Sam Taube
speaker
407 appearances
4 recordings
1 series
first heard Jan 2026
last heard 2d ago
Sam Taube’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Sep 2026 with 2.
Appearances
In fact, most of the global demand for silver actually comes from industrial applications like electronics and photography.
rather than things like jewelry and homewares.
So another part of the silver story is strong demand from things like computer chips for AI and for electric vehicles.
Geopolitical events can cause short-term fluctuations in prices, but those generally don't last.
And over the long term, prices tend to revert to longer-term trends driven by things like currency value.
You're going to hear me say that a lot in this episode.
In particular, when we're talking about market volatility due to these tariffs, we have to keep TACO in mind.
That's the acronym for Trump Always Chickens Out.
And I want to say this in as politically neutral a way as possible.
Maybe Trump gets intimidated by the market volatility that his tariff threats cause and he backs off because of that.
Or maybe his intent is always to use the shock of the tariff threats to force a deal.
You could argue either way with that.
But the point is, ultimately, a lot of these tariff threats don't last, and neither does the short-term volatility around them, including in gold prices.
For the reasons we just discussed, I don't think it really does any good to pay attention to the headline-driven moves unless you're trying to day trade gold and silver, which is not something that I personally have a lot of expertise in, and it's not the kind of thing that you'll hear a lot of financial advisors saying is a good idea to try to do.
But for the rest of us, precious metals are just a portfolio diversifier that you buy and hold in order to reduce risk.
Again, we got to talk about the distinction between kind of the short-term reaction to this kind of news and the long-term reaction.
In the short term, these kinds of stories are often kind of self-fulfilling prophecies.
Traders often interpret an increased price target from a big investment bank as a bullish signal.
When Goldman raised that price target on January 21st, I think it was, the price of gold increased a lot more steeply than previously.
And it's up about 6% or so since then at the time we're recording this.
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