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.

This episode is brought to you by VanEck. 

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