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Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Francis Hunt, The Market Sniper, joins Darrell to discuss why he believes the West is moving deeper into a sovereign debt crisis and why rising yields remain central to that thesis. Francis explains his view that higher borrowing costs, refinancing pressure, and capital concentration are creating a dangerous feedback loop across Western economies. He also shares his outlook for oil, gold, silver, hard assets, and why he believes precious metals may be approaching another major opportunity as confidence in debt and fiat currencies deteriorates. https://www.youtube.com/user/TheMarketSniper http://www.themarketsniper.com/ twitter.com/themarketsniper Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why Francis still sees a debt-driven collapse 1:42 Why he expects Treasury yields above 6% 4:42 The growing sovereign debt problem in Europe 7:13 Why Francis remains bearish on Western bonds 10:09 What a Western debt crisis means for everyday people 13:26 The capital squeeze hitting the real economy 16:01 Why energy is central to the inflation problem 20:43 How high could oil go? 24:28 Which hard assets perform best in a debt crisis? 26:43 Why Francis is turning bullish on precious metals again 27:32 The gold-silver ratio signal he is watching 30:48 Why metals pullbacks may be getting shorter 35:33 Why high bond yields may be a trap 36:29 Which countries could fare better in a global crisis? 41:04 Inflation, monetization and financial repression 44:19 Where to follow Francis Hunt Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Matthew Piepenburg of Von Greyerz joins Darrell to discuss why rising sovereign bond yields are becoming one of the clearest signs of a global debt crisis. Matthew explains why higher borrowing costs are pressuring governments, why he believes central banks will ultimately respond with more currency debasement, and why that strengthens the long-term case for gold and other hard assets. Check out Matthew's work at Von Greyerz: vg.gold Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why rising bond yields matter 2:31 The global debt and currency crisis 7:10 Why central banks keep losing control 9:24 Are bond markets overpowering the Fed? 12:15 How debt crises become social crises 16:28 France as a warning for other economies 21:47 Why politics cannot solve the debt problem 28:11 Why Matthew would avoid Treasuries 33:44 Gold-backed bonds and gold revaluation 40:13 What a gold revaluation could mean for silver 45:17 What Matthew would sell right now 47:44 Why hard assets could lead the next cycle 49:26 The risks building inside AI Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Melody Wright, author of the M3 Melody Substack, joins Darrell to discuss the weakening economy, rising Treasury yields, and why she believes the AI data center boom is one of the last major supports holding growth together. Check out Melody's work: https://x.com/m3_melody https://m3melody.substack.com/ Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why AI data centers are holding up the economy 4:52 How Melody is positioning right now 6:08 Why energy could be the next major story 8:59 The power problem behind the AI boom 12:00 Melody’s outlook for gold 14:04 Has the Fed lost control of the bond market? 17:09 Inflation, demand destruction and falling prices 19:41 Is the housing market heading for a bigger correction? 24:15 What is driving the rise in foreclosures? 27:36 Why Melody believes housing is oversupplied 30:15 Why she is staying out of equities Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Andy Schectman, President of Miles Franklin, joins Darrell to discuss how he is positioning across gold, silver, mining shares, natural resources, short-term Treasuries, and other assets. Andy argues that resource equities remain deeply under-owned, points to unusually strong physical delivery activity in gold and silver, and lays out his theory that sophisticated buyers may be accumulating metal while prices remain under pressure. Follow Andy: https://x.com/MilesFranklinCo https://www.youtube.com/@MilesFranklinMedia https://milesfranklin.com/ Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 How Andy is positioning right now 5:48 Why he likes mining and natural resource stocks 10:13 What’s really happening in gold? 12:37 The surge in COMEX physical deliveries 16:37 Who is actually taking ownership of the metal? 