The year 2026 has begun like a cannon shot. Events seem to be on 2x speed and high volume.
Extreme change like this will always catch many people unprepared. But consistent consumers of the below publications will not be among them.
A few of these content creators have taken some time off to recharge over the holidays, but their keen analysis will resume. Make the reading of or listening to their work a regular part of your weekly routine, and you’ll be high and dry during the flood of change to come.
Here’s an example: do you have silver in your portfolio? You might want to see what’s said (or written) on the subject in the below-summarized publications.
Key Takeaways:
- If home runs are a challenge, go for lots of base hits
- The also-ran metal prepares to lap the competition
The McAlvany Weekly Commentary: Q&A: Your Questions Answered #2
David and Kevin repeatedly return to the core theme that precious metals—especially gold and silver—are in a structural bull market that will not politely wait for perfect entry points. Much of the discussion centers on silver: ratio trading with gold (done incrementally, not heroically), the implications of silver’s “strategic” designation, and the powerful push‑pull between industrial demand, emerging technologies like solid‑state batteries, and investor demand during monetary stress. David also addresses persistent listener concerns about capital gains taxes (with IRAs and Roths as the primary legal shelter), gold confiscation (unlikely, but penalty taxation more plausible), and how much wealth to hold offshore (framed practically as optionality, not percentages). Broader macro themes include a managed decline in the U.S. dollar, the limits of technical analysis in regime shifts, skepticism toward stablecoins, and the role of platinum as a small, asymmetric diversifier. Portfolio construction recurs throughout: balance liquidity, insurance, and growth; avoid over‑concentration; respect volatility. The conversation rounds out with candid reflections on investment mistakes, mining‑jurisdiction risk, banking safety, healthcare planning in retirement, and the enduring value of human ingenuity—especially if cheap energy ever changes the game.
Doug takes some rare time off from writing as 2025 rolls into 2026. He’ll be back soon with more insights on markets and events as these momentous times continue.
Hard Asset Insights: Not All That Glitters is Gold in 2026
Morgan opens the discussion by framing 2026 as a pivotal year for precious metals, with gold firmly re‑established as a strategic asset rather than a mere inflation hedge. He highlights how central bank buying—aimed at reducing dollar exposure and boosting reserve resilience—has shifted gold’s role in the global system, noting that even mainstream institutions are now floating targets near $5,000 an ounce, likely still behind the curve. From there, Morgan pivots to silver, arguing that this is the year when “not all that glitters is gold.” Silver’s relative breakout versus gold, historically followed by price doubling, combines this time with a powerful industrial demand story. He spends significant time on Samsung’s silver‑intensive solid‑state battery technology, which could radically reshape demand across EVs, electronics, aerospace, and grid storage—potentially overwhelming global mine supply already running persistent deficits. Morgan also explains why silver supply is uniquely inelastic, making higher prices a likely balancing mechanism. Along the way, he cautions listeners to expect volatility and sharp corrections, even within a bullish trend, and briefly reviews recent cross‑asset performance to underscore how unsettled markets remain. The message is clear: gold anchors the thesis, but silver may steal the spotlight.
The New Year holiday, like Christmas, occurred on GRR’s publication day, so the team remains on break. Look for its incisive analysis to resume next week.
