Will Gold Keep Climbing? Deep Dive into Safe Havens & Market Hedging

11 Oct 2025 · 10 min

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In short

Podcast Summary: Earn Your Leisure

Episode Title

Will Gold Keep Climbing? Deep Dive into Safe Havens & Market Hedging

Hosts

  • Rashad Bilal
  • Troy Millings
  • Ian Dunlap (Financial Analyst)

Episode Overview In this episode of *Earn Your Leisure*, the hosts discuss the recent significant rise in gold prices, which have reached near all-time highs, and its performance compared to other assets, particularly in the context of economic uncertainty and government volatility. The conversation covers the role of gold as a safe haven asset, contrasts it with riskier investments, and discusses global economic factors that could impact its value.

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Key Concepts

Gold as a Safe Haven Asset

  • Current Performance: Gold has outperformed the NASDAQ year-to-date.
  • Historical Context: Gold has long been considered a hedge against economic instability and government issues.
  • Investor Types:
  • Risk-On Investors: Favor assets like AI stocks, crypto, and tech.
  • Pro Hedge Investors: Prefer safe-haven assets like gold.

Market Conditions Affecting Gold

  • Government Volatility: Economic uncertainty and potential government shutdowns bolster gold's appeal.
  • Quantitative Easing: Discussion on how aggressive money printing in past crises (2008, COVID-19) affected gold prices and could do so again.

Predictions and Insights

  • Price Predictions: Ian suggests gold could reach prices upwards of $3900 by year-end.
  • Retracement Factors: Risks such as changes in federal policy and interest rates could lead to a pullback in gold prices.

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Discussions

Balancing Risk in Investment Portfolios

  • The importance of holding a balanced portfolio that includes both high-risk and safe-haven assets.
  • Methodologies for assessing asset performance and making informed investment decisions.

Global Gold Dynamics

  • Gold Exports from Guinea: Rashad shares insights about Guinea's role in gold exports, including two cargo flights per week to Dubai loaded with gold.
  • Historical Trends: Advises looking at a 50-year historical chart of commodities, particularly gold, to understand long-term trends and cycles.

The Golden Rule of Investing

  • Follow the Money: The necessity of keeping an eye on economic indicators and market movements to make informed decisions.
  • Discipline in Investment: Emphasis on the need for disciplined investment strategies to avoid losses.

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Key Takeaways

  • Gold's Resilience: Despite economic fluctuations, gold remains a strong investment strategy, especially in uncertain times.
  • Investment Mindset: A disciplined approach and awareness of economic conditions are crucial for successful investing.
  • Global Market Awareness: Understanding global dynamics is essential to making informed investment choices, especially in commodities like gold.

Call to Action

  • Engage with the content by liking, subscribing, and sharing thoughts on the topic.
  • Encouragement to continue learning about hedging strategies and safe-haven assets in investing.

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Conclusion This episode provides listeners with valuable insights into the current state of gold in the market, the importance of hedging strategies in investment, and practical advice for both novice and seasoned investors. The discussion emphasizes the need for awareness of the broader economic landscape and disciplined investment practices.

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Transcript

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0:00This is an iHeart Podcast. Guaranteed Human.

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1:14The ledge was on the TV. Rakim had the Buckethead Kangol join on. My pops was like, that's Rakim. That's who you named after. I just, damn the f***ing f***ing swag. But listen to the Questlove show on the iHeartRadio app, Apple Podcasts, or wherever you get your podcast. A new year doesn't ask us to become someone new. It invites us back home to ourselves. I'm Mike Della Rocha, host of Sacred Lessons, a space for men to pause, reflect, and heal. This year, we're talking honestly about mental health, relationships, and the patterns we're ready to release. If you're looking for clarity, connection, and healthier ways to show up in your life, Sacred Lessons is here for you.

1:58Listen to Sacred Lessons with Mike Delaroach on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. This episode is brought to you by PNC Bank. A lot of people think podcasts about work are boring, and sure, they definitely can be. But understanding a professional's routine shows us how they achieve their success little by little, day after day. It's like banking with PNC Bank. It might seem boring to save, plan, and make calculated decisions with your bank, but keeping your money boring is what helps you live a more happily fulfilled life. PNC Bank, brilliantly boring since 1865.

2:36Brilliantly boring since 1865 is a service mark of the PNC Financial Service Group, Inc. PNC Bank, National Association, member FDIC. We'll start with gold. Yep. But gold's at nearly an all-time high, and it's been reaching high. I saw some stats the other day where gold has actually outperformed the NASDAQ over the last year to date. And once again, you know, we talked about gold before the election. When Mike Novogratz, that was one of his things that he was real big on before the election. He was just saying that he thought that gold and Bitcoin were the two assets to hold because of the volatility in the government.

