the US and they pay like you can see over my shoulder I have them 5 and a half% on the on the 8we bills that's a lot okay do that and then go to a fish concert and everybody thought that sounded stupid but the reason why you go to a fish concert is because fish is the greatest improvisational rock band alive and you can still see them in their original form it's and it distracts your mind because not because you're taking
drugs which I don't take drugs but the the thing is you're watching a musical performance you're watching the art well why would you go watch the Arts when you have a financial problem because there's nothing to do there's nothing to do like you're not missing out on something right now it's a very difficult time to speculate and to bet and to gamble and to push on your bets if the last two years has been like this two years November if you notice Bill Gates musk all the big guys took a lot
of money off the table in Q4 of 2022 research this and you can see they'll took a a lot of money off the table Bitcoin was at a high NASDAQ was at a high spacks were at a high tokens were a high pancake coin was at a high everything and everybody was like what's next what's next and all the big guys took money off the table and they got really quiet they sat around and they're still sitting around and uh I think people need to understand that when the tide is going out get out of the water
just get out of the water because sure you might have some fun in the water it's possible but you also might cut your leg on a oyster Reef or something and so when the motor's going out you get out of there and you wait people just can't do it you'll notice this they can't do it they they got to have action they got to have action and it's it's the Gambler mentality which is okay when the Tide's coming in you want to be like that but the problem is you people have
a hard time saying Tide's going out you know it's is not a time to gamble that's we're getting into the serious part of that you know it's still happening so so we're in this waiting period right now where as you said people shouldn't necessarily be playing in the water right now there's a lot of instability going on right now and I wonder how so things that how we have going on a little bit closer to home we had the FED continuing to Grapple with inflation we have all this bond market instability we
seem to have been teetering on the edge of a recession for more than a year at this point and it seems like the FED is holding things together a lot longer Than People expected that it could so why is that how is that managed to happen no it's Financial Alchemy but you're right I think they've surprised themselves um so what happened is is that you you inflated this gigantic death Bubble at 0% and then all of a sudden overnight you go from zero to five and a half boom if you notice it
wasn't like this it was straight up and and and it was really radical when you think about it and the reason why they had to do this go up on an elevator and not the stairs is because going up in the elevator everybody says Ah this will never last but what's going to happen is we're already in recession business is already slowing down you can ask anybody all you got to do is ask around now for instance uh I had a really hard time I I I have a couple cars okay so I I wanted one car in February of 2022 I went to
the dealer they had the one it was the only car they had so happen to what I wanted I just bought it they charged me full price full sticker which never happens plus a fee get this a feat called a market adjustment I didn't care I paid it it's fine but now when I send the car to get worked on the the the salesman's like hey we got a lot of cars right now see what I mean so my the reason why I'm interested in that conversation is not because I want yet another car it's because um you notice
that things have slowed down a lot right so like if you want a pool built at your house or if you need a fence or something you can get these things done I mean you can like have the estimate and then you have somebody come over and do it within like a couple weeks okay whereas before it was like forget about it I mean it was like you worked for the car guy me they were they were like arrogant about this is the only car it's it's like super high demand I'm like yeah whatever but but that you got to
see these indicators so we're already in recession what happens next well business slows down Revenue slows down costs you're up the business says hey we borrowed this million dollars at 3% and we got to get another million dollars and the lender says going to be 8% and the business says we don't have we can't afford it well do you have a million dollars no so you got to pay 8% okay well we got to raise prices well we can't because business is slowing down see how this goes now all of a sudden
then the FED has to emergency take action and come to the the rescue again but the thing is it's not going to happen yet because the FED wants that to happen when the yield curve is straighten itself out and I know that's a complicated phrase for people but you have to understand it should cost more money to borrow you know six six months a year two years like if you have a 10-year mortgage and you have a 30-year mortgage it should be a lower interest rate for the 10-year mortgage because
