Ah, Ben, welcome, welcome, welcome. We are back. It's Market Mondays. You know how this works, man. Happy Monday. You should be tuned in. It's been a glorious one.
It's been a glorious one. A lot of news, a lot of things that we have talked about over the course of the past five years are coming to fruition.
Yeah, it's playing out exactly how we thought it would, man.
Shout out to Eli Liy in Africa. I see you, my boy.
Oh, yeah. Yeah. Wait, wait, wait till you see the new adventure that EIL has taken us on.
We went by land, by water. It's been a pretty adventurous ride.
100%. But yeah, shout out to everybody out there. Market Mondays, we back. We live. We got a lot to talk about. Myself and Troy, we currently are in Africa. We in Guinea.
Yeah. Conakry, the Republic of Guinea. So shout out to all the good people of Guinea. Tremendous hospitality has been shown to us thus far. So yeah, any time that we on the continent, it's always good vibes. This has been no short of that. So want to say thank you to all the good people of Guinea, all the government officials that we've been able to connect with.
Show me your French as you've been learning, man.
Yeah. Merci beaucoup at all times, man. You know, got to be grateful. Gratitude is a sign of appreciation that needs to be said at all times. So yeah. Thank you. Merci beaucoup for sure. But we got a lot to talk about, man.
We got a lot to talk about. And on this episode, we gonna give you guys a surprise. InvestFest, that legendary conversation that we had with Jack Dorsey. We gonna air that on the second half of this episode. So have your pens and pads ready for that. But a lot going on in the market as I'm sure you guys are aware of. So we're not going to waste too much time. We gonna get right into it. We do have an episode of Blackout that's coming out at 10:00 Eastern Standard Time on Wednesday.
A lot of people enjoyed the episode that we had last week that covered a lot of topics.
So this week, we got Trump's invasion of Chicago. We got a lot to talk about again, let alone the things that we have uncovered, unpacked, and been educated on here.
The history buff that he is, y'all in for a treat because I know you going to pack that into the episode, man. We've seen a lot and learned a lot in the course of the past four days, man.
So make sure y'all got your pen and pad out for that.
Yeah, for sure. So we going to talk about it. And then Thursday at six o'clock, staying on the Africa theme, we got the conversation that we did a while ago in Rwanda with the good brother Lu Alen.
And the president of the BAL, the African Basketball League, which is the NBA's African branch. We spoke to them about BAL, about Africa, about sports on the continent. A lot of great conversations. So tune in six o'clock. International conversation.
Yes, sir. And yeah, Ian, any announcements?
Yes, if you want to get rich from the market, go to Ianvest.com. If you want to know where to get in, where to get out, prices are in Kajabi for the month of October. I added four additional stocks as well. Three different prices: the load the boat price, swing trade price, and quick entry. If I made you money, please put yes in chat. Stock club call will be this Sunday at 5:00 pm Central. Again, replay from yesterday's call will be out Tuesday at 5:00 pm Central. And tune in to Blackout. We are going back into that, not conspiratorial because it's been confirmed, but it was a lot of pushback on the AirPod conversation. Listen, you can push back all you want to. The data is clear.
The evidence is clear. Shout out to all the ear, nose, throat specialists that reached out. Thank you for bringing awareness to this topic. So tune in to Blackout. And I love y'all. Let's have an amazing show.
Absolutely. Hey, listen. Let me tell you something about these AirPods, though. Y'all probably see me out here wearing the AirPods even after the episode. That translation game is definitely a game changer. Being able to bridge the language barrier of the everyday person is a game changer. So we're in meetings, I'm able to understand what they're saying. I'm able to transcribe in real time and have real live feedback. So that is a game changer. I was watching the episode obviously, but they got something there and this is just the first iteration of it. So I'm interested to see how far they go with it. The AirPod thing went viral twice actually because on Ian's page, Ian posted it originally and it got 17,000 shares.
Shout out to the team to make it easier to send that invoice.
Thank you. And then on the Earn Your Leisure page, we posted it and it got shared 53,000 times.
Gang gang. Let me borrow some followers.
