MacroMashup

MacroMashup

Precious Metals Ascendant: Why Gold, Silver & Copper Are Back in the Spotlight

The new playbook for gold and its metallic allies

Neil Winward's avatar
Neil Winward
Oct 03, 2025
∙ Paid

MacroMashup Debrief

Gold isn’t just glimmering—it’s signaling a deeper structural shift in global finance. Silver, copper, and platinum are no longer sidekicks. They’re now central to both industrial growth and investor portfolios.

This week’s MacroMashup debrief explores why metals are back in focus—and why this cycle looks different from those before.

Key Takeaways

  • Central banks are buying gold at record levels while trimming Treasuries.

  • Fiat debasement is now a feature, not a bug.

  • Industrial demand for silver, copper, and platinum is accelerating due to grid expansion, EVs, and defense.

  • Supply bottlenecks (from missiles to mining) make metals a geopolitical flashpoint.

Historical Context

Gold has experienced three major bull runs—in the 1970s, the 2000s, and now. A crisis, policy shift, or geopolitical event sparked each. Today’s rally is different: it’s being driven by central banks and global power realignment.

👉 Full breakdown of these cycles, what central banks are really signaling, and how portfolios should adapt is available in the premium edition.

Metals are no longer “alternative” assets. They’re fast becoming core reserves and strategic allocations.

➡️ To access the full deep dive—including charts, history, and investor positioning—subscribe to MacroMashup Premium for only 9$/mo.

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