Dr. Kirk Elliot (16:52)

Why?

Chris Cuomo (16:52)

Why? Is it a high crime and misdemeanor? Why? What is it what? Is it treason? Is he giving comfort to the enemy? Is Israel the enemy? What are you talking about? This is a problem with somebody who tells bad jokes for a living deciding to get into the philosophy and political analysis business, when really all you're doing is just being a provocateur for clicks. And I'm glad to see these people getting their ass beat by one another right now because they've been saying stupid shit to get everybody angry for a long time. And it's good to see them dealing with one another now. And hopefully they'll boil it all down and reduce themselves into something that's more reasonable. Because if you arrive at the answer that, yeah, you do have to stop them. Okay, how? You got two avenues. You take out the regime, you destroy their capabilities, or you make a deal. I think Trump is going to make a deal. I think it's the right move. Now, Israel will disagree. That's okay. It doesn't make them an enemy. It doesn't make them bad. It could make them wrong. But I don't know what kind of proof they've shown the President, and he certainly hasn't reflected it here. And he does seem to be talking about Iran in terms of the regime, as you asked, for this. This being what's happening right now, not more. And I would not be surprised for the President to stay in that direction as long as he can. Now, are there X factors? Of course. This is a capricious man. We saw it with tariffs, we saw it with deportations. I wound up getting egg on my face. I said, good for the President for arriving at a reasonable conclusion that not everybody who enters the country illegally is the same. There are a lot of people doing all the things in this country who entered the wrong way. And then he said that. Farmers, hotel people, other big employers. We got a lot of people building our communities and part of things that are very good and beneficial for America who didn't come in the right way, but they've done everything right since they came in that way. And then he caves to MAGA and this virulence that he fed of xenophobia and against these people, and they just change back. That's the capriciousness I'm talking about. Same thing with tariffs on everybody. On nobody. On 150%, no 10%. Oh, he's just negotiating. No, he's not. He's vacillating. And sometimes that's okay, sometimes it isn't. You can't vacillate on whether or not to bomb somebody. Once you bomb, you bomb, you can vacillate about whether or not to do it, but once you say yes, you're in. And I think Trump knows enough from history and from what he's being told that he doesn't see a clear win. Because, look, even if you use the bunker buster bombs, which we would have to do, America would have to deploy them. They're so heavy that you need certain, you know, aircraft that only we have. You'd then have to check, you'd have to go on the ground, you'd have to be there to really know. And we're not going to do that, not right now, maybe not ever. Not under these circumstances.

Dr. Kirk Elliot (20:10)

So.

Chris Cuomo (20:12)

