Metals and Miners, Released on 11/11/25

In this eye-opening episode of Metals and Miners, host Gary Bohm sits down with Ted Oakley, Founder & Managing Partner of Oxbow Advisors, to dissect the fragile state of global markets. With over decades of experience managing high-net-worth portfolios through every market cycle, Ted pulls no punches: Unrealistic dreams of returning to a 1950s-style U.S. economy are just that—ludicrous. Discover why the American worker’s evolving expectations, a multipolar world order, endless Fed printing, and supply chain realities spell big changes ahead.

00:00 – Navigating Fragile Markets
00:35 – The Impact of Tariffs on the Economy
00:52 – Building a Safety Valve in Expensive Markets
02:06 – Government Shutdown Risks
03:15 – Endless Government Spending
03:31 – Liquidity Crises and Fed QE Restart
05:15 – Inflation Pressures and Hard Assets
06:38 – Trump’s Fed Pressure and Portfolio Adjustments
07:32 – Easier Monetary Policy Dangers
09:56 – Reshoring Manufacturing: A Pipe Dream?
11:12 – Wage Gaps and Subsidization Realities
12:21 – Printing Money as the Only Path
13:27 – Military Vulnerabilities from Dependency
14:01 – U.S. Military Capabilities Exposed
15:29 – Tariffs Boosting Revenues, Hurting the Bottom 75%
16:25 – Bifurcated Economy: Top 30% Powering Growth
17:49 – Wealth Divide Risks a French Revolution
28:23 – Multipolar World: No Return to U.S. Hegemony
29:36 – Growth Shifting to India & China
31:59 – Silver Supply Tightness and Miners Opportunity
33:40 – Gold’s Next Run: 300-500 Points Up?
34:25 – Volatility Ahead for Precious Metals
35:48 – Asset Ranking Lightning Round: Gold, Silver, Uranium, Oil, Bonds & More
45:12 – Key Takeaway: Build Your Buffer Now

Ted Oakley, the founder of Oxbow Advisors and co-founder of its predecessor firm, HPO Advisors, has over thirty-five years of experience in the investment industry. The “Oxbow Principles” and the firm’s proprietary investment strategies were developed as a result of the unique perspective Ted gained throughout his almost four-decade tenure advising high net worth investors. He’s the author of Second Generation Wealth: What Do You Want for Your Kids?

  economy, gold, investing, Ted Oakley