3:20And then with the government shutdown, we're going to talk about a little later as far as Bitcoin, you know, breaking new levels. But gold also as far as like has been doing well for a very long period of time. And that's a safe haven for people that don't believe in central currencies. So gold, is this something that's going to continue to go up over the course of time? Absolutely. You have two types of investors. You have risk on investors, which are pro AI, pro crypto, pro technology. And then you have pro hedge investors. And in this case, both are right. We're going to talk later if this era is mirroring 1999 to 2000.

4:02but the thing that's really important is when you own asset classes you want them to hedge against each other gold is the ultimate hedge that is end up outperforming a lot of classes as you just mentioned and i don't see this pulling back anytime soon i know it's outside of a normal range for if you look at a multi-quarter range but i think possibly by end of year we could even be at 391 291.92 on gold. There is inherent risks in the market that people are talking about. I know IWM is up. I know the Nikkei was up because of the prime minister being elected or selected. But I think too many people have risk on and no hedge.

4:50So if the market does tank, I think gold will still continue to climb. One of the best investments and best assets of all time, if you look at it from since inception and it's not going to slow down anytime soon so yes uh gold will continue to climb higher i agree with you i'll agree with you i'll take the other position in a standpoint of what would cause it to have a retracement right especially with government uncertainty we're not going to like there was supposed to be a jobs report last week we didn't get it fed policy we're not getting it since there's a lockdown is there something i don't even know if it's in the near future but at some point that would cause a sharp retracement in the price of gold?

5:29Yeah. So in 2010 through 15, it was printed up money, quantitative easing, and that money flowing around. So unless they printed the way they did in 2008, 2009, and that money circulates through, that would be the only thing to take some of the capital off. Because now if interest rates go to zero, it's risk going for every asset. Run a business and not thinking about podcasting? Think again. More Americans listen to podcasts than ad-supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined. So whatever your customers listen to, they'll hear your message.

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6:46NLP was used on me to access my subconscious. NLP, aka Neuro Linguistic Programming, is a blend of hypnosis, linguistics, and psychology. Fans say it's like finally getting a user manual for your brain. It's about engineering consciousness. Mind Games is the story of NLP. It's crazy cast of disciples and the fake doctor who invented it at a New Age commune and sold it to guys in suits. He stood trial for murder and got acquitted. The biggest mind game of all? NLP might actually work. This is wild. Listen to Mind Games on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Every January, we're encouraged to start over.

7:31But what if this year is about slowing down and learning how to understand ourselves more deeply? What if this year is about giving ourselves permission to feel what we've been holding and knowing that it's okay to ask for help? I'm Mike Della Rocha, host of Sacred Lessons. This is a podcast for men navigating stress, emotional health, fatherhood, identity, and the unspoken pressures we're taught to carry alone. We talk honestly about mental health, about healing generational wounds, and about learning how to show up with more presence and care. If you want a healthier relationship with yourself and the people you love, then Sacred Lessons is the podcast for you.

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9:35It's all bets on, all money in. Shout the net, rest in peace. but unless we have that kind of money flowing worldwide, there's no reason to take a short against gold. Because some people are starting to say, well, gold is overvalued. Hidden certain levels on our side. But it's like if you don't know the macroeconomic environment, I don't think the United States or even China is in a position to print money how they did in 08, 09 or 2020 as a result. And for that reason, I'll stay long on gold. Yeah, I mean, we printed the money printing definitely during COVID was even higher than that. And so now I'm with you.

10:13I think it still appreciates. I just wonder if there is something like, is it a Fed policy that changes? Obviously, we know if interest rates, the expectation is that interest rates will continue to fall. I don't think we'll get to zero anytime soon or if we ever will. Just that piece is like, yes, this is a hedge that we should be in. Just a thought, though. going back to Ray Dalio's conversation though um shout out to Ray um you want an all-weather portfolio I don't agree with the assessment of because the public all-weather portfolio versus what is done privately um at that firm is different but gold is a good cornerstone investment for sure but I don't think unless interest rates go back to one percent or zero and money is printed, that gold is going to fall apart.

11:01And once again, if Novogratz is bold enough and loving enough to tell you this is what's going to happen and this is what I'm investing in, why not just listen to what he's saying? He's not just talking his book. He's giving you the playbook ahead of time. Just follow to what he's saying as well. I think the golden rule is we follow the money. Like the tea leaves are left for you. We have a tough time in this space when you're learning and you're learning things on your own. And you're kind of like, well, I should follow it. But you go against your intuition. Sometimes it's painted for you. It's right in front of you.

11:44You just got to follow the path. And stop being hard-headed. Yeah. Yeah. I will be a disciplined investor. Thank you. Put a yes in check. Or you deserve to be broke. You don't even need a book. You deserve to be broke if you don't listen. You deserve it. Up to you. That's a fact at all times. And gold, you know, we are one of the major hubs of gold right now as far as Guinea. And a lot of people are not even familiar with the country. They've never heard of the country before. But the country has a population of 12 million people. So it's a relatively small country. But the UAE, so they have a flight what's the airline?

