Goodhart, Weldon, & Christian All Gold Bulls

McAlvany Weekly Commentary

Charles Goodhart's Central Bank Experience Leans Towards Gold Greg Weldon Is A Current Gold Bull Analyst Jeffrey Christian Sees Gold Higher "What we see in terms of demand dynamics are unique. They are very unique. In the past, we had local concerns in a global gold and silver market, and that took us to all-time highs. This time is different. That's always going to be four dangerous words to conjure, but in each precious metals bull market of the past, there was some domestic audience somewhere doing most of the buying. And this time it's everyone everywhere." —David McAlvany Kevin: Welcome to the McAlvany Weekly Commentary. I'm Kevin Orrick along with David McAlvany. I have to admit, Dave, it was fun; when you talked to the office about doing half Ironman in Hawaii, and you said that you would pay for the entry fee and you applied some money even for the travel, I was in. That surprised me because I could barely swim, and that was fascinating, but that was almost 10 years ago. And I look back, I did mine and I finished, and then I was done. I was pretty good with that, it was time for me to return to my books, my reading, my other hobbies. And you, you instead just kept going. And I think there was a cost to that; you didn't read as many books during that period of time, but by golly, you were fit. David: I did try and— Kevin: Oh, pun intended. I did try. David: Well, I remember one long ride getting ready for the full Ironman in 2019, and I tried listening to the biography that Niall Ferguson wrote on Henry Kissinger. And after listening to it twice, I saved myself reading 800 pages twice, but I could tell you that Metternich was important in his thought development. And that was about it from 800 pages. Kevin: But you got 40 hours of training, physical training, and while you were listening. David: Oh, gosh. Well, there've been a flurry of guests this year, and we started with Edward Chancellor, extending that to the most recent interviews with Jeffrey Christian and Greg Weldon. A little bit of explanation, my schedule has changed in the last year and opened up considerable time to read again. As many of you know, the triathlon bug hit, it was about 10 years ago. I've been reasonably competitive in my age bracket since then. The process described in my book, The Intentional Legacy, is one that comes natural to me, reverse engineering projects and objectives. And that's what the triathlon and my time targets have become, and I've done dozens of them. After a series of back-to-back marathons in 2023, my knees offered a protest, and I decided to listen to my knees. And so training has been substituted with reading, and reading near to the volumes I was running at in 2008 to 2016 prior to the Ironman races. Kevin: You talked about what you wrote about in The Intentional Legacy book that comes naturally to you. Triathlon and a lot of the endurance types of sports are very solitary, and there's benefits to that. I remember the hours of training just for that half Ironman back 2015. Is that when we did that? David: 2016 was the race. We started training in 2015. Kevin: We did, yeah. And I remember a full year of training for that, but it's very solitary. And like I said, that has benefits. But Dave, something that you've always really been careful to do. We are made up of the books we read and the people we surround ourselves with. And you did have to slow down on reading books, but you are really good at assembling teams. I think about the team here at McAlvany, you assemble strategists, traders, people who are really good in their various areas. You've tried to do this through the years—we're on year 17 in the Commentary—you've tried to do this with the books you read and the people you surround yourself with, including interviews. And oftentimes, Dave, when we're sitting, as you know, on a Monday night when we're talking about what we're going to record; our conversation ac...