In his latest appearance on Schwab TV, David McAlvany, CEO of McAlvany Financial Companies, shares timely insights on the commodities markets, including gold, oil, and bitcoin.
- Gold: Despite short-term volatility, gold remains up over 26% year-to-date, with strong long-term performance supported by central bank buying and impressive 10- and 20-year compound growth rates. David explains why gold continues to outperform equities as a store of value and portfolio diversifier.
- Bitcoin: While adoption continues, David cautions that Bitcoin still trades like a risk asset, not a true safe haven, and may expose corporate portfolios to significant downside in times of economic stress.
- Oil: David discusses why declining shale production may limit global supply over the next several quarters, despite current demand softness.
