The Julia La Roche Show · Saturday, September 26, 2026
Chris Whalen asserts that despite short-term fluctuations in response to rising yields, gold's medium to long-term strength is driven by structural market changes, including global central bank accumulation and persistent fiscal deficits. He notes that countries like China and Russia are increasing their gold holdings.
“However, if you look at the structural changes in the market with global central banks, the Chinese, the Russians, all the rest of it, it's very clear that people are allocating their money to gold instead of dollars. And that's the medium to long-term trade.”
“investors around the world continue to view gold as an important portfolio asset amid persistent fiscal deficits, rising government spending, and continued central bank buying.”