So it's been shared a lot. So you don't have any concerns about wearing AirPods?
I have concerns. I'm just saying from a risk to reward ratio.
Since I've witnessed it firsthand, sitting in a meeting, being able to understand French, being able to respond in English, and then reading French and reading back, I'm not missing anything. It is transcribing to a T. It is super effective in that way. Obviously, if we're watching entertainment, that's one thing. But you ever watch the UN when they put headphones in?
Right. Obviously they're wired, but that's where the technology comes from. You have all these countries coming to speak in front of the world stage but different languages every other hour. And so that's how that translation works. So you can see now this has happened to the everyday folk. I was sitting down with a woman from Burkina Faso and she was amazed. She couldn't believe I understood what she was saying, her story. She said that we would have sat here for probably an hour and not had any conversation, let alone have one about her life story, her business, her children, how she's an entrepreneur. It's incredible. So there is no excuse now. You can bridge that gap of language which has intentionally been done on the continent. We spoke about this plenty of times. If you look at the history of Africa and you look who's colonized and where they've colonized, it's English, it's French. These languages, even in tribes, they've taken languages from people and there was no way to communicate. That time is coming to an end. And hopefully technology can eradicate that.
Tim Cook, wired version, please. I'm not going to lie, I got tempted to buy them, but after the episode, I can't be a hypocrite and go buy the AirPod 3s. But I may just put my Meta glasses on the table and let it do the same thing.
That's the one thing I wish I would have brought. I forgot those. I wish I would have brought the glasses.
Yeah. But I did use the spatial on the 17. So I'll put some videos up so people can see what that looks like.
Oh, we got to do our disclaimer. So you know how this works, man. Do your own research. Our content is intended to be used and must be used for informational purposes only. It's very important to do your own analysis before making any investment decision based on your own personal circumstances. You should take independent financial advice from a professional in connection with or independently research and verify any information that you find on our show and wish to use for the purpose of making an investment decision or otherwise. Continue to do the research, share the research. Shout out to all my people in ELU that pulled up to our class on Thursday. It was a crazy class. We went a little overtime. Yo, Ian, I'm waiting for the invite, man. I want to come to a stock club call.
Oh, can I come to one in October? No, we gonna make that happen for sure. Bet. Let's do it.
Tim Cook chilling off the passport, bros. So I ain't gonna hold you.
The number of people who messaged me like, 'Yo, you over in Mexico right now. You don't have an AirPod.' Nope. Sticking true. But the passport, bros.
Yeah. It's good for a one-on-one conversation. If there are many people, then it picks up everybody talking. But if you're directly talking to somebody, it works really well at all times. All right, let's get into it. Let's not waste any time. Let's get right to what's really been trending. We'll start with gold.
Gold's at nearly an all-time high and it's been reaching. I saw some stat the other day where gold has actually outperformed the NASDAQ over the last year to date. And once again, we talked about gold before the election when Mike Novogratz, that was one of his things that he was real big on before the election. He was just saying that he thought that gold and Bitcoin were the two assets to hold because of the volatility in the government. And then with the government shutdown, we going to talk about a little later as far as Bitcoin breaking new levels. But gold has been doing well for a very long period of time and that's a safe haven for people that don't believe in central currencies. So gold, is this something that's going to continue to go up over the course of time?
Absolutely. You have two types of investors. You have risk-on investors which are pro AI, pro crypto, pro technology, and then you have pro hedge investors. And in this case, both are right. We're going to talk later if this era is mirroring 1999 and 2000. But the thing that's really important is when you own asset classes, you want them to hedge against each other. Gold is the ultimate hedge that ends up outperforming a lot of classes as you just mentioned. And I don't see this pulling back anytime soon. I know it's outside of a normal range if you look at a multi-quarter range, but I think possibly by end of year we could even be at 3,920 on gold. There are inherent risks in the market that people aren't talking about. I know IWM is up. I know the Nikkei was up because of the prime minister being elected or selected. But I think too many people have risk on and no hedge. So if the market does tank, I think gold will still continue to climb. One of the best investments and best assets of all time if you look at it from since inception, and it's not going to slow down anytime soon. So yes, gold will continue to climb higher.
