Wealthion - Be Financially Resilient

Roughly six vessels moved through the Strait of Hormuz in a day, down from 130 to 140 before the war, and Art Berman says Persian Gulf oil production is down about 10 million barrels a day. His case: this is a bigger supply shock than COVID, and markets are barely pricing it. Geologist and energy consultant Art Berman returns to Wealthion with Maggie Lake to explain why the oil market looks calm on the surface while the plumbing underneath has changed dramatically. He argues the ceasefire optimism is misplaced, that markets are not wrong so much as focused on the wrong part of the system, and that the real story sits in upstream production, not tanker traffic through the Strait of Hormuz. What Berman covers: - Why Hormuz flows may not return to even half of pre-war levels before the middle of 2027 - Why markets are not getting it wrong, and what the shift in the futures curve is really signaling - How the oil market always clears, and why demand reduction is the ultimate default - Upstream, midstream and downstream: the distinction most headlines miss - The figure almost no one is discussing: Persian Gulf production down around 10 million barrels a day - Why, by one measure, this is a larger supply shock than COVID Chapters: 00:00 Art Berman: The Energy Order Is Breaking 00:54 Strait of Hormuz Crisis: Why Conditions Are Getting Worse 03:57 Oil Markets, Iran and the Risk Investors Are Pricing 10:05 Why Demand Destruction Becomes the Ultimate Solution 13:18 10 Million Barrels a Day of Oil Production Shut In 16:24 Oil Stocks vs. Flows: What Investors Are Missing 22:09 Hormuz, Panama Canal & the New Geopolitics of Choke Points 27:18 Why a Middle East Deal Won’t Quickly Restore Oil Flows 30:21 Why Shut-In Oil Production May Never Fully Recover 34:08 Art Berman Warns of an Unprecedented Energy System Shock 38:16 The Post-WWII Energy Order Is Unraveling 43:17 Oil Prices, Market Risk & How Price Discovery Really Works 💡 From the Strait of Hormuz and millions of barrels of shut-in production to the unraveling of the postwar energy order, Art Berman explains why this is far more than a temporary oil shock — and why the global energy system may never return to what it was before. Join the Wealthion community for more conversations on the forces shaping markets and how to protect and grow your wealth: https://bit.ly/4woj119 💡 Want to hear more from Art Berman? Explore his latest research, analysis, and insights on energy markets, oil, geopolitics, and the forces reshaping the global energy system at ArtBerman.com: https://www.artberman.com/contact/ Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #ArtBerman #OilPrices #EnergyMarkets #StraitOfHormuz #Iran #MiddleEast #OilMarket #EnergyCrisis #Geopolitics #CrudeOil #OilSupply #EnergySecurity #GlobalMarkets #Investing #MarketOutlook ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. jobs market is cooling — but mining has a very different labor problem: finding the right talent. Veteran geologist and mining expert Steven Enders joins Maggie Lake to explain why the quality of people and management teams can make or break a mining project — even as the industry faces enormous demand for critical minerals. Enders breaks down the looming copper supply gap, why new mines remain so difficult to build, where we may be in the commodity cycle, and why AI can help the mining industry — but won’t solve its biggest problems. Plus: why he’s skeptical of mining project forecasts, what investors should look for in management teams, and the warning signs that tell him a commodity cycle may be getting mature. Topics include: • U.S. jobs market and mining’s talent challenge • Copper demand and the global supply gap • Mining stocks and commodity cycles • How to evaluate mining management teams • AI in mining and mineral exploration • Capex, opex and why mining projects run over budget • M&A and signs of a mature commodity cycle 💡 From a looming copper supply gap to mining’s hidden talent problem, Steven Enders explains why finding the right people may be just as critical as finding the right resources — and why AI alone won’t solve the industry’s biggest challenges. Join the Wealthion community for more conversations on the forces shaping markets and how to protect and grow your wealth: https://bit.ly/4wiKgKv Chapters: 00:00 Copper, Talent & Mining’s Biggest Challenges 00:40 The Looming Copper Supply Deficit 02:12 Why Steven Enders Is Bullish on Copper 03:43 Mining’s Hidden Talent Problem 05:38 How to Evaluate a Mining Management Team 07:58 Critical Minerals & Government Support 08:50 Can AI Transform Mining and Exploration? 10:51 M&A, Commodity Cycles & “The Crazies” 12:54 Mining Volatility & Long-Term Investing 14:56 Why Mining Project Costs Are Often Too Low Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Copper #Mining #Commodities #Jobs #CriticalMinerals #AI #Investing ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. economy has survived higher rates, tariffs, inflation, geopolitical shocks and repeated recession warnings. Ed Yardeni says there’s a reason: the American consumer remains remarkably resilient. In this conversation, Yardeni explains to Maggie Lake why he believes the economy could stay strong through the end of the decade — but warns that the Federal Reserve now faces a serious credibility test as inflation remains above target. We discuss why Yardeni thinks the Fed should move in September, the return of the “bond vigilantes” — a term he coined in 1983 — the risks building in Japan, and what the next inflation report could mean for markets. Yardeni also lays out his provocative “G-shaped economy” thesis: older, asset-rich Americans are thriving and spending, while younger generations continue to struggle with housing and affordability. Topics include: • Why Yardeni calls the U.S. consumer “bulletproof” • The Fed’s September decision and inflation risk • The return of the “bond vigilantes” — and why long-term yields could revolt • Japan and the threat of a renewed currency crisis • The “G-shaped economy” and America’s generational divide • What investors should watch in the next CPI report 💡 From a “bulletproof” consumer to renewed pressure from the bond vigilantes, Ed Yardeni explains why the U.S. economy remains remarkably resilient — and why the Fed’s credibility could soon be tested. Join the Wealthion community for more conversations on the forces shaping markets and how to protect and grow your wealth: https://bit.ly/4wiKgKv Chapters: 00:00 Cold Open 00:16 Ed Yardeni on the U.S. Economy 00:43 Why This Economy Refuses to Break 02:17 The “Bulletproof” American Consumer 04:24 Bond Vigilantes & the Risk of a Debt Revolt 08:56 Is Inflation About to Become a Bigger Problem? 10:53 The Fed’s Credibility Is on the Line 12:43 Yardeni’s “G-Shaped Economy” 14:42 “Intergenerational Theft” & America’s Wealth Divide 18:07 How Fragile Is the U.S. Treasury Market? 20:27 Japan’s Currency Crisis Risk 21:50 The Next CPI Report Could Test the Fed Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Could your state make it more expensive to leave—or tax wealth you haven’t even sold? Chris Casey, founder of WindRock Wealth Management, breaks down the growing push for wealth taxes, exit taxes, taxes on unrealized gains, and new pressures facing real estate owners. He explains why cash-strapped states may increasingly target wealthy residents for revenue, why those policies could drive taxpayers elsewhere, and why he believes the impact may eventually reach far beyond the ultra-wealthy. Casey also explains what investors and property owners should be watching as state tax policies become more aggressive. 💡 From exit taxes to wealth taxes and new pressure on real estate, Chris Casey warns that state-level tax policy could have much broader consequences for investors. Join the Wealthion community for more conversations on how to protect and grow your wealth: https://bit.ly/4xpoGF4 💡 Want to learn more about Chris Casey and his work on wealth protection, tax risk, and portfolio strategy? Explore his background at WindRock Wealth Management: https://www.youtube.com/watch?v=l2DdcqtoBYs Chapters: 00:00 Wealth Taxes, Exit Taxes & Real Estate Under Attack 00:23 What Is Financial Repression? 00:50 Exit Taxes: Could You Be Taxed for Leaving a State? 01:32 Could State Exit Taxes Become More Common? 01:54 Why Wealthy Americans Are Moving to Lower-Tax States 02:16 How Wealth Taxes Could Work 02:34 California’s Proposed Wealth Tax Explained 02:59 Why Wealth Taxes Could Drive Taxpayers Away 03:37 Are Wealth Taxes Spreading to Other States? 03:56 Could Exit Taxes Be Applied Retroactively? 04:16 Could Wealth Taxes Go Federal? 04:40 Do Wealth Taxes Actually Work? 05:35 Could These Tax Proposals Become Law? 06:08 How Wealth Taxes Could Hit Real Estate 06:53 Taxing Unrealized Real Estate Gains 07:14 New Taxes on Homes, Condos & Property 07:33 Why Chris Casey Says Real Estate Is Under Attack 08:02 “Eventually This Is Going to Hurt Everybody” Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #WealthTax #ExitTax #RealEstate #Taxes #Investing #WealthManagement #ChrisCasey #MaggieLake #Wealthion ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are investors missing the biggest risks facing the global economy? In this exclusive interview, renowned economist Steve Hanke joins Maggie Lake to explain why he believes markets have become dangerously complacent about rising bond yields, inflation, geopolitical conflict, and America's growing fiscal challenges. Hanke discusses why the "bond vigilantes" are back, what rising Treasury yields could mean for stocks and housing, whether inflation is becoming entrenched again, and why he believes investors should be paying far closer attention to the bond market than the stock market. The conversation also explores: *The outlook for inflation and interest rates *Treasury yields and the U.S. fiscal deficit *The economic impact of the Middle East conflict *China's growing geopolitical influence *Whether U.S. stocks are in a bubble *Gold, deficits, and long-term fiscal sustainability *What investors should watch over the coming months Whether you agree with Steve Hanke's conclusions or not, this conversation offers a provocative perspective on the macro forces shaping today's markets. 💡 Steve Hanke says today's biggest risks aren't fully priced into the markets. If you want more independent macro analysis like this, join the Wealthion community at https://bit.ly/4xqCPlD for exclusive interviews, expert research, and actionable investing insights. Chapters: 00:00 Cold Open: Steve Hanke's Biggest Warnings 00:20 Why Markets Are Ignoring Major Risks 01:12 Bond Yields, Inflation & the Return of the Bond Vigilantes 05:16 Middle East Conflict, Oil Prices & Inflation Risks 09:55 Steve Hanke: "We've Already Lost the War" 13:37 What Critics Get Wrong About His Outlook 15:15 Could Treasury Bonds Become America's Biggest Weakness? 22:30 China, Tariffs & Why Beijing Holds the Leverage 30:43 Why the Bond Market Could Trigger a Stock Market Selloff 31:57 Can Revaluing Gold Solve America's Debt Problem? 38:16 Steve Hanke's Solution to America's Debt Crisis Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #SteveHanke #BondMarket #Inflation #InterestRates #Investing #Macro #StockMarket #China #Finance ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is now the right time to buy gold and gold stocks—or should investors wait? In this Wealthion interview, veteran resource investor Lobo Tiggre tells Maggie Lake why he sold every one of his gold and silver stock positions, why he refuses to chase the current rally, and the warning signs he believes investors should watch before putting new money to work. While many investors remain bullish on gold, silver, mining stocks, and commodities, Lobo argues that having the right long-term thesis doesn't always mean it's the right time to buy. He explains why market history, investor psychology, and disciplined risk management matter more than fear of missing out. In this interview you'll learn: * Why Lobo Tiggre sold all of his gold and silver stocks * Whether the gold bull market is still intact * The biggest mistakes gold investors make * How to identify warning signs before buying * Why patience can outperform chasing momentum * Gold vs. silver vs. commodity investing * The role of risk management in volatile markets * Why "don't confuse the inevitable with the imminent" is one of the most important investing lessons 💡 Want more investing insights like Lobo's? Visit https://bit.ly/4q3wTg2 and become a member of our community for exclusive interviews, expert research, and independent market analysis. 💡 Like Lobo Tiggre, invest with conviction—not FOMO. Join Wealthion's Real Assets Community for exclusive research, expert interviews, and actionable insights: https://bit.ly/4fFcUAD Chapters: 00:00 Why I Sold Every Gold & Silver Stock I Owned 00:18 Where Are We in the Gold Bull Market Cycle? 00:50 Is Gold Repeating the 1980 Market Top? 01:49 Gold Warning Signs Every Investor Should Watch 02:34 What the 2011 Gold Crash Taught Me 03:45 Rick Rule's Rule: Don't Confuse the Inevitable with the Imminent 05:24 Why Lobo Is Still Bullish on Gold—But Not Buying Yet 07:36 Gold vs. Copper: Will the Commodity Supercycle Continue? 09:16 Have Gold & Silver Bottomed? Lobo's Answer 09:50 Why Great Investors Ignore FOMO 11:21 The #1 Mistake Gold Investors Make Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Gold #Investing #GoldStocks #Silver #SilverStocks #PreciousMetals #Commodities #MiningStocks #PortfolioManagement #InvestmentStrategy #WealthManagement #Finance #MarketOutlook #RiskManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Could rising Treasury yields trigger the next major market downturn? In this exclusive interview, Jesse Felder, founder of The Felder Report, explains why he believes the 10-Year Treasury yield is the most important chart in the world—and why it could derail the AI boom, pressure stocks, and expose deeper problems in the global economy. Felder argues that investors are underestimating the risks building in the bond market, warns a slow-motion debt crisis is already underway, and explains why soaring government debt, persistent inflation, and higher interest rates could reshape markets for years to come. He also shares why Warren Buffett's massive Treasury position makes sense today, why momentum investing may be breaking down, where he sees value emerging, and why energy, oil, and commodities could outperform in the years ahead. In this interview: * Why Treasury yields matter more than ever * The biggest risk facing the AI boom * Why Jesse believes a debt crisis has already begun * The Federal Reserve's inflation challenge * What rising bond yields mean for stocks * Warren Buffett's defensive strategy * Gold, oil, and commodity investing * Value investing vs. momentum investing * What every investor should be watching next 💡 If you're looking for deeper market intelligence, not just more market noise, join the Wealthion community at Wealthion.com. You'll get exclusive insights from Jesse Felder and many of our leading experts, along with deeper analysis and conversations available only to our members. Chapters: 00:00 Jesse Felder's Biggest Market Warning 00:18 Join the Wealthion Community 00:45 Why Treasury Yields Matter More Than Stocks 02:38 The 10-Year Treasury & a Slow-Motion Debt Crisis 05:34 Is the Fed Losing Control of Inflation? 10:07 Japan, Government Debt & Bond Vigilantes 13:45 Why Treasury Yields Keep Rising 16:42 Could Higher Bond Yields Crash Stocks? 19:10 Gold's Next Move & Future Fed Rate Hikes 22:23 Where Should Investors Hide? (Warren Buffett's Strategy) 24:58 Is the AI Bubble Finally Bursting? 30:49 "The Beginning of the End" for AI Stocks? 34:56 Why Oil & Energy Could Be the Best Investment 38:49 Biggest Risks for Markets This Fall 39:17 AI Earnings, OpenAI & the Circular Financing Problem 42:40 Final Warning: Watch Treasury Yields Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Have U.S. markets quietly split into two completely different markets? In this conversation with Maggie Lake, Jim Bianco, President of Bianco Research, argues that's exactly what's happening. According to Bianco, just 41 AI-related companies now account for nearly half of the S&P 500, while the other 459 stocks are increasingly moving independently. He explains why investors should think of AI and non-AI stocks as two separate markets—and why he believes the AI boom hasn't yet reached bubble territory. Bianco also explains: * Why AI is the biggest technological revolution he's ever seen * Why today's AI rally is different from the dot-com era * What ultimately causes every technology bubble to burst * The biggest risk that could derail AI investing * Why the next phase of the AI trade could be even more volatile Whether you're bullish or bearish on artificial intelligence, this interview offers a framework for understanding where we may be in the AI investment cycle. 💡 Stay ahead of the biggest macro and market trends with interviews featuring the world's top investors, economists, and strategists covering AI, equities, macroeconomics, precious metals, energy, and real assets. Subscribe at: https://www.wealthion.com/ 💡 Not sure how much AI exposure belongs in your portfolio? Get a free portfolio review with one of Wealthion's trusted financial advisors and build an investment strategy tailored to your goals: https://wealthion.com/advisors Chapters: 00:00 AI Is the Biggest Technology Revolution Ever 00:27 There Are Now Two Stock Markets 02:15 AI Stocks vs. Everything Else 03:09 Every Technology Ends in a Bubble 04:14 Why AI Hasn't Peaked Yet 05:35 What Could End the AI Boom? Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #JimBianco #AIStocks #AIBubble #ArtificialIntelligence #StockMarket #SP500 #Investing #MacroEconomics #Finance ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

