Daniel Ameduri: Will cash be WORTHLESS? Bitcoin just a GAMBLE? Market crash inevitable? Be prepared! david moadel welcome to looking at the markets with David Modell today I'm going to be speaking to my special guest mr Daniel imadori mr

Amadori has been in the financial industry for a long time and he is at future money trends with an S calm and we'll be talking about that today and mr Amadori is an expert in stocks commodities markets and everything finance or at least almost everything finance huh so mr Amadori thank you so much for joining me today on looking at the markets looking forward to the show yeah what I'm looking forward to this as well so I just want to start at the beginning just to get a feel for your background if you could tell me how he first started and got started in finance and investing I I mean it goes back to when I was a child I was always had the entrepreneurial spirit and even going back to to kindergarten I would get in trouble at school for underselling a teacher on pencils and then I would get in trouble for my mom for emptying up the garage and going door-to-door to try to sell things and then as a teenager I am I started reading a lot of books would enjoy reading anything about personal finance at Barnes & Noble or Borders bookstore and then I got lucky I ran into a mentor by chance and he was somebody who was very successful real estate investor and a business builder and that's where I started to learn more and more about it and I really hit the ground running as far as my adult career in finance I purchased my first rental property about three or four months out of high school and never looked back I just kept buying properties I did invest in the stock market early on and also when I was 16 actually to go back before I was even officially an adult I had made a small investment to become part owner in a gym so I I just this is always something that I was fascinated with and just thoroughly enjoyed yeah that's a great start and you know I go moving ahead a little bit I've read on your website futuremoneytrendscom which the link is going to be in the description everybody should check that out you've had a youtube channel for a long time very popular and back in 2007 you were warning people about a coming market and mortgage collapse and of course we all know what happened in 2008 so that was you know that was really you were ahead of your time and are you seeing some of those same signs now in this seemingly choppy market yeah you know I I do see a lot of the same signs and a lot of us the big issues however the Fed and central planners globally have been able to extend and pretend this thing a lot longer than I think anybody thought they could have so though I'm not actively betting against the markets yet I would say I'm I would be putting on a proceed with caution because we are in the the everything bubble essentially where if you look at the stock market you look at the bond market you look at the housing market that's incredible I don't know if we've ever been in a situation like this where all three are are at extremes whether that's the housing bubble hasn't been this high since 2006 relative to income stock market hasn't been this high relative to the values of the companies and the in the yields the p/e ratios real p/e ratios since 2006 2007 and then the bond market of course is uh is just it's it's literally has no where rates have nowhere to go but up so this thing has been running for 36 37 years and you know many have crashed and burned trying to calling a top on this thing so I could go another 10 years but certainly there's no there's no sustainability to almost any of these markets you know I asked a lot of people that I interview if you're hypothetically speaking if your elderly grandparents asked you whether they should put their money into a 60/40 split of s py and TLT and just leave it there would you recommend that I mean I would recommend that for for anybody who's a senior citizen just because they might need their money in the next five to ten years and there is a good chance that both of those have some systemic risk some significant volatility I mean they might yeah might might both do well but it the volatility that could happen so I wouldn't recommend those for any old people to be perfectly ask you now to flip that around completely what I recommend the S&P 500 to a child sure why not because here's the thing even if they bought it overvalued I'm not gonna try to pretend that anyone can successfully time these things and when it comes down to it if I'm saving for a five-year-old or seven-year-old which is very relevant for me because that's exactly how old two of my kids are but the other ones three would you rather have a cash account or bonds for the child or a gold bar or would you rather have them have ownership in in a company like Google Apple Chipotle I mean these things are not really value plays at all but my point is is that I would rather own a company I would are their own shares of a company like coca-cola then shares of a bankrupted institution which is what happens when you own the US Federal Reserve Note you simply have a currency that is actively being defaulted on through inflation and could one