Why Tech Stocks Are Blowing Up Now: Expert Reveals Bottom | Clem Chambers

Nothing is true anymore. Nothing's true anymore. >> Is crypto dead? >> Yeah. Give us a teaser for it. Are getting near their bottom. They're not there yet. They're getting close. And when they get close, >> Clem Chambers, founder of Newf, joins us once more. Clem. Um, may the markets be as hot as the weather where you're based right now. >> And, uh, [laughter] >> only mad dogs and Englishmen go out in the midday sun. The Italians don't care to. The French, they wouldn't dare to. In Monaco, the bankers go and very little work is done, but only mad dogs and Englishmen go out in the midday sun. >> I wonder if that's slowed down trading activity in Europe if [laughter] they >> For sure. For sure. >> That and summer vacation. Uh summer doldrums has um has not hit uh this side of the pond here. We have we've got a very volatile day on Friday. NASDAQ's down 1.2%. 2% the standard and pores down 1%. CLM the um semiconductors are selling off and I and I and I and I led with this a couple times this week because it's continuously selling off. The semiconductor index from VNC uh SMH index is down 20% since the middle of June. Uh meanwhile, Bitcoin's flat, gold is still around $4,000 and Treasury yields are up. It looks like there is a fear that interest rates are going up and uh due to the reignition of the Iran war, oil prices may continue. That seems to be the pivot over the last couple of weeks. Uh what's your read on current sentiment? >> Okay. Right. So, people don't get AI. They think it's all about large language models, which it isn't. And they're worried that China is going to give them away and Anthropic and all those guys are going to have a problem making any money. No, it isn't. AI is all about the equipment to run AI, which is all the way down from the LLMs right the way down to the bottom. Elon Musk didn't buy empty trillion zillion dollars worth of of Nvidas because he thinks the models are important. It's you got to have computers to run it and you know you go on chat GPT and you want I got to want to run the the smart model on this. Half an hour later you got an answer. >> Yeah. >> Well, if you had the hardware, it would be like that. It's all about the hardware. And that's where this is all going. So the chips and the and the CPUs and the hard drives and the and the air conditioning and the wires and the cables and the networks and the buildings >> that's going to go off off the dial. But people are still thinking it's all about how much um Open AI is worth and how much anthropic is worth. Funny enough, guess who's licensing all the hardware for trillions and zillions off Elon because it's all about that. And you know, you can't buy Anthropic, you can't buy Open II, but you can buy Ulip Packard, you can buy Cisco, you can buy the hardware guys, you can buy the hard disk guys, you can buy the memory guys, you can buy the aircon guys, you can buy the shed guys, you can buy the copper guys, you can buy the transformer guys, the bulldozer guys, and you can buy Goldman Sachs who's going to be handing out fear to all these people to build this stuff out. So, you know, the penny will drop on that in a few weeks and it'll go >> probably September. I I've I've seen some commentary. Yeah, >> please. >> Gold and silver. People losing wars are selling their gold. Guess who that is? >> People losing wars. Oh boy, you're going to get me in trouble. Who's losing this war? I think we know. >> Well, I think there's a certain country, you know, that's got a lot of gold and mines a lot of gold that's having to sell it because they're not getting on very well and people keep blowing up their infrastructure. And then there's this funny little country in the Middle East who's, you know, got a pinch point on on super tankers that in the years time there won't be any going around there because no one will need them. And they've got gold and it's parked in Beijing because that's how they buy their their little motors for their paper planes that go blow up. Yeah. And so, you know, in if you lead up to war, gold goes that way. When you're in war, it goes that way because you got to spend the currency. You put the currency in your central bank because you think there's going to be one and then when you're in it, you have to sell it to buy stuff and it goes down, right? So, you got two big countries selling gold like crazy >> and put it under pressure, right? >> Yeah. Um, well, we talked about this a lot, how gold is for war. It doesn't seem to be that gold is for war this year now, does it? >> No, it absolutely does. Gold is for war. When you've got one, you're spending it. And if you you think you're going to have one, you're buying it. Gold is for war. We're going to have a war. We