The Future Of Money Panel | Peter Schiff, Brent Johnson, Lawrence Lepard & Russ Gray

**SPEAKER_1** (0:00)
You're about to make a trade.

**SPEAKER_2** (0:02)
Which you do you listen to?

**SPEAKER_3** (0:03)
Is it get optioning those options?

**SPEAKER_2** (0:07)
Or let's do a little research. Learn more at finra.org/tradesmart.

**SPEAKER_4** (0:17)
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**Adam Taggart** (0:51)
Welcome to Thoughtful Money. I'm its founder and your host, Adam Taggart. As you can see, I'm still on the road here for the Thanksgiving vacation, but I wanted to bring you this very special report. Every year, I'm asked to chair the panel on the future of money at the New Orleans Investment Conference. I chaired it this year. As usual, fantastic faculty, highly enlightening, fiery debate, and the faculty this year was spectacular. It was Peter Schiff, it was Larry Lepard, it was Brent Johnson of Dollar Milkshake fame, and Russell Gray. Folks, I could tell you about how great it was, but probably just easier for me to show you.

**SPEAKER_3** (1:30)
Enjoy.

**SPEAKER_7** (1:33)
Now it's time for our future of money panel, and I'd like to introduce our moderator, Adam Taggart.

**Adam Taggart** (1:47)
For the Future of Money panel, I'd also like to give a big thanks to Brian and the team here for running their usual standard excellence show. If you have not attended a previous Future of Money panel, just know that it's known as sort of the barely controlled chaos panel. Due to the fireworks that we've seen in it over years past, and you'll understand in a second when I introduce the panelists here, I kind of think of it like hockey, right? You tell yourself you're there watching it because you're hoping for a good game, but really you're just looking for the fights. I think today will be no different there, but let me introduce our panelists and we'll get it started. Starting off is Peter Schiff, Chief Economist and Global Strategist of Euro-Pacific Asset Management. He's Chairman of Schiff Gold, Founder of the Schiff Sovereign Newsletter and host of Schiff Radio.
Next is Brent Johnson, CEO and Portfolio Manager of Santiago Capital and developer of the Dollar Milkshake Theory. Then we've got Lawrence Lepard, founder and managing partner at Equity Management Associates and author of this year's must-read book on sound money, titled The Big Print. And last but not least, we've got Russ Gray, founder of Main Street Media, the official media platform of the New Orleans Investment Conference this year.

**Lawrence Lepard** (3:19)
What's he got?

**SPEAKER_3** (3:22)
He's got a mystery package in there.

**Peter Schiff** (3:24)
What did you bring?

**Russ Gray** (3:25)
Well, you know, last year we had a little drama. So I thought that if it got nasty, you guys could have it out. Remember this?

**Adam Taggart** (3:36)
Is that Rock'em Sock'em Robots?

**Lawrence Lepard** (3:38)
That's a great game.

**Russ Gray** (3:40)
Rock'em Sock'em Robots. So this is the bullion bruiser. Over here, in the right corner, the bullion bruiser and over here, the Bitcoin bruiser. So if it starts to get heated, they're going to get after it.
All right.

**Adam Taggart** (3:58)
All right, gentlemen. Well, look, lots to talk about this year. It's been a record year for the precious metals. Even despite, you know, the correction they've had recently, gold is still up over 50% for the year and silver's up over 60% for the year. And gentlemen, I actually had inside knowledge that it was going to be a great year for the precious metals because leaving this conference after last year's fisticuffs, I was back at the airport in New Orleans, flying back home. And I was there in the baggage check line, and I was standing next to this really delightful older couple. And we got to chatting. And as they were moving their bag to check it in, the bag fell over and some of the presents they had brought with them spilled out. And I was helping them put the gifts back in the bag. And as I looked in the bag, I realized this bag was like infinitely deep. It had infinite gifts in it. And as I looked at the couple and, you know, kind of clicked, the guy had a long white beard, kind of a big belly. And I said, are you Santa Claus? And he said, yeah, yeah, I am. You know, my wife and I like to come down and have a little bit of fun here, blow off some steam before things get real busy at the poll, you know, during December. But, you know, do me a solid, please. Don't let anybody else know. We're trying to keep it on the down low.