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Central banks continue to accumulate gold, with 84% expecting gold reserves to grow over the next five years. Meanwhile, cracks are forming in the AI trade, and the Fed’s traditional monetary tools aren’t working as expected. This week, we look at shifting capital flows, China’s continued gold buying, and what these trends could mean for […]

David McAlvany looks at the growing strain in global bond markets and why investors are beginning to worry about more than just inflation. The discussion also covers the risks of hedge fund leverage, foreign money flowing into U.S. markets, and why questions about government solvency could make physical gold increasingly important. Thanks for listening. “Now […]

The AI buildout needs trillions of dollars, and borrowing costs are climbing. This week, David McAlvany looks at whether AI revenues can keep up with the debt, why the speed of rising rates matters, and the case for holding cash and gold while waiting for better prices. 10 Year Treasury Accelerates To 5.3% Pressure & […]

The AI boom is making enormous promises. But can the power supply, infrastructure, and revenues keep up with the debt being used to finance it? This week, David McAlvany examines the risks behind a projected $10 trillion AI buildout, from construction delays and rapidly outdated chips to revenue assumptions that leave little room for error. […]

New research suggests China may hold far more gold than its official figures show, while its U.S. Treasury holdings continue to fall. This week, we discuss rising fuel costs and bond yields, the Fed’s latest rate hike, and why stock investors seem largely unfazed. We also look at troop movements in Europe, warnings from Poland, […]

Trump To Warsh: Be A Patriot & Lower Rates Bond Market To Warsh: Raise Rates Or Face The Consequences Take Your $5,000 Trump Dividend & Buy An Ounce Of Gold China is now on its 22nd straight month of gold buying, even as prices climb and central banks continue adding to their reserves. David McAlvany […]

Financial Conditions Have Not Been This Loose In 5 Years Mag 7 Now Being Called The “Lag 7” Dutch Government Wants Its Gold Repatriated From U.S. To London Financial conditions are the loosest they have been in five years, risk markets remain comfortable, and investors are still borrowing aggressively to stay long. At home, the […]

Jack Gamble of @NobodySpecialFinance joins David McAlvany to follow the money behind the AI boom. Jack examines the circular financing connecting Nvidia, CoreWeave, OpenAI, Microsoft, and others, along with massive data center spending, GPU depreciation, mounting debt, and the constant need for new capital. AI may prove transformative, but does that mean today’s investments will […]

This week we look at Scott Bessent’s efforts to keep foreign buyers like Japan invested in U.S. Treasuries, the growing likelihood of financial repression, and why investors like Stanley Druckenmiller are pushing back on the direction of fiscal and monetary policy. If the plan is to manage the debt through inflation, suppressed rates, and a […]

James Rickards joins David McAlvany to discuss the growing fault lines beneath global markets, including the yen carry trade, pressure in the Treasury market, geopolitical risk, and why he believes gold’s bull market is far from over. They also explore Rickards’ latest book, MoneyGPT: AI and the Threat to the Global Economy, and how artificial […]

This week’s show is built entirely around questions from our audience. David McAlvany discusses Fort Knox, the possibility of a deliberate dollar devaluation, and how Washington may ultimately deal with the national debt. He also examines why gold has continued to rise without broad participation from American investors and what could happen if retail demand […]

If the Federal Reserve cannot bring inflation back to 2%, could it simply change how inflation is defined? This week, David McAlvany explains why a new inflation framework might improve the official numbers without changing the prices people actually pay. David also continues the listener Q&A, covering when to sell precious metals, swapping silver for […]

This week, David returns to several of the unanswered questions submitted during our June 17 webinar, covering inflation, the dollar, gold, and how investors should think about positioning in a changing market. They also examine the massive debt burden building beneath the AI boom as Tesla falls 30% from its May peak and Google drops […]

In this special edition of the McAlvany Weekly Commentary, we revisit highlights from our June 17, 2026 McAlvany Wealth Mangement webinar, When Old Assumptions Fray: Positioning for the New Market Order. David McAlvany examines why the assumptions that shaped the last several decades may no longer fit an environment of persistent inflation, rising debt, elevated […]

The French Revolution offers a profound lesson in what happens when monetary disorder becomes a political crisis. Meanwhile, artificial intelligence is “transforming” the economy, but many households are still struggling with the cost of everyday necessities. This week, David McAlvany examines inflation, the enormous capital flowing into AI, and Amazon’s decision to borrow billions to […]