I agree with you. I'll take the other position in a standpoint of what would cause it to have a retracement, right? Especially with government uncertainty, we're not going to, there was supposed to be a jobs report last week. We didn't get it. Fed policy, we're not getting it since there's a lockdown. Is there something I don't even know if it's in the near future, but at some point that would cause a sharp retracement.
Yeah. From 2010 through 2015, there was printing of money, quantitative easing, and that money flowing around. So unless they print it the way they did in 2008, 2009, and that money circulates, that would be the only thing to take some of the capital off. Because now if interest rates go to zero, it's risk on for every asset. Meme stocks, crypto, tech, Russell 2000, Russell 1000, S&P 400, it's all bets on, all money in. Shot the net, rest in peace. But unless we have that kind of money flowing worldwide, there's no reason to take a short against gold because some people are starting to say gold is overvalued, hitting certain levels on RSI. But if you don't know the macroeconomic environment, I don't think the United States or even China is in a position to print money how they did in 2008-2009 or 2020 as a result. And for that reason, I'll stay long on gold.
Yeah. I mean, the money printing during COVID was even higher than that. And so now, I'm with you, bro. I think it still appreciates. I just wonder if there is something like a Fed policy that changes. Obviously, we know the expectation is that interest rates will continue to fall. I don't think we'll get to zero anytime soon or if we ever will. But that piece is like yes, this is a hedge that we should be in. Just a thought though. Going back to Ray Dalio's conversation, shout out to Ray. You want an all-weather portfolio. I don't agree with the assessment of the public all-weather portfolio versus what is done privately at that firm is different, but gold is a good cornerstone investment for sure. But I don't think unless interest rates go back to 1% or 0% and money is printed that gold is going to fall apart. And once again, if Novogratz is bold enough and loving enough to tell you this is what's going to happen and this is what I'm investing in, why not just listen to what he's saying? He's not just talking his book. He's giving you the playbook ahead of time.
Just follow what he's saying as well.
I think the golden rule is we follow the money. The tea leaves are left for you. Follow the path.
We have a tough time in this space when you're learning things on your own and you kind of think, well I should follow it, but you go against your intuition. Sometimes it's painted for you, it's right in front of you, you just got to follow the path and stop being hard-headed.
I will be a disciplined investor.
Thank you. Put yes in chat. Or you deserve to be broke. You pick. You don't even need the book. You deserve to be broke if you don't listen.
Up to you. That's a fact at all times. And gold, we are in one of the major hubs of gold right now in Guinea. A lot of people are not even familiar with the country, never heard of it before, but the country has a population of 12 million people. So it's a relatively small country. But the UAE, they have a flight, Emirates, and it flies two times a week from here to the UAE. And the plane is a cargo plane that's loaded with gold, two trips every single week full of gold to Dubai.
Think about that. Twice a week. Every week.
The real transfer fee. And that's the gold that they can account for.
There are other minerals that they are shipping that might contain gold inside of it just because of the refining process that hasn't been online yet. There might be gold that's going through other minerals as well.
And for commodities, a good exercise is to look at a 50-year historical chart just to see what the overall trend is. There's a reason why that plane is going in and out and we have such a robust storage of it at Fort Knox. So hope for the long term, but the 50-year chart on commodities will tell you the real tale.
100 flights of gold a year.
100 flights a year. You figure twice a week.
And then that's where Alvin was talking to me. He was like, if they doing that, then Ghana got to have at least five because he said Ghana has way more gold than this country has.
That's why they called the Gold Coast.
They called the Gold Coast for a reason. So much I want to say but I don't want to go into my tough calls and kick Candace on his back. The crazy part is when you just tell the truth, it's way better than any fiction.
It feels almost unbelievable when it's happening right in front of our eyes.
And how long has it been happening?
See, calculate the cost of fuel for those flights and what kind of return matrix they're looking to get off that.
Interesting. I mean, gold was at 52 in 2007. It's at 3,600 now. And then if we hit a rut in 2027 and 2028, gold probably, oh my god, it will be in the 5,500 range. So interesting to say the least.