12:30Emirates? Emirates, yep. And it flies two times a week from here to the UAE and the plane is a cargo plane that's loaded with gold and two trips every single week full of gold. to Dubai? To Dubai. Think about that. Every twice a week. Every week. The real transfer fee. That's the gold that they can account for. Import, export. There are other minerals that they are shipping that might contain gold inside of it. Just because of the refining process that hasn't been online yet. There might be gold that's going through other minerals as well. And for commodities, a good exercise is to look at a 50-year historical chart just to see what the overall trend is.

13:32There's a reason why that plan is going in and out and we have such a robust storage of it at Fort Knox. Ernest, what's up? Look, this episode is brought to you by Square Banking. One of the things we love most is seeing neighborhood businesses level up. There's this West Indian spot right in our community that started with a small takeout counter. Now with Square, they've been able to expand into a full sit-down restaurant and even started catering events across the city. That's the kind of growth that inspires us, and it's powered by Square. Square is built for all types of businesses, from the corner bagel shop that turned into a local chain, to the specialty market with thousands of unique items to the stylist who's been holding you down for years.

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15:44to join your cult? NLP was used on me to access my subconscious. Mind Games, a new podcast exploring NLP, a.k.a. neurolinguistic programming. Is it a self-help miracle? A shady hypnosis scam? Or both? Listen to Mind Games on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hello, hello, all my people. What's up? It's Questlove. Recently, I had the opportunity to sit down with the one and only ASAP Rocky. He reflects on his journey from Harlem roots to global icon status and discovering the hip-hop origin of his name. The ledge was on the TV. Rakim had the bucket hat Kangol join on.

16:25My pops was like, that's Rakim. That's who you named after. I just was like, damn the f***ing f***ed, I swear. But listen to The Questlove Show on the iHeartRadio app, Apple Podcasts, or wherever you get your podcast. A new year doesn't ask us to become someone new. It invites us back home to ourselves. I'm Mike De La Rocha, host of Sacred Lessons, a space for men to pause, reflect, and heal. This year, we're talking honestly about mental health, relationships, and the patterns we're ready to release. If you're looking for clarity, connection, and healthier ways to show up in your life, Sacred Lessons is here for you.

17:03Listen to Sacred Lessons with Mike De La Rocha on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hey, it's Joel. And Matt. From HowToMoney. if your New Year's resolution is to finally get your finances in shape. We've got your back. Prices, they're still high, and the economy is all over the place. But 2026 is the year for you to get intentional and make real progress. That's right. Each week, we break down what's happening with your money, the most important issues to focus on, and the small moves that make a big difference. Kick off the year with confidence. Listen to How to Money on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

17:41This is an iHeart Podcast. Guaranteed Human.

From the publisher

Welcome back to Market Mondays! In this insightful clip, Rashad Bilal, Troy Millings, and financial analyst Ian Dunlap sit down to break down gold’s explosive performance—nearly at an all-time high and even outpacing the NASDAQ year to date! If you’ve been following the markets or are worried about economic uncertainty, this discussion is for you. Ian gives his perspective on gold as the ultimate hedge in your portfolio, especially in times of government volatility or looming shutdowns. The guys dissect the reasons why gold and other “safe haven” assets like Bitcoin continue to shine under these market conditions, pointing to big voices like Mike Novogratz who have championed gold amidst uncertainty. They talk about the importance of balancing “risk-on” assets (think: AI stocks, crypto, tech) versus solid hedges like gold. Troy plays devil’s advocate and prompts a conversation about what, if anything, could cause gold to retrace or pull back. Ian’s response? Unless we see major global money printing and near-zero interest rates like in 2008 or during COVID, gold’s run looks far from over. On top of that, Rashad gives some on-the-ground perspective from Guinea, a major hub for gold exports, revealing the scale of gold flowing out to places like Dubai every week. They go deep on gold’s historical trends, why central banks and big funds still stockpile it, and why being a disciplined investor is more important than ever. Whether you’re new to investing or a seasoned pro, you’ll get key takeaways on building a balanced portfolio and following the “golden rule”: follow the money and don’t ignore what’s right in front of you! *Don’t forget to like, subscribe, and share! Drop your thoughts and questions on gold and hedging in the comments below.* #MarketMondays #GoldInvesting #SafeHaven #FinancialFreedom #PortfolioHedge #InvestingWisdom #Bitcoin #Nasdaq #MikeNovogratz #GovernmentShutdown #InterestRates #Commodities #GoldVsCrypto #AllWeatherPortfolio #RayDalio #FinanceTalk #DubaiGold #GuineaGold #FollowTheMoney

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