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Fitz-Gerald: Rally All About Ben

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    Keith Fitz-Gerald of Money Map Press on the current run up in stocks and gold.

  • Duration 3:08
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Let's -- -- the markets right now joining the company is Keith FitzGerald with money -- crafts.

-- we've got a four yeah -- for stocks recently.

And now we've got a nice run up in the price of gold so last year -- invest.

What's more attractive to you more money into stocks -- more money into gold.

That depends on how you define more and money personally I think you've got to own both and here's why.

If the government is going to go ahead and print trillions of dollars of money that we don't have and and saddle obligations against unborn -- Great great grandchildren basically at this point.

I think you need to own real assets including gold.

On the other hand the markets are addicted to -- stimulus that means that they're going to run if they get it so that's what you're seeing in the markets right now so anticipation.

Of an additional injection -- money printing which would -- the stock market give him a shot -- -- a shot in the -- and same thing with -- so I own both if you think -- -- gonna -- that's where you're coming from.

Absolutely and the question is -- we're gonna have to pay the piper somewhere down the line question is -- when he thirteenth when he fourteen I don't know what that's why gotta have both bases covered now but it's something analysts saying that this that the value for yeah -- -- Is a sign of a very early Romney rally.

What do you make of it.

I think that's a stretch there's a lot to be sorted out -- the structural finance of this company accident bears their country there's an embarrassment in this political process in that neither side can actually come to the table neither side has a political will power to actually do something about it.

Like get our fiscal house in order so I think in the -- any rally is a stretch so it's all about -- printing it's not politics is not -- Romney rally it's been printing -- of -- -- -- for -- -- that's -- -- from traders around the world it is is all about then is another big issue that we look at that.

Sixteen trillion dollars that will be out total national debt within a few days.

We're at 15982.

As of right now eighteen billion away from the sixteen trillion dollar -- Now we're paying a lot of attention to because that's a quite a milestone.

And it'll probably hit right in the middle -- the Republican Convention but that's politics that's debt.

You're an investor.

Do you cat that we hit sixteen trillion dollars does that make any difference what -- to you as an investor.

You.

Bet it does because someone online we're gonna have to pay for all this nonsense so what I'm looking at is.

Now the actual figure not to ruin everybody's day but if you look at Lawrence college -- and his work from Boston University the figures actually 222.

Trillion dollars that's that -- present value of unfunded liabilities we've already decided to pay ourselves so sixteen trillion surrounding air.

Will gets to me is the interest that would -- I looked it up from the treasury yesterday this yeah it will be 500 billion dollars in interest alone.

That's ten billion a week and a lot of it going overseas that's a form of foreign night last would do you.

I think it's disgusting is that this service -- the American public these guys need to get their act together.

Keith FitzGerald calling in now on camera that from what looks like a sunny Portland Oregon is that -- is that we room.

Beautiful day today here in Portland not revealing incredible RIK thanks a lot we'll see you again --

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