Right now, what we're going to see is a slowing down of the exchange. Why? Assets and inventory and this message phase has been exhausted. Iran cannot do any real damage to Israel anything more than it has done. And I'm sure there is more damage than even we know from the wider media. But they haven't done anything like what Israel can do to the regime, but also collaterally to the people there. And I do think that there is a lower risk appetite for that because of what's happening in Gaza. I don't think people want to sit around and start seeing more non combatants getting destroyed in another part of the region the way we're seeing in Gaza. Now, I understand the exigencies of Hamas and the taking the hostages, and I understand the exigencies of the regime in Iran, specifically to Israel. But I think that this is winding down for now. And then it's the President's move, and I think his move is going to have to be to try to make a deal. Will it work? I do not know. But I'll tell you one last thing that we're seeing right now. Trump has to move away from Maga. Trump has to move away from maga. It cannot take him where he wants to go. It got him here, sure, but it's extreme. And if he wants to be seen as great, he can't be a part of competing extreme agendas. MAGA is part isolationist, fuck the rest of the world. We're all about ourselves, even if it's irrational, if it's a reflection of how little we understand about geopolitics and economics. And then you have these used to be Republicans who are hawks who believe in beating down Islamism everywhere you find it, who are anti Muslim, which is very different than being anti Islamist, extremist. But they exist in there, those people, and now they are fighting with one another. So you get Mark Levin vs. Carlson and the jokers, and that fight is poison for the presidency. He's got to distance himself if he wants to be remembered as a great leader. He has to build consensus. Now, I believe resistance to fundamentalism and extremism is where that consensus will be found. The president has to move away from maga. Let them eat themselves, okay? On the battle to the bottom of who is worse and what's the most isolationist, what's the most violent. All of these ugly tendencies and appetites that they have, leave them to it. It does not get the President where the country needs to be or where he needs to be in his own estimation of what he wants his legacy to be. You had to know that an extreme agenda was going to implode. They always do. Same thing with Wokeism. It was too much, too far. This is a centrist country. Eventually you will collapse under the own weight of your exaggerated circumstances. You see it on the left as well. It's just not as operative right now as what's happening within MAGA with this president. But AOC warning Democrats, they're going to go back to their old friends. They're going to choose their old friends. You want to talk about the elite corporate class, but those are your people. That's who your party is now. The people that you abandoned are the working class people, the majority of this country. That's who you AOC and your friends on the far left who openly call themselves socialists, right, who play with the idea of whether Israel has a right to exist. You're the one who surrendered, who that party was really about. Those are your old friends, the majority, the centrists, the reasonable. You are the one who went radical. And that's why your party is in the shitter. That's on you. You want to be openly socialist. You want to say that you know Israel doesn't have a right to exist and say, hey, leave these pro Hamas people alone. You abandoned the base. The base didn't abandon you. You gave them to Trump. You forced them to Trump. But now he's in his own pickle with MAGA and they are eating each other and he needs to step away from it. And he has to step into the role of building consensus in this country. And he has to answer two really hard questions. Do you need to stop the regime in Iran from enriching uranium at this rate? And if you do, how do you do that? Those are two hard questions and the answers are fraught with downside. But that's what being president is all about. And that's where America is. And what we see in the next few weeks is going to inform a lot about what we all live through the next few months. Listen, you know that things are off. The economy is all about uncertainty. You got wars overseas. You got inflation, you got borrowing costs. You got consumer issues, you got food issues. Every time you turn on the news, another bank has problems. So question. What are you doing to deal with the uncertainty? To protect what you've built for your family? That's why people are turning to gold and silver. What is old and trusted is new again. Not because it's trendy, but because it works. When the system shakes, real assets matter. This is something you can hold, that you can trade, that you can count on. It's not a maybe, it's a hedge, but there's a trap. And this, this is what no one tells you. But I will. It's not just about buying gold. You gotta buy the right kind. Now, what does that mean? Well, you know these flashy ads, special edition coins, celebrity endorsements? Those are about taking your money, not protecting it. Big commissions. They don't tell you about bad deals. Look, I know about people who have gotten burned and sometimes you can't bounce back. That's why I am partnering with Dr. Kirk Elliot, double PhD, 20 years in the game. And let me tell you something, one of the few guys, when he says he puts people before profits, he can back it up. No pressure, no gimmicks, just real bullion. Gold, gold and silver that you can use, sell and trust anywhere in the world. No matter what's going Right now, Dr. Kirk and his team are right and ready at Kepm and offering free consultations. We all got questions. Guess what? They've got answers. Go to kepm.com cuomo k e p m Kirk Elliot precious metals.com cuomo and you'll get straight talk. This is about finding certainty in uncertain times. Get smart, get moving before the next shock hits. So look, with all this uncertainty about what's going to happen with the regime and whether it will continue with Israel, with America getting get involved, you're seeing volatility all over the place, if only with oil prices. Now the question is, what are you supposed to do with this? How are you supposed to plan for your family? How are you supposed to deal with your finances? How are you supposed to deal with your investments in this? The markets are going crazy up and down here and abroad. All of these different rules that we thought we had about how to protect ourselves in Uncertain times seem to have changed. So what do we do? I don't know. That's why I called in my partner, Dr. Kirk Elliot. Okay. From Kepm, Kirk Elliot precious Metals, to kind of give an analysis of what does this all mean and what can we do to protect what we have and give ourselves a chance to grow and get to a better place. Dr. Kirk. Good to see you, Doc.

Dr. Kirk Elliot (29:04)

It's great to see you.

Chris Cuomo (29:06)

So all of these questions hanging in the air about what the American president, what the American military is going to do vis a vis Israel and the regime in Iran, we're watching the markets fly all over the place. What are people supposed to be thinking or planning or doing right now?