For years, investors have been waiting for a recession that never seems to arrive. According to Fourth Lane Partners Portfolio Manager Andrew Sarna, there's a simple reason why: massive government deficits continue to overwhelm traditional recession signals. In this interview with Maggie Lake, Sarna explains why bonds are no longer a core portfolio holding, why the AI trade may be losing momentum, and why he believes real assets—especially energy and gold—remain among the best long-term investments as debt, deficits, and geopolitical tensions reshape global markets. Topics discussed: - Why recession calls have been wrong - The bond market's warning - Is the AI trade starting to crack? - Why bonds are no longer "safe" - Gold vs. equities - Why energy remains undervalued - Building a portfolio for the next decade 💡 Inspired by Andrew Sarna's outlook on deficits, gold, and real assets? Get a free portfolio review with one of Wealthion's trusted financial advisors: https://www.wealthion.com/advisors Chapters: 00:00 Cold Open: Why a Recession May Never Come 00:43 Why Treasury Yields Have a Ceiling 01:51 Trump, Oil Prices & Inflation Risk 04:05 Fed Chair Warsh: Will Interest Rates Stay Higher? 05:39 Why Andrew Sarna Says a Recession Is Unlikely 07:45 Why Bonds Are No Longer a Core Holding 10:43 Is the AI Bubble Starting to Crack? 13:03 Should Investors Buy the AI Dip? 15:10 Why Energy Stocks Could Outperform 17:24 Is Gold Still a Buy? Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Gold #GoldBullMarket #Recession #BondMarket #TreasuryYields #AIBubble #RealAssets #MacroInvesting #PortfolioManagement #WealthManagement #FinancialPlanning #AndrewSarna #FourthLanePartners #Investing ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the U.S. really facing a housing shortage? Ivy Zelman says the data tells a very different story.In this conversation with Maggie Lake, renowned housing analyst Ivy Zelman explains why the housing market has become a tale of two Americas, why affordability is the worst it's been in decades, and why the biggest problem isn't simply a lack of homes. She breaks down where home prices are still rising, where supply has surged, why younger Americans are struggling to buy, and why, despite popular belief, she believes the U.S. housing market is much closer to balance than many investors realize.Topics discussed:* Why Ivy Zelman says there isn't a nationwide housing shortage* The affordability crisis facing first-time buyers* Why it's better to rent than buy in many markets today* The Sun Belt vs. Midwest housing divide* Home prices, inventory, and where the market goes next* What investors should watch in housing and real estate 💡Want exclusive housing research, market insights, and interviews with top experts like Ivy Zelman? Join Wealthion's Real Assets Community:https://bit.ly/4x8UtKpChapters:00:00 The Housing Market Is NOT in Shortage00:21 Why Home Prices Are Splitting Across America03:13 The Entry-Level Housing Affordability Crisis05:17 Why Young Americans Can't Afford to Buy Homes07:45 What Mortgage Rate Would Fix Housing?10:20 Is Another Housing Crisis Coming?10:44 Why Ivy Zelman Says There's No Housing Shortage13:48 The Biggest Housing Market Myth Investors Believe15:22 Where Smart Real Estate Investors Are Looking16:47 Is It Better to Rent or Buy Right Now?18:37 Builders, Lumber Costs & What's Next for Home Prices20:39 Final Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