better buy gold. Up it goes. Oh, we're in a war. We better start selling it to buy stuff, you know, to buy those things that go bang. Yeah, we got to pay with it in gold. Gold goes down. Gold is for war. You buy it before you have one and you sell it when you've got one. Gold is for war. Okay. Well, what else is for war right now? Are you long oil? Oil is at $81. It's been on the It's been on the rebound ever since uh new oil tankers have been struck in the straight of Formoose. >> Well, look, I I listen to oil. I don't tell it what to do. He's not listening to me. And it's not up, is it really? So, what is that telling you? >> I You tell us. >> Well, I'm telling you it says no big hairy deal. >> Yeah. You can imagine gold at $200 a barrel cuz something really bad has happened. $80. It's inconvenient. It's inconvenient. That's what oil is telling you. Oh, this is inconvenient. Yeah. Go. Gold tells you something. Oil tells you something. Listen to the market. It tells you no big hairy deal. It's wrong. The market's so wrong. It should be five. You know, no. That's a gigantic market. It's just a gigantic market. is telling you that there's not a problem. Well, you can work out why there isn't a problem. And then you can say, "Oh, look at that. Oh, imagine what that all means." Or you can come up with your own theories. That's what speculation's about. So, what I would say is saying it's not a big hairy deal. Well, it could be. Obviously, things could transpire for it to be a big hairy deal. What? There's three things American can do. Run away. That would be inconvenient. Yeah. Invade. Oh, that'll be convenient. Siege. That works. So, you got a siege. Well, what happens in a siege? You cut off the guy you don't like and they wither and in a year's time that they're not going to need the straight of hormones or 18 months time. How how long does it take to lay loads of tubes from A to B? Yeah. when you're in a hurry, when there's a war on. >> Yeah. And then you don't need a straight of hormones, do you? And you just sit there and starve them out. That's what a siege is and that's what they're in. So people need to think about this is a siege. What happens next? How am I going to invest for there to be a siege? And and that's the dynamic right now. Well, you know, Iran can start throwing paper planes that go bang at all lots of people in the Middle East, but every time they do that, they're going to get landed on, aren't they? Big time. And before you know it, they're going to have not many paper planes to throw. I mean, I know people in Dubai and they say nothing. It's like nothing's happening. Yeah. So, you know, that's it becomes a norm. And when it's a norm, it's all over, isn't it? Nobody cares. And it's only that people care that that means that people care. But when people say, "Oh, you know, page three of the newspaper or whatever the modern equivalent is. Oh, yeah. Somebody dropped a dropped one of those things on something that went foo. We don't care." Well, We're halfway there already, aren't we? >> Before we continue with the video, let's talk about a company that's building serious gold leverage for the long term. Our sponsor today, Stellar Gold, is sitting on three major Canadian projects. Tower and Colomac are among the largest undeveloped gold sites in the country. The Tower project alone could be worth $2.5 billion after tax at a $3,200 gold price assumption. And if prices go higher, so does its value. Colum spans over 1,000 square kilmters of greenstone deposits and could be Canada's next big gold camp. They also have Holler Tailings, a cleanup project that could deliver near-term cash flow. Across all projects, they've drilled over 16 million ounces of gold, which would cost over $2 billion to replicate today. With a seasoned team, Stellar Gold is one company to watch. Scan the QR code here on screen or visit stellar gold.com/davidlin to learn more of the things that are off their highs. Gold coming down 30% from $5,500. Bitcoin down almost 50% from its highs. The semiconductor stocks down 20% as an aggregate uh from earlier in June. Um and MAG 7 stocks a lot of them three of them are down year to date. Of all the things that have corrected from their highs either earlier last octo uh last uh year in 2025 or earlier this year which do you think has the strongest chance of a rebound to new highs this year later this year? >> New highs. Well, there's no way that silver and gold are going to make new highs. Maybe might take 10 years for that. I mean, that happened >> 10 years for gold to retrace 5,500 again. >> Yeah, why not? Why? Why not? When the last time it made a high, how long did it take gold get to back get back to 800 after what 78 or whenever it was took the best? Well, well over a decade. >> Yeah. Yeah. >> I mean, why