The Jay Martin Show Grant Williams: Soaring Gold Prices signifies dark times ahead.
Oct 4, 2025
Grant Williams, a macro investor and author of 'Things That Make You Go Hmmm...', shares insights on the factors driving gold's soaring prices, highlighting its renewed popularity as both an asset and safe haven. He discusses the implications of central banks diversifying away from the U.S. dollar toward gold and the unsustainable governmental spending in Europe. Williams also unpacks the geopolitical shifts between the U.S. and China, and the cautious investor behavior in today's uncertain climate, advocating for patience and capital preservation.
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Gold's Dual Personality
- Gold behaves as both a speculative asset and a safe-haven at the same time, driven by emotion and flows rather than cash flows.
- Expect sharp spikes and corrections; trading and owning require different mindsets.
Own, Don't Trade Gold
- Own gold with a long-term mindset instead of 'buying' it as a short-term trade.
- Treat gold as a reserve and avoid trying to time short-term momentum.
Central Banks Are Rebalancing Reserves
- Central banks are buying record amounts of gold to diversify reserves and reduce reliance on the US dollar.
- These purchases act as a steady bid under gold and reflect concern about asset seizure and sanctions risk.