it's less time right the 30-year mortgage should cost more because is a long time know anything could happen so so the problem is it's backwards in the US right now so it's like it cost the US government pays more to borrow for four weeks than it does for 10 years and that's backwards and so I think the FED hopes that that straightens itself out they're trying hard to straighten that out before they have to come with the rescue hose and spray us again with it's not going to be free money this time
just to be clear I don't think you're going back to 0% I think what's what they want is to straighten that curve out that that's what they want this is highly unusual to be upside down and everybody know all the professionals know it now the average people don't know it because they don't understand what it is and they're too busy for that they just need the stock pick so they can go back to playing Candy Crush on their phone and make some money while they sleep but and not do any thinking
but the reality is all the professionals realize like it's a huge red flag when you have this upside down yiel curve it's you know it's gotten a little better by the way so it's like but the problem is is once it straightens it normally means that you've entered like a heavy recession because it's been out of balance you go back so the I think the FED is standing by saying it's got to be soon and you know back to the original question which is like if you're the average person I mean if the
fed's saying it's got to be soon you know like what are you doing basically buying penny stocks I mean like you're crazy I mean it's that I mean I own some like in the newsletter for the for the paid subscribers we have a portfolio it's a it's a portfolio that I manage for SW trust I'm the trustee for the trust I could be fired from that job it's very complicated but I but I published stock portfolio that I bought for the trust and people are surprised a lot of times because they'll say like
why do you like this stock it's down 5% this year and I'm like look this is a great business I mean it makes money pays the dividend has manageable to low debt and they just don't make these businesses every day like there's not going to it's really hard to start this business it's a really solid and the people that run it are really solid and I want to own it and I want to own it because I'm I'm an owner you know I don't want to own it for a week and then sell it and be like this business makes
something that is necessary and we're going to own that and so people have been people have not liked that I mean we do have some stocks up like you know 25% this year and of course people forget about those but they're they're like it's too slow and eat action I'm just like look I mean even the best business right now you're going to be in a place where it's probably not going to be flying into the Stratosphere in a year like this because money's coming out there's a lot of money coming out of
the market I mean seriously there's Insider money coming out of the market there's there's companies that are going out of business that are coming out of the market no spa deals are getting I was just with a banker in New York it was telling me that all the spa deals they did are being unwi and refunded and they're desperate for deals and things are very slow and so for the average person they they say well I'm not some fancy Banker at this steak dinner like you okay yeah sure but you're trying to
buy those stocks I mean this affects you big time so like you know if the banker is not doing a deal why should you be doing a deal okay okay so the FED is managed to hold things together as you said perhaps longer than even they thought they could do but to be clear I think you wrote in the latest edition of your newsletter you see this all coming to A head into a major reality check before the spring of 2024 so that's coming up pretty soon and I'm wondering what a big reality check looks like in a world where these these
big things like the banking crisis earlier this year seem to fade from the headline so quickly yeah I think I think what's going to happen because you've had a lot of hardship loans from 401ks I was just reading about this today there's people have been borrowing this or Fork I think the perception is that real estate never goes down and stock like big tech companies never go down and the fact is is that they both can go down now I'm not talking about Crash I'm not talking about 2008 where everything folds I'm
not talking about Great Depression what I'm talking about is when people start getting a little bit frantic and they start saying you know what I'm down like on my big tech stocks and I want to take my money out okay and this happens on even a large level because you might not know some people might know this but if you have a huge amount of assets the last 10 years what was happening is you you get these people they manage your money at the big Banks like Private Client groups okay these people are
dangerous because this is like um a teenage babysitter trying to raise your child I don't mean watch the child for an hour I mean like raise the child okay and they just don't know what they're doing and they're hards setting it and so what they would do is they would say Charlotte you know you got a million dolls over here like you need to buy another house okay yeah great we wanted a house and ask so we'll do it okay well don't sell any stock because that means that we're not managing that money