AI has been the market's biggest winner—but Barry Knapp believes the trade is entering a new phase. In this conversation with Maggie Lake, Barry Knapp, Founder and Managing Partner of Ironsides Macroeconomics, explains why he's reduced his exposure to technology stocks, why the pace of AI capital spending is likely to slow, and where he's positioning instead. The discussion also explores why the Federal Reserve's 2% inflation target was a mistake, what a Kevin Warsh-led Fed could mean for markets, why inflation is likely to stabilize around 2.5%, and why fiscal policy—not monetary policy—may be the biggest long-term risk facing investors. In this interview: • Why Barry is underweight technology stocks • Is the AI investment boom entering a new phase? • The Fed's biggest policy mistake • Kevin Warsh and the future of monetary policy • Why inflation may stabilize around 2.5% • Where Barry sees the biggest investment opportunities today • Why he believes a 10% market pullback is possible • The long-term risks of U.S. fiscal policy 💡 Barry Knapp is repositioning his portfolio for what's next. Want a second opinion on your own portfolio? Get a free review with one of Wealthion's trusted fiduciary financial advisors: https://wealthion.com/free Chapters: 00:00 Cold Open 00:39 Introduction: Barry Knapp of Ironsides Macroeconomics 00:50 Why the U.S. Economy Is Still K-Shaped 04:20 Kevin Warsh's Plan for the Federal Reserve 09:02 Treasury Yields, Bonds & Fed Balance Sheet Risks 13:08 Can Kevin Warsh Restore Confidence in the Fed? 17:08 Why the Fed's 2% Inflation Target Was a Mistake 18:42 Why Inflation Will Likely Settle Around 2.5% 23:37 The Real U.S. Debt & Deficit Problem 28:19 Tech Stocks, AI & Why Barry Knapp Cut Exposure 31:12 Where Barry Knapp Is Investing Instead 33:02 Why a 10% Market Correction Is Possible 33:47 Biggest Blind Spots for Investors Today 35:59 Final Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #BarryKnapp #FederalReserve #TechStocks #AI #Inflation #StockMarket #InterestRates ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Fed announces its latest interest rate decision Wednesday—but is Wall Street missing the real story? Jim Bianco, President of Bianco Research, joins Maggie Lake to explain why this could be one of the most consequential Fed meetings in years, why he believes rates should be higher, and why a fundamentally different Federal Reserve is changing how investors should think about markets. Plus, Bianco breaks down what tomorrow's decision could mean for inflation, bond yields, and your portfolio. 💡If Jim Bianco is right that the Fed is entering a new era, your portfolio may need a new playbook. Get a free review with Wealthion's trusted financial advisors today: https://bit.ly/4xdOYud Chapters: 00:00 Cold Open 00:21 Jim Bianco's Bold Fed Prediction 01:17 Why the Fed Has Changed Forever 03:10 The End of the "Maestro" Federal Reserve 04:42 Trump, Kevin Warsh & Fed Independence 06:13 Why Wall Street Keeps Getting the Fed Wrong 09:49 The Fed's Biggest Policy Mistake 10:45 Should the Fed Raise Rates Tomorrow? 11:51 Why Bond Yields Keep Rising 14:30 Why Inflation Isn't Going Away 16:00 What to Watch From the Fed Meeting 18:42 Closing Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone is focused on today's AI boom—but according to Brett Rentmeester, the biggest investment opportunities may still be ahead. In this conversation with Maggie Lake, Brett explains why investors are underestimating AI's next phase, from agentic AI and autonomous software to physical AI, including robots, autonomous vehicles, and intelligent machines. He also explores what these developments could mean for data centers, energy demand, semiconductor companies, and the long-term investment landscape. If the first wave of AI was ChatGPT, Brett argues the next waves could be significantly larger—and many investors aren't positioned for them yet 💡 If AI is reshaping the global economy, make sure your portfolio is positioned for what's next. Get a free review with Wealthion's trusted financial advisors at https://bit.ly/4wJ1n9H Chapters: 00:00 The Next Wave of AI Is Already Here 00:23 Why Businesses Are Just Beginning to Adopt AI 01:12 Agentic AI: The Next Big Breakthrough 02:08 Physical AI: Robots, Robotaxis & Drones 03:20 Can AI Spending Continue? 03:59 The AI CapEx Debate: Are Tech Giants Overspending? 05:29 Open Source AI, China & the Competitive Threat 07:03 The Data Center & Energy Bottleneck 08:22 Why Natural Gas Could Power the AI Boom 08:37 AI Investment Opportunities Beyond Big Tech 08:56 The AI Race Between the U.S. and China Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

For decades, investors have benefited from the belief that U.S. markets would continue to outperform the rest of the world. But as AI fuels an increasingly concentrated stock market, are investors taking on far more risk than they realize? In this conversation, Wealthion CEO Steven Feldman explains why today's S&P 500 may not be as diversified as many believe, how AI has transformed the market into a highly correlated bet, and why scarce real assets—including gold, infrastructure, farmland, and other hard assets—can play an important role in building a resilient portfolio. This interview was released alongside Steven Feldman's latest "The American Exception" series, where he takes a deeper look at the forces driving U.S. market dominance, the risks beneath the surface, and what investors should be watching next. 👉 Read Steven's Companion Newsletters "The American Exception," parts 1, 2, and 3 at wealthion.com/news 💼 Accredited Investors: Want to go deeper than what we can share on YouTube? As an accredited investor, you can gain access to exclusive interviews, private market insights, and behind-the-scenes conversations with some of the world's leading investors covering AI, American exceptionalism, gold, real assets, and other opportunities that can't be discussed publicly due to regulatory restrictions. Request your exclusive access here: 👉 https://bit.ly/3RbjvJN 💡 Concerned about market concentration, AI valuations, or whether your portfolio is truly diversified? Get a free portfolio review with Wealthion's trusted financial advisors and build a strategy designed for today's investment landscape. 👉https://bit.ly/4574E6x 💡 Want to learn why investors are increasingly turning to gold, infrastructure, farmland, and other scarce assets? Join Wealthion's Real Assets Community for exclusive research, expert interviews, and in-depth analysis designed to help you build a more resilient portfolio. 👉 https://bit.ly/4wn58kU Chapters: 00:00 The AI Bet Hiding in Your Portfolio 01:44 Why AI Concentration Is a Growing Risk 02:27 The American Exception: Why the U.S. Still Wins 05:07 What "Real Assets" Actually Mean 07:08 Why the S&P 500 Isn't Truly Diversified Anymore 10:59 The Case Against Blind Index Investing 11:47 Loving AI Without Overpaying for It 14:10 Building a Portfolio That Can Survive Anything 18:18 Why Scarcity Matters More Than Hype 20:13 Gold, Debt & Why Investors Need Insurance 24:45 The Long-Term Case for Gold Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kevin Muir, author of The MacroTourist newsletter, believes investors may be missing one of the biggest shifts happening beneath the surface of today's market.As SpaceX prepares for a historic insider share unlock, Kevin explains why a wave of new equity supply, insider selling, and elevated AI expectations could create risks that many investors aren't pricing in. He also shares why being bullish on artificial intelligence doesn't necessarily mean buying the companies building it—and why history suggests transformational technologies often become poor investments at peak enthusiasm.In this conversation with Maggie Lake, Kevin breaks down:-Why the SpaceX share unlock matters-What insider selling may be signaling-Why AI valuations worry him-Lessons from the dot-com bubble-Where investors may find better opportunities 💡 Excited about AI but worried you're paying too much? Get a free portfolio review with Wealthion's trusted financial advisors and build a strategy designed for long-term investing: https://wealthion.com/free 📩 Want more of Kevin's no-nonsense macro analysis? Subscribe to The MacroTourist for his unique market insights, trading ideas, and decades of experience navigating bull and bear markets: https://themacrotourist.com/Chapters:00:00 The Smart Money Is Selling AI00:27 Kevin Muir Joins Maggie Lake00:40 SpaceX's Historic $116B Share Unlock03:29 Why Insider Selling Should Concern Investors05:02 Is the AI Bubble Getting Worse?05:53 Why Kevin Is Avoiding the Mag 708:33 Buy AI Users, Not AI Builders09:47 Hidden Risks Behind AI Spending10:17 Lessons From the Dot-Com Bubble11:05 Why Revolutionary Technologies Become Bad Investments Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wall Street has spent years warning about a recession, weak consumer spending, and an inevitable stock market correction. But what if the data tells a completely different story? In this interview, Chris Galipeau, Head Market Strategist at Franklin Templeton, joins Maggie Lake to explain why the U.S. economy remains far more resilient than many investors believe. He shares why corporate earnings continue to surprise to the upside, why the U.S. consumer is still driving economic growth, and why today's bearish narrative doesn't align with what's happening beneath the surface. Chris also breaks down why AI may become a productivity boom rather than a job killer, where he sees the biggest investment opportunities beyond the Magnificent Seven, why small-cap stocks could outperform, and the one Federal Reserve policy mistake that could threaten the current bull market. Topics discussed: -Why recession fears keep missing the mark -The real outlook for the U.S. economy -Stock market outlook for 2026 -AI investing and corporate productivity -Why earnings matter more than politics or geopolitics -Small-cap stocks vs. the Magnificent Seven -Federal Reserve policy and inflation risks =Where investors should be looking next Whether you're investing for retirement, managing a portfolio, or trying to understand where markets go from here, this conversation offers a data-driven perspective on the economy, stocks, AI, and long-term investing.💡 Chris Galipeau says strong earnings, broadening market leadership, and disciplined investing—not headlines—drive long-term returns. Get a free portfolio review with Wealthion's endorsed financial advisors: https://bit.ly/4fxSUib Chapters: 00:00 Bullish on Stocks Despite the Headlines 00:20 Introduction 00:32 Is AI Creating a Stock Market Bubble? 02:56 Has Investor Optimism Gone Too Far? 06:38 Why Sentiment Doesn't Match Reality 08:44 Where Are the Best Investment Opportunities? 11:08 The Smart Way to Invest in AI 13:39 Biggest Risks Facing the Stock Market 15:15 Is Software Losing the AI Race? 16:58 Are Global Investors Leaving the U.S.? 18:31 Should Investors Fear China's AI Push? 19:16 Small Caps vs. the Magnificent Seven 21:17 Final Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Artificial intelligence may be the biggest technological revolution in decades—but according to Mark Mills, it won't replace the world's need for energy. It will dramatically increase it. In this conversation with Maggie Lake, Mark explains why the AI boom could fuel a new era of demand for oil, electricity, and critical commodities, why many investors misunderstand the relationship between AI and energy, and how China's growing technological ambitions could reshape the global competitive landscape. 💡 Watch the full exclusive interview with Mark and access premium market insights by joining Wealthion's Real Assets Community: https://bit.ly/4fy5o9u 📺 For more of Mark Mills' insights, interviews, and media appearances, visit the National Center for Energy Analytics Media Center: https://energyanalytics.org/media Chapters 00:00 Cold Open 00:39 Is China Really Catching the U.S. in AI? 02:56 Europe, China & the Technology Divide 05:14 Why Commodity Stocks Still Look Undervalued 06:39 The Next Commodity Bull Market 09:15 How AI Could Solve America's Productivity Problem 10:58 Why Inflation May Stay Under Control END PREVIEW (Sign up to Wealthion's Real Assets Community for more: https://bit.ly/4fy5o9u) *AI and the Next Commodity Supercycle *Mark Mills' Top Investment Opportunities *Why Energy Stocks Are Still Undervalued *The Best Ways to Invest in the AI Energy Boom *AI's Productivity Revolution *Inflation vs. the Next Commodity Bull Market *Argentina's Emerging Energy Opportunity *Global Oil Supply and Energy Security *AI, Power Infrastructure & Grid Investment Opportunities *Why AI Could Strengthen the Economy Instead of Destroying Jobs Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #MarkMills #AI #ArtificialIntelligence #Energy #Oil #Commodities #China #Investing #MacroEconomics #Geopolitics #RealAssets ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Why do smart investors continue to make costly mistakes—even after years of experience? Former Wall Street trader and performance coach Evan Marks says the answer has less to do with markets and more to do with the way our brains process uncertainty, emotion, and pressure.In this conversation with Maggie Lake, Evan explains why successful investing isn't just about having better information—it's about making better decisions. Drawing on decades of experience coaching hedge fund managers, CEOs, professional athletes, and other elite performers, he explores why investors repeat the same mistakes, how emotions quietly influence every investment decision, and what separates consistently successful investors from everyone else.They discuss reacting versus responding, intuition versus impulsivity, overcoming self-sabotage, handling market volatility, learning from both success and failure, and practical techniques to improve decision-making when the stakes are highest.Whether you're managing a portfolio or simply trying to become a better decision-maker, this conversation offers a powerful framework for improving performance—both in markets and in life. 💡 As Evan Marks explains, successful investing isn't just about choosing the right investments—it's about mastering your decision-making process. Connect with one of Wealthion's trusted financial advisors to build a disciplined investment strategy designed for every market environment: https://bit.ly/4gQa38V Chapters:00:00 Cold Open00:20 Meet Performance Coach Evan Marks00:50 Why Smart Investors Keep Making the Same Mistakes02:40 Reacting vs. Responding: The Mental Edge03:30 The Panic Attack That Changed Everything05:12 Why Success Can Create Blind Spots06:01 Learning From Success, Not Just Failure08:01 Intuition vs. Impulsivity08:59 Performance = Potential − Interference09:50 How to Stay Calm in Uncertain Markets14:02 Why Good Decisions Still Lose Money15:22 Why Every Trade Isn't Really Independent16:22 How Elite Investors Reset After Losses18:11 Anchoring Bias and Mental Traps19:35 The Gold Investor's Biggest Mistake21:29 It's Never About the Market—It's About You23:22 Why Successful People Must Recommit25:43 One Simple Habit to Reset Your Mind26:10 Final Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

