Start of 2026 Was 'Opportunity of a Lifetime' to SELL Your Gold & Silver: Mike McGlone
Commodity Culture Jun 25, 2026
Summary
Mike McGlone argues gold and silver's early-2026 all-time highs were the moment to sell, with prices potentially range-bound for a decade.
He says record gold-to-S&P 500 correlation and elevated gold volatility make metals a speculative 'sock puppet' of the stock market.
Silver, now mostly an industrial metal rather than a monetary one, and the wider commodity complex look set for years of range trading.
The guest expects a long-overdue US stock correction to be deflationary, with capital destroyed rather than rotated into commodities.
His preferred 2026 position is US Treasury long bonds near 5% yields, which he expects to rally when stocks fall.
Jesse Day's takeaways
- Top takeaway The host says he takes a very different view from his guest, arguing that geopolitical instability, global conflict, inflation, and central bank money printing will make natural resources the winners in the years ahead.
- He presses the guest on downside buy levels for gold and silver, the 2008-style commodity decline, the rotation-to-hard-assets narrative, the treasury bull case, and how severe a market correction could get.