Gold's Volatility Is Actually A Good Thing

Why It Matters

The discussion underscores why advisers and institutions are reconsidering gold as a strategic allocation—its volatility and market dynamics can address inflation and liquidity concerns and influence ETF demand and precious-metal infrastructure businesses. For firms in the gold ecosystem, clearer messaging and product design could drive adoption and reshape portfolio allocations.

Summary

On Open Position, Wealthon's Steven Feldman interviews Joe Cavaton, senior market strategist at the World Gold Council, about gold’s unique market role and his transition from institutional asset management to a gold-focused advocacy group. Cavaton explains that his move built on prior ETF and precious-metals experience at BlackRock and aimed to bring market “DNA” to the Council while solving client problems around inflation, dollar devaluation and liquidity risk. He frames gold as a monetary metal with distinct price behavior that can complement portfolios, and describes the Council’s work to connect gold’s supply chain, ETFs and investor education. The conversation emphasizes practical client-focused positioning rather than pure promotion of the metal.

Original Description

💡Steven Feldman says we're in an ultra-macro market. Real assets are how you navigate it. Join Wealthion’s Real Assets Community: www.wealthion.com/getready

In the second episode of Steven Feldman's "Open Position", Wealthion's C.E.O asks the hard truths to World Gold Council Senior Market Strategist, Joe Cavatoni. This incredibly insightful conversation into everything Gold, begins with the elephant in the room (they are both pro-gold) and reveals:

- What Gold Volatility is Really Signaling

- Why Volatility May Be A Good Thing

- The Asian Influence

- How Prices Are Being Affected By A Shifting Narrative

- Who's Selling & Who's Buying

- The Real Game is the U.S. vs China

- Joe's Worst Case Gold Scenario

- What Keeps Joe Up At Night

- What Are We Solving For?

Open Position provides the unfiltered truth behind market shifts. No headlines, no hype—just direct insights from global finance leaders for the sophisticated, independent-minded investor.

💡Joe Cavatoni holds 60% equities, 30% real assets, 10% bonds. What does your portfolio look like? Get a free portfolio review with Wealthion’s trusted financial advisors at https://bit.ly/4dfbOe1

💡Joe Cavatoni doesn't own Gold ETFs. He owns kilo bars. Buy physical gold and silver through GBI Direct: https://gbidirect.com/?aff=WTH

💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion

Chapters:

1:30 The Elephant in the Room

2:26 Joe’s Gold Background, Why Gold & Why The Gold Council

6:33 What’s Your Problem & How Can I Help You Solve It?

7:51 Gold’s Marketing Problem

8:47 The 60/40 Mix & How Gold is Like Life Insurance

11:55 Joe’s Surprising Portfolio Mix

14:55 Steven: “We’re in an Ultra Macro Market”

15:50 What’s Happening with Gold Right now-the Ups & the Downs

17:00 Joe: “I wasn’t surprised by the correction” and what he was surprised by

17:55 Why the War Hasn’t Helped Gold-Why Deleveraging Happened

22:00 Central Banks, Retail Investors & Gold

25:25 Central Banks-Selling & Buying

27:00 What Retail Buyers Need to Understand About Gold

35:20 The Debt Problem & Gold & “The Math”

38:00 The Potential Headwind to Gold

40:45 Gold Recycling Numbers and What They Reveal

42:20 Steven: “The Risk is the Price”

43:20 The Real Game is Simply “U.S. vs China”

45:00 The Iran War Effects Could Be Devastating

46:30 The “American Outlook” Problem

48:30 Gold is Maturing

51:35 What’s Keeping Joe Up at Night (Why Volatility is a Good Thing & People Don’t Understand)

53:30 The Gold Market is too Fragmented

55:20 Gold’s Trust and Access Problem

57:40 What Are You Solving For? (New Gold Policies)

Connect with us online:

Website: https://www.wealthion.com

X: https://www.x.com/wealthion

Instagram: https://www.instagram.com/wealthionofficial/

LinkedIn: https://www.linkedin.com/company/wealthion/

#Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #Gold #GoldInvesting #GoldPrice #PhysicalGold #GoldETF #GoldBars #PreciousMetals #CentralBanks #DeDollarization #GoldVolatility #RealAssets #GoldMarket #WorldGoldCouncil #DebtCrisis #MacroInvesting #SafeHavenAssets #GoldBullion #SoundMoney #GoldVsInflation #AssetAllocation #OpenPosition

________________________________________________________________________

IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.

While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.

We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.

The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.