Peter Grandich delivers his most bearish outlook in a 40+ year career, predicting 2026-2027 could be the most challenging years in 50 years due to mounting debt ($38T heading to $50T), political division worse than any time since the Civil War, and a deteriorating middle class hanging by its fingernails. He explains why this was his best five-year period after moving entirely into gold and precious metals in 2021, with price targets of $5,000 for gold and $100 for silver still ahead. He warns we're in the earliest stages of becoming a banana republic as BRICS launches a gold-backed trading unit and de-dollarization accelerates.
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Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia
Links:
https://x.com/PeterGrandich
https://petergrandich.com/
https://www.amazon.com/Confessions-FORMER-Wall-Street-Whiz/dp/B096LPRYW6
Timestamps:
00:00 Intro and welcome Peter Grandich
01:17 Macro view - not a lot of positive things to say
09:47 Best year in five years - gold and precious metals trade
13:52 Oil prediction: $50 before $150
15:12 Deteriorating middle class hanging by fingernails
21:41 Most concerned he's ever been in 40+ year career
23:01 Trump's trade war mistakes
28:21 De-dollarization and dollars coming back to US
30:18 Solutions: Return to moral compass and faith
35:48 Wealth preservation vs appreciation for investors
41:31 Passive investing
45:12 The 12 factors of why party like 1929 will bite back
47:58 Biblical wisdom on debt and finances
49:19 Parting thoughts