AI spending is on pace to exceed $920 billion—but is Wall Street witnessing the start of a generational technology revolution or the early signs of another investment bubble?Windrock Wealth CIO Brett Rentmeester joins Maggie Lake to break down the unprecedented surge in AI infrastructure spending, why hyperscalers like Microsoft, Amazon, and Google continue pouring hundreds of billions into data centers, and whether investors should be worried that AI investment is getting ahead of demand.Brett also explains why he believes AI is still in its early innings, discusses the biggest risks facing today's market leaders, and shares his approach to portfolio management, including when to take profits, how to avoid concentration risk, and why disciplined investing matters more than chasing the hottest trend. 💡 Brett Rentmeester says disciplined investing matters more than chasing the hottest AI stocks. Find out if your portfolio is positioned for the long term with a free review from Wealthion's trusted financial advisors at https://bit.ly/3Trcaq0 💡 As AI accelerates demand for energy, metals, and infrastructure, stay ahead with exclusive research and interviews in Wealthion's Real Assets Community: https://bit.ly/4whwNng📄 Is AI building the future—or the next bubble? Dive deeper into Brett Rentmeester's investment thesis with WindRock Wealth's latest white paper, "The AI Capex Debate." It breaks down the bull and bear cases for AI infrastructure spending, evaluates whether the current capex boom is sustainable, and highlights the key risks and opportunities investors should be watching. Read it here: https://windrockwealth.com/the-ai-capex-debate/ Chapters:00:00 AI's $920 Billion Question: Bubble or Boom?02:16 Is AI Becoming the Next Dot-Com Bubble?03:58 Understanding the AI Ecosystem: Hyperscalers, OpenAI & Meg 707:35 How Should Investors Position for the AI Revolution?10:23 Public vs. Private AI Investing Opportunities12:31 Why Rebalancing Matters in an AI Bull Market14:53 How Professional Advisors Take Profits17:34 Don't Let Winning Stocks Become Portfolio Risks18:31 Is 80% in Tech Too Much?19:33 The Biggest Mistake Investors Make in Bull Markets Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #AI #ArtificialIntelligence #AIInvesting #TechStocks #StockMarket #DataCenters #OpenAI #Magnificent7 #AIBubble ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

When should you sell a stock that's been one of your biggest winners? According to veteran portfolio manager Jonathan Wellum of ROCKLINC Investment Partners, the default answer is almost never...unless the investment thesis has fundamentally changed. In this conversation with Maggie Lake, Wellum explains why long-term investors often hurt returns by selling too early, chasing market trends, or reacting emotionally to volatility. He outlines the three legitimate reasons to sell a stock, discusses why taxes shouldn't dictate investment decisions, explains how Warren Buffett approached trimming Apple, and shares why patience remains one of the greatest competitive advantages investors have. He also offers practical guidance on managing concentration risk, evaluating intrinsic value, and avoiding costly behavioral mistakes. If you're wondering whether it's time to take profits—or simply stay the course—this interview provides a disciplined framework for making better investment decisions. 💡 Jonathan Wellum says the hardest investing decision isn't what to buy—it's knowing when to sell. Get a free portfolio review from Jonathan and the team at ROCKLINC to determine whether your biggest winners still deserve a place in your portfolio: https://bit.ly/4fktjJb Chapters: 00:00 Why Selling Is So Difficult 01:05 The First Reason to Sell 02:02 When a Stock Gets Too Expensive 03:00 Finding Better Opportunities 03:50 Why Trimming Beats Selling Everything 04:35 The Tax Trap Investors Face 06:20 Don't Confuse Stocks With the Market 07:31 Risk Starts With What You Don't Know 09:57 Rules for Selling Winners 11:15 Patience Is Your Greatest Edge Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #StockMarket #ValueInvesting #JonathanWellum #WarrenBuffett #LongTermInvesting #WealthBuilding #InvestSmart #Compounding #DividendInvesting #BehavioralFinance #FinancialEducation #PersonalFinance #Stocks #InvestingStrategy ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the U.S. stock market more overvalued than at any point in the last 150 years—except for 1927? Economist Mark Thornton, Senior Fellow at the Mises Institute, believes today's extreme valuations, rising leverage, and mounting fiscal pressures are creating the conditions for a major market reckoning. In this conversation with Maggie Lake, Thornton explains why he sees elevated risks for equities, why he believes gold and silver may have already found a bottom despite recent weakness, and how shifting interest rate expectations, a weakening dollar, and growing government deficits could trigger a powerful rotation into precious metals. He also shares his controversial view on the Federal Reserve's true priorities and what investors should watch as markets navigate an increasingly uncertain macro environment. 💡 To watch Maggie's full interview with Mark Thornton + more exclusive content, join Wealthion's Real Asset community at https://bit.ly/3ReXl9s 💡 If Mark Thornton is right that today's stock market is approaching historic valuation extremes while gold and silver are building a long-term bottom, now may be the time to consider adding precious metals to your portfolio. Learn how to hold physical gold or silver in an IRA here: https://bit.ly/4flcE8m 💡 Get Wealthion's Exclusive Hard Assets interviews from behind the scenes of the 2026 Rick Rule Symposium by signing up to be an accredited investor: https://bit.ly/4wqkmpn Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #StockMarket #Gold #Silver #MarketCrash #FederalReserve #InterestRates #Inflation #PreciousMetals #Macro #Economy #ValueInvesting #GoldMining #SilverMining ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is Wall Street chasing the wrong side of the AI boom?Peter Boockvar, Chief Investment Officer at OnePoint BFG Wealth Partners, joins Maggie Lake to explain why the real bubble isn't artificial intelligence itself—it's the massive capital spending fueling the AI race.In this wide-ranging conversation, Boockvar discusses why investors should be cautious about semiconductor stocks, how China's rapidly advancing AI and memory-chip companies could pressure profit margins, and why he believes the market is entering a new phase where stock selection matters more than simply owning the hottest sector.Peter also explains why rising real interest rates are sending an important message, why government debt and deficits are becoming a bigger concern for markets, and why he continues to view gold as an attractive long-term investment despite its recent pullback.Whether you're investing in AI, technology, precious metals, or the broader market, this conversation offers valuable insights into the risks—and opportunities—that could shape the next phase of the investment cycle.💡 As AI drives unprecedented demand for commodities and infrastructure, stay ahead with Wealthion's Real Assets Community for exclusive interviews, research, and investment insights: https://bit.ly/4yGqhrV 💡 Peter Boockvar believes gold's recent pullback is driven by higher real rates—not a broken long-term thesis. Learn how physical gold and silver can fit into a diversified portfolio by speaking with one of Wealthion's trusted advisors: https://bit.ly/4pk8jHa 💡 Want Peter Boockvar's daily macro analysis? Subscribe to The Boock Report on Substack for institutional-quality insights on markets, the economy, commodities and investing: https://peterboockvar.substack.com/ Chapters: 00:00 Peter Boockvar's Biggest Market Warnings00:29 Why Investing Is Getting Harder02:17 Is the AI Trade Becoming a Bubble?05:05 Why Micron & Memory Stocks Could Be at Risk06:30 China's Growing AI Threat10:53 Are Investors Ignoring China's Competition?12:33 Tariffs, Trust & Global Supply Chains14:27 Why Peter Won't Buy AI Memory Stocks17:00 Banks, Consumer Staples & Where He's Investing Now20:21 Inflation, Earnings & The Fed's Next Move23:35 Why Bond Yields Keep Rising25:06 Debt, Deficits & Why Gold Is Still a Buy27:08 Japan's Bond Market Could Shake the World32:15 Final Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Markets may appear calm, but are investors overlooking the risks building beneath the surface? In this conversation, Chris Casey joins Maggie Lake to discuss why today's economy may be more fragile than headline data suggests. They explore the long-term consequences of rising government debt, persistent fiscal deficits, inflation, and monetary policy—and why Casey believes investors should think beyond the next quarter when positioning their portfolios. 💡Concerned about rising interest rates, inflation, and mounting government debt? Get a free portfolio review from Wealthion's trusted financial advisors to see if your investments are positioned for today's macro risks: https://bit.ly/4wAtYgD Chapters: 00:00 Cold Open: A Solvency Crisis? 00:20 Meet Chris Casey 00:34 Is AI Really Deflationary? 01:38 Does the Fed Have an Inflation Problem? 03:37 Why Chris Expects Higher Interest Rates 05:05 Trump vs. the New Fed Chair 06:29 Will Kevin Warsh Really Stay Hawkish? 08:00 Can the Fed Actually Reform Itself? 09:03 Will Higher Rates Trigger Another Crisis? 09:50 Are Bonds Too Risky Right Now? 11:15 Final Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

10K Gold, $300 Silver, Carlyle Senior Advisor and Co-Chair of Abaxx Markets’ Jeff Currie joins Wealthion CEO Steven Feldman on Open Position and gives the data that he says shows why the current Supercycle will have precious metals reaching 7X. Plus, the thing we’re all missing in the conversations around investing in AI and why tech innovation and China are keeping Jeff up at night. Plus he details his new oil and gas company and explains why commodities offer better value than most investments. Hint-Cash is King. Chapters: :30 10K Gold, $300 Silver and the 7X Supercycle 5:00 What We’re All Missing in the AI Investment Conversation 10:00 The Difference Between AI and Other Historical Tech Advances 13:20 Jeff’s New Company "1947 Oil & Gas" and Why Commodities Make Cash King 20:27 What’s Keeping Jeff Up At Night? Tech Innovation and China 25:30 What Is Jeff Solving For? 💡 Get Wealthion's Exclusive Hard Assets interviews from behind the scenes of the 2026 Rick Rule Symposium by signing up to be an accredited investor at https://bit.ly/3R7ouuT . Videos will be released the week of July 13th. 💡 If Jeff Currie's outlook on energy, precious metals and the share of commodities in your portfolio has you asking questions about your investment strategy, connect with Wealthion's endorsed financial advisors for a free portfolio review: https://bit.ly/4gRXFFo Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