anymore why don't we do this let's you have 100 million bucks let's give you a $10 million loan on your portfolio and will charge you like the fed's rate like 0% plus like a half a percent fee you're like wow that's almost free I mean I don't have to sell my Amazon stock and I can buy this house that I've been wanting right with my partner like oh it's our Dream okay great so now the stocks start going down right a little bit not a lot but like just a little bit
like well then what happened interest rats go up so they say Charlotte you got to you know it was half a percent but now it's like six so you're like whoa we borrowed 10 million 600 Grand a year you know what are we going to do stacks went down well you know yeah now you have this other problem see how this goes okay so the problem is a lot of these people that have serious moneyy they have no idea what they're doing and the reason why they don't is because like someone else made the money
and so they're meeting quarterly and they're saying like uh what what happened you know well interest rates well now we think they're going to come back down any day now but they're not so so what you do is you go through the end of the year I think we're going to have a lot of tax loss selling okay so I think like starting about mid November you're going to see the markets get really hit because people take tax loss so if you were down you know they you sell to capture the gain and then if you
were up you you might take some gains to go against that you clean up and everybody does this it's a terrible idea because what happens is like the stocks are already down they go down more okay so so if you're thinking about doing this you might want to either do it early or late because like everyone is doing it so I mean like sometimes the company is not going to go bankrupt I mean it's just like you have it's down it's going to go way down and then it's going to spring back up after now if
it's really a dog then it's going to go down forever so I mean that's a different ball game but what I'm saying is is that people are going to do this because there's not really many capital gains this year you know people had big capital gains for two years three years but now this year they don't really have that many capital gains and so um and you know that because you can track the receipts on the go on some of the Fred websites you can track capital gains and income tax
receipts so so you track this you realize people aren't making any money so okay they get through the end of the year and they say surely the market will come back and and then it you know comes back for two weeks and then it does it and then people start getting wored and I think this all happens about the time that the treasury says we got a$2 and a half trillion dollar deficit we got expenses through the roof tax receipts are down interest rates are up see what I mean this all starts boom it all comes
to a head and and I think that's the time when you have the policy shift and so for us it's like you don't really want to be training that like what are you what are you going to do you're going to you're going to be I mean look I know how to trade that and I'm just telling you it's complicated all right so like this behind me like this is the big leaks I mean you you you know you you got to be professional to really move that I mean you try to like do that on your own it's it's not impossible but
it's very tricky and it can get very expensive very quickly and so the older I get you know I want to play Babe Ruth investing Right Where You Babe Ruth was like eating and drinking all the time and he was like walk walk up and like you know if the pitch look nice he'd swing at it and crush the ball but it wasn't like he was like fighting for the hit right I mean he was playing like slow All-Star baseball you know so so that's kind of how I look at things where I'm like I don't want to fight it
out over a penny I don't want to do that I just don't care and I rather do something else you know I'd rather like hang out with my kids by the way my kids were over um this weekend and they I bought him a label maker at The Office Depot which is a huge hit for my kids and what they did is they by the end of the weekend they labeled everything and they decided they were going to turn my office into a store and so they put they made price tags on on everything so if you see any price tags don't be alarmed
we're not having an estate sale the kids have just gone wild with the label maker you know so sidebar not but just you know just in case well the the lamp here the marble based lamp is 500 and the the keyboard which is a big money generator here is 100 so I mean it's it's difficult to know the logic uh there was something over here for four but it's difficult to know kind of what logic they used in setting prices I'm not sure there was any logic it was kind of like a random price generator but okay okay so so
going back to the question of what investors can do right now so you've talked a little bit about that and again in that latest edition of the newsletter you you kind of outline what looks like a strong portfolio for you right now and I want to talk a little bit more about that because I think people who know you from for example your gold and silver commentary might be a bit surprised because you include things like energy Industrials things that people need I believe there's also more related