Okay, let's get into the big story of today, which is AMD. AMD went up 27% in the morning fueled by news of an OpenAI partnership, a 10% stake. And that led to a frenzy in the stock market. Anybody that had AMD options obviously looked at their portfolio. I texted Dave Shans today. He was like, 'Damn, that's crazy.' Because if you watch Market Mondays, you saw that Dave Shans invested in AMD options a few months ago. So I know that's something that you, we posted it actually on Instagram. That was one of your stock picks, Troy, at the beginning of the year or last year. You thought AMD. So talk about AMD.
Yeah. It was kind of encompassed in the clip where we were talking about Nvidia being obviously the leader of the space when it comes to GPUs and who that number two player was going to be. And sometimes in business it's okay to be number two, and it was for this reason. When we think about Nvidia, every time we talk about it, we're talking about another Magnificent 7 company that is acquiring its chips. Because of the price point, it kind of alienates some of the audience. So when Meta buys millions of chips for its data centers, when Amazon is buying, when Microsoft is buying, obviously through OpenAI, you're talking about millions and millions. I think one of the key pieces of what was said from the president of OpenAI, he said this is so core to our mission. If we really want to be able to scale to reach all of humanity, this is what we have to do in regards to the partnership. And so when he says all of humanity, he's no longer talking about just corporate accounts and big Magnificent 7 companies. He's saying we need to have enough GPUs to make sure that everyone on the planet can use our service. Now, if you just look at the cap table of how much that would cost, and we'll break down how this is a circular economy. This is really a circular economy.
Can we use the real word later or no?
We can use the word circular economy because that's exactly what this is. This is exactly what this is.
Hey, we have infrastructure, right? Oracle, we have connectivity broken from Nvidia.
Nvidia, and the more we make and the more demand, all those things will start working together.
Now we need to make sure that we have enough bandwidth. We need to have enough hardware so that everyone can use it. So I think, what do they have, like over 800 million users now for ChatGPT?
Yeah, you're approaching the billion mark. That's only going to increase with the amount of people that are actually becoming more familiar with it. We talk about it, we use it every day. There's still people who don't have the app downloaded. That's going to change in the next two to three years. So the demand is going to be even higher. So they need to have more GPUs at a price point that can be sustainable for their growth, which is why the 10% stake inside of AMD, the number two player, makes a lot of sense for them. But what they actually did was a warrant. So if you're not familiar with what a warrant is, it's like an option in a sense. They have the right, not the obligation, to buy or own the shares of AMD at a certain price point. They didn't disclose it yet, but that's what this is. It makes perfect sense. So Nvidia is a partner. AMD is now under their ownership, 10% stake. This is just going to keep going in a cycle. This is why you got to follow and track the money because it'll lead you right to where everything's evident.
Yeah. I know we've been talking a lot about circular investments and circular deals, but I want to frame it, Troy, don't worry, as an indestructible technological moat. So AMD has been a pick in stock club for six years. Nvidia took the helm, OpenAI. Like, don't you love when the babies get along and just bring the technological and financial vibe to you? This partnership ensures the safety of that sector being AI and the safety of OpenAI as they start to become public. Nvidia of course took a different route. They paid OpenAI. AMD issued a warrant so that way you're covered on both ends. That's even a hedge in itself. And then like you said with Oracle being in that infrastructure, it sets them up to be the leader not only in AI but potentially in quantum, having all those assets in line. The thing that I do like about OpenAI, it reminds me when he said that it reminds me of Bill Gates, I want a PC in every home in the world. I think OpenAI has a very good chance to touch or have a touch point to every user on earth, and they did an amazing job with the rollout of Sora as well. So on every front, enterprise, eventually government, consumer, they're doing incredibly well. Job well done to AMD. And it helps that Lisa and Jensen are cousins. You can't leave your cousin out of the deal structure. So this is a technological moat that will not be destructed anytime soon.
