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Gold produces no cash, so its entire return depends on what a later buyer will pay. After an exit it is best understood as insurance against a loss of trust in money — and judged as insurance, not by what it earns.
The durable protection against inflation is not a hedge but ownership of businesses whose pricing power turns higher prices into growing cash. Inflation is a stress test best passed by owning the right things beforehand.
The AI revolution’s real bottleneck isn’t chips anymore — it’s electricity. And that shift is creating one of the most compelling structural opportunities in today’s equity market.
In a week where a ceasefire moved the Dow 1,300 points and oil swung 16% in a single session, the investors who thrive are the ones who already did the work.