opportunities in there so can we talk a little bit about that yeah definitely yeah I mean I think it's a great point because I I know um because I am aware of what's going on that there are a lot of people that are super frustrated with uh Investments that I've been involved in but what I want them to understand is that I also am very frustrated and uh was looking up today uh to answer someone's question but between the years 2017 and 2022 I had 96 purchases of one particular stock and
one sale and was trying to explain that I know it's difficult that you've are dealing with a loss here but I am also dealing with a seven figure loss okay and I'm not very happy and just understand that like uh you know as an American that's on a board of a company like you know what you see is what you get I mean you can't I can't trade okay obviously very complicated and so I just think people need to kind of try to see the bigger picture that like this also can be not really how it appears could
be very frustrating for someone like me as well and and when people are frustrated I would encourage them to contact management of the company that they're frustrated and and ask management for an explanation of what's going on now it's difficult because as a director of the company I'm not a member of management okay so it's kind of like if you have a bad meal at the McDonald and you go immediately to the guy that's on the board who has like another day job and you're like I had a cold french
fries and I'm upset about it the guy you know what he's gonna say to you did you talk to the manager well no I drove all the way to Illinois to your to the office to talk to you and the guy's like I'd love to help you but I mean like I'm on the board okay so I mean I'm going to call the manager that's what I'm going to do and ask him what's going on so that's what I do like every day is I have some person that's in like a a spitting tie and I try to explain to
them like have you talked to management no well why don't you talk to management right I mean they would love to talk to you okay and I'm happy to talk to you after but talk to management okay so back to the portfolio what people didn't understand is is that I'm managing a trust and by job managing the trust it's like Valley parking someone's Ferrari okay it's my job to park the car but it's not my car right so what am I going to do well I'm not going to buy microp
stocks that in a Time when the market is getting drained of cash I'm not going to do that because that's like saying I'm valy parking your Ferrari but I'm also going to like go at high speed to see my girlfriend and then come back and pick up a pizza all the way back okay I'm not going to do any of those things all right now people need to understand I have a strategy here right and my strategy is I want to buy things that I think you're going to remain stable during a time of instability and that
doesn't mean like super boring stuff I mean we're not buying IBM here okay so like we have some stocks that are like a little edgy but we have balance in the portfolio we have balance we have energy stocks but we don't have energy producers we have companies that are high demand for certain parts of the energy business they're very interesting they're very low debt and uh seem to have minimal competition and we feel like we'll get through this tough time and we'll sve
that company and then we have um things that we feel like the US can't do without you know like in the wor situation things that like you can't duplicate that the US can't deal without maybe they go down but they are like businesses that can't be replicated um so anyway so so so yeah I me we we have kind of like five tenants of Direction and that that's how we set the direction and and what I'm showing people is is that you subscribe for a while you don't need me anymore and the reason is
because I'm showing you how I think I'm teaching you how I think and I'm just going to teach you that and then one day you're like I don't need this guy anymore I've got all his tricks so I think people some people some people like that and I'm the kind of person that likes that you know I like someone to say like hey I'm going to tell you to stock I'm going to be like this is what we're doing right now because this is what we think is going to happen and we could be wrong you know
but like if we're wrong we're going to come back and reference this and be like you know what we didn't see coming we didn't see a plague we didn't see a plague coming for example like how could we have seen that coming it's it possible so when you have an error like that you know you're going to go back and revisit the facts as you thought you saw them at the time and but we have no gold stocks I mean I have now I have um I have my gold dealer in there I have I have one gold dealer listed with his
phone number his personal phone number um and I asked him if somebody calls that's a subscriber like a paying subscriber you know to take very good care of them and to you know not let them buy things that are kind of a ripoff like let them tell them you're interested in selling them like basic things and you're willing to give them a great price but the reason why is because like gold is not to me an investment I mean a lot of people they have a really hard time with this but like I don't think gold is an investment
