John Karow
Precious Metals Advisor
John Karow is an experienced lawyer and Precious Metals Advisor at Scottsdale Bullion & Coin. He holds degrees from Lehigh University, the University of Missouri, Cornell University, and St. John’s University School of Law. John is a knowledgeable authority in precious metals, dedicated to helping clients navigate economic cycles and gold and silver investments.
Eric Sepanek
SBC Founder
Eric Sepanek is the founder of Scottsdale Bullion & Coin, established in 2011. With extensive experience in the precious metals industry, he is dedicated to educating Americans on the wealth preservation power of gold and silver.
As the world spirals deeper and deeper into uncertainty, instability, and lunacy, investors are becoming increasingly diligent about their financial security.
In this week’s The Gold Spot, Scottsdale Bullion & Coin Founder Eric Sepanek and Precious Metals Advisor John Karow highlight rising geopolitical risks and how gold is poised to respond.
The World Keeps Getting Weirder
Every day seems to bring with it a new level of insanity as the world inches closer to catastrophe. In this week alone, a potential US-China trade war sparked, one of America’s strongest Asian allies briefly flirted with martial law, and tensions in the Russia-Ukraine War inched closer to the breaking point:
A Tit-for-Tat Trade War
The world’s two most powerful economies have avoided an all-out conflict thus far, but economic rifts between the US and China are growing. In his closing act, outgoing US President Joe Biden imposed broad export restrictions on China, limiting the country’s access to advanced, military-essential chip technology. In retaliation, China’s President Xi Jinping halted exports of crucial minerals used in the production of semiconductors, taking aim at the burgeoning US chip industry.
South Korea’s Martial Law Fiasco
In an unprecedented move, South Korea’s President Yoon Suk Yeol declared martial law in an unscheduled, late-night television address. Although the President cited “pro-North Korean and anti-state forces” as the motivation, his actions were evidently in response to frustrations over a budget disagreement with the opposition party. In the fray, parliamentary representatives fought through military and police blockades to unanimously shoot down the move, calling for immediate impeachment. This debacle highlights a concerning trend, as 2024 marked the 8th year in a row the prevalence of global democracies declined.
The Russian-Ukraine War Escalates
As Trump’s incoming presidency renews hopes for peace talks, the Russia-Ukraine War is heating up. Following the use of US-made missiles deep into Russian territory, Russian President Vladimir Putin greenlit the targeting of Ukrainian power infrastructure. For its part, Congress passed an additional $725 million in military aid, intending to help Ukraine halt a reignited Russian advancement. Many people fear the conflict will reach a breaking point before Trump takes office.
Is WW3 here?
With global powers engaged in full-scale conflict, many people claim the world is stepping foot into another world war. JP Morgan CEO Jamie Dimon suggests, “World War III has already begun. You already have battles on the ground being coordinated in multiple countries,” highlighting the coordinated efforts of Russia, China, Iran, and North Korea.
We are at the beginning of World War 3. Just look at the history of the other world wars.–
Goldman Sachs Predicts $3,000 Gold in 2025
Amidst heightened economic and geopolitical tensions, Goldman Sachs recently forecasted gold prices to hit $3,000 in 2025, even compelling investors to “go for gold.” The banking giant joins a bevy of experts raising gold price predictions for next year (2025). Sachs analysts pointed to expected rate cuts, deteriorating geopolitical conditions, and sustained central bank gold demand as key drivers of the yellow metal’s anticipated rise.
The gold market is not being driven by us. It’s being driven by the larger entities of the world. That’s why the gold price continues to rise.–
Surging Debt Hurts US Strength
Following both previous world wars, the United States emerged more powerful economically, geopolitically, and militarily. However, the wild card in today’s climate is the staggering U.S. national debt. This $36 trillion burden, which experts expect to grow by nearly $8 trillion under Trump, severely undermines America’s strength in a potential global conflict. Unfortunately, the never-ending printing-spending cycle is a feature of the country’s financial system, not a bug. Our financial elites have embraced the experiment of Modern Monetary Theory (MMT), which assumes that no debt is too high. If you’d like to learn more about how this misguided fiscal theory is driving our economy off a cliff, grab a free copy of our MMT Report.
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