Gabriela Berrospi, CEO & Founder of Latino Wall Street, joins Remy Blaire to discuss the recent surge in precious metals, particularly gold and silver, which have reached unprecedented levels amidst ongoing economic uncertainty. The segment opens with Remy highlighting that gold has surpassed the $4,000 mark for the first time, currently holding above $4,060. This rally has attracted attention from prominent economists and investors, including billionaire Ray Dalio, who recommends that investors allocate 15% of their portfolios to gold. In contrast, Peter Schiff warns that the rising gold prices signal the greatest inflation in U.S. history is on the horizon. Citadel CEO Ken Griffin expresses concern that gold’s ascent reflects a growing lack of trust in the U.S. currency.
Gabby asserts that the current rally in gold is indicative of a broader lack of trust in both the economy and the government, drawing historical parallels to past events where similar surges preceded significant changes. She notes that silver is also performing exceptionally well, often outpacing gold, yet remains underestimated in the market.
The conversation then shifts to Bitcoin, which has also reached new highs above $126,000. Gabby discusses the perception of Bitcoin as an inflation hedge, although she cautions against its volatility, suggesting that it should only occupy a small portion of an investment portfolio. In contrast, she views gold and silver as more stable traditional hedges against inflation.
As the episode progresses, Remy highlights the recent record highs of the S&P 500 and NASDAQ. Gabby points out the unusual correlation between the rising prices of gold and the S&P 500, which typically exhibit a reverse relationship. While she expresses optimism about the market’s performance as the year comes to a close, she raises concerns about potential corrections in the following year due to rising inflation and ongoing uncertainty.