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SPYBEARMIXEDSubstantive discussion · 3/5

Gold to outperform equities over the medium term

The speaker argued that U.S. equities, particularly at 'La La Land' AI-related valuations, will continue to underperform gold on a relative basis over the next two to five years.

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NOT INVESTMENT ADVICE · A SUMMARY OF WHAT WAS SAID ON THE PODCAST · VERIFY AGAINST THE SOURCE