day be absolutely defaulted on unlikely but it could be and if it's not it's gonna just that there'll be a further to fall through inflation or negative interest rates which are an absolute default with you when you're paying back the lender less that is a default by definition so that that would be the only people I'd recommend there's gonna be 500 to want to talk about futuremoneytrendscom I'm seeing so much amazing free content on here I see articles I see videos reports all kinds of great stuff what are the services you offer at future money trends for my trend we offer the it's a personal finance that digests so you basically get a lot of wealth ideas on how to how to grow your income how do how to position yourself for the new economy because we do see our economy in transition we do believe we're in a technical depression-era phase of the economy and it's a restructuring I don't know if it ends with a big crash or if it just transitions smoothly I don't know but either way I know it's changing the 1980s portfolio model is dead the 1960s model of go to go to college and get a job that's long gone so we're trying to prepare for the future completely letting go of the past and we also offer about one to two times a month specific stock suggestions in the micro-cap space we only recommend this is less than 10% of your portfolio these are speculations so they're high risk however it's something that we're using in addition to having a safe portfolio of income and wealth preserving assets we also want to have a few things that could potentially leapfrog our net worths hire and our net liquid assets much higher now I want to talk about hedging risk here you know you did allude to the possibility of you know market excuse me a market pullback which wouldn't be unreasonable but how should people be hedging I mean can we just ride out a market drawdown or should we be using other other means you know that I think the safest way to hedge against the stock market is to have a healthy cash position because if the stock market goes down and you have the cash to purchase a cheap share of a company you want it whether it's a gold company or a beer company or whatever it doesn't matter cash is probably the first hedge that people should have a healthy amount of cash now you could even be going into the bigger picture how do you hide yourself against cash and I think ultimately the true hedge the true crisis said the ultimate hedge on any financial asset is going to be physical gold and so you'll always want to start when you think about hedging you want a hedge for everything you buy gold it's an insurance that you hope never pays out because if gold goes to $15,000 or $50,000 like some people forecast it's gonna be very unfortunate for all of us because you're talking about a changed America forever we could be in a banana republic state we could be in a situation where there's there's a disruption civil chaos so look it's one of those things like hey I own fire insurance but I don't want my house to burn down so I own gold but I don't necessarily want gold of course I think gold fundamentally is in a bull market and it will go to two or three thousand dollars in the next five six years but I also don't want to see it really pay out as if that crisis hedge so that's the first hedge is gold I think you should have a healthy position of cash now when you get into other things like shorting markets or buying puts or buying the ETFs I wouldn't recommend that for people if you're if unless you're a sophisticated trader you're probably just gonna lose money doing that you know I enjoy sometimes when I buy let's say a gold mining stock an individual stock I am i I might buy the ETF that is short the sector because my individual stock will it'll beat the index by three to five times if it's a high-quality one but at the same point in time when it goes down I can I can make money from a short ETF so that's something that would be very basic if somebody wants to do but look ideally cash goal that's a great hedge and of course the ultimate you know another ultimate hedge I guess is just not getting yourself involved in things you don't understand that you don't have to be in anything right you know cash is king and there's nothing wrong you know cash is a position I always tell people that and waiting you know this game is won by the person who's the most patient that's how I look at it and so there's nothing wrong with holding cash now as far as gold and silver if I may ask a personal question are you a stacker yourself or do you go for the ETF's now III do prefer physical metal now it doesn't necessarily need night need I mean I need to deliver it to my home so I like vault storage I think you should diversify it I think you should have some in a neighboring country I think you should have some in a few friendly golden silk states which now offer vault storage and I also think you should pick a place like Switzerland and there's different places uh you know some of them like in Switzerland you have to have some pretty large minimums but in other places like Canada and certain parts of the US you can have very low minimums you can there's also other sites that like the gold money site called big