By coinnews 
00:00 Speaker A
You know, gold has been glittering. Folks have been diving in there. It’s been risk off. What if tomorrow, Phil? Obviously, we we’ve had this date now on our calendars, Phil, April 2nd, right? We all been waiting for this. It’s Trump, it’s liberation Day, it’s the new tariff plan. What if he comes out tomorrow, Phil, about 24 hours from now, and who knows, Phil, maybe he he actually sounds relatively more friendly, maybe more accommodative than people are expecting? What would that mean for the gold trade?
01:18 Phil
Yeah. You know, I’ve been thinking about that, and that’s I think on the back of the minds of many gold investors. I mean, April 2nd, this is like the Super Bowl of tariffs. You know, how much fear is priced in the market? This is like a market moving event. This reminds me of like when CPI was coming out or the jobs report. But the reality is that gold does have everything going for it right now. Yes, you have this event risk, yet the US trade policy, but fiscal policy, monetary policy, now they’re factoring two to three interest rate cuts in 2025. You got geopolitical situation, it’s volatile in the Middle East, Russia, Ukraine, China, Taiwan. You’ve also got a global growth slowdown with a 30 to 40% chance of a recession. So the precious metal has been one of the strongest performing commodities this year, posting its best quarter since 1986, and multiple financial institutions are increasing their price targets since we passed through 3,000. Now it’s 3,500 and beyond. So as long as you’ve got the strong central bank buying and the demand there, particularly from the emerging markets, and the solid inflows into the exchange traded funds, I think gold has some backing and some support levels. Now, tomorrow’s event, the average true range on gold, it’s moving about $40 a day. You could see two times that. So something like $80, I wouldn’t even bat an eyelash if this thing sold off that much just to come back here and charge on to new all-time highs.
03:40 Speaker A
Phil, all right. You built a strong case. I’m sold. But do I want miners? Do I want the metal? What what’s the best way to do it from here?
04:00 Phil
You’ve seen that movie Gold Rush and what a disaster that is on a day-to-day basis. Why would you want to own a miner like that when you’re just trying to speculate on the underlying price of the metal? You know, miners, we’ve seen record gold prices, and we’ve seen them, yes, post record profits, but the revenues just aren’t there. They’re big impacts are rising labor costs, rising inflation costs, you know, gasoline, insurance, labor, everything else. It just doesn’t make sense, in my opinion, to own these miners, and I think that there’s a lot more risk owning them. You got to know what metal they’re producing and where they’re producing it at. So it’s just in my opinion, it’s just not the way to play it. You got to play the pure price play. I think you go with the futures contract or minimum one of the ETFs in order to be in for that ride.