Retail behavior and early innings thesis

Stijn Schmitz welcomes Jay Martin to the show. Jay Martin is Host of The Jay Martin Show & Vancouver Resource Investment Conference. In this wide-ranging discussion, Martin provides deep insights into the current global economic landscape, focusing particularly on gold, commodities, and geopolitical shifts. Martin argues that the current gold market represents more than just another investment trend. Central banks are purchasing gold primarily due to two key factors: diminishing confidence in the US dollar’s value and increasing unpredictability of US geopolitical policy. Unlike previous asset rallies, gold represents a fundamental monetary asset that signals broader economic transformations.

They explore the emerging competition between the United States and China, which Martin views through two primary filters: supply and demand dynamics, and economic competitiveness. He suggests we are exiting the 40-year era of globalization, entering a more uncertain geopolitical landscape where countries are carefully navigating alliances and economic interests. Martin highlights significant developments like China’s strategic investments in critical minerals, the potential de-dollarization through mechanisms like the BRICS settlement currency, and the United States’ efforts to re-shore manufacturing and regain control of critical supply chains. He estimates the cost of reshoring could be tens of trillions of dollars, potentially creating unprecedented inflationary pressures.

Regarding global commodities, Martin sees a supercycle driven by massive underinvestment over the past 15 years. He uses copper as a prime example, noting consistent decade-over-decade demand growth despite technological disruptions and economic recessions. The discussion also touches on the complex dynamics of the BRICS alliance, which Martin views as a temporarily unified group primarily motivated by reducing dependence on the US dollar. He predicts this alliance will eventually fracture as its members’ fundamental differences emerge. Martin concludes by discussing his upcoming Vancouver Resource Investment Conference and Commodity University, platforms designed to educate investors about the nuanced world of resource investing.

Timestamps:
00:00:00 – Introduction
00:01:17 – Gold Cycle Perspective
00:06:53 – Gold Remonetization Thesis
00:10:40 – Mystery Gold Buyer
00:18:20 – Commodity Supercycle Overview
00:24:00 – World View Framework
00:28:28 – Belt and Road Initiative
00:30:19 – De-Dollarization Trends
00:37:51 – US Reshoring Strategy
00:42:40 – Venezuela Conflict Analysis
00:46:24 – Russia’s Geopolitical Role
00:50:40 – BRICS and Multi-Polarity
00:54:28 – Investment Conference Details
00:56:12 – Commodity University Program
01:00:00 – Concluding Thoughts

Guest Links:
X: https://x.com/JayMartinBC/
Conference: https://cambridgehouse.com/vancouver-resource-investment-conference
Website: https://cambridgehouse.com/
YouTube: https://www.youtube.com/@TheJayMartinShow
Commodity University: https://www.thecommodityuniversity.com/

Jay Martin is the President & CEO of Cambridge House International Inc.

His ideal day begins with a hard workout followed by dark coffee and a couple of hours to read anything related to futurism and geopolitics.

Since 2011 he has expanded Cambridge House from Canada’s leading junior mining conferences to become Canada’s most recognizable brand in public venture capital. Today, Cambridge House produces the largest investment conferences in the country in both technology and natural resources and hosts the largest video library of investment content in Canada.

Jay sits on the board of the Entrepreneur Organization, a global business community of over 12,000 leading entrepreneurs in 53 countries worldwide.