From war in the Middle East to AI's insatiable demand for power, Carlyle Senior Advisor and Co-Chair of Abaxx Commodity Exchange, Jeff Currie says the Commodity Supercycle is far from over. Joining Wealthion CEO Steven Feldman on Open Position, Currie explains why investors shouldn't get distracted by oil's day to day volatility and why it's the "Revenge of the Old Economy", gives insights into the commodity sectors he's watching and reveals exactly how much exposure to commodities every portfolio should have. Part 1 of 2. 💡 Get Wealthion's Exclusive Hard Assets interviews from behind the scenes of the 2026 Rick Rule Symposium by signing up to be an accredited investor at https://bit.ly/3R7ouuT .Videos will be released the week of July 13th. 💡 If Jeff Currie's outlook on energy, precious metals and the share of commodities in your portfolio has you asking questions about your investment strategy, connect with Wealthion's endorsed financial advisors for a free portfolio review: https://bit.ly/4gRXFFoChapters::30 Why Commodities2:58 Why Commodities Don’t Get More Attention From Investors and Why They Should5:35 The 2020 Start of the Current Supercycle, What’s Accelerating it and Why it’s The Revenge of the Old Economy9:08 The Demand Side of the Supercycle12:55 Price Momentum, Overshooting and Proper Portfolio Positioning17;30 Commodity Sectors to Watch and Why the Roll is Crucial20:06 The New Generation of Investing Products Jeff is Creating23:15 Preview to Part 2: Why Jeff is Very Bullish on Gold Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

For years, investors have been rewarded by simply buying America—but Francis Hunt of The Market Sniper argues that era may be coming to an end. In this interview with Maggie Lake, Hunt explains why U.S. exceptionalism could gradually fade as rising debt, persistent currency debasement, and shifting global capital flows reshape the investment landscape. He warns that relying solely on American assets may leave investors exposed and makes the case for jurisdictional diversification, gold, and precious metals as protection against a weakening fiat system. 💡 If Francis Hunt's outlook on gold, global diversification, and shifting economic leadership has you rethinking your investment strategy, connect with Wealthion's endorsed financial advisors for a free portfolio review: https://bit.ly/4gRXFFo 💡 Interested in the investment case for gold, precious metals, and real assets? Join Rick Rule's Natural Resource Symposium to hear from some of the world's top mining executives, macro thinkers, and resource investors: https://cvent.me/XOqdLa?via=Wealthion Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #Gold #Macro #Economy #FinancialMarkets #Dollar #Inflation #AI #China #PreciousMetals #MarketOutlook #GlobalMarkets #DollarDebasement #CentralBanks #Geopolitics #Recession #AssetAllocation #InvestSmart ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

She’s the woman behind the famous Sahm Rule — an economic indicator that flags when a recession is ahead — and on a day we saw a slowdown in hiring and just one day prior to the new jobs report, Claudia Sahm, who spent 12 years as an economist at the Fed, sits down with Maggie Lake and gives her expert insights into jobs and “job hugging”, a potential recession, AI and an insider’s view into Kevin Warsh and the new Fed. If you want to know what’s ahead, it’s a must see interview. 💡 Claudia Sahm explains why a recession isn't her base case—but that doesn't mean investors should be complacent. Get a free portfolio review with Wealthion's endorsed financial advisors to prepare for multiple economic scenarios: https://bit.ly/4bmDXOq 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Chapters: 00:00 Claudia Sahm: Why She's Not Predicting a Recession 03:57 Is the Stock Market Propping Up the Economy? 07:34 The Truth About Today's Labor Market 08:25 Will AI Actually Destroy Jobs? 10:44 Why Hiring Has Stalled Despite a Strong Economy 13:40 Should the Fed Overhaul Economic Data? 18:36 Is the Federal Reserve About to Stop Communicating? 23:29 Why Less Fed Transparency Could Backfire 27:20 Is the Fed Turning More Hawkish on Inflation? 31:38 Does the Fed Change Policy Because of Elections? 34:12 Final Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #Economy #Recession #FederalReserve #Fed #Inflation #InterestRates #LaborMarket #Jobs #AI #StockMarket #USEconomy #EconomicOutlook #Macro #Markets #EconomicData #MonetaryPolicy #Employment ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

China isn't trying to replace the U.S. dollar overnight—but according to Francis Hunt of The Market Sniper, it doesn't have to. In this interview with Maggie Lake, Hunt explains why China's steady accumulation of gold, changing global trade dynamics, and the world's growing debt burden are creating a slow but powerful shift in the global monetary system. Rather than expecting a sudden collapse, he argues investors should focus on the long-term erosion of dollar dominance that's already underway. Hunt also explains why he believes precious metals remain in a secular bull market, why pullbacks shouldn't shake long-term investors, and how China's actions could continue supporting gold prices for years to come. Topics discussed: * Why China continues buying gold * The gradual decline of dollar dominance * Gold's long-term outlook * Debt, fiat currencies, and monetary risk * Why emerging markets could benefit from the shift * What investors should watch next 💡 Francis Hunt believes China's steady accumulation of gold is part of a long-term shift away from dollar dominance. If you're considering adding physical precious metals to your retirement portfolio, learn how to hold gold and silver in an IRA: https://bit.ly/3StnjGy 💡 Wondering whether now is the right time to add gold, silver, or mining stocks? Speak with Wealthion's endorsed financial advisors to build a strategy that fits your goals: https://bit.ly/4wp0OBj 💡 Francis Hunt argues the long-term trend toward hard assets is accelerating as global monetary dynamics shift. Continue the conversation with Rick Rule and leading resource investors at this year's Boca Raton Symposium: https://cvent.me/XOqdLa?via=Wealthion Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #Gold #GoldInvesting #FrancisHunt #China #Dollar #DeDollarization #PreciousMetals #Macro #Inflation #CentralBanks #BRICS #Economy #Markets ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