18:42 Could the U.S. government be accumulating gold indirectly? 19:25 Why Judy Shelton’s appointment matters 22:27 Central banks are bringing their gold home 24:03 Andy’s outlook for silver 28:29 Has the major metals correction already happened? 30:30 What retail investors are doing right now 32:13 The shift toward a multipolar monetary system 35:12 Why traditional portfolios may no longer work Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference David Stockman, former Director of the Office of Management and Budget and publisher of Contra Corner, joins Darrell to discuss America’s long-term fiscal trajectory, rising interest rates, and why he believes today’s financial markets are dangerously overvalued. David explains why he prefers gold and short-term Treasury bills, argues that the Fed may be entering a more hawkish era under Kevin Warsh, and lays out why higher rates could pressure both the economy and the AI-led stock market. Check out David's work: https://x.com/DA_Stockman https://www.davidstockmanscontracorner.com/ Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 America’s fiscal path and how David is positioned 3:10 Why the debt trajectory is unsustainable 5:59 Why David prefers gold and short-term Treasuries 8:09 Why he avoids long-duration bonds 10:10 Default, austerity or inflation? 11:44 Could Kevin Warsh become a “junior Volcker”? 13:07 Why the Fed may stop monetizing debt 16:37 Why higher rates could end the Wall Street party 17:13 The AI valuation problem 20:10 How much market cap could disappear? 21:31 Can Warsh withstand political pressure? 26:04 Why today’s debt load is far more dangerous than 1980 29:47 What higher refinancing costs mean for the economy 32:54 What happens to the dollar? 34:35 Why David remains bullish on gold 36:56 Could the U.S. revalue gold or issue gold-backed bonds? Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Michael Pento of Pento Portfolio Strategies joins Darrell to discuss why he has moved his portfolio to a neutral stance and why he believes the combination of equity, bond, and real estate bubbles could create a much more severe downturn in 2027. Michael explains how a liquidity crisis could initially pressure gold and miners, why he expects the Fed to eventually respond with aggressive rate cuts and money printing, and how that could set up a much stronger move in gold afterward. Michael's links: https://pentoport.com/ https://x.com/michaelpento Registration for the VRIC 2027 is available now, get your tickets TODAY: https://vricmedia.com/conference Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why Michael has gone neutral 2:06 What happens in a liquidity crisis 3:35 How the Fed could respond to a crash 6:22 Why yields may stay higher than expected 8:08 Can the Fed ever get inflation back to 2%? 11:11 Why Michael thinks rates are still headed higher 13:17 Why higher rates could break the AI boom 16:10 The three bubbles Michael says could burst together 18:42 How Michael is positioned now 22:17 Why he sold his gold miners 23:03 When he would buy gold and miners again 25:06 Why gold price targets may not matter 27:04 Why the next gold cycle could be much bigger 28:43 How Michael is hedging the portfolio 31:13 Why Pento believes these are not normal times Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Ted Oakley, CEO and founder of Oxbow Advisors, joins Darrell to discuss the risks he sees in today’s highly concentrated stock market and why he believes investors should be paying more attention to hard assets. Ted compares the current AI boom to the late 1990s, explains why he remains cautious on long-duration bonds, and shares his outlook for energy, gold, miners, royalties, and cash. He also discusses why broad index investors may be less diversified than they think and why protecting capital becomes especially important later in life. Check out Ted's work: https://x.com/Oxbow_Advisors https://oxbowadvisors.com/ https://www.youtube.com/@OxbowAdvisors Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 The biggest risks Ted sees today 3:02 Is the AI boom starting to look like 1999? 