did it get there? It got there because there was going to be a thing with Taiwan. Well, if that if that gets back on again, it'll go real quick. But, you know, China, I think, worked out that all it has to do is do nothing and win. So, it's going to do nothing and win. Yeah. And so, you know, it's like China has, I don't know if you know this, 250% more electricity than America. >> Yeah. >> AI is electricity. If you're smarter than your opponent, you win. So, America's got to put on a lot of electricity. A hell of a lot of electricity. and it's trying to do it. It's working very hard to do it, but it's got to go all in. All China's got to do is nothing and win. So that's what we're seeing in the future. Now, America's going to go all in and that's going to be massive for the American economy. It has to be massive cuz if it isn't massive, that's all over, isn't it? So, if you back America then and it does what it needs to do, you're going to make a lot of money. If people get into power in America, they just say, "Oh, no. We don't care." You know, let them They're our friends. Let them take over. You know, we don't need to be the number one. Well, then it's all over, isn't it? And so, you have to come up with a different strategy. But I think America has gone all in. Europe is going to go all in and we're going to have this economic struggle and that's going to mean huge growth, large inflation, big growth, bubbles, boom, bubble busts. Yeah. And the technolog is out there to make amazing things happen. AI is out there, robotics out there, quantum is out there. Um, fusion is out there allegedly. Yeah. Any of that thing could could add a not to everything we're doing right now. Or, you know, so there's two Ns to be added. Robotics and AI. So, what do you want to be? You want to be short? I don't think so. You want to be passive? That's not a great idea. You got to be long. You got to be on the front foot, as the English would say when they play their obscure cricket game. You've got to be engaging trying to work out the thing that's going to in the next 10 years is going to go from 1 to 10. And that's not difficult in 10 years. You know, most people go, I want a five bagger this week. H not so easy. But, you know, picking your spot for what's going to be 10x in 10 years, that's where the money is and that's where the opportunity is and it's going to be inflationary, right? So it's going to be for pre good for precious metals but not like that like that. Yeah. And it's going to be good for people that are in the value chain for re-industrialization and AI. And there's, you know, lots of people out there which are at low values and fantastic names. Help Packard. I mean, you know, all that all those hard drive people that couldn't get arrested 18 months ago have all gone up 10x, right? Oh, what do they do? They make hard drives. Do they need hard drives? Oh, yeah. Do they need cables? Oh, yeah. Do they need air conod? Oh yeah. Do they need racks? Oh yeah. Do they need network? Oh yeah. Oh yeah. >> The the AI trait isn't slowing down, is it? Because one argument I've read uh going back to my comment earlier is that it just looks like the end user is a little more price conscious now which is why we're seeing a pullback in the semiconductor stocks. The basically the first line in the sand for the entire AI ecosystem. There's no limit to the demand of intelligence. People need to understand that. You come second, you're toast. There is no second place. They will boil the oceans. I keep saying this. I've been saying this for years. People are picking up on that phrase. They will boil the oceans. Yeah. So, what does that mean? Let me give you an example. You might find this bizarre. I know two people in their early 60s that are burning thousands of dollars of of AI tokens to build software that they could never do themselves because they had to go to third party kids on drugs with earrings that wouldn't deliver the software. Now they're writing it themselves and they're spending thousands because it is now the ability to write a website and a piece of code and an app is now within the range of a barely technical 65y old. Think about that. Think about the consequences of that >> right now. You put that in the hands of a highly competent programmer who's got a earring in his nose, doesn't smoke weed, and is is highly motivated. >> He's doing 20 times the code of a normal programmer. Well, you know, okay, so 10 of those programmers who are swinging the lead their whole lives are going to perish. But the other 10 are going to generate 100 times more software, 100 times more value. What does that do to your economy? It explodes it. And if you got a load of old old crumbly 60-year-olds like me suddenly writing the code they wanted to do all their