In this Liberty and Finance interview, Elijah K. Johnson asks for my latest macro outlook, given the changes coming in the US, and how our favorite metals might do in the new year. So of course we talked about monetary metals, and I still like uranium, but I had to tell him that my highest-confidence trade for 2025 is copper.

 

 

Timestamps:

00:00 — Intro
01:32 — Gold update
06:15 — Elon's DOGE
09:57 — Trump & spending
13:40 — Copper
19:00 — Geopolitics
22:09 — Year-end outlook