China may no longer be the engine of global economic growth, but Marc Faber says dismissing the country would be a mistake. He explains why China's property downturn and demographic challenges are real, yet argues its leadership in manufacturing, robotics, EVs, and innovation puts it well ahead of much of the West. Faber also discusses why Hong Kong remains an attractive way to gain exposure to China's long-term growth story and what investors continue to misunderstand about the country's economic future 💡 Global markets are changing fast. If you're rethinking your portfolio amid shifting economic leadership, Wealthion's endorsed financial advisors can help you build a strategy designed for today's macro environment: https://bit.ly/3Rd8NSR 💡 Want more insights on global markets, China, and long-term macro trends? Join Wealthion's Real Assets Community for exclusive interviews, market analysis, and actionable investment research to help you stay ahead of the biggest shifts in the global economy: https://bit.ly/4wgG8Lp 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #China #Investing #GlobalMarkets #Macro #Economy #Stocks #HongKong #Manufacturing #ArtificialIntelligence #MarcFaber ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Gold has dipped below — and is now hovering around — the key $4,000 level, leaving investors asking the big question: is this just a pause in the bull market, or a warning sign?Rick Rule joins Wealthion to explain why he believes the long-term case for gold, silver, and real assets remains intact, even as precious metals face short-term pressure from rates, the dollar, and shifting investor sentiment.Rule argues that rising debt, currency debasement risk, and long-term supply constraints continue to create a powerful setup for hard assets. He also weighs in on the AI boom, why speculative capital keeps chasing the next big story, and what that means for investors trying to separate durable value from hype.For gold-focused investors wondering whether this pullback is danger or opportunity, Rule lays out what he’s watching now, where he sees risk and reward, and why the real assets story may be far from over. 💡 Rick Rule says gold’s pullback may be exactly the kind of moment disciplined resource investors wait for. Hear Rick and other top natural resource investors in Boca Raton this July: https://cvent.me/XOqdLa?via=Wealthion 💡 Rick Rule says gold’s pullback may be a reminder that precious metals still have a role as long-term portfolio insurance. Learn how to add physical precious metals to an IRA at https://bit.ly/4w8Af2S Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #RickRule #Gold #Silver #PreciousMetals #RealAssets #NaturalResources #Commodities #MiningStocks #JuniorMiners #GoldInvesting #ResourceInvesting #HardAssets #Inflation #AI #ArtificialIntelligence #Uranium #Copper #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Marc Faber, editor of the Gloom, Boom & Doom Report, joins Maggie Lake to discuss why he believes markets are approaching a major top, why the AI investment boom may create far fewer winners than investors expect, and why the United States is heading toward a fiscal crisis. Faber explains why he sees financial assets as dangerously overvalued, why inflation may remain stubbornly elevated, and why policymakers are increasingly trapped by rising debt and deficits. He also shares his outlook for stocks, bonds, gold, housing, China, and the global economy. In this interview: -Why Marc Faber believes a major market top is forming -The biggest risks facing investors today -Why the AI boom could follow the path of past investment manias -The growing U.S. debt and fiscal challenge -Inflation, interest rates, and the Fed's dilemma -Gold, bonds, housing, and where he's investing now -China's technological rise and what investors are missing 💡 Marc Faber continues to favor owning gold as protection against fiscal and monetary instability. Learn how to add physical precious metals to an IRA at https://wealthion.com/goldira 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Chapters: 00:00 — Marc Faber's Stark Warning: "We're Approaching a Major Top" 01:20 — Why This AI Boom Could End Badly: "Most Participants Will Fail" 08:18 — "I Think It Will Be a Complete Disaster" 10:58 — The U.S. Is Heading Toward a Fiscal Crisis 13:07 — Inflation Is Much Worse Than You Think 17:00 — The Real Inflation Driver Nobody Is Talking About 20:28 — America Is Trapped: Why the Fed Can't Fight Inflation 24:56 — 15 Years of Asset Inflation: Stocks, Crypto & the Everything Bubble 29:58 — Are AI Stocks Dangerously Overvalued? 32:41 — Gold, Silver & Safe Havens: What Faber Owns Right Now 35:10 — Why Interest Rates Are Headed Higher 36:53 — The Consumer Is Breaking: Record Debt & Leverage 38:41 — Where Money Goes If America Falls 40:24 — Why the U.S. Has No Choice But to Print Money 41:42 — The Biggest Risk Investors Face Today 45:05 — The Wealth Illusion: Why Rising Markets Fool Investors 46:43 — The Big Disappointment Coming: Stocks & Housing Could Both Fall Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Don Durrett of GoldStockData.com joins Trey Reik for a blunt warning: if the U.S. bond market breaks, gold may be the last asset standing. Don explains why he believes the Fed is no longer fighting inflation, why financial stability is the real game, and why gold and gold miners could be entering a historic setup. In this interview: Why Don says the Fed is trapped The bond market risk nobody wants to discuss Why gold could beat stocks Why miners may be wildly undervalued What happens if $250 trillion starts looking for safety 💡 Watch Trey's full interview with Don Durrett + more exclusive content, join Wealthion's Real Asset community at https://bit.ly/4ahg1f2 💡If Don Durrett is right that the bond market is the real risk — and that gold wins if confidence breaks, learn how to add gold or silver to your IRA at https://bit.ly/4ajpOBj 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion CHAPTERS: 00:00 "The Fed's Dual Mandate Is Baloney" 01:05 What the Fed Is Really Trying to Protect 03:09 The Truth Behind Wall Street's Fear 04:04 Why Most Gold Investors Get This Wrong 04:43 The $250 Trillion Risk Nobody Talks About 06:47 Why AI Is Delaying the Gold Trade 08:03 The Only Gold Chart That Matters 09:45 The Moment Gold Finally Wins ***Exclusive for members of Wealthion's Real Asset community. Join at wealthion.com/realassets*** 10:23 Member Exclusive: Gold’s Technical Breakdown & Don’s Buy Zone 16:08 Member Exclusive: Why Gold Wins When the Whole Thing Burns Down 21:48 Member Exclusive: Why Oil Fears May Be Overstated for Gold Miners 23:17 Member Exclusive: Why Gold Miners Could Be a Generational Trade 30:54 Member Exclusive: What Consensus Is Missing About the Fed 37:17 Member Exclusive: Don’s Fed Call: “Zero” Chance of Rate Hikes 41:00 Member Exclusive: The 25 Economic Risks Wall Street Ignores 46:57 Why Don Expects a Financial Reset Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Gold #GoldStocks #Silver #PreciousMetals #MiningStocks #FederalReserve #Fed #BondMarket #Inflation #USDebt #DebtCrisis #DollarCrisis #MarketCrash #Recession #Macro #HardAssets #RealAssets #GoldIRA #SilverIRA #RetirementPlanning #WealthProtection #DonDurrett #TreyReik ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants exposure to AI, SpaceX, and the next generation of technology leaders. But Jonathan Wellum warns that even great businesses can become terrible investments when investors pay too much. As excitement around mega IPOs, AI infrastructure, and private-market giants reaches a fever pitch, Wellum explains the one question every investor should ask before chasing the next big thing: Are you buying a real business—or paying for a dream? 💡 Worried about what this tech-driven future means for your money? Get a free portfolio review with Wealthion’s trusted financial advisors: https://bit.ly/3SeIVGz 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Chapters: 00:00 AI Hype, IPO Mania & Market FOMO 01:54 Are Investors Overpaying for the Future? 05:10 Why New Tech Is So Hard to Value 09:29 The Dot-Com Bubble Warning 11:19 Survivor Bias & The Companies That Don’t Make It 13:33 The Hidden Risk in Mega IPOs 15:54 Space, AI & Execution Risk 17:33 What Value Investing Really Means Today 20:33 Where Wellum Sees Value in Big Tech 24:18 Cheap Stocks vs. True Value 25:45 The Value Investing Book Every Serious Investor Should Know Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #StockMarket #Markets #AI #TechStocks #IPOs #Bubble #MarketBubble #DotComBubble #FOMO #ValueInvesting #PortfolioStrategy #RetirementPlanning #JonathanWellum #MaggieLake ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Henrik Zeberg says the market’s most dangerous phase may still be ahead — a final, violent melt-up that could send risk assets sharply higher before the entire cycle turns. In this interview, Zeberg lays out why he believes investors are being pulled into the last stage of the bull market, why the Nasdaq could still surge, and why the endgame may be brutal: recession, deflation, collapsing risk assets, and a rush into cash. This is not a soft landing call. Zeberg argues the “everything rally” may be the trap — and that when it breaks, there may be nowhere to hide. Watch before the melt-up turns into the crash. 💡If Henrik Zeberg is right, the next phase could be a final market melt-up before a brutal downturn — making now the time to pressure-test your portfolio. Get a free review with Wealthion’s trusted financial advisors athttps://bit.ly/4vm8JPC 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Chapters: 0:00 The Calm Before The Crash 0:39 Henrik Zeberg Joins Maggie Lake 1:12 Weak Economy, Largest IPO, Largest Bubble 2:13 Dot-Com Bubble Appetizer, 2008 Main Course 3:04 Why Today’s Tech Bubble Looks Extreme 4:05 AI, Layoffs & The Jobs Risk 5:43 Is There Still Runway Before The Top? 6:15 Zeberg: Nasdaq Could Rise Another 15% 7:31 Why This Looks Like The Final Melt-Up 9:11 Zeberg’s Nasdaq Target: 33,000–34,000 10:09 The Last 20% Makes People Crazy 11:45 How The Final Melt-Up Spreads 13:38 The Black Swan Risk In Private Credit 14:41 The $1.7 Trillion IPO Warning Sign 15:55 Why Rotation Won’t Save Investors 16:55 The U.S. Consumer Is In Serious Trouble 17:40 The Jobs Market Mirage 20:38 Why Bonds Haven’t Reacted Yet 21:08 Zeberg: The Fed Is Way Too Late 22:14 Why This Is Not 1970s Inflation 23:39 Bond Yields As A Late-Cycle Warning 25:17 Crypto’s Final Risk-On Surge 28:50 Gold & Silver Had Their Time In The Sun 30:13 Zeberg’s Bitcoin Target 31:09 Why This Could Be Worse Than 2008 35:32 Private Credit, Deflation & The Crash Setup 37:29 Zeberg: Market Top Could Come In Q3 39:39 Where Can Investors Hide? 40:40 Why Gold And Silver Could Fall First 41:14 Zeberg’s Safe Haven: Dollar & U.S. Bonds 42:38 The Next Inflationary Regime 43:42 Final Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #HenrikZeberg #MarketCrash #MeltUp #StockMarket #Nasdaq #Macro #Recession #Deflation #Bitcoin #Crypto #Gold #Silver #Investing #Finance #PortfolioReview #FinancialPlanning #wealthmanagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael Howell, Managing Director at GL Indexes, warns that the global liquidity cycle is rolling over — just as AI spending, inflation pressure, Treasury stress, and China’s gold strategy are reshaping markets. In this interview with Maggie Lake, Howell explains why AI may be inflationary before it becomes deflationary, why the U.S. economy is pulling liquidity out of financial markets, and why investors may be moving from “speculation” into a more dangerous phase of the cycle. He also breaks down why he believes China is the real force driving gold, how crypto is flashing a liquidity warning, and why the Fed’s 2% inflation target may be fantasy. This is a must-watch for investors trying to understand what comes next for stocks, bonds, gold, Bitcoin, oil, and real assets as liquidity tightens and inflation risk return 💡Michael Howell says the global liquidity cycle is rolling over, AI may add to inflation pressure, and investors may be moving from speculation into turbulence. Is your portfolio prepared for what comes next? Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/43ghr5z 💡Michael Howell says investors are moving into a world of inflation pressure, liquidity stress, and growing demand for scarce real assets — from gold and energy to commodities and productive resources. Want access to exclusive real-assets research and interviews? Join Wealthion’s Real Assets Community: https://bit.ly/4ufoJRY 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Chapters: 00:00 — The Market Has Left Calm Behind 00:25 — Michael Howell: Liquidity Is Rolling Over 02:04 — Money Is Leaving Markets for the Real Economy 03:33 — China Hits the Brakes on Liquidity 05:59 — The Economy Is Buzzing — So Why Are Markets at Risk? 07:44 — The Bond Market Problem Investors Are Missing 12:27 — AI’s Inflation Shock 15:40 — Why the Market Is in the Speculation Phase 21:02 — Gold, Bonds & the New Safe-Haven Fight 23:35 — China Is Driving the Gold Market 31:09 — Could China Control Oil Next? 36:09 — Why Inflation Risk Is Mispriced 37:23 — Bitcoin Is Flashing a Liquidity Warning 39:48 — Why Stocks and Bonds Can Both Struggle 41:25 — A 1970s-Style Inflation Warning Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #MichaelHowell #GLIndexes #GlobalLiquidity #LiquidityCycle #Liquidity #MacroEconomy #Markets #StockMarket #Bonds #TreasuryMarket #Inflation #Fed #FederalReserve #AI #ArtificialIntelligence #Gold #GoldMarket #China #Bitcoin #Crypto #Oil #Commodities #RealAssets #PortfolioStrategy #marketvolatility ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ronnie Stoeferle, partner at Incrementum AG and co-author of the In Gold We Trust report, joins Wealthion’s Trey Reik to explain why gold’s rally may be about much more than a normal bull market.Stoeferle argues that gold is signaling a deeper loss of trust in the dollar-based monetary system, as de-dollarization, inflation volatility, central bank buying, and rising geopolitical risk reshape the global financial order. He also explains why gold may be entering the public participation phase of its bull market — with institutional investors only beginning to wake up to the role gold can play in portfolios.In this conversation, Ronnie and Trey discuss whether the Pax Americana is coming to a close, why fiat currencies look different when measured in gold, whether this is a monetary revaluation rather than a normal gold cycle, and what the In Gold We Trust report reveals about the future of money. 💡Ronnie Stoeferle says gold’s rally may be signaling something much bigger than a normal bull market — a shift in trust, inflation, and the global monetary order. For deeper real-assets research and more of this interview on gold, commodities, and hard-asset investing, join Wealthion’s Real Assets Community: https://bit.ly/4vmK3Gb 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion💡 To receive the In Gold We Trust report, sign-up and subscribe to IGWT for free at https://bit.ly/49BWl5j Chapters:00:00 Cold Open: Gold, Bitcoin & Monetary Revaluation00:49 Introducing Ronnie Stoeferle & In Gold We Trust03:24 Why Gold Is Really About “Everything Else”04:52 Back To The Monetary Future: Why History Matters06:48 De-Dollarization & The Erosion Of Trust09:04 Gold’s Surge & The Dollar’s Loss Of Purchasing Power11:33 Gold Vs. Fiat: The Charts Investors Need To See12:44 Dow Theory & Gold’s Public Participation Phase15:58 — EXCLUSIVE Why Gold Is Not In The Mania Phase Yet18:49 — EXCLUSIVE FOMO, YOLO, Gonzo & The HALO Trade22:28 — EXCLUSIVE Is The Commodity Supercycle Finally Here?27:21 — EXCLUSIVE The Five Pillars Supporting Gold’s Bull Market35:53 — EXCLUSIVE Kevin Warsh, The Fed & Gold’s Next Catalyst43:53 — EXCLUSIVE The Six Vectors Of Gold Remonetization51:32 — EXCLUSIVE Gold, Bitcoin, Miners & The Future Of Hard Assets Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #InvestmentAdvice #FinancialPlanning #WealthManagement #Gold #GoldInvesting #PreciousMetals #Commodities #Inflation #Dollar #DeDollarization #HardAssets #RealAssets #Markets #Macro #MonetaryReset ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