lives, spending thousands cuz they don't care. Finally, they can actually get access to this technology. What does that do to your economy? >> Okay, speaking of the economy, perfect segway. economic outlook is worsening, says this article on CNBC. >> Despite a booming stock market improving inflation numbers, the public is depressed about the economy. Um, as depressed about the economy as it has been since the years just after the pandemic and increasingly concerned about the cost of everyday goods, according to an latest CNBC All-America economic survey, the result continued deeply negative approval numbers for President Trump. only a modest advantage for Democrats when it comes to the public's preference for control of Congress. The survey of 10,000 adults nationwide with a margin of error of plus or minus 3.1% found that 61% of the public is pessimistic about the current state of the economy. I I will say that 1,000 people do not represent a nation of over [snorts] I wouldn't care if it's a million, David. Look, fear is the mind killer. Yeah, believe that. and and be the be the the the rabbit in the headlights and get run over. >> Yeah. >> Yeah. Oh my god. Oh my god. I'm depressed. Oh, I'm gonna sit there and die. Yeah. Okay. If you want to be depressed and miserable, you want to sit there and and be a deer in the headlights. Yeah. Read social media. Read the media. It's doom. It's all over. It's finished. It's the end. We're all going to die. Yeah. Meanwhile, the young people are out there drinking and having fun and, you know, doing stupid stuff and and falling in love and all that good stuff. >> Yeah. Yeah. And having a good time. And there you are. You're 40. You're feeling a little bit disorientated. You're reading the media and you want to slit your wrists. Well, stop reading the media. >> Just crack on. There's never been a better time. Look what I studied a bit of history. Let's go back to 1915. What's your life expectancy? 47 years. Yeah, >> you have five kids, three are going to be dead, get an infection, you prick your finger on something a bit rusty, you get blood poison, you die, right? And now here we are living to 84 and moaning. And all our kids get to adulthood and we're moaning. Oh, I can't buy a house cuz I'm 25. Yeah [laughter] give me a break. You're going to live to 8. You're going to live to 90 rather than die at 45. Look at all the stars in the 60s. All the film stars. They didn't make it past 50. Yeah. So, yeah, be negative. Read all the social media. Get on Twitter and have a nervous breakdown. See how how how good that will do you. Yeah. Junk all that. Watch David and people that say good things are on the way cuz they are. This is the biggest thing to happen since the steam engine. Well, you can be a peasant. Go, oh my. Oh no, steam engines. Oh no, what we going to do? Oh, I don't like that. Oh, they're going to build a building near me. It's going to go buzz. Oh no. Or you can get on the wave. >> Yeah. Yeah. >> Or not get left behind by it. So there's the quick and the dead. David K-shaped economy. The active and the passive. The passive are toast. The active are going to do great. And they're watching your show because they need to have guidance to what they're going to do. Get on the bus. Get on the train. Get active. Never been a better time. >> There's a lot of fear on online, right? All right. I I just quoted a survey where people were feeling optimistic. 61% of adults surveyed. Okay. But but the stock market is still near all-time highs. The article opened with that correct statement. Is there a discrepancy between the market and the economy right now where do you think one leads the other and eventually they'll converge? >> Well, I mean I think if people feel things are really bad and terrible, if they stop looking at the media, they'll cheer up and they won't seem so bad. If you It's like ah it's it's a pestilence. Absolute pestilence. Yeah. You know, just pick five articles at random. What are they going to tell you? You're gonna get a disease. You're going to die. Somebody got killed. You know, don't fill your mind with terrible garbage. Don't put that in your brain. Don't put it in your mind. I mean, it's awful. Absolutely awful. Yeah. And of course, if you watch all that stuff, you will feel bad and you will be depressed and you will be pessimistic. And guess what? You will be crushed. >> Yeah. >> If you're optimistic. No pessimist ever got rich. Ever. Ever. Ever. Ever. And some people say never got poor. They bloody hell did. Yeah. You've got to be on your front foot. You got to be positive. This is a breakthrough situation. It's you're either the quick or the dead. Be the quick. It's all there to be had. is almost practically free your show which will give you all this fantastic comment from