Yeah. And we had an interesting call or class the other week when we talked about energy, and OpenAI is going to deploy six gigawatts of AMD's GPUs. Six gigawatts, that's the size that could power Los Angeles. That's how much energy is going to be needed. I'm going to break this down because I wrote it. I was like I got to explain this, but I got to write it down. So here's how this circular economy, Ian, this moat, we'll say moat, works. Nvidia last week, OpenAI announced that partnership, and it was big news. We saw it was a hundred billion dollars. So Nvidia, we broke that down, if they help build those data centers, a one gigawatt data center could cost up to 50 billion to get online. 25 to 30 billion of that is going to go just to the GPUs through the infrastructure. So Nvidia is helping provide hardware and they're providing capital for them to get that infrastructure up. AMD now comes on, they're providing hardware. So you got hardware with Nvidia, hardware with AMD, and then you got Broadcom stepping in as a supplier for interconnected systems. We talked about that's the role that they play, and they're huge in that. Obviously they have GPUs as well, but in connected systems is what they'll do. And then you got Oracle with Stargate that's going to provide data center operations and cloud leasing. Don't forget about the cloud. When we talked about those servers, we talked about AWS, we talked about Google, we talked about Azure with Microsoft. Oracle is going to provide that. So here's how this works. The better OpenAI does, the more it consumes infrastructure. The more infrastructure is built, the more demand can scale, the more hardware capacity, the more advanced AI becomes, creating more demand in turn.
Circular is the word. Also, on another lesson, this is how generational wealth looks and should work. I invest into your business, you invest into mine. Long-term partnership. Let's build a moat that cannot be advanced or encroached upon and make sure we protect each other at all cost. Like that aspect of it with Jensen and Lisa being family. Sam coming into the tech family. Larry Ellison, if you know about his lineage and how he's helping his sons, this is a master class in how to do long-term partnerships and a great onboarding for OpenAI for when the market potentially tanks in 2027 and 2028 for them to come on board. Is OpenAI the greatest startup in American history?
It's crazy you said that because I was just going to say that it has now passed SpaceX to have the largest valuation of any private company in history.
History. This rollout is, I haven't seen nothing this good since they rolled out 50 Cent and the Get Rich or Die Tryin' soundtrack.
The interesting thing is when they did the Nvidia call, the Nvidia announcement last week, a part of the interview, Sam Altman is saying that hey, we still have a bunch of announcements still to come this year. That was just last week.
Yeah. Last Friday, the valuation came out at 500. Now with this 10% stake in AMD, we're going way past 500 billion now.
Right. So at this point, I'm thinking he's in the running for maybe person of the year at this point with the amount of deals that he's done.
For sure. And the hardware hasn't even dropped yet.
Yeah, it's absolutely incredible.
No, for sure. We also got some insight on AMD earlier too, before last year, from a friend of ours.
Perhaps it's good to, well, we said it on Market Mondays.
Yeah, we said it. It's helpful to know what's coming down the pipeline.
Yeah, but that's part of it is doing the research, too. So even when a friend of ours said it, for me it felt like confirmation that the research was done, right? Like we're on the right path. Even now, I still get texts from people in the AI space like, 'Yo, bro, you're spot on.' So now it's even more conviction when we talk to the audience here because not only are we saying it, that's why I said Market Mondays, and I'm not just saying because we're here.
It has to be one of the greatest shows for investment ever.
Because the people that are watching it in these spaces are confirming it and saying, 'You know what, in fact, what you're saying is right. Here's some other things to look for.'
Yep. AI, banking, crypto, all sides of tech at Nvidia. But yeah, three-year price for AMD 366.79 and three-year price for Nvidia 305.44.
Yes, sir. And shout out to Dave Shans once again. Lunch on you when we got in on that call. So, man, you guys, EYL University, the options class, vitally important. If you in EYL University, take advantage of that because those options been going crazy. Obviously, if you see the market is at an all-time high, you know that the options are going to be pretty well positioned.
Yeah, a lot of those options have gone crazy over the last couple of months.
That's true. We saw MSTR hit 200 today. I mean, it's been a hell of a year, man.
Okay. Let's talk about Bitcoin before I forget. Detroit, Michigan, we will be in your area October 31st. Halloween.
