Don Durrett: When Gold Will Bottom | Going ‘Much Higher’ For Gold & Silver Miners

Stijn Schmitz welcomes Don Durrett to the show. Don Durrett is Author, Investor, and Founder of Goldstockdata.com. In this comprehensive interview, Durrett provides deep insights into the current economic landscape and his perspective on gold and silver investments. Durrett argues that the global economic system is fundamentally unsustainable, characterized by what he calls “voodoo economics” and modern monetary theory’s approach of continuous money printing. He believes the United States is trapped in a “doom loop” of increasing debt and economic challenges, which creates a compelling case for precious metals investments. Drawing from his two decades of investing experience, Durrett explains his investment philosophy using a pyramid approach. He recommends building a foundation with physical metals, then progressively adding ETFs, major mining companies, mid-tier producers, and finally high-risk exploration stocks. His current portfolio contains 165 stocks, with an expectation of generating a seven to ten-fold return. Durrett is particularly bullish on gold, projecting prices potentially reaching $7,000 and expecting the current bull market to continue through 2028. He anticipates a “fair trade” scenario where gold’s value crosses the S&P 500’s value, indicating a significant market transformation. His investment strategy focuses on finding stocks with exceptional leverage and potential, particularly those that could provide 20x returns at higher metal prices. Regarding the current market, Durrett sees significant opportunities in precious metals miners, especially those with potential for substantial growth. He’s not overly concerned with current production costs, instead focusing on a company’s potential valuation at higher gold and silver prices. He believes many investors and Wall Street are underestimating the potential of gold and silver mining companies. Through his website Goldstockdata.com, Durrett aims to provide investors with comprehensive data and educational resources to help them make informed investment decisions in the precious metals sector. Timestamps: 00:00:00 – Introduction 00:00:41 – Market Overview & Bull Case 00:03:29 – Economic History and Voodoo Economics 00:08:37 – MMT Origins and Doom Loop 00:11:32 – Current Correction Buy Opportunity 00:12:54 – Geopolitical War Impacts Analysis 00:25:45 – Fear Trade and Gold Targets 00:31:18 – Miners & Bull Markets 00:37:04 – Investment Approaches 00:41:44 – Pain Point and Diversification 00:48:35 – Royalty Companies Evaluation 00:51:23 – Goldstockdata.com Overview Guest Links: X: https://x.com/DonDurrett Website: https://www.goldstockdata.com Substack: https://dondurrett.substack.com Amazon Books: https://www.amazon.com.mx/How-Invest-Gold-Silver-Complete/dp/1427650241 Blog Posts: https://seekingalpha.com/author/don-durrett#regular_articles YouTube: https://www.youtube.com/user/Newager23 Don Durrett received an MBA from California State University Bakersfield in 1990. He has worked in IT-related positions for 20+ years. He has been a gold investor since 1991, with a focus on Junior Mining stocks since 2004. Realizing the value of investing in gold and silver and noticing the lack of available material for first-time investors, Don set out to provide information. First, he wrote a book, How to Invest in Gold & Silver: A Complete Guide with a Focus on Mining Stocks. He followed up the book with a website (www.goldstockdata.com) to provide data, tools, and analysis for gold and silver stock investors. His gold and silver mining stock newsletter is widely regarded as one of the best. He is a frequent guest on financial podcasts and a contributor to SeekingAlpha.com.