people that are really really really smart or like some doomsters but I mean you know people at the top of their game how many people are watching it David 40,000 if some cat falls down a well it'd be 5 million views right you've got to be in that cohort that's watching your show that are on their front foot they want to know the way out of the maze yeah because outside of the maze I tell you that the grass is What is the biggest structural shift for an investor in 2026 versus 5 years ago, let's say? >> Well, we're we're in this crazy revolutionary period. Before that, I mean, you know, it's a good point, right? So, 2008, it's the end of the world. Go long, stay long. How How did you do? H how how what was the media saying? Oh, it's going to be a crash. It's going to be a crash. Oh, it's a terrible world. Oh, it's going to be a crash. There's going to be another crash. Oh, there's more crashes coming. Oh, it's nearly going to be a crash. Somebody says there's going to be a crash. Yeah. And eight years later, not 8 years later, 18 years later, you're rich because you didn't read and believe any of that stuff. >> Yeah. >> Yeah. When was it wrong to be long? When was it wrong? When was it right to be a pessimist? When was it right to believe that the dollar was going to die? When was it right to believe that the American economy was finished? When was it right to believe that there was a crash coming? never and that's all you'd be reading. >> You know, I've been thinking, okay, how do investors get ahead in the age of AI? In the age where Claude or Chad GBT can be programmed to trade for you or at least provide automated trading trading uh signals? I mean, where's the edge for investors? Now, >> the edge is using it. The whole world's out there not using it. The whole world's out there watching soccer. The whole world's out there going down the beach. The whole world's out there watching social media and who's got the latest lip job, right? AI is brilliant. I mean, let me give you an example. Okay, I was in my horizontal desk at 6:30 morning. Over here in Monaco, and I saw this chart of of a recruitment company. It's the world's worst chart. It like that. I thought, what the devil's going on there? I went on to my AI and said, tell me all about that. Why has that gone down? And it said it's gone down because it's the end of the world and nobody wants their stuff anymore. Blah blah blah blah. Completely wrong of course. And I said who are who else are like that? And it gave me another two companies that were very very similar. I looked at the at the charts. They all correlated beautifully. And I thought well I'm going to sit there and wait for them to go sideways and when they start to tick up I'm going to bail in. >> Well funny enough 4 days later they went pop. So I bailed in. I'm 15% better off. It's a fantastic, you know, there's this genius that will give you the information you want. Just don't believe them. But it's it's the best research um assistant you could ever possibly want. And who's using it? Hardly anybody. Are they asking it stupid questions? Yes. Are they getting stupid answers? Yes. Are they asking it smart questions? No. It's there. [laughter] It's at your fingertips. I mean, h is anybody does anybody believe that? >> By the way, this is this is a remarkable I I I just need to get your reaction to this. Trump Media pitched $100,000 monthly fee for a fast feed of president's posts. >> Well, I'm going to tell you, >> J Powell would say that's not legal. >> Jay Powell would say that's not legal. Well, >> yeah. When they said blah blah blah blah blah blah blah, we can replace you, he said not legal. I mean, there's many things [laughter] that aren't legal about this, >> but it doesn't it doesn't matter, right? When the president can just pardon himself or other people um responsible. But take a look at this. Trump's social media company has discussed charging traders and investors as much as $100,000 a month for faster access to the US president's post on his true social platform. And by the way, the true social platform has been proven to move markets. So I I guess look, >> rule one. Rule one, David. Nothing is true anymore. Nothing's true anymore. You have to work out and get to the closest you can to what is true cuz it ain't on the internet. Nothing is true anymore. You have to use your critical faculties and all available tools to define what is closest to truth as you can. If you can get there, you'll make a lot of money because there's so much false stuff on the on in the flow these days. So many lies. It's almost hard to find anything that isn't. Yeah. Don't believe me for a minute. Yeah. I I'm not lying. I don't need to. But, you know, don't believe anything. You know, it it's just not not much is true. The truth is out