Dr. Kirk Elliot (29:30)

Well, that's the question on everybody's mind, isn't it? I mean, so like two days ago they were close to now that we're going to get peace in this region and Iran doesn't want to come into a deal. So the answer is who knows what's going to happen over the next 24, 48, 72 hours, right? We don't know. But markets, here's what's interesting about the markets. Stock market doesn't respond well to chaos, neither does the bond market. Gold and silver perform very well during chaos as a flight for safety that people look for when the foundations around us are eroding.

Chris Cuomo (30:12)

So how do you think about oil? And the immediate impact was the price goes up because Iran is in the oil game in the region. And then OPEC says what it's going to say, what should people do with that information?

Dr. Kirk Elliot (30:30)

So we have to ask ourselves one simple question. What do we do when oil goes up? And the projections now for oil are with this conflict, maybe $130 a barrel, right? So $120 to $130 a barrel. We're at 71 right now, Chris. So going from 70 to 130, it's like an 80% increase in the price. What uses oil? Like everything, right? I mean, it's literally used in everything from plastics to actual oil and gas to manufacturing. I mean, it's used in everything. So that is a bottom line increase to inflation when something that's used in everything could go up 80%. Right? So that's point number one. Point number two, we don't know how high it's going to go. But these are just the projections, right? But here's what happens if they, they shut down the Strait of Hormuz. Now the oil tankers going all over the world aren't going to be able to get oil to there either. So now there's this, this international disruption of oil. So we. But this is just from this war, right? This is just from the conflict in Iran. You have oil prices could shoot up to 120 to 130. You have what happens if they shut down the Strait of Hormuz? Well, what about the other war, which is the war between Jerome Powell and Donald Trump? To me, this is another one. Because when you've got inflation, that's going to come from higher oil prices. What has been the battle between Trump and Powell? Trump says, you've got to lower interest rates. Powell says, no, we've got inflation. I've got to raise interest rates. Right? So this conflict has the potential to cause oil to go up and cause even more inflation. So there's going to be a propensity for Powell to say, no, I'm not lowering interest rates. I don't care what you tell me to do. Right, because we've got inflation and we're supposedly an independent institution, right? So let's say they stay the same or they go up. Here's the consequences that come from that. When you look at things like the big beautiful bill which adds deficits and adds debt, what is the main mechanism to pay those deficits and debt? It's a growing economy. So this is the argument. We're going to grow the economy, we're going to bring jobs back. This is going to create the money needed to pay off these deficits. What if we go into a recession because Powell raises interest rates to slow down inflation? Then there is no income streams to pay these deficits. So this is where something like this battle, this war, this ugly nastiness that's happening in Iran and Israel, and maybe the US Is going to be right in the middle of it, could actually have even a bigger impact on the US Economy than what people are thinking.

Chris Cuomo (33:35)

What's the risk if someone says, oh, good, Kirk agrees with me, oil's going to go up, I'm going to buy it.

Dr. Kirk Elliot (33:40)

Now that there actually is peace in the region, there's some kind of a treaty like tomorrow and the price doesn't go up and it actually comes down. Or a lot of times when there's this economic disruption of like, oh, the prices are going to go way up because of this conflict. And then what does OPEC do? They increase the production, right? So you get more of it out there. Well, then what's that going to do? That actually increases the supply. So when you have increased supply and even the same amount of demand prices come down by that one policy maneuver. Then if there's peace added to that, then it's very difficult to make medium and long term financial decisions in a time of uncertainty like we're seeing when every 12, 24, 36 hours we don't know what it's going to look like. It's so erratic and up in the air right now. But here's where I am so confident in doing what, what everybody should be doing right now. Don't look at your investments for growth. Don't look at it as like hitting a home run. Look at it as asset preservation first and foremost, right? When, when things are uncertain, you protect what you have. Now, in the, in the case of gold and silver that thrive during times like this, you've got the best of both worlds. You've got growth and asset protection.

Chris Cuomo (35:12)

Why so?

