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Gold and Silver: The Rise of Hard Assets Amid Dollar Erosion

Market Movers: The Opening Bell

September 18, 2025

Video Transcript

Well, the Fed Reserve easing rates by 0.5% point as widely expected, the central bank gave a more hawkish outlook for rates in 2026, with officials predicting only one more rate cut next year slower than the current market expectation of two or more cuts, and Fed officials did not hit the panic button, choosing to cut rates by the smallest possible amount at the September meeting.

Well, joining me this morning here at the New York Stock Exchange is David Strezeki, Fintech. contributor and CEO of Sound Planning Group.

David, good morning.

Thank you so much for joining me.

Pleasure to be with you.

Well, we saw mixed reaction after the Fed announcement, the rate decision, Powell's presser, but of course this morning we are looking at futures pointing to a much higher open.

So what do you think of the market reaction?

Well, the market's always going to, when when the Fed starts printing, you know, it's going to start rising.

And so I think that this was kind of baked into the cake, you know, I don't think that a quarter point really affects us in a way.

That's so meaningful that mortgage rates go down, which we really need to have, or you know, ultimately you know getting our debt situation as a nation figured out.

But you know it's heading in the right direction.

I think that we could have seen a 50 basis point and we would have been like, yeah, that makes sense.

So you know what's going to happen here as the as the rest of the year kind of goes forward, you know, we will ultimately see, but I think that they're going to probably end up doing a lot more than 25 point, but it'll be as a result of some challenges, yeah.

For now we are expecting more cuts by year end and so far based on what we're seeing in the summary of economic projections, one next year and one the year after, but we know anything can happen between now and the year end.

So I do want to focus on something that we are seeing pre-market and we are seeing Intel shares rallying by as much as 30% pre-market.

This does come after Nvidia announced their $5 billion investment in Intel.

So what's going on here?

Well, obviously.

America just made an investment in Intel and so President Trump is motivated to see this work.

He's motivated to see Intel kind of get their legs.

We've got to beat China and Huawei specifically.

We need to be doing more manufacturing here at home.

That's a critical infrastructure idea here and you know Taiwan is is making all the very important chips today, and so we've got to bring more of that back to the United States.

This is a move towards that, yeah, and David, while I have you here, I do want to get your take on gold as well as what we're seeing in crypto.

So we've been seeing mostly reach about trading when it comes to Bitcoin, but what about gold? because we've seen gold race through technical levels hitting all-time record highs.

So the world right now is recognizing that the United States dollar is worth less than it was even at the beginning of the year.

We're down about 10 11% right now, and so.

Means that hard assets are things that are finite that don't have the ability to just be printed, printed, printed, that they're going to go up in value.

And so in the case of gold, if it takes more individual dollars to buy one individual ounce of gold, then guess what?

That's inflation.

And so we're seeing the dollar erosion here.

I'm looking towards gold and silver, platinum, palladium to be having just at the beginning of a really strong run right now, but ultimately leading to metal miners likely leading all sectors of the market going forward.

Yeah, and just like when we're talking about AI, David, there are 10 gentle clays for gold or even silver, and we are looking at silver above $42 a barrel, higher than when you were last year.

So what's going on with silver?

OK, silver right now is in a silver squeeze.

I think the number is about 260 million ounces that we have not had produced since 2020, but we overused, so solar panels, which I've got a bunch of them.

The number one user of of silver, but also you want to do Navidia chips.

You want to go smaller and chip sizes, etc.

You've got to have silver.

It is a producer of electricity, ultimately like the currency of electronics here.

So the 7.5 mining ratio, 7.5 ounces of silver mined for every 1 ounce of gold, is an amazing opportunity recognizing it's 88.5 to 1 this morning on the price ratio.

Yeah, and I'm just looking at stock futures on this Thursday morning, a day after the Fed.

We are looking at the Nasdaq and S&P 500 higher as well.

So these are some lofty levels, and we know when we're looking forward, we're looking for opportunities.