there, but you've got to intersect it. You've got to be like Sherlock Holmes. You got to put the pieces together. So then tell us how to follow the news or gather information. You wake up and you do what? To educate yourself and inform yourself given that so much out there is like you said not true. Why are they saying it? You know, it's the it's the old Nixon thing, you know, follow the money. But why are they saying that? What's the point of that? Why are they saying that? Why why are people doing divide and conquer? What is divide and conquer? What? Who does divide and conquer? Why do they do divide and conquer? Why is are women socialist and men, you know, right-wing, which is not true, but why are they saying that? Why are the boomers the enemy when the young people are being put upon when it's not true? Why are they saying that? Why are they doing all these things? Not is it true, I believe it. Why is it said, right? And then peel it back. Why is it said and then who said it? And then trace it all back and you'll find all sorts of interesting What are the number one or two stories you're following right now for an investor for yourself? >> Well, I'm following the the AI thing cuz that's the big thing right now. Either America goes all in to compete or it surrenders. That's that's what I've traced back to the the key pivot. If America wants to remain America the number one guy on the block, he's got to get his skates on. It's got to go all in because it's it's it's it's been surpassed. It doesn't know it's been surpassed. No one's told it's been surpassed. But when the your adversary, which is an older enemy, but let's just say your your competitor has got 250% more energy than you. You got to get your skates on. So you get your skates on or you surrender. So that is the big enchilada. That's the whole enchila. So, is America going to keep its skates on or is it going to give up? You see, the Democrats seem to want to give up. And I can understand that socialists do because everyone's my friend. They're all my friend. Oh, the world community. Oh, my friend. They're all our friends, you know, apart from they're not, right? And the right-wing, well, they always want to punch up and that's not necessarily so good. But who's going to who's going to have the next 10 years? Well, if it's given up, you I'm going to have to make another plan. My money is on America competing and trying to get back its lost ground and that's going to be a massive economic event. Yeah, Europe's doing it as well. It's it's behind the power curve, but it's going to happen there, too. Right. So, if you think that's going to happen and they're going to go all in, which they I believe they will, you can afford to take lots of very interesting positions and ride that wave. Yeah. And if they're not, well, you might as well buy an apartment in Chile and and make arrangements. >> Right now, as we speak, gold's at 4,000. The S&P is at 7,400. Bitcoin's at 64,000. It looks like things are forming a base, at least gold and Bitcoin are precious metals, uh, you know, overall, but I'm just using gold as an example. Have have markets found a bottom today on the on the >> half thousand on gold? >> Three and a half thousand on gold. and and my my catchphrase at the moment is that's probably the roof of the basement. Yeah. So 35,000 and below that's that's where it gets spicy for me. I like that. I I would be buying some some ounces, some kilos under three and a half thousand. Silver under 50 bucks, 40 bucks. All of a sudden it it looks like I should be building a position. Maybe a two-year position. Maybe I should lay in a ton of silver over the next couple of years. Yeah, no hurry. It's not going to go like that. All the people that bought at 100 wanted to go back to where they got from and then when it gets back to under they sell. That's what the Muppets do, right? But anybody that got out when I said it was going to go down is thinking about when they're going to get in. Well, when are you going to get in? That's the question. Not am I going to get in. You're going to get in. But when are you going to get in? It's going to be 40ish, isn't it? under 50, over 30, and you want to acquire it over there, and it's gonna go like that, and it's gonna be boring for two years, and it's gonna go bang because that's what it does. Just look at history. >> It's not going to go zoom back up again. And gold, it's going to be three and a half thousand. Just look at the chart. >> You mentioned the AI trade is the number one thing you're following. How important right now is Iran for moving the needle on anything right now? CNBC article, oil tanker faces worst case scenario. Uh tanker after tanker are just getting hit. We see the reduction in the volume of transits through the street of