Morning Brew Daily Gold Shines Past $4K First Time Ever & Strava and Garmin Are Beefin’
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Oct 8, 2025 The podcast dives into gold's historic surge past $4,000, signaling shifts in investor sentiment towards safe havens. A 10% stake in Canadian mining firm Trilogy Metals by the Trump administration stirs market frenzy and speculation on future 'Trump Trade' winners. Meanwhile, drama unfolds as Strava sues Garmin, creating anxiety among fitness enthusiasts. California takes a stand against loud streaming ads, improving user experience. Lastly, Tesla prompts mixed reactions with its affordable Model Y launch, while prediction markets gain traction with a hefty investment from ICE.
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Nobel Winner Missed Calls While Hiking
- Paul Ramsdale won the Nobel while hiking off-grid and missed the committee's calls for 12 hours due to airplane mode.
- Neil Freeman noted the committee had never had such difficulty reaching a laureate in recent memory.
Gold Rally Reflects Dollar Concerns
- Gold topped $4,000 an ounce as investors fled traditional safe havens amid deficits, a weak dollar, and a government shutdown.
- Professional investors call this a debasement trade betting the dollar will lose value over time.
Flight To Gold Risks Systemic Signals
- Big investors warn that a shift to gold as the preferred safe haven signals trouble for global finance reliant on the dollar and U.S. bonds.
- Ken Griffin called investors favoring gold over the dollar "really concerning" because it undermines dollar-backed financial plumbing.