4:38 How far could the S&P 500 fall? 5:32 Why Ted prefers energy and gold 7:51 Why energy may still have further to run 9:16 Where Ted is investing across the energy sector 12:42 Ted’s outlook for gold 14:57 Why central banks are supporting gold 16:46 Why Ted still likes gold miners 18:58 Why he avoids most junior miners 21:32 Why Ted is staying away from long bonds 22:56 The end of the 40-year bond bull market 25:04 Why investors should hold dry powder 26:33 The hidden concentration inside index funds 28:59 Why older investors may be taking too much equity risk Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Mike McGlone of Bloomberg Intelligence joins Darrell to discuss why he believes the biggest risk facing metals, crypto, and commodities is still the U.S. stock market. Mike explains why 5% Treasury yields are becoming increasingly attractive, why he sees gold, silver, copper, and Bitcoin as highly sensitive to any equity-market correction, and why a normal post-inflation deflation cycle could pressure risk assets further. He also shares his outlook for crude oil, TLT, recession risk, and why he believes Treasuries may offer one of the more compelling setups in today’s market. Follow Mike: https://x.com/mikemcglone11 https://www.linkedin.com/in/mike-mcglone-a8442513/ https://www.bloomberg.com/professional/ Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why Mike turned bearish on metals 1:37 Why 5% Treasury yields matter 2:24 Metals are becoming “stock puppets” 4:56 Why the election could pressure energy prices 7:30 Energy crisis, rate hikes and deflation risk 8:04 Where Mike sees opportunity now 9:25 Why Treasuries compete with risk assets 10:56 Is the 60/40 portfolio really dead? 12:59 Can the government tolerate higher yields? 14:21 Why Mike is scaling out of risk assets 15:15 What could finally stop the Fed from hiking? 17:30 Is TLT becoming a contrarian opportunity? 19:13 What would confirm the Treasury trade? 20:09 TLT versus simply holding cash 21:02 Why “buy the dip” could eventually fail 22:52 What performs best in a recession? 24:10 Mike’s downside targets for oil and gold 25:31 Why $4,000 gold may not hold 27:33 What Mike would buy after a major correction 28:12 Why Mike still sees Bitcoin at $10,000 29:56 Why crypto excesses still need to be flushed 31:32 The market test Bitcoin hasn’t faced yet Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Christopher Whalen of The Institutional Risk Analyst joins Darrell to discuss rising bond yields, higher mortgage rates, and why he believes the economy is entering a more difficult environment for banks, consumers, and real estate. Chris explains why he has reduced exposure to financials, increased exposure to energy and precious metals, and expects the Fed may eventually be forced back into aggressive bond buying. He also discusses housing affordability, weakness in the consumer economy, energy shortages, REITs, and why he believes parts of the AI trade may be overextended. Follow Chris: https://x.com/rcwhalen https://www.theinstitutionalriskanalyst.com/ Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 What rising bond yields mean for the economy 3:38 How Chris is positioned for higher rates 5:43 Gold and silver in a higher-rate environment 7:21 Why long-term yields are rising now 9:20 Why the Fed may have to start buying bonds again 10:13 Can inflation return to 2%? 11:40 Is the consumer already weakening? 13:35 How affordability could shape the midterms 15:28 Chris’s view on Bank of America 17:01 Which major banks are performing best? 18:34 Stablecoins, tokenization and Treasury demand 20:29 How higher rates affect mortgage REITs 23:30 Why housing is shifting toward a buyer’s market 25:52 How far could home prices fall? 27:17 Why Chris remains bullish on energy 29:58 Why refining capacity matters more than most investors realize 31:13 Why diesel prices could stay elevated 34:56 What Chris would be selling right now 35:51 Why the AI trade may be running out of steam Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Jim Rickards, New York Times bestselling author and editor of Strategic Intelligence, joins Darrell to discuss why inflation may become a deliberate tool for reducing America’s debt burden in real terms. Jim explains how debt-to-GDP can fall even while deficits remain