Formus and right now crews of vessels are even more concerned than they were before. That's a bold statement. >> Words, words, words, words. Look at the numbers. Words. Words are not your friend. The numbers are your friend. Right? In fact, all the people that are going to be pushing back against AI are are word people. And because they notice that this is machine that can do words better than them and therefore their their game is up. Yeah. Words. Don't listen to words. Look at the numbers. >> Well, the numbers here at least nine ships have come under attack since July. [laughter] >> How many is that? That's naugh. Right. >> Right. I I I So So you're not you're looking at this and you're not terribly concerned about oil spiking again and that bring down the entire market. Like that's not a narrative you're following. Like the AI and Iran are separate. Yeah. >> If oil spiked, something is coming. It's not what I'd read in the press. Something is coming. When the price moves, it's what's going to happen, not what you're reading about. >> I see. >> And probably if if it's a if it's if it's acute, it might be coming in a few days or a few weeks. That is an interesting >> Yeah, that is that is an interesting remark that you just made because oil's at $81 and ever since the ceasefire in Iran was broken and they started lobbing missiles at each other again, oil has spiked up, but it hasn't gone back to $100. It's only moved from 70 to 80. Why hasn't it gone back to 100? It doesn't matter. It's simple. It really is Okam's razor. It doesn't matter. It's not a big deal. Yeah. I mean, you got you you can be contrarian. I can give you words, right? But just listen to the number. My words would be that how many how much can they throw at the rest of the Middle East right now? Not a lot. And every time they press a button and fire a couple of paper planes, they get landed on big time. 10x, right? Well, that's not sustainable for them, is it? >> That that that's that's that's just a terrorist action. It's not a war. So, I mean, I might be totally wrong. I don't know. I don't ring up Donald and ask him what the hell's going on. Yeah. The point is just look at the number. It's numbers. Numbers never lie. And if they do, you want to be out that game, right? The numbers, that is the sum total of what everybody knows from the top to the bottom. Yeah. And there it is. Now, if you if you want to speculate, you have to come up with a conclusion that is not in the number. So, you go, I you know, I believe they're going to invade because, you know, blah blahies. Well, yeah, that would change the number. Yeah. And you'll probably be wrong. But if you are a Trump whisperer or an Iran war whisperer or you've got a um, you know, brother-in-law who's looks through a satellite, then you've got an opportunity there. But generally, as people like us that sit here at the end of a of a screen having a load of media liars, yeah, you there's nothing you can do. You have to look beyond a time frame that is now. You have to look out past where people are looking and people are looking within a time frame, right? So you have to look beyond that. Generally, it's a year. >> Yeah. >> But but speaking of thematic changes, is crypto dead? >> 50/50. Look, crypto is all about being outside the system. Crypto is an anarchist vision of sticking it to the man. and his main use case is sticking it to the man, actually the little man, because it's all about stealing his stuff and running off with it. Every day there's another criminal that gets his crypto seized or another criminal that runs off with more money than any bank robber ever did. You you peel that away. What have you got? You haven't got much. Even Even your country's governance is mired by, you know, potentially very aromatic behavior in crypto, i.e., you know, the the Trump coin, etc., and all that good malarkey. Yeah. So it it it's it's gone from being a outlaw money to being part of the system. It's been embraced by Wall Street and all those vampires and they've got their teeth stuck in it. Well they they they don't push forward the anarchist dream of independent money. >> They just drain the pond, don't they? They just suck the blood out of the creature and let it die. So, you know, now it's inside the system, part of the system. Stable coins will be a thing. >> Okay. >> New use cases in crypto that is coming will be a thing because they've meant it made it not a federal offense to actually play with this stuff. That will come along and that will be massive. >> But the old stuff, >> I think you're going to find that the old stuff is going to dwindle because it's it's just not safe. It's not safe to have crypto. You get robbed. Everyone gets robbed all the time. I don't know anybody in the industry hasn't been robbed by with