Joe Weisenthal

What are these jobs?

What are these potential industries?

Then it suddenly gets much more.

hazy, right?

People don't know what that actually looks like in practice.

Can I say one random thing about Billy Joel before we go further?

You know, because obviously you mentioned he talks about, you know, a lot of political economy things, including, of course, and We Didn't Start the Fire.

The final line of that song is like something about the Cola Wars.

And he's like, I can't take it anymore.

And I just think it's really funny that the Cola Wars, Coke versus Pepsi is the thing that tipped him over the edge.

Like all the Vietnam War, all these things happened.

And finally, the thing that tipped him over the edge was the Cola.

Anyway, side track, but I just had to get that out.

That actually helps because we are at the CityLab conference in Madrid.

Give us like a little Allentown history.

Like what is the timeline when we talk about these sort of key industries that were once associated with the city of Allentown?

What was the sort of peak of it and when was the sort of trough?

Data centers need electricity, AI needs copper, reshoring needs steel, and gold's run may tell you something about how the world is repricing money and debt.

All of those point back to real assets.

The RACS ETF is an actively managed, one-stop real asset shop from gold to commodities to natural resource equities, adjusting as conditions change.