Market Needs 40% Correction, GOLD To $6,000? | Michael Pento

Michael Pento discusses his concerns about the current economic landscape, focusing on the risks posed by massive asset bubbles in stocks, real estate, and credit. He outlines his investment strategy and explains why he believes significant market corrections are inevitable. Michael also shares his views on inflation, deflation, and the potential for gold to rise to $5,000 or $6,000 per ounce. #goldprice #gold #silver ------------ Thank you to our #sponsor MONEY METALS. Make sure to pay them a visit: https://bit.ly/BUYGoldSilver ------------ 👨‍💼 Guest: Michael Pento 🏢 Company: Pento Portfolio Strategies 𝕏 @michaelpento 🌎 https://pentoport.com/ 📅 Recording date: August 19, 2024 --------------------- 📆 Save the Date 📆 DEUTSCHE GOLDMESSE 🪙 November 21 & 22, 2024 in Frankfurt, Germany www.deutschegoldmesse.com Register today. --------------------- ►► Follow Us! ◄◄ Twitter: http://twitter.com/soarfinancial Website: http://www.soarfinancial.com/ Chapters & Timestamps (AI generated): 00:00 Intro 00:51 Host Introduction 01:30 Guest Introduction: Michael Pento 03:08 Economic Reality Check 07:08 Portfolio Strategy Discussion 10:21 Inflation and Disinflation Analysis 15:17 Real Estate Market Insights 20:30 Federal Reserve's Role and Interest Rates 28:13 Global Debt and Financial System Concerns 32:29 The Role of Gold and US Dollar 36:34 Impact of Mainstream Financial Media 39:14 Portfolio Advice and Market Outlook 41:17 Closing Remarks and Outro **Disclaimer:** Some of the links presented might be affiliate links. We might receive a commission if a purchase is made using those links! Unless specifically disclosed, all information available on Soar Financial and its affiliates or partners should be considered as non-commercial in nature. None of the content produced by Soar Financial should be considered an endorsement, offer or recommendation to buy or sell securities. Soar Financial is not registered with any financial or securities regulatory authority in Canada, the US, Europe, or the UK, and does not provide, nor claim to provide, investment advice or recommendations to any consumer of the content that Soar Financial produces and publicizes. Always do your own due diligence and/or consult a qualified legal, tax, or investment professional if personal advice is deemed necessary. Soar Financial and its related companies (including its directors, employees, and representatives) or a connected person may hold equity positions in securities detailed in communications. When this occurs a disclosure will be made. Disclosures on social media will be made using the hashtag #coi (short for conflict of interest). Soar Financial, its affiliates, and their respective directors, officers, employees, or agents expressly disclaim any liability for losses or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of this site or any decision made or action taken in reliance upon the produced content of Soar Financial, whether authorized or not. By accessing Soar Financial’s content, each consumer of Soar Financial content releases Soar Financial, its affiliates, and their respective officers, directors, agents, and employees from all claims and proceedings for such losses, damages, or consequences. #gold #goldprice #goldinvesting #jeromepowell #fed #federalreserve #brics #preciousmetals #technicalanalysis #investing #stocks #mining #money #wealth #silver #trading #stockmarket #portfoliomanagement #silver #silverprice #kitco #kitconews #kitcogold