The David Lin Report 'Day Of Reckoning' Near: Why Social Security Won't Exist In 10 Years | Peter Grandich
Jul 14, 2025
Peter Grandich, founder of Peter Grandich and Company, shares his 40+ years of Wall Street wisdom. He discusses the copper market's recent surge triggered by tariffs and its implications for inflation. Grandich warns of an impending economic 'day of reckoning' due to unsustainable national debt. He advocates shifting investments from tech stocks to precious metals, highlighting their potential as safe havens. The conversation also touches on the looming retirement crisis and the need for systemic reform to protect future financial security.
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Copper's Record Rally and Tariffs
- Copper's price surged 40% in 2025, driven partially by Trump's 50% tariffs announcement.
- Despite tariffs' inflationary costs, copper's long-term scarcity supports a bullish outlook.
Commodity Supercycle Ignored by Markets
- The ongoing commodity supercycle is supported by rising metals and a weakening U.S. dollar.
- Investors mostly ignore this, focusing on stocks, indicating the commodity rally can continue.
Stock Market Has Fundamentally Changed
- Today's stock market is dominated by passive and algorithmic trading, not individual investors.
- This shift means old investment rules are obsolete, and current enthusiasm may indicate a late market cycle.