gold or whatever it is there's different options now so I prefer making sure the metal you have it physically rather than the GLD if you can own the GLD then that that's a trade I don't really need it as a trade I'm using it for insurance so I wanted to talk about a super hot topic now of course crypto currencies Bitcoin personally I put out a video about a week and a half ago telling people that and of course this is not investment advice that we're giving in this video is it's not a recommendation to buy or sell anything but I told people about a week and a half ago that I am not buying Bitcoin I'm not buying cryptocurrency and since then Bitcoin has gone down substantially after a massive run-up what is your view on cryptocurrency investing for the long term well for the long term I think it's speculative and that's we profiled Bitcoin at 13 dollars in 2012 and we said that it could go to 50,000 by 2020 and it could go to a million by 2025 or it could go to zero that's an exact quote and I literally just put an email out I believe on Saturday or Sunday and I said that exact same thing I said look this thing could go to zero it could go to a hundred thousand I don't know where it's going so I do own some Bitcoin I certainly wouldn't you know be very you know people should not be entering into a position when it's when it's at a euphoric state when everybody's very excited but one thing I can say about the crypto currencies is is a real economy that's growing out there and this is in 2012 when I went to a conference that's when I walked away realizing that this was this was bigger than just a speculative you know crapshoot this wasn't just a gamble there was something this because there were very very smart entrepreneurs very smart people in there building an economy so people could could spend these things since people could use these things still very early though so look every penny you put into that everyone should expect that you could you could lose it all could lose it all so don't put a single dime in it unless you're willing to take that kind of risk because this is extreme speculation now it could work out for everybody and I wish everybody to the best but uh you know just be this be slow to be pretty honest – III would disclose that I buy Bitcoin and I buy a tharam every single day now it's a very small amount very small amount but I have it set up to advise it every single day and actually it's kind of a lazy thing I do because I don't really stare at the screen at tickers and stuff but what I do it for is because I like getting hit with the message every day and it kind of reminds me – if there's a big crash let's say it went to $1,000 I would be a buyer of Bitcoin for my personal portfolio now my speculation risk is probably has a higher tolerance especially with the cash I'm using so anyway that's my thoughts I think the cryptocurrency thing is is Internet 2

0 when it comes to the blockchain as far as it will it be a currency I don't know maybe one last thing on that in the us everybody needs to understand that when you get a crypto currency it's pure it's a pure luxury and it's a pure speculation people who are buying it in China and Korea and Zimbabwe they have no choice there is no alternative if they they some of them can buy gold like I was talking to somebody in India but it's not easily transferable they not there buy Bitcoin for a whole different reason when you and you're sitting here and for in the West and your AC and you're buying Bitcoin you're buying it because your gamble the guys in China and India and all these other countries they're buying it because they are in desperate need of a currency the government doesn't control that's really interesting to me so Bitcoin as a lotto play a very small percentage of one's portfolio it sounds like you're not against it I'm not against that either what what about other Kryptos aetherium ripple dogecoin litecoin can we get in on the ground floors or is it too late you think but for sure it's too late to get into the altcoin boom now you'd have to get into a new one right when you Bitcoin will have another big run here in the media right so we saw it in 2013 I believe when it hit 1200 and then it went away for years right and then it just came back in last 3-4 months so that's when you're gonna get the biggest profit those are very hard it's equivalent to pump and dump so the if you're gonna buy a cryptocurrency I would recommend only two maybe three maybe like coin but really Bitcoin is is the is the is the granddaddy of them all and that is that is the one that I buy and I buy a tharam and the reason I buy a thorium is because one of my biggest hesitations when I first learned of cryptocurrency because I'm not a techy I'm not a software guy was that it wasn't backed by anybody and I would tell all these people who wanted me to you know go really hardcore on Bitcoin I said look if it was Amazon coin or Microsoft coin or Walmart coin I was like it would be easy for me to understand and trust and see how the older generation would adopt it well guess what a thorium it's back to say I know this is not gonna be popular with my audience and maybe not yours but it's backed by Goldman Sachs JP Morgan Microsoft okay