The Meb Faber Show: “Gold Is Screaming a Warning (But No One’s Listening)”
The Meb Faber Show: “Gold Is Screaming a Warning (But No One’s Listening)”
My guest today is Russell Napier, an independent financial market strategist, financial historian, and author of The Solid Ground investment report. In 2014, he founded the charitable venture The Library of Mistakes — a free-to-use library of financial history.
In today’s episode, Russell explains why investors are asking the wrong questions at a critical turning point in financial history. He how financial repression, shifting monetary regimes, and political priorities are reshaping capital markets. To close, he explains the dangers of yield chasing, why technology won’t defeat inflation, and why gold may be signaling what comes next.
To see links or read the transcript of the episode, visit us at: https://www.themebfabershow.com/episo…
(0:00) Starts
(3:14) Regime change & parallels to post-World War II Europe
(8:06) The search for yield is dangerous
(17:38) The disconnect between GDP growth and equity returns
(23:14) The impact of inflation & deflation on equity valuations
(25:56) Technology doesn’t defeat inflation
(30:20) Monetary system changes, gold prices, and American exceptionalism
(37:50) Extrapolation is the opiate of the people
(48:26) Book recommendations
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