I I I like gold a lot I've always liked gold um I've always wanted to have a little bit of gold and I've always seen it as like something that you accumulate over time so that you because because Charlotte I know it's hard to me understand but like I started my career I I didn't really have very much money I mean it was like I was like dirt poor but but like when I was working the number one thing in my mind was I don't ever want to be this hungry again like you never know what's going to happen
and even if I'm like the basic I remember my first first job okay my first job like doing construction I was saving some of the money at buying X on stock like $50 a month and it sounds so crazy to think about now but I remember I got a I got a better job and I had to move which cost me like $1,000 I had to move out of state and I sold the xon stock had like 500 or something and then then I had like a manageable amount you know of and people don't understand this it's like they they want magic to happen
and it's like look you know it's not magic like you're you're going to you're going to what's going to happen is you're working really hard you're trying to invest to get ahead and sometimes when you do get ahead it's important to like permanently save some of that money so that you don't end up in the back of the food line starting over because I'm telling you like I'm not as young as I look Okay and like you really what you don't want to do is go back to
construction and your mid 40s now now don't get me wrong I don't have anything like I have a construction when I was younger it was my I appreciated the trade and now construction workers make a fortune okay so I'm not saying anything bad about the construction trade what I'm saying is is that stuff is heavy and like you know your knees start to hurt and you're just like you know you want your life to progressively you know get better where you're the manager of the construction site okay or
the owner of the construction company there we go but my point is that you don't want to start over as like a laborer it's really difficult it's hard and so that's why I liked gold because I felt like gold was a way for me to protect my hard work that's how I always saw gold and so I didn't see it as like oh I'm gonna buy a coin and it's going to go up I I'm like it's going to go up 10% like it's not like I'm going to sell it so if it goes down 10% I'm like yeah
I'm just going to buy a coin every month or whatever you know I this is like early days EB Tucker like the you know driving a Ford Ranger around like working and you know basic basic right I mean gold was like $400 come on so my point is is that like I don't see go people need to I write about that I wrote a whole book about that as you know but I mean I do with the newsletter I'm like look you know don't be getting crazy with gold like I mean you know I like to have some and and I think it's
really sensible but like here's how I do it here's my guy you know you call my guy and you don't have to you don't have to do business with you go line compare the price and it's super easy you know you're going to buy us Eagle what's the price here what's the price here okay I'll take the lower price I mean the Eagle's an eagle right I mean so but anyway but people need to know like what some options are so they can compare all those options and so that's something we
do in the premium side of the letter it's very important okay so so no gold stocks in the portfolio but gold as a store of wealth as we've talked about many times before so I had I had in my head that I was going to ask you about the trajectory for the gold price during all these circumstances and I'll still ask you about that but you know I guess keeping in mind that the price is not necessarily the most important thing well it's it is maybe not the most important but it is still I mean
obviously we don't want to buy gold and then see it h knocked in half but I don't think we will I personally think I mean right now let's see this moment 1924 we had a big day on Friday I personally think that the gold price is set to move 10% like I think that then get going to you know 2150 maybe up to 2200 in the next 90 days and I think that because what we saw recently was we we saw all the indicators that show the same move that we saw in 2018 20 early 16 you know we saw this like huge dip down that didn't make any
sense on high high volume and then it immediate back to where it started and usually when we see that we know that the downside is over it's really tough for gold with high interest rates a couple years ago you would have said what happens when interest rates go to Five you like gold does not do in it doesn't move you would have definitely said that right because um that historically the correlation is that the gold price moves opposite of interest rates but what are we seeing gold is held in there pretty well I mean
1925 you know I mean okay so we're flat for three years when interest rates went from zero to five and a half wow I mean that's that's pretty crazy and in every other currency except the dollar it's at an all-time high so I mean look for 10% let's look for 10% by the spring how about that and you have me on and throw tomatoes if I'm wrong well we'll check in with you then and see what's going on any thoughts on Silver as well just just quick thoughts on Silver because you
