Find us at www.crisisinvesting.com

In this episode, Doug and Matt discuss the recent activity in metals and mining markets, including the U.S. government's strategic initiatives to stockpile critical minerals. They scrutinize Trump's $12 billion Project Vault and proposals to expand the export-import bank's budget, exploring how these moves could affect the mining industry. The conversation then shifts to the burgeoning AI landscape, noting developments in AI that enable bots to interact, remember, and even form communities autonomously. Doug and Matt also delve into the criticism of governmental interference and potential impacts on investors, touching on the broader implications of AI on the job market and future technological advancements. The episode wraps up with investment advice and Doug's thoughts on regulatory changes.

00:00 Introduction and Market Overview

00:16 Government Interventions in Mining

01:06 Economic Implications of Government Actions

03:23 Historical Context and Strategic Metals

11:05 AI Developments and Ethical Considerations

18:35 Impact of AI on Jobs and Industries

23:09 Gold and Silver Market Dynamics

30:13 Conclusion and Investment Advice

Find us at www.crisisinvesting.com

Doug and Matt Discuss Iran Tensions, Precious Metals Market, and Investment Strategies In this episode, Doug and Matt tackle timely questions from their subscribers, focusing on the escalating tensions with Iran and potential U.S. actions under President Trump. They explore the potential impacts on regional stability and the global economic landscape, including how it might affect oil prices and military strategies. The conversation shifts to the precious metals market, with an emphasis on silver and gold's recent bullish run, investment strategies, and the arbitrage between different markets. Doug and Matt also advice on when to sell and swap precious metals, discuss the impact of industrial demand on prices, and address the importance of a global perspective on investments.

00:00 Introduction and Subscriber Questions

00:14 Potential Conflict with Iran

06:16 Market Reactions and Precious Metals

07:17 Silver Market Dynamics

10:53 Investment Strategies and Market Chaos

20:49 Portfolio Management and Broker Recommendations

25:18 Big Producer and Royalty Names

28:08 Physical Precious Metal Storage

31:24 Financial Newsletters for Investments

35:49 Gold and Silver Market Trends

38:52 Antiquated Metals Pricing in Mining Reports

42:30 Final Thoughts and Future Outlook

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In today's episode, Doug goes further than most people are willing to go in public: he argues Trump can be charming and effective and still be dangerous—because he doesn't operate from a moral or philosophical center.

We dig into the weird split-screen reality where Trump will savage someone in public, then play nice in private… and what that says about the incentives driving this whole moment.

If you've been cheering deportations but haven't thought through what a "bag-and-grab" culture becomes when the political winds shift, this conversation is for you.

And then we pivot from street-level power to monetary reality—because while the media fixates on the daily outrage cycle, the dollar is quietly bleeding out and metals are screaming something big.

Gold is at fresh all-time highs (we talk about $5,280), silver is over $100 (we cite $113), and the public still isn't participating the way a true mania would look. Doug's take: this isn't a "bubble"—it's a new equilibrium forming as central banks dump dollars and reach for the only reserve asset that isn't someone else's liability.

The actionable part: we explain why the real asymmetry isn't in the metal—it's in the miners. Our Crisis Investing portfolio is up about 20% in the last month, with individual names up as much as ~65%, and Doug's argument is that the move still hasn't matched what higher metal prices will do to earnings, buybacks, dividends, and ultimately institutional attention. (He repeats the old rule that matters: be right, sit tight.)

If you want the exact portfolio, the back issues, and the monthly issues as they drop, this is where you upgrade to a paid subscription to Crisis Investing. I'm including a link that gives you 20% off an annual subscription, and it's only open for about 36 hours:

→ 20% off link: https://www.crisisinvesting.com/2026

If this episode hits a nerve - especially the Minneapolis/ICE segment—come back for the Friday Q&A. Doug expects pushback, and honestly, it'll be a good test of whether people can argue the facts without losing their cool or surrendering their principles.