large, why inflation favors borrowers over creditors, and how investors might think about hard assets, precious metals, natural resources, and selective leverage in that environment. He also discusses energy bottlenecks, Russia and Iran, gold’s resilience, uranium, rare earths, and why he believes the financial side of the AI boom could end badly even if the technology itself remains important. Follow Jim's work: https://x.com/RealJimRickards https://rickardswarning.com Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Can the U.S. inflate away its debt? 2:15 Why America is unlikely to default 4:49 Why debt-to-GDP matters more than the headline debt number 8:01 How the U.S. reduced its debt burden after World War II 9:25 Why growth and inflation can lower debt-to-GDP 13:16 How Jim would position for higher inflation 16:31 Hard assets, leverage and inflation winners 18:39 Energy markets and geopolitical risk 21:53 Why diesel is a critical inflation bottleneck 24:19 Ukraine, Russian refineries and energy supply 27:19 Russia, Nord Stream and possible energy deals 29:48 Could sanctions on Lukoil be lifted? 31:08 Why Jim wants a U.S.-Russia reset 32:23 Russia’s role in ending the Iran war 37:01 Why Jim remains bullish on gold 40:56 Jim’s role in the original petrodollar system 44:13 Outlook for uranium and rare earths 48:01 Why Jim is bearish on the AI investment boom Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Doomberg joins Darrell to discuss how they are positioned through today’s macro uncertainty, why they continue to accumulate gold, and the importance of following a disciplined investment framework instead of reacting emotionally to markets. Doomberg also shares concerns about the current geopolitical cycle and the risk of escalation in Europe, before turning to energy markets and explaining why today’s diesel shortage could eventually flip into a major glut. Check out Doomberg's work at https://doomberg.com Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 How Doomberg is positioned today 1:03 Building an investment strategy without emotion 5:19 Why knowing yourself matters as an investor 8:02 Gold, land and other hard assets 9:35 The discipline behind Doomberg’s gold strategy 12:45 Why Doomberg stopped trying to trade gold 14:15 Could the U.S. revalue gold? 14:55 The psychology behind gold investing 17:32 Why Doomberg avoids chasing clicks 19:25 Where are we in the Fourth Turning? 20:05 Why Doomberg sees a dangerous geopolitical phase 23:27 Authoritarianism and the left-right divide 25:38 Doomberg’s outlook for the energy sector 26:20 Why the diesel boom may be nearing its peak 27:37 The math behind the diesel shortage 29:35 How refinery changes could create a glut 31:19 Why shortages eventually become surpluses 32:28 Doomberg’s approach to research and publishing Copyright © 2026 Cambridge House International Inc. All rights reserved.

Lyn Alden joins Darrell to discuss the structural bear market in bonds, and why she believes the U.S. may already be living through a slow-moving sovereign debt crisis. Lyn also explores the transition toward a more multipolar world, central bank gold accumulation, reshoring and commodity demand, the outlook for mining equities, opportunities in Latin America, foreign currencies, and why she believes Bitcoin may have already formed a major bottom. Follow Lyn: https://x.com/LynAldenContact https://www.lynalden.com/ Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why bonds may be in a structural bear market 4:03 Are higher yields still a threat to banks? 8:09 Fiscal dominance and the “gradual print” 10:22 Where are we in the long-term debt cycle? 12:23 Why most people don’t understand the bigger macro cycles 17:14 Why the crisis may look like slow stagnation 20:49 Social Security and the generational divide 22:52 Are we already in a sovereign debt crisis? 25:26 Central bank gold buying and the multipolar world 30:48 Reshoring, critical minerals and commodity demand 35:44 Lyn’s outlook for the mining sector 38:23 How Lyn evaluates investments 42:04 Why Lyn remains bullish on Latin America 45:19 Foreign currencies and diversification 47:38 Lyn’s latest outlook for Bitcoin 49:29 Broken Money, fiction and what Lyn is writing next Copyright © 2026 Cambridge House International Inc. All rights reserved.