five or six figure sums. Sometimes >> I think I think anybody with a consider about a considerable amount of wealth is at risk of getting robbed or kidnapped these days. I don't I don't know if it's exclusively with just a crypto. [clears throat] >> Okay. >> Crypto is is is because if if you break into my place and you take my Vangoff >> Yeah. everybody knows what the Vangoff is. Everybody know it was stolen. You can't sell it. Yeah. Well, if you steal my crypto, it vanishes into the ether. ends up with Kim Jong-un who then washes it through Hong Kong and then it ends up somewhere, you know, else in Dubai and it ends pops up as gold and goes somewhere and and you can read what that that environment because it's in the in the crypto press every day, right? And and the American government are seizing hundreds of millions of this stuff because they found a way of getting at it. But it's not like being stuck up in the street by a guy who's on a camera. Yeah. and he takes your watch. But what's he going to do with the watch? It's it's not that at all. It's the anonymity of the theft. It's the frictionlessness of the theft. It's the immediiacy of the One of my mates got stuck up. They broke into his house and put a knife to his throat and and said, "Give me your crypto." And he said, "I haven't got any." >> He didn't get any cuz he haven't got any. But you know that because once they got it, it's gone. Yeah. Which you can't say that about much other robberies. You know, you got a million bucks in dollar bills. cuz you got a problem. How the hell are you going to get rid of them? Million dollars in crypto gone. >> Clem, let's uh wrap up now. By the way, Clem's a regular on the show. Please comment down below or write to us in the emails. I'll put my email in the description. H if you want to see uh Clem next time talk about any of your favorite asset classes, write to us to see to let us know what you like us to cover for our next interview with Clem. What would you like to talk about Clem next time? What's on your mind these days? >> What I'm going to say is this. Well, this is what on my mind now. >> Yeah, give us a teaser. Are getting near their bottom. They're not there yet. They're getting close. And when they get close, they're not going to do any crazy rally unless something weird happens. They're going to kind of tick along. And then anybody who's sensible will dollar cost average into it. They just build up a position slowly but surely. Not so they have to wake up at 3:00 a.m. in the morning to check the price. Yeah. So, they just build up a position. in a couple of years it will go mad and then they should sell. Now an AI yeah there's a people don't get it. People don't understand what it is. They think it's chat GPT when it's not. It's the infrastructure underneath AI that's massive because it's I mean if if you had had mined crypto you would get it. Not many people have. I mean, I used to have a wall full of crypto miners and it's a hardware play, a power and hardware play. Yeah. And there's no second place in intelligence. There's no natural limit to demand. And that the the actual models is going to be a rolling thunder forever and they're going to be getting better and better and ignore more infrastructure and that infrastructure is going to boil the oceans. So stake out the AI infrastructure as if you would stake out the internet infrastructure in 98 or in 2002 and just buil again build up your positions find out work out the chain of value. It goes all the way from the LLMs all the way down to Goldman Sachs. It's a big chain of value and that is gonna go nonlinear. Yeah. and pick your spot. And that's going to be a 10y year, maybe 20 years, like the internet, right? Oh, does crash. Well, if you'd bought Amazon in 1998, you'd be a very happy boy now. >> Yeah. And and likewise, if you bought Nvidia in 1990, whatever it was, you'd be a very happy boy now. >> And so on and so forth. Yeah. It's a longterm position that's going to be exponential, logarithmic, blah blah blah. Yeah. So now, don't watch tomorrow's news or next week's news. Find the positions for the next 10 years and state them out. Spread out a diversified portfolio of risk in AI and build it up. Don't watch the news. Just build it up. Diversified portfolio of AI infrastructure value chain. And in 10 years time, you'll be the smartest kid in your street. >> Mhm. Excellent. Thank you very much, Clem. We'll put the links down below so you can follow CLM on his social media and on his website. And I'll give you my email, of course. Write to me or let us know in the comments down below what you'd like to see next time. Take care, Clem. See you soon. >> See you soon. Bye now. >> Thank you for watching. Please do subscribe, like this video, and follow CLM. Links down below.