SpaceX is preparing for one of the biggest IPOs in market history — and OpenAI and Anthropic may not be far behind.In this interview with Wealthion’s Maggie Lake, WindRock Wealth Management founder Brett Rentmeester explains why this is not a normal IPO cycle. These companies are already so large that they could become major components of the S&P 500, potentially affecting investors whether they buy the IPOs directly or simply own index funds.Brett breaks down the risks for retail investors, why most people may not get access to the actual IPO price, how lockups and insider selling can create pressure, and why trillion-dollar valuations leave little room for error.For investors chasing the next big tech trade, Brett’s warning is clear: this IPO wave may create huge opportunity — but it may also bring major market risk. 💡Brett Rentmeester says this IPO wave could affect investors whether they buy these companies directly or simply own index funds. To understand how your portfolio may be exposed, get a free review with Wealthion’s trusted financial advisors at https://bit.ly/4nXV9il 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=WealthionChapters:00:00 Cold Open: The $3.5 Trillion IPO Wave00:28 SpaceX, OpenAI & Anthropic Set Up a Blockbuster IPO Year01:31 Why This IPO Cycle Is Different02:11 The IPO Market Has Changed Since the Dot-Com Era02:40 SpaceX Is Already 24 Years Old03:09 Could These Companies Join the Top 10 of the S&P 500?03:31 A Potential $3.5 Trillion Market Impact04:02 Why This Could Affect the Entire Stock Market05:23 How Bankers Price Mega-IPOs06:39 The Tesla IPO Comparison07:30 The Risk of Buying Late in the Growth Cycle08:04 Why Retail Investors May Not Get the IPO Price09:32 IPO Hype, Traders & Herding Mentality10:05 Why Some Investors Avoid the First Few Trading Days12:05 How Public-Market Scrutiny Changes the Game13:13 Why These Names Could Drive Index Funds14:50 Lockups, Insider Selling & Post-IPO Pressure16:14 Young Wealth, Innovation & the Next Market Leaders18:39 Fast-Track Index Inclusion and Passive Investor Exposure20:31 Active Management vs. Index Fund Risk21:12 Could Mega-IPOs Drain Capital From the Rest of the Market?21:58 Animal Spirits, Valuation Risk & the AI/Space Economy22:52 Don’t Get Married to the NarrativeConnect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #IPO #IPOs #IPOInvesting #StockMarket #Markets #TechStocks #PrivateMarkets #PublicMarkets #SpaceX #OpenAI #Anthropic #ArtificialIntelligence #AI #IndexFunds #SP500 #PassiveInvesting #ActiveManagement #RetailInvestors #MarketRisk #PortfolioStrategy #AssetAllocation #InnovationInvesting ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Fertilizer may be one of the most overlooked pressure points in the global economy — and Josh Linville says the current crisis is already hitting farmers hard. Josh Linville, Vice President of Fertilizer at StoneX Financial, joins Maggie Lake to explain why the feared “global famine” headlines may be overstated, but the fertilizer supply shock is very real. He breaks down why farmers are bearing the brunt of higher costs, how China’s fertilizer export restrictions are reshaping the market, and why pricing and supply problems could stretch into 2027. Linville also explains why the Strait of Hormuz disruption, Russia/Ukraine fertilizer flows, urea shortages, and rising protectionism could create longer-term risks for food prices, supply chains, and investors watching real assets. 💡Josh Linville breaks down why fertilizer could be the next major real-assets risk hiding in plain sight. Join Wealthion’s Real Assets Community for exclusive research and interviews: https://bit.ly/49ZtdF2 💡Josh Linville says the fertilizer panic may be overblown — but farmers are already getting squeezed, and the impact could ripple through food prices and portfolios. Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/4vnNqNj 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Chapters: 00:00 — Fertilizer Panic vs. Reality 00:38 — Why Fertilizer Suddenly Matters to Investors 00:59 — Are We Facing a Global Food Shortage? 01:13 — Why the Famine Headlines Are Overblown 02:28 — No Food Crisis, But Major Disruptions 03:02 — Fertilizer Prices Surge While Grain Prices Lag 03:58 — How Farmers Are Adjusting Fertilizer Use 05:12 — When Do Supply Chain Workarounds Break? 06:08 — Why This Shock Is So Hard to Forecast 06:36 — Urea Supply Risk and the Spring 2027 Warning 08:17 — Why Fertilizer Prices May Stay Higher 09:48 — China’s Underappreciated Fertilizer Risk 11:48 — Is Fertilizer Protectionism Spreading? 13:30 — Why the Choke Point Is Production and Shipping 14:27 — Could Government Intervention Become Structural? 15:43 — Why U.S. Urea Dependence Is a Problem 17:10 — Can America Ramp Up Fertilizer Production? 19:18 — Where Are the Fertilizer Entrepreneurs? 21:56 — Russia, Ukraine, and the Fertilizer Supply Chain 23:45 — Is There an Investment Play in Fertilizer? 24:47 — Could Fertilizer Costs Hit Food Prices? Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

George Goncalves, Head of U.S. Macro Strategy at MUFG, joins Maggie Lake to explain why the market may be underestimating a dangerous form of “stealth tightening.” Goncalves says the Fed may not have officially hiked rates — but the bond market has effectively done it for them. With borrowing costs still high, energy prices rising, consumers stretched, and equity markets trading “on their own planet,” he warns that the pressure is building beneath the surface. Could this be the moment when higher rates finally start to hurt? And if markets can no longer ignore the cost of funding, private credit risk, and stretched valuations — what breaks first? In this interview, Goncalves breaks down why the bond market is sending a warning, why recession odds could rise into the second half, and why investors may be facing a much weaker economic backdrop than the stock market suggests. 💡George Goncalves says “the markets hiked for the Fed” — and these high rates are starting to hurt. If you’re unsure how exposed your portfolio is, get a free review with Wealthion’s trusted financial advisors at https://bit.ly/4nXSzci 💡George Goncalves warns this may be a “stealth” tightening cycle — with higher rates, rising energy costs, and stretched markets increasing the risk that something eventually cracks. For exclusive real-assets research and interviews built for this kind of environment, join Wealthion’s Real Assets Community: https://bit.ly/4fMUE8P 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the bond market really warning of a U.S. debt crisis — or are investors misreading a distorted market signal? Michael Green, Chief Strategist and Portfolio Manager at Simplify Asset Management, joins Maggie Lake to explain why passive investing, regulation, and hidden leverage may be warping the way markets price risk. He argues that what many see as a collapse warning in long-term bonds may actually be a mechanical consequence of how capital is being allocated. Green also breaks down why investors may be ignoring one of the clearest retirement opportunities in years, why liquidity is weakening beneath mega-cap stocks, and why he believes the “real craziness” in markets may still be ahead. 💡Michael Green warns that passive investing, hidden leverage, and distorted market signals may be leaving investors exposed to risks they don’t fully see. Make sure your portfolio is prepared — get a free review with Wealthion’s trusted financial advisors at https://bit.ly/4wYAhfe 💡Michael Green warns that broken market signals, passive investing flows, and hidden leverage could create serious risks for traditional portfolios. For investors looking beyond stocks and bonds, join Wealthion’s Real Assets Community for exclusive real-assets research and interviews: https://bit.ly/4v5NctY Chapters: 00:00 — Michael Green’s Warning: Market Signals Are Broken 00:39 — Why Mike Wrote an Open Letter to the Treasury Secretary 01:04 — The Distortion Spreading Into the Bond Market 01:25 — Why a 5% 30-Year Bond Should Be Attracting Buyers 02:08 — Why Institutions Still Aren’t Changing Allocations 02:30 — How Passive Bond Indexing Creates Distortions 03:01 — Why Low-Coupon Bonds Are Being Ignored 03:36 — Are Investors Misreading the U.S. Debt Crisis? 04:47 — Passive Investing and the Breakdown of Price Signals 05:26 — Is the 60/40 Portfolio Really Dead? 06:12 — Why the 30-Year Bond May Help Retirees 07:04 — Why Investors Are Chasing Stocks Over Safer Yield 08:01 — Is the Government Bond Market Dysfunctional Globally? 09:27 — Mike’s “Golden Retriever” Explanation of Bond Prices 10:20 — Why Lower Bond Prices Don’t Mean Credit Distress Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Legendary gold investor Pierre Lassonde joins Wealthion’s Trey Reik to explain why he believes gold’s bull market is far from over — and why his $17,000 gold target may be more floor than fantasy. Lassonde argues that today’s market has eerie similarities to the 1970s: energy shocks, sticky inflation, rising deficits, financial repression, and a political system with little will to tackle the debt. He says those forces are reshaping the investment landscape and could drive gold dramatically higher as investors seek protection from currency debasement and declining confidence in paper assets. In this conversation, Lassonde breaks down his Dow-to-gold ratio framework, why he believes the Federal Reserve may not be able to stop inflation the way Paul Volcker did, and why gold remains one of the clearest signals of stress in the global monetary system. 💡Pierre Lassonde says $17,000 gold may be more “floor” than fantasy as deficits, inflation, and monetary change reshape the investment landscape. For more exclusive real-assets research and interviews, join Wealthion’s Real Assets Community: https://bit.ly/49rEcqK 💡With gold, inflation, and real assets back at the center of the market conversation, is your portfolio prepared? Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/4va4iqv 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Chapters: 00:00 — Cold Open: $17K Gold & Inflation Warning 00:55 — Trey Reik Welcomes Pierre Lassonde 02:04 — Why This Interview Is a “Reset” Moment 03:26 — Pierre Explains His $17,250 Gold Target 05:41 — Deficits, Debt, and Why Gold Goes Higher 06:59 — Financial Repression and the Fed’s Dilemma 08:18 — Why $17K Gold May Be the Floor 08:53 — Is Today Really Like the 1970s? 10:24 — Energy, Fertilizer, Food Inflation, and Wages 12:50 — Is Gold Still an Inflation and Geopolitical Hedge? 13:41 — Why Gold Can Pull Back Before Surging Again 16:22 — “Anyone Complaining?” Gold’s Bigger Move 17:05 — EXCLUSIVE: Pierre’s Four Conditions for Gold 20:35 — EXCLUSIVE: The Dollar Standard Is Shifting 23:05 — EXCLUSIVE: Why Gold Could Explode Higher 25:35 — EXCLUSIVE: Are Gold Miners Being Mispriced? 31:55 — EXCLUSIVE: How Pierre Values Gold Stocks 38:25 — EXCLUSIVE: Where Investors Should Look in Mining 46:10 — EXCLUSIVE: Jurisdiction Risk Is Very Real 49:20 — EXCLUSIVE: Copper, Gold, and Critical Metals 54:20 — EXCLUSIVE: Fuerte, Yukon, and the Next Mining Opportunity Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jim Bianco warns that beneath the market’s record highs, the rally is dangerously narrow — with AI and chip stocks doing most of the heavy lifting while large parts of the market struggle. He explains why AI may be the most important force in financial markets right now, how one private AI company is distorting S&P 500 earnings, and why investors may need to rethink what realistic returns look like in this new regime. 💡Jim Bianco says AI is now the most important force in financial markets — even bigger than oil, war, or recession fears. Concerned about what this means for your portfolio? Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/4nRoSK0 💡Jim Bianco says AI is holding up the market — but beneath the surface, the rally is narrow and investors may need to rethink diversification. For those looking beyond tech and paper assets, join Wealthion’s Real Assets Community for exclusive research and interviews: https://bit.ly/3PDn9Lp 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Chapters: 00:00 — Are Stocks Immune From Global Macro? 00:35 — The Rally Is Narrower Than It Looks 01:05 — AI Is Holding Up The Market 01:28 — Seven Stocks Are Carrying The Index 01:57 — Can Investors Underweight Stocks? 02:05 — Why The AI Boom Isn’t Totally Irrational 02:57 — The AI Cross-Ownership Effect 03:24 — Anthropic’s Huge Impact On S&P Earnings 04:20 — Why Valuations Haven’t Gone Crazy 04:47 — Can AI Spending Be Justified? 05:10 — The Software Stack AI Could Replace 06:24 — Replacing Software With One Prompt 06:50 — AI’s iPhone Moment 07:33 — The Promise And Risk Of AI 08:07 — Why Google Can’t Afford To Lose AI 09:17 — AI Only Works If It Replaces Existing Costs 09:40 — Big Winners, Big Losers 10:30 — Resetting Return Expectations 11:32 — Taking More Risk For Higher Returns 11:53 — Bonds And TIPS Become Attractive Again 13:03 — Take 5% And Sleep At Night Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #AI #ArtificialIntelligence #StockMarket #Markets #JimBianco #MarketOutlook #Bonds #Inflation #RiskManagement #WealthionInvesting ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