Dr. Mark Thornton of the Mises Institute joins Darrell to discuss declining trust in government, rising interest in Austrian economics, and why he believes the current monetary system is creating deeper problems for savers and the middle class. Mark examines rising bond yields, the breakdown of the traditional 60/40 portfolio, growing allocations to gold and silver, and the possibility that governments attempt to inflate away their debt burdens. Check out Dr. Thornton's Work https://x.com/DrMarkThornton https://mises.org/ Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why interest in Austrian economics is growing 4:52 Government corruption and the case for smaller government 6:36 Why trust in money is breaking down 8:30 The long-term outlook for the dollar and bonds 10:34 Is the traditional 60/40 portfolio breaking down? 12:29 Why long-term bonds may no longer provide protection 14:44 Gold, silver and commodities as portfolio hedges 19:01 Can the U.S. inflate away its debt? 22:05 Why Mark favors austerity over inflation 24:17 How high could inflation go? 27:25 Is Washington seriously considering sound money? 29:16 Why Mark remains skeptical of a return to gold-backed money 32:07 Lessons from Reagan’s Gold Commission 35:49 The history behind U.S. gold coins and the dollar 40:27 America’s widening wealth gap 42:23 How Federal Reserve policy redistributes wealth 47:20 Why consumer spending is masking middle-class weakness 50:50 The link between Fed policy, Treasury debt and Congress 54:23 Why Mark believes spending cuts must be much larger Copyright © 2026 Cambridge House International Inc. All rights reserved.

Chris Vermeulen of The Technical Traders joins Darrell to discuss what rising Treasury yields could mean for stocks, real estate, bonds, and precious metals. Chris walks through the technical setup pointing toward potentially higher yields, explains why he believes long-duration bonds remain vulnerable, and shares his outlook for gold, silver, Bitcoin, copper, and the broader equity market. Check out Chris' work: https://x.com/TheTechTraders https://thetechnicaltraders.com/ Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Rising yields and pressure on markets 4:04 Are we entering a new era of higher yields? 5:07 Could the 10-year Treasury reach 8%? 7:23 Can the Fed stop a bond market crisis? 9:30 Why government intervention may not be enough 11:00 The collapse in long-term Treasury bonds 13:00 Why Chris still sees downside in TLT 15:11 Gold versus rising yields 17:31 Chris turns bearish on gold 19:39 Silver’s next downside target 20:32 How a stronger dollar could pressure metals 22:16 Where Chris is positioned now 23:55 How long his equity trades can last 25:47 Why foreign capital keeps moving into U.S. stocks 27:21 Bitcoin turns bullish again 29:02 Strategy and Bitcoin-related equities 31:25 Copper remains in an uptrend 33:35 What happens to commodities in a recession? 34:34 Why Chris warned investors near the metals peak Copyright © 2026 Cambridge House International Inc. All rights reserved.

Dr. Nomi Prins of Prinsights Global joins Darrell to discuss renewed demand for gold, rising central bank purchases, and why she believes the metal remains well positioned despite higher bond yields and recent Fed tightening. She explains how sovereign reserve diversification, growing U.S. debt, Treasury buybacks, and the Fed’s expanding balance sheet are reshaping the financial system. Nomi also discusses gold repatriation by central banks, the role of physical gold as collateral, and why inflation remains heavily tied to energy prices. Nomi's links: https://x.com/nomiprins https://prinsightsglobal.com/ Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why gold ETF demand is surging 2:37 Why Nomi expects gold demand to continue 4:02 Gold producers, margins, and year-end momentum 5:27 Why central banks are choosing gold over Treasuries 7:14 The geopolitical shift behind reserve diversification 9:30 Why Nomi still sees gold moving higher 9:51 How governments manage rising debt 12:00 Why hard assets matter in a high-debt world 13:28 Are we already in a debt crisis? 14:44 Treasury buybacks and the return of QE-style policies 17:17 The Fed’s rate hike versus its growing balance sheet 19:00 Why rate hikes may do little to control real-world inflation 21:12 Gold repatriation and declining trust between nations 24:38 Why central banks want physical gold closer to home 26:52 Gold versus long-dated bonds Copyright © 2026 Cambridge House International Inc. All rights reserved.