10 o'clock in the morning. 10 o'clock on the wake up.
Hoops and Culture event. We will be there. We gonna be doing a book signing.
Yep. Book signing. You Deserve to Be Rich. So yeah. I think we gonna speak for a little bit maybe.
Yeah. Wayne State University. October 31st, man. Shout out to Michigan.
Shout out to the great state of Michigan, man. Always show us love every time we go out there. Let's talk about the next biggest story, which is Bitcoin.
So Bitcoin, if you've been watching, has been on a tear. It's been on a tear obviously since Donald Trump got elected, but really over the last couple of days with the government shutdown, that's helped it out a lot as well. And we see Bitcoin passing all-time highs and reaching $125,000, a key psychological mark that it had failed to break in the past. And JP Morgan put out a report that has actually devalued it, undervalued, and real price should be $160,000. So Bitcoin thrives as people lose confidence in central governments and people lose confidence in central currencies, and a government shutdown doesn't help to give confidence in either one of those. So you see that as inflation rises, as government spending continues to go up, as government debt continues to increase, as government instability continues to increase, Bitcoin's price continues to go up. That's helpful for Bitcoin and the cryptocurrency space in general, but we're talking about Bitcoin right now. I know I thought that Bitcoin was going to have a good year. It was actually my stock of the year.
Yeah, it definitely was that of MicroStrategy.
All-time high. Yeah, MicroStrategy's climbing back, too. So now Bitcoin's back on everybody's talking board.
Shame on them if it left it.
Yeah, it shouldn't have left.
Well, a lot of the crypto enthusiasts thought that Bitcoin was going to fall back. That was a lot of YouTube videos and a lot of Instagram pages as far as resistance levels. I saw everything from resistance levels to trends to timeline of traditional, they came up with all kinds of different theories. But a lot of people felt like it was going to fall back into a lower 100 range and even potentially go lower than 100, which could still happen. But right now it's done the opposite of that. It's actually moved forward, not backwards. So for all the Bitcoin enthusiasts, all the Bitcoin maxis, and we're going to talk to the biggest Bitcoin maxi in a little bit, what's the deal with Bitcoin?
Number one, I said it on the show, everyone who was calling for it to go to 85 or 80,000, it was not going to happen. There's a bunch of macro factors. Like you said, government instability. Debt is at the highest that it's ever been in consumer and enterprise levels. Debt to GDP is high. Warren Buffett indicator is at 200%. The value of the dollar which is falling so much this year. This is like and everyone is having uncertainty in the employment market. It's the one asset that you can look at as a token, no pun intended, token of safety to get high returns in an incredibly pessimistic marketplace. And someone asked me this past weekend, BlackRock has an ETF and part two to the Jones parked a lot of money into the ETF. And why hasn't Vanguard done the same? The prices went up so much that even now Vanguard, I don't know if it's public, I think so. Vanguard is coming out with an ETF at either end of this year or top of next year because they don't want to miss out on servicing their clients properly and then potentially losing them to BlackRock. So this trend is not going away. I think the next target that we should hit is 1331 to the upside and then probably by January or March of next year we should be at 154,516. But when the banks, institutions, governments, fund of funds are in an asset, now is not the time to short it. I mean, you can argue that Bitcoin and AI are the only two things that are keeping the market up. So, why are you shorting the asset that is driving the market higher? And I'm going to be honest, respectfully, humbly. I know y'all out the country. I just came from back out of the country, so I'm in peaceful vibes. And everyone doesn't have the same technicals. I'm going to toot my horn. I wanted the greatest ever to touch a chart. So, if I'm telling you it's not, then this Mike Novogratz. He told y'all 2020. Yo, you as a retail investor, you have hedge fund levels. We're nowhere near close going back to 85. If so, I'll be one of the first to call it. It's not going to happen anytime soon. If I made you money, please put yes in chat. A hell of a return from 20,000 when I called. Everybody say we're going to go there. Shout out to Chris Johnson gang. But Bitcoin probably won't slow down for the next two to three months for sure and stop shorting the assets that governments institutions have their balance sheet attached to.