💡Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/4wIQqFk Daniel Lacalle, Chief Economist at Tressis and author of The New Global Economic Order, joins Maggie Lake to warn that the old portfolio playbook may no longer protect investors. Lacalle argues that persistent inflation, rising government debt, and what he calls a coming “monetary tsunami” are eroding the purchasing power of salaries, cash, and deposit savings. He explains why long-term bonds may no longer act as the safe haven investors expect, why real assets are rising as currencies lose value, and why stocks could continue to melt up even as the real economy feels weaker. From sovereign debt risk and higher yields to gold, silver, copper, coal, China, Europe, and the future of American exceptionalism, Lacalle lays out why investors may need to rethink how they protect wealth in a world of fiscal excess and currency debasement. 💡Join Wealthion’s Real Assets Community for exclusive real-assets research and interviews: https://bit.ly/4wIBO8Q Chapters: 00:00 Why Investors Are Mispricing Risk 00:58 Bonds May No Longer Protect Portfolios 02:56 The “Monetary Tsunami” Ahead 05:49 Are We Facing a Sovereign Bond Crisis? 08:04 Why Voters Keep Demanding More Spending 11:20 Savers, Inflation & Lost Purchasing Power 13:11 Why Rate Cuts May Not Fix Higher Yields 15:42 Can Stocks Melt Up Anyway? 18:13 Why Value Investors Face a Tough Market 20:46 Stranded Assets & Government Tax Risk 24:02 Why the U.S. Still Leads Global Markets 27:39 China, Central Planning & American Exceptionalism 31:50 Gold, Silver & the Role of Real Assets 35:09 The New Global Economic Order 41:03 Geopolitical Risk, Ukraine & Iran 44:35 Final Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #DanielLacalle #MaggieLake #Inflation #Savers #PurchasingPower #RealAssets #Gold #Silver #Commodities #CurrencyDebasement #MoneySupply #Investing #Finance #Markets #Macro #Economy #Wealth #PortfolioStrategy #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

💡Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/3PBaXei Jim Bianco, President of Bianco Research, joins Maggie Lake at a critical moment for markets: oil prices remain elevated, global bond yields are under pressure, and investors are suddenly questioning whether the Fed can cut rates at all. Bianco explains why the bond market is reacting to renewed inflation risk, why the path from expected rate cuts to possible rate hikes has happened so quickly, and why higher Treasury yields could eventually start to weigh on stocks. He also breaks down the narrow AI-led rally, with Nvidia earnings putting the market’s dependence on chip stocks and data-center spending back in focus. With bonds, oil, inflation, the Fed, and AI all colliding, Bianco lays out what investors should watch next — and why the market may be more fragile than the indexes suggest. 💡Join Wealthion’s Real Assets Community for exclusive real-assets research and interviews: https://bit.ly/4wLeck8 Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Finance #Investing #JimBianco #BiancoResearch #MaggieLake #Bonds #BondMarket #TreasuryYields #InterestRates #FederalReserve #RateHikes #Inflation #OilPrices #Markets #StockMarket #Macro #PortfolioStrategy #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

💡Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/4tHZurkIs America’s global edge really fading — or is the dollar still too dominant to dethrone? Steve Hanke joins Maggie Lake to explain why he doesn’t buy the idea that American exceptionalism is over, even as China chips away at U.S. influence, gold buying rises, and investors question the future of dollar dominance. Hanke argues the real strength of America isn’t just politics or military power — it’s the depth of U.S. capital markets and the global demand for dollar-based assets. But the risks are building at the margins. Chapters: 00:00 — Is America’s Edge Fading?00:35 — Why Hanke Says “Not Really”01:35 — Why the Dollar Still Rules02:55 — The Real Source of U.S. Power04:15 — De-Dollarization Fears05:45 — China, Gold & Treasuries07:35 — Why the Yuan Isn’t Ready09:15 — The Dollar’s Throne Remains Intact 💡Join Wealthion’s Real Assets Community for exclusive real-assets research and interviews: https://wealthion.com/realassets Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

💡Join Wealthion’s Real Assets Community for exclusive real-assets research and interviews: https: https://bit.ly/3RiShjY Gold, oil, copper, stocks, bonds, and Treasuries are all sending a message — and it may not be the one investors want to hear. Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, joins Maggie Lake to explain why gold’s surge may be a warning sign, not a green light; why copper remains dangerously tied to the stock market; and why bonds — especially long-term U.S. Treasuries — may be one of the few true hedges left if risk assets finally roll over. 💡Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/49WgaUK Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

💡Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/49R1cPT In part two of Open Position with Steven Feldman, Steven and the  Founder of Rosenberg Research, David Rosenberg delve into AI and extreme market imbalances. Steven worries that unlike past technological revolutions, AI is uniquely threatening because it directly replaces human cognitive labor, while David calls it "the most disruptive innovation" in history. They also discuss the economic metrics that show stock prices are irrationally priced compared to bonds. Steven suggests real assets are the only true safe haven right now and David lays out his portfolio balance while recommending  his contrarian, hard-asset heavy "Bond, Bullion, and Barbell" strategy to protect against an eventual economic and political reckoning. 💡Sign up for David’s newsletter or any of his valuable services by going to rosenbergresearch.com Chapters: 1:27 The Data that Shows AI will be “The Most Disruptive Innovation in History” and the Potential Negative Economic Fallout from it 7:24 The Data Behind David’s Push Back Common Inflation Views and How to Invest for it 10:45 David’s 3 Philosophies 11:45 The Data David Says Supports Bonds Over Equities 14:35 Steven’s Counter Argument and  Why Real Assets are the Only True Safe Haven 19:35 David’s Gold View and the Data Behind A $6k Valuation 25:41 David’s Portfolio Mix 28:30 Steven’s Gold View and Data Supporting Upside 30:25 What’s Keeping David Up at Night 35:45 "There’s Going to be a Reckoning" 38:14 What is David Solving for? Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

💡Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/4uKXY8y In this deep conversation between two of the most experienced men in the real assets economy, GBI & Wealthion CEO Steven Feldman hosts Rosenberg Research and Associates economist David Rosenberg for a revealing foray into the current markets and the future. They discuss the fact that financial markets are in a state of "unprecedented imbalance" and highlight the significant disconnect between headline economic data and the reality for the average person. David Rosenberg has a major warning for baby boomers, including stagnation in nearly every sector while Steven asks the provocative question — is a bear market what investors need? CHAPTERS 2:00 David’s Financial Strategy Foundation 5:12 Have A Plan B 7:27 Why Investors Aren’t Changing Positions and the Problems That Come with that 12:17 Markets Are Due for a Heart Attack 14:33 “We’re Living Through One of the Top 3 Manic Markets in History” 23:30 Is A Bear Market What Investors Need? 26:45 There are K’s Everywhere 27:28 How AI Plays Into the Future 💡Join Wealthion’s Real Assets Community for exclusive real-assets research and interviews: https://wealthion.com/realassets Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

💡Get a free review with Wealthion’s trusted financial advisors at https://bit.ly/42BHhAC Jonathan Wellum joins Maggie Lake to break down why today’s market looks dangerously stretched — from AI-driven speculation to passive investing distortions — and why he believes investors should be paying much closer attention to real assets, active management, and the emerging commodity supercycle. With recent inflation data showing price pressures remain stubborn and unrelenting, Wellum argues the market may be underestimating the staying power of inflation — and the risks hiding beneath the surface of the stock market rally. 💡Join Wealthion’s Real Assets Community for exclusive real-assets research and interviews: https://wealthion.com/realassets CHAPTERS: 0:00 Inflation Is More Persistent Than We Think 1:29 Wellum’s Inflation Outlook for 2026 4:00 The Global Debt Crisis Is “Intractable” 6:01 How to Think About Bonds and Duration 7:02 Gold, Commodities, and Protecting Purchasing Power 9:06 Copper, Silver, and the AI Buildout 11:26 The AI Arms Race and Big Tech Spending 12:46 Be Careful Chasing AI Stocks 17:23 Are We in a Commodity Supercycle? 24:21 Buffett, Berkshire, and Dry Powder Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

💡Want to see more of this interview, including Rudi's take on copper, gold, silver, and the future of real assets? Join Wealthion’s Real Assets Community for exclusive real-assets research and interviews, including Wealthion's Virtual conference, an "Insiders Guide Into Investing in Real Assets." https://bit.ly/4ttENPy Copper is pushing toward record highs — even as Middle East uncertainty, market volatility, and global growth fears dominate headlines. In this conversation, Trey Reik speaks with Rudi Fronk, President & CEO of Seabridge Gold , about why copper’s strength may be sending a major signal for investors. Fronk breaks down the growing demand for critical metals, the supply pressures facing the mining industry, and why hard assets could become increasingly important in the years ahead. Is copper warning us about what’s coming next? Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices