Jaime Carrasco: World Power is Always Shared Between the Biggest Energy Producer and Buyer

Tom welcomes Jaime Carrasco of Canaccord Genuity back to the show. Jaime discusses the price valuations for miners with gold in the ground and why some remain very undervalued. These are amazing opportunities to buy into something the world will need soon. You need hedges to protect you from what is coming. It's important to have your own gold and these events only happen every hundred years or so. Many challenges are coming. SWIFT only works with Euros and Dollars and Russia no longer wants those currencies. Today, however, Russia is the largest producer while China and India are the largest buyers. The world is deciding what currency to use in their new system. Saudi Arabia, UAE, Venezuela, and Mexico are siding with Russia. Every time currency systems shift the biggest losers are the countries with the most debt. This is the elephant in the room. Since the Ruble is rising in value and is being backed by gold a relationship and floor are being put in for gold. Now consider Canada's non-existant gold reserves. Russia is a net buyer of gold so sanctions on metals has a minimal effect. Nickel is an example of the risks of owning paper contracts in a crisis. We're losing control of the commodity markets and the exchange pricing is shifting to the Eastern markets. Economic unravellings take about two years to play out. Two years to collapse and then the rebuilding starts. We need a complete cleansing of the system. Great leaders only come out of hard times and we're going to need to go through that period first. Housing markets usually crash because banks stop lending. Rates would have to rise quite a bit for inflation to be prevented. They can't raise rates much without killing the stock markets. Gold is going to have to move much much higher to rebalance the system. Time Stamp References:0:00 - Introduction1:47 - Golden Consequences4:46 - Positioning and Pullbacks7:18 - HUI VS. Gold9:18 - SWIFT and Russia14:23 - Gold-Backed Ruble?16:14 - Metals & Sanctions18:36 - Chilean Story20:20 - Unintended Consequences23:04 - Inflation & Impacts26:10 - Rate Hike Effects32:52 - Debt and Currencies35:52 - Liquidating Treasuries37:23 - Great Leaders?39:16 - Blockchain & Crypto43:36 - Exiting the System45:27 - Rates & Real Estate48:45 - Gold Projections50:32 - Two Portfolios54:44 - Wrap Up Talking Points From This Episode * Russia's petroruble alternative to the SWIFT system* The continued consequences of excessive money printing and debt.* Why blockchain may be the decentralized solution for gold.* Why gold is heading much higher due to massive fiat money creation. Guest Links:Twitter: https://twitter.com/IJCarrascoLinkedin: https://www.linkedin.com/in/carrasco1/Website: Canaccord Genuity: https://www.canaccordgenuity.com/ Jaime Carrasco is portfolio manager at Canaccord Genuity Inc. in Toronto. From 2014 to 2018 he worked as Director of Wealth Management and Associate Portfolio Manager for ScotiaMcLeod. Before this, he worked for Macquarie Group, CIBC Wood Gundy, BMO Nesbitt Burns, Gordon Capital, and Merrill Lynch. Jaime is a leading Canadian investment professional with 25 years of experience providing wealth management and investment counsel to affluent families, businesses, and institutions. He has garnered a reputation for questioning and challenging the status quo and exploring the most innovative investment strategies. Jaime,