Return to Tangibles: Why Silver, Gold, and Real Assets Are Beating Wall Street

In this episode of Energy Newsbeat – Conversations in Energy , Stu Turley sits down with Wasif Latif, President of Sarmaya Partners, to explore the “Return to Tangibles” investment thesis. Latif explains why commodities like gold, silver, copper, and platinum are outperforming tech stocks and bonds in today’s market. He breaks down the geopolitical catalysts, surging industrial demand, and the performance of the LENS ETF—designed to capture this tangible asset boom. From silver’s breakout and platinum’s comeback to supply chain rewiring and defense-driven resource demand, this episode is a masterclