Ideas
Silver favored on strong physical demand
He says physical demand for both gold and silver has been surprisingly strong and continues to impress even ardent bulls. While silver can lag gold and occasionally run ahead, he includes silver in his favored commodity list alongside gold and copper, so the same physical-demand-driven precious-metals thesis applies.
Gold miners re-bought on strong metals
He took profits in gold mining stocks into a correction but re-entered in recent days because the physical-driven strength in precious metals is compelling. He remains bullish on metals and expects M&A in the metals and mining industry to increase into next year, which should support mining equities.
Gold to $5,000 as physical demand dominates
Grandich is strongly bullish on gold and believes $5,000 is a matter of when, not if. He argues the physical market, especially Far East and central-bank buying, now overpowers the paper market, and that central banks would have to become net sellers to end the bull market. He also points to major institutions recommending up to 20% gold allocations, a shift from 60/40 to 60/20/20, and the U.S. dollar losing economic and military power as evidence gold is becoming a monetary reserve asset again.
US dollar losing global power
He says the U.S. dollar continues to lose its economic and military power as countries and BRICS move away from the United States and seek monetary alternatives that include gold. This structural decline is part of why he favors gold and hard assets.
Junior resource stocks benefit from M&A
He had backed up the truck to junior resource stocks and then narrowed holdings to a handful that were taken over. He now says metals and mining M&A is increasing and will continue into next year, making junior resource names potential takeover candidates.
Avoid US stocks, favor sidelines
He is very concerned that the next couple of years could be damaging to financial markets and produce losses, saying the risk is too great for large exposures to stocks and bonds, especially for older or conservative investors. He wants to stay on the sidelines and focus on capital preservation rather than chase the market.
Metals bullish on rising mining M&A
He remains very bullish on metals and says mergers and acquisitions in the metals and mining industry are increasing and will continue into next year. This supports broad metals exposure beyond the specific gold, silver, copper, and uranium calls.
Avoid private equity and private credit
He warns that private-equity and private-credit companies are in dire trouble, citing BlackRock private-credit investments that went from 100 to zero in bankruptcy. He sees the push to open these markets to the general public as a signal of much deeper problems underneath financial markets.
Cash and T-bills for capital preservation
Grandich wants cash and cash equivalents to be the single largest part of the portfolio starting in January, prioritizing capital preservation over appreciation for the next couple of years. He holds money-market funds, CDs, and T-bills, and argues that a small inflation-related cash loss would be preferable to a possible 20-40% loss in stocks.
Avoid AI stocks as worse-than-2000 bubble
He calls the AI circular-financing structure worse than the dot-com bubble, with extreme vendor financing and data centers that cannot run because there is not enough power. Once investors realize the market's AI expectations cannot be met, he expects the trade to cave, so he prefers to stay on the sidelines rather than participate.
Favor commodities over financial assets
He tells clients that if they are going to hold sector exposure, it should be commodity-related, including energy, food, and similar areas, because there is far less risk there than in financial assets. He says he likes commodities if he is going to have exposure.
Copper favorite, expected slow steady higher
Copper was his favorite metal and remains so. He thinks it will move slow but steady higher because the supply-demand picture is getting much better, and his single largest holding is in what he hopes will be Canada's next big copper-gold mine.
Avoid Western Europe, especially UK and France
He expects the European Union to implode within a few years, saying the German engine that drove it has blown up. He would avoid Western Europe and warns that the United Kingdom and France in particular face huge economic, social, and political problems.
Bitcoin is the biggest mistake to own
He calls owning Bitcoin the biggest mistake anyone could make now. He argues central banks, the biggest players in the monetary system, are not touching Bitcoin and are focused on gold and only gold, and he questions why Bitcoin has not risen despite its limited supply.
Uranium stocks: power-demand perfect storm continues
He says uranium stocks have already run a lot, but the perfect storm continues because demand for electrical power is great and will keep growing. This keeps him positive on uranium equities.
Singapore market favored for growth
In discussing where to invest for growth, he says he loves the Singapore market as part of his preference for Asian markets, and he argues that where you invest is as important as what you invest in.
China growth supports Chinese stocks
He thinks China is continuing to move forward and past the United States, and that its growing economy will need commodities. He explicitly says he loves the Chinese stock market and includes it among the Asian growth markets he favors.
This The David Lin Report video, published November 12, 2025,
features Peter Grandich
discussing SILVER, GDX, GOLD, GLD, USD, Junior resource stocks, SPY, XME, PSP, BIZD, CASH, Money market funds, CDs, BIL, AIQ, DBC, COPPER, EWQ, VGK, EWU, BTC, Uranium Stocks, Singapore stocks, FXI.
17 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Peter Grandich
· Tickers:
SILVER,
GDX,
GOLD,
GLD,
USD,
Junior resource stocks,
SPY,
XME,
PSP,
BIZD,
CASH,
Money market funds,
CDs,
BIL,
AIQ,
DBC,
COPPER,
EWQ,
VGK,
EWU,
BTC,
Uranium Stocks,
Singapore stocks,
FXI