know we've had gold Ed historically oh go ahead yeah it's a problem it's a problem silver is a huge problem I'll tell you why because you sit there for like 15 years and it's to the same price okay and I'm in the I'm I'm close to the silver business right of course like I mean I have like immense amount of experience and you know big giant blocks of it and all this like been to all the mines whatever all this stuff traded the Futures options coins everything stocks problem with silver is 15 years
ain't Place someday it's going to go up to like a 100 bucks but who knows what day it is and so it's impossible because if you try to have a if you have a Futures trade on when silver Goes Bananas you're going to make so much money that you'll have a yacht in Cole Harbor that's called like the silver dollar or something and everybody will point at it and tell you say you're the smartest person in life but it could be in a month it could be in a year it could be in five years
could be in 10 years nobody knows and it goes so fast that nobody trusts it so so I cheer for silver from the sidelines I want silver to win I know that it's going to go somebody is going to catch it when it goes and make it a lifechanging fortune but it's not going to be me because it's too hard and I know this because like the silver of 30 in 2021 so I was like heavy heavy in I I had like big futures and options and all I had this big trade going and it was like it started to go you know and I
added to the trade and it stopped going I mean it's just like too difficult it's $22 I mean like 2291 can you believe it I mean honestly an ala silver $22 I you know it's like I probably have one here it's like you know a couple of these on the desk here just for fun but I mean 22 bucks you pull that thing out of the ground m melt it stamp it 22 bucks I mean doesn't make any sense seriously it's like it's like 190th maybe 180 F the price of gold or something and it could go I'm telling
you like the market for silver okay so in gold right now the the Futures Market in Gold determines the price there's about 120 to $125 billion dollar worth of gold Futures Trading right now so silver there's like 10 maybe 12 it's like on10th of the liquidity and what that means is is that when silver goes there's nothing to slow it down right it just goes like totally bananas I mean like it one day it's going to go and it's like Charlotte it's going to make your head go up and sit all the way
around your ponytails going to go flying in the air that's how crazy it is that's how crazy silver gets and but the problem is the win it's extremely difficult it's extremely difficult because to keep those bets is expensive you know like it's not like I mean because what good does it do you if you buy 10,000 ounces of bars and then it goes up 10 bucks I mean it doesn't really it's not really like I don't want to trivialize it but it's only 50% right I mean then you go to like I'm telling
you I have a lot of silver it's extremely difficult to store it it's like it's too much like you have to put it all over the place and people you know it's just like it's in the way to be honest with you okay so so it's really hard to do that so you kind of have to do it in a big way with like Futures and options and options on Futures and all these things and and so when you start doing it and you got it's expensive you got to keep you gotta like really stay on top of that you know it's
going to cost you money to keep you go on 10 look this thing I remember 2011 it hit 50 and in this in the fall of 2011 it was like 33 or something we thought it was cheap that and then in during the plague it was like 11 remember this it's crazy scre down 65% mean who would have been able to hold on that one so if you successfully trade silver on this upswing that comes eie Tucker says that you are incredible and uh hats off to you because because it is not easy and my only advice is if you do that if you
catch that wave if you really catch that wave probably hang up the surfboard because it's very hard to do it twice okay okay appreciate the thoughts on Silver definitely and you know I feel like I have a much better idea now of what you're up to what you're thinking before I let you go just any final thoughts that you would leave investors with right now be patient if you're going to tax law sell do it early or do it late but not with the herd and look out for first quarter is probably the time when
everything hits the wall and so if you can be in T bills at five and a half or high yield savings account or stuff like that there's something to be said for that don't worry about if the inflation feels a little higher you know it's nowhere near as difficult on your stomach as being involved in things that you know you put putting your stocks in a microwave you don't want to do that all right okay this is really good thank you so much for coming to talk about what's going on in the markets with
different Commodities I think the audience always really appreciates hearing from you so thank you very much thanks for having me EB tucker.com and I can't wait to come back and see how we turned out on the gold press for sure will'll be checking in with you at that time so once again I'm Charlotte McLoud with investing news.com and this is eie Tucker with the Tucker letter thank you for watching if you like this video make sure you subscribe to our Channel we'd also love to hear
your thoughts so leave us a comment below we'll see you next time
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