The New Rules of Capital: Gold, Bonds & America’s Mining Bet

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Mining Stock Daily’s latest episode centers on a more defensive capital-allocation case for gold: guest Jared Dillian argues investors are taking too much risk in concentrated equity portfolios and says gold deserves roughly a 20% portfolio allocation alongside bonds, real estate and cash. He also discusses the recent move in gold, the outlook for interest rates and bonds, and what could surprise markets into the fall. The second half shifts to U.S. critical minerals policy, with Chris Berry arguing that billions of dollars of government support are now flowing into the sector via equity stakes, conditional loans and other mechanisms. The discussion focuses on where the capital is going, whether Wall Street will follow Washington into mining, and the strategic gap in Western midstream processing and refining capacity. For precious metals, the key takeaway is that the conversation remains supportive for gold on both portfolio-diversification and rates/bonds grounds, even if no specific price targets or flows are given. Near term, gold could continue to benefit from any softening in real-rate expectations and from a broader de-risking of equity-heavy portfolios; the mining angle is more about longer-dated supply-chain and policy support than an immediate price catalyst.