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Florian Grummes: Food Shortages, Inflationary Spiral & Why Gold Miners Will Benefit 'Tremendously'

Palisades Gold Radio Sep 30, 2026 46:02

Summary

Grummes argues central banks will print through every crisis, so the fiat system keeps debasing rather than breaking — an accelerating loss of purchasing power.

Gold's long bull market stays intact; the $3,950-$4,050 support zone decides whether dips near $4,000 are buys or $3,500 comes into play.

Producers earn strong margins at $4,000 gold, yet mining stocks can still drop 20-50% in corrections, with tax-loss selling pressuring shares into December.

Grummes favors stocks drifting lower on shrinking volume — sellers exhausted — and wants positions set by mid-December for the miners' strong Q1 window.

A proposed US diesel export ban could strain European supply chains and food supply; he advises households to stock weeks of essentials.

Stijn Schmitz's takeaways

  • Top takeaway As host, Schmitz frames equities trading near all-time highs while long-end Treasury yields surge and the Middle East energy disruption continues, pressing Grummes on what could break.
  • He argues double-digit yields would sharply raise US interest expense and deficits, calling it the possible start of an inflationary spiral, and probes gold's re-rating potential as investors add the metal.

Florian Grummes's takeaways

  • Top takeaway Grummes argues the gold bull market that began in 2001 is still intact and the correction since late January is normal, keeping a worst case near $3,500 and treating dips around and below $4,000 as buying opportunities.
  • He expects mining stocks to be major beneficiaries of current gold prices because large producers have very healthy margins and cash-rich balance sheets, while warning that 20-50% pullbacks are routine when the metal corrects.
  • He sees the fiat money system as an imploding Ponzi scheme that central banks will keep propping up by printing, says an inflationary mindset is now entrenched, and expects double-digit bond yields down the road.
  • On energy he calls recent US Middle East policy the biggest mistake an American president has made, warns diesel shortages could disrupt supply chains and food supply, and advises stocking weeks of food and water before winter.
  • For mining investors he prioritizes proven management, safe jurisdictions, and only a handful of positions, and recommends being positioned by mid-December for the typically strong mid-December-to-Q1 window after tax-loss selling.