Jared Dillian says 40% of his portfolio is now in gold and he still believes most investors are underestimating the real risk in this market.
In this interview, former Lehman Brothers trader, bestselling author, and Daily Dirt Nap editor Jared Dillian explains why he remains bullish on gold, why he thinks stocks are underpricing the economic effects of war, why oil shocks often lead to recession, and why the next big opportunity may not be where most investors are looking.
Dillian lays out a market picture that looks far more fragile than the headlines suggest: gold still climbing, stocks still complacent, oil threatening growth, private credit sitting in the background, and the U.S. dollar, in his view, still badly mispriced. This is a conversation about what breaks first, what investors may still be missing, and where portfolios could be far more exposed than they appear.
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🧠 About Jared Dillian
Jared Dillian is a former Lehman Brothers trader, bestselling author, and founder of The Daily Dirtnap. Known for his contrarian market views and sharp read on investor sentiment, he has built a large following among self-directed investors, traders, and financial professionals. He is also the author of “Street Freak: Money and Madness at Lehman Brothers” and several other books.
Visit Jared online: https://www.jareddillianmoney.com/
Follow Jared on 𝕏: https://x.com/dailydirtnap
Pre-order THE AWESOME PORTFOLIO: https://www.amazon.com/Awesome-Portfolio-stress-free-approach-investing/dp/1804094099
⚠️ Disclaimer and Forward-Looking Statements — Pause the Video and Read
Maximus Strategic Consulting Inc. is the owner and operator of Pinnacle Digest.
Maximus Strategic Consulting Inc. and Aaron Hoddinott hold investments in gold, silver, related mining equities, oil and gas equities, S&P 500 ETFs, Chinese equities, and other global stocks and ETFs. These positions may be bought or sold at any time without notice and may create a conflict of interest with the views expressed in this video.
This video is for informational purposes only and does not constitute investment advice. Nothing herein is a recommendation or solicitation to buy, sell, or hold any security, commodity, currency, or other financial instrument. Investing involves risk, including loss of capital.
Aaron Hoddinott and Jared Dillian are not financial advisors. Past performance is not indicative of future results. Guest views are their own, are provided for commentary purposes only, and do not represent the views of Maximus Strategic Consulting Inc. Conduct independent due diligence and consult a licensed financial advisor before investing.
Forward-Looking Statements: This video contains forward-looking statements and speculative commentary regarding gold price targets, oil prices, inflation, bond yields, currencies, equity markets, real estate, and broader macroeconomic and market trends. These statements are based on opinions, assumptions, and current expectations and are subject to risks, uncertainties, and changing circumstances that could cause actual outcomes to differ materially.
Opinions expressed are subject to change without notice.
CHAPTERS
00:00 - Intro
01:29 - Why Jared Dillian Is 40% in Gold
02:40 - Jared Dillian’s Awesome Portfolio Concept
04:45 - Gold to $10,000?
06:35 - Central Banks Selling Gold
08:02 - Why Gold Sold Off During Iran War
10:04 - Is the Market Missing an Incoming Recession?
12:55 - Why Stocks Could Fall Another 13% to 15%
15:03 - Inflation, AI, and the Fed
20:45 - What A 40% Gold Portfolio Actually Means
21:23 - Where the Rest of Jared Dillian’s Portfolio Is
23:30 - Why Dillian’s Bullish On Latin America
25:55 - Outlook on U.S. Real Estate Market
30:44 - Oil, Energy, and Commodities
34:30 - Why Buy-the-Dip Still Hasn’t Broken
37:15 - Why the U.S. Dollar Is Overvalued
39:25 - Where to Find Jared Dillian
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