Navigating Turbulent Waters – Live with Peter Boockvar

Published on
August 7th, 2020
49 minutes

Technicals: The Other Side of the Gold Story – Live with Frank Cappelleri

Navigating Turbulent Waters – Live with Peter Boockvar

Live ·
Featuring Peter Boockvar

Published on: August 7th, 2020 • Duration: 49 minutes

Equity markets seem to be pricing in a full blown recovery. The Nasdaq has hit all time highs, while both the S&P 500 and Dow flirt with pre-COVID highs. However, sentiment, and the valuations they produce across the largest players in the market don’t necessarily tell us the whole story. Monetary and fiscal policy, as well as other markets such as bonds and FX tell a different story. One that perhaps does not include the happy ending that equities are pricing in. To understand these dynamics and what may lie ahead, we’ve invited Peter Boockvar, CIO of Bleakley Advisor Group and author of The Boock Report to sit down with Ed Harrison in this segment of Real Vision Live.


  • PU
    Peter U.
    8 August 2020 @ 17:33
    In the future, if a discussion or question includes precious metals, can we include bitcoin coincident to the discussion please? Thank you. .
    • AF
      Andre F.
      9 August 2020 @ 04:48
      I'm not in favour of what you're asking for. For me, what is important in a discussion about Gold are it's drivers, meaning the factors that affect whether gold will perform bullishly or lose price and perform bearishly. Gold's drivers should be the surrounding framework when discussing gold. Pairing Gold and BTC coin is a cheap and false dichotomy that became fashionable to engage in back circa 2016, I always found this pairing to be a baseless, sham sort of activity. I read your comment prior to watching the interview and was happy to have the accidental preview that BTC would not be mentioned or at least not in conjunction with Gold. I've been wondering why Gold is being bid up (outside of more buying than selling) and had hoped that a discussion on real yields for bonds would be part of Ed and Peter's exchange; they did not spend a long time on that aspect but Ed did, at least, bring that aspect up. For me, the pairings/framework around Gold that they did provide: real yields and an expectation of cost-push inflation, those pairings are real and useful pairings to a discussion on Gold, not bitcoin. Peter, why is it that you want bitcoin to be discussed in conjunction with gold?
    • PU
      Peter U.
      9 August 2020 @ 19:02
      Andre, if a discussion is going to ensue regarding "money" (e.g., store of value, medium of exchange) then gold (precious metals), the only form of money that has maintained these attributes over thousands of years, is going to be the focal point of the discussion. And when this topic unfolds in a RV interview, I also want to learn how bitcoin and or non sovereign digital currencies could possibly be an alternative form of hard money (not yet a believer in BC) like gold. I have reasoned through every iteration for BC's success as legit money (gold is already a proven success as legit "money" - store of value, medium of exchange) but I cannot get beyond the primary obstacle(s) to BC reaching the same success as gold . . . . it would be much easier for governments to render it an illegal form of exchange. Why would governments allow the loss of control of running deficits and controlling the debasement of the currency to repay to those deficits? I agree that this egregious deficits and monetary policy is/was the genesis behind the advent of BC of late(and I love it for that) but history shows that governments will not allow BC to stand IN THE END. In short, what I was requesting was the hope that someone smart would be able to prevent compelling arguments against my current "BC won't make it position".
    • PU
      Peter U.
      10 August 2020 @ 09:33
      present, not prevent
    • AF
      Andre F.
      14 August 2020 @ 08:15
      Thanks for the reply Peter, I see where you're coming from now. I myself am not a Bitcoin bull in any way shape or form. Your concern that it [bitcoin] might simply be rendered illegal is a real risk. Sounds like the sort of thing that would need it's own stand alone discussion/video. Of course, Bitcoin might fail even without government adversity. You may find the following of some use/interest (Bitcoin segment starts at ~40:40):
  • SS
    Stephen S.
    9 August 2020 @ 22:16
    Very well done, Peter! Thank you. Ed, you had good questions, but I wish you would ask them more succinctly.
  • CM
    Cory M.
    9 August 2020 @ 20:58
    I listened twice. So great.
  • AR
    Anthony R.
    9 August 2020 @ 18:21
    Boy, a thesis based on a 'vaccine'..... not compelling on a few levels. a) a Virus like this mutates and is inherently difficult to get a decent success rate for. b) folks will still get sick and die - and that will be used as a reason to continue every ongoing levels of 'shutdown'. The best path forward that doesn't require vaccines where they're skipping animal trials: - Pass blanket legal immunity to everyone/business in the country - you can't sue anyone for getting this unless they accost you and cough in your face.... - Let those who feel vulnerable self-quarantine... - Everyone else - get on with life and don't be stupid about it... The only people who will benefit from vaccines that don't work are big pharma and Bill Gates types with alternative agendas. Fuck them both.
    • PU
      Peter U.
      9 August 2020 @ 19:03
  • LH
    Leigh H.
    9 August 2020 @ 17:31
    This conversation gives "impromptu' a good name!
  • FD
    Frank D.
    9 August 2020 @ 15:10
    Outstanding interview, thank you.
  • DT
    David T.
    9 August 2020 @ 15:04
    Let see who is gonna be right on dollar. Interesting.
  • CM
    Cory M.
    8 August 2020 @ 20:23
    Peter is great! Clear and forward thinking. One of my faves.
  • DB
    Donna B.
    8 August 2020 @ 17:45
    Excellent interview with much information.
  • AA
    Aymman A.
    8 August 2020 @ 15:12
  • WM
    Will M.
    8 August 2020 @ 03:19
    Great conversation Ed / Peter! Second time today I heard a plug for oil related stocks and copper ( also Uranium) from a Resources Advisor. I think I will dip my toes in there now.