Tom welcomes back John Rubino, Former Wall Street Analyst, Author & Substacker for a discussion on the current economic landscape and its implications for investors. Rubino discusses the end of a credit supercycle, highlighting the risks of hyperinflation, deflation, and stagflation due to global fiat currency systems. He emphasizes the importance of real assets like gold, silver, and energy during potential financial chaos.
Rubino also addresses the role of energy prices, particularly oil, in driving inflation or deflation. He suggests that lower oil prices could lead to a short-term deflationary period, followed by inflationary pressures as central banks respond with low interest rates. This creates uncertainty but opportunities for resilient investments.
The discussion touches on President Trump’s policies, including tariffs and reshoring, which could lead to wage inflation and geopolitical tensions. Rubino warns against the risks of negative interest rates and the potential need for a currency reset, possibly returning to a gold standard.
For investors, Rubino recommends focusing on real assets such as precious metals, energy, and farmland. He suggests dollar-cost averaging in gold and silver and cautious investment in mining stocks, particularly mid-tier and explorers with growth potential. Jurisdictional risks, especially in countries like Mexico, are highlighted as critical considerations.
Rubino also stresses building personal resilience through community ties, skill development, and owning productive assets.
Time Stamp References:
0:00 – Introduction
0:45 – Framing This Flation
3:49 – Oil’s Role & Energy Price
9:36 – Deflationary Scenarios
16:06 – Zero Rates & Q.E.
20:35 – Inherited Problems & Trump
22:50 – PMs & Tariff Policies
27:04 – Oversold Markets
29:28 – Gold Fundamentals
31:28 – Gold Silver Ratio
33:15 – Silver in a Recession?
36:20 – Investment Advisors & Metals
40:13 – His Focus in Miners
45:46 – Take Profit Guidelines
48:10 – Mexican Gov’t Policy
50:53 – Other Opportunities?
55:17 – Staying Resilient
57:18 – Wrap Up
Guest Links
Substack: https://rubino.substack.com
Books: https://tinyurl.com/5buyvy6v
John Rubino is a former Wall Street financial analyst and author or co-author of five books, including The Money Bubble: What To Do Before It Pops. He founded the popular financial website DollarCollapse.com in 2004 and sold it in 2022, and now publishes on Substack.
