Why Most Portfolios Are Still Wrong on Gold | Jeff Weniger

Jeff Weniger, Head of Equity Strategy at WisdomTree, joins Kitco News Anchor Jeremy Szafron to break down the extreme volatility in the precious metals market and explain why holding zero percent in gold is a massive portfolio risk. Weniger analyzes the lagged effect of Federal Reserve policy, noting that "Jay Powell gave a gift to precious metals" 19 months ago, and explains why that liquidity is still fueling risk assets today.The discussion covers the 78 percent surge in Chinese silver imports, the resilience of the consumer against $106 oil, and why the recent breakout in copper signals global economic expansion. Weniger also addresses the safe haven debate, pointing out how "Bitcoin decided to die on the vine during the two s and p selloffs" while physical gold proved its worth as a true portfolio diversifier.Recorded April 24 2026Follow Jeremy Szafron on X:@JeremySzafron ( https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow Jeff Weniger on X: @JeffWeniger (https://x.com/JeffWeniger)00:00 Metals Volatility Setup01:08 Silver Swings China Demand03:08 West vs East Metals Mindset03:48 Bitcoin vs Gold Diversifier05:09 ETF Flows Still Zero06:53 Fed Cuts Lagged Liquidity10:04 Yields Inflation Policy Path14:27 Gold Share Portfolio Risk17:48 Where Allocation Comes From19:52 Oil Shock Without Recession26:00 Dr Copper Expansion Signal26:41 Why Zero Metals Is Mistake29:58 Closing Thanks Subscribe#Gold #Silver #PreciousMetals #KitcoNews #Investing #Economy #FederalReserve #Bitcoin #Commodities #Macroeconomics #WealthManagement__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.