So how do we find opportunities in this market and what sectors are you watching?

OK, great question.

A couple things to point out right now, the biggest 10 stocks are about 40% of the value of the entire S&P 500, 25% of the actual earnings, 40% value.

That's a big number.

So where do we go?

I'm getting out of some of the big tech companies because of the overconcentration.

I'm raising some cash personally and I'm allocating into various places like metals and metal miners.

That's not traditionally been a part of a 6040 portfolio, but I believe is very meaningfully a part of a portfolio in the 21st century.

There are other places AI helps, healthcare, and a number of other things here, but just watch job revisions because they're going to ultimately be some of those challenges that could lead to issues in any part of the market.

Yeah, and before I let you go, you mentioned 60 to 40, right?

And I want to Your take on what we're seeing in bonds.

So what do you say to American investors?

OK, bonds are a big deal right now to be paying attention to.

So the bond market's smarter than the stock market.

So what it's doing is predicting the future.

We're looking at 30 year treasuries, just about 5%.

So that's saying 5% inflation going forward, very different than what Jerome Powell is saying or what we've been trying to get to.

But but the bond market is the Tenure is the most important thing to pay attention to, so we're getting weaker.

We're not AAA rated anymore, which means that there's room for something else to be AAA rated.

I believe that's gold, and ultimately I think that bonds, well, they can make and lose money in 5 different ways.

I believe all 5 of those things are on the table right now.

But watch, if interest rates go up, which they could, then that actually causes bond portfolios to lose just because of the price change or called NPV.

OK, David, always great having you on the show.

Thank you so much for joining us.

Pleasure is mine, Remy.

Thank you so much.

“The world right now is recognizing that the United States dollar is worth less than it was even at the beginning of the year.” – 02:38

David Stryzewski, Fintech.TV Contributor and CEO of Sound Planning Group, joins Remy Blaire at the New York Stock Exchange to discuss the recent Federal Reserve rate decision and its implications for the financial markets.

The segment begins with Remy highlighting the Fed’s decision to ease rates by a quarter of a percentage point, a move that was widely anticipated. However, she notes that the central bank’s more hawkish outlook for 2026, predicting only one more rate cut next year, diverges from market expectations of two or more cuts. David shares his insights on the mixed market reaction following the Fed’s announcement, suggesting that while a quarter-point cut may not significantly impact mortgage rates or the national debt, it is a step in the right direction. He speculates that further cuts could be forthcoming, driven by upcoming economic challenges.

The conversation shifts to the pre-market surge in Intel shares, which rally by as much as 30% after NVIDIA announces a $5 billion investment in the company. David emphasizes the significance of this investment in strengthening American manufacturing and competing with global players like China and Huawei.

Remy then pivots the discussion to precious metals, particularly gold and silver. David explains that the current decline in the value of the U.S. dollar—down about 10-11% since the beginning of the year—has led to an increase in hard assets like gold. He notes that as it takes more dollars to purchase an ounce of gold, this reflects inflationary pressures. David expresses optimism about the potential for gold, silver, platinum, and palladium to experience a strong run, with metal miners likely leading the market.

The discussion continues with a focus on silver, where David describes the current “silver squeeze,” driven by significant demand from solar panel production and electronics. He highlights the favorable mining ratio of silver to gold, suggesting that silver presents a unique investment opportunity.

As the segment progresses, Remy examines stock futures, which indicate a higher opening for the Nasdaq and S&P 500. She asks David about finding opportunities in the current market landscape. He points out the concentration of value in the top 10 stocks of the S&P 500 and shares his strategy of reallocating investments away from big tech and into metals and metal miners, which he believes are essential for a modern portfolio.

Finally, the conversation turns to the bond market, where David emphasizes the importance of monitoring 30-year treasuries, currently around 5%. He explains that the bond market often predicts future economic conditions, and the current rates suggest a 5% inflation outlook. David cautions that if interest rates rise, bond portfolios could face challenges due to price changes.

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