Dr. Kirk Elliot (35:16)

Because when there's chaos and uncertainty, since the beginning of time, Chris, people have gone into precious metals. It's like, you know, it's what kings and kingdoms have fought after since the beginning of time. Because it has value, right? And even the perception in people's minds. You know, if you've got this great idea and you say, and you tell your friends, it's like, I've got this golden idea, right? It's like, well, why did you use that word, right? It's a word that people use for something that they think is good, that's valuable, that's like amazing. You're not going to say, oh, I've got a stock idea. Well, it's like, what, what is that? And you know, you're saying a word that's in perception, in people's minds, but that it is a good thing, it's stable, it's real, it has value, it's tangible. Something that just can't be printed out of thin air. Something that can't disappear overnight. Like a company can go bankrupt tomorrow and the stock value goes to zero. It has value because it's a thing. But I would love to do just one quick little like message to the whole world here that's watching your show and that is, let's take away all this noise, let's take a shovel, get rid of the whole war. What's happening in Iran, what causes gold and silver to go up? What we're seeing right now is an accelerant to it. Whenever you have conflict, turbulence, turmoil, that's an accelerant. But the root cause of what causes gold and silver to go up is money supply, creation. See, take this concept, right? So what is inflation. Inflation is nothing more than an increase in the money supply. Inflation isn't rising prices. That's a symptom of inflation. Inflation is creation of money. Because when you have this money that you're printing out of thin air to provide stimulus or anything else, it devalues that currency. Takes more of that junk currency to buy valuable goods and services. So let's look back during COVID 2020, 21, right? $6 trillion of money was created out of thin air. The M2 money supply. Over the last year, $1.2 trillion of M2 money supply, which is a measure of how much money is in circulation, was created. Well, that's a lot of money to be created in a year, right? So this is why gold and silver go up. It's the foundational fundamental issue. It takes more of that currency to actually buy goods and services. Which gold or silver is a good or service, just like bicycles, just like groceries. But this isn't relegated to America. This isn't only confined to us globally. In Japan, in China, they're printing money like there's no tomorrow. This constant devaluation of currency around the world is actually causing metals prices to go up. Everything else that we're seeing, the noise, the turbulence, the wars, the rumors of wars, the tariffs, all of that is an accelerant to what? The main root cause of why precious metals go up in price, which is increasing the money supply.

Chris Cuomo (38:38)

If somebody is looking at this from the investment return perspective, how has gold and silver done versus the stock market in the last five years?

Dr. Kirk Elliot (38:48)

Silver is number one. Gold is number two. Stock market is number three. Right. Now you look at it, what's happened just this year alone, Just this year, gold's up over 60%. Right. You look at where silver was three and a half years ago. I remember because I was doing shows on it. It was in the upper teens, let's call it $18. Today it's 37. It has doubled over the last three and a half years. Gold is close to doubling. Has the stock market doubled over the last three and a half years?

Chris Cuomo (39:27)

Nope.

Dr. Kirk Elliot (39:27)

No. I mean, it hasn't done great.

Chris Cuomo (39:30)

Right?

Dr. Kirk Elliot (39:30)

Right. But it hasn't done that well.

Chris Cuomo (39:33)

Agreed. Well, Dr. Kirk, as always, I appreciate your insight on the vagaries of the moment and how we make sense of the uncertainty and what it means to our own pockets and our households and our portfolios. Thank you for doing it, brother. Appreciate you.

Dr. Kirk Elliot (39:51)

It's my pleasure.

Chris Cuomo (39:59)

Reasonable. And the data is there, so the choice is yours about what to do. I got a plan for my family. You got a plan for yours. But here's one thing we know for sure. Nothing's for sure these days. And you gotta find safety wherever you can. So let's watch and see how the President answers these two main questions. Let's watch and see if he wises up about the malignancy that is maga. And let's see where we all are the next time we get together. I'm Chris Cuomo. Thank you for joining subscribing following here at the Chris Cuomo Project. Thank you for checking me out on NewsNation 8p and 11p Eastern every weekday night. Thank you for showing love to the substack. The money from your subscription goes to help people get long Covid treatment. And if you wear your independence and get your free agent gear, I use that money to crowdsource contributions from all of us that we can feel good about. Like the money we gave to Peter, the foster parent who's making such a difference giving back to the country that he believes gave him so much. Thank you, my brothers and sisters. The challenges are real. The attitude is obvious. Let's get after it.