there it is I mean look the oligarchs have chosen one of these coins so just like you know I'm pretty bloodied up from sometimes betting against the Fed in this case why why fight it I'm just gonna buy a little of thorium not much and you know here this is I've got Bitcoin what's the decentralized coin and then I've got a 3m which is the oligarch back coin let's see which one again I am gay I'm at the freakin roulette table with these things nothing wrong with gambling a little bit in life as long as you know ahead of time that this is money that you could afford to lose if it went to zero as you eluded to before and finally the dollar King dollar I'm looking at the UUP that's the ETF that I like to trade a chart here and it is down it looked like Jun might be the month that it would go up but it came crashing right back down and interestingly I just recently interviewed mr cliff high who referenced the idea that the dollar could actually become worthless in our lifetimes or close to it what are your thoughts on that well I think it'll absolutely become worthless in our lifetime that's there's no question in my mind in fact the currency usually has some sort of reset every four decades which this current reset were in or current reboot was about just over 40 years ago so you had the just to give people an idea you have had the cut on in the United States you've had the continental currency which suffered from hyperinflation and counterfeiting you've had hundreds of private currencies and state currencies you've had the greenback which was a Treasury issued currency in the 1860s that had no debt it was literally when they say print money it was just printing money that was it from the Treasury then you had the Federal Reserve Note that was gold backed where you could actually take gold to a bank or Sue's me a currency to a bank and get gold and the 30s you had the gold back currency that was only exclusive to sovereign nations sovereign central banks and then you in the 1971 you had we went to the Federal Reserve Note that is backed by nothing and that's what we're still under will it be reset absolutely I don't know if the dollar will go away maybe the name shape is still the same but it's a new dollar but you know the the fundamentals for the dollar are are horrible to be perfectly honest with you it's it's an old currency at this point it's an old fiat currency the debts that belong to the Federal Reserve and the National US debt who's the lender when excuse me the the borrower is has zero chance of paying back its its national debt has zero chance of paying for its obligations Illinois what's happening there that's the United States and it's the United States is in a much worse shape than than Illinois so I I don't know the timing of the dollar I'm not a dollar traitor so that's not my expertise do I hold a lot of dollars yes because right now that's the currency King it is the king and here's the thing that most dollar bears don't talk about is if you look at the other fiat currencies there they're an even worse shape think about it if you have a euro you don't even have an individual country to point to you basically have a basket and that's the second-most transact currency the Chinese you Rijn mb is not liquid to the point that you would need it the other currencies are extremely volatile so right now you have basically a bunch of horrible fiat currencies and the tallest midget in the room is the US dollar a dire warning and I'm glad you're here to tell us you know I've spoken to some of the greatest traders and investors in the world and the consensus is that we cannot be complacent with the currency with the fiat currency that we have now and I'm just hearing this this call over and over to to just you know be careful be careful you're we're always hedging and you know I really appreciate your time and your letting us know you know giving us these warnings that you know we cannot just sit on our sit on our hands we have to be careful so I recommend people go to futuremoneytrendscom check it out mr

Daniel Amadori has given me so much to think about today are you on social media or how else can people contact you best place to go is futuremoneytrendscom you can hit the contact us page I reply to all of them they'll eventually make it to me and then I also schedule phone calls with individuals that they if they have a you know a more in-depth or personalized question they want to ask me I'm also on Twitter I know the company has all the social sites but I'm usually I look Twitter or just send an email to futuremoneytrendscom that's fantastic and I can attest that mr Amadori is very personable and we'll get back to you and that's the kind of service that I think people are looking for that personalized service you know you're not just giving out trading signals or something like that you're really there to help people at futuremoneytrendscom mr

Daniel Amadori you know an interview that was maybe a little scary but people need a little scare in their lives right now I think to wake people up thank you so much for talking with me today you're welcome back anytime sir thanks for having me on thank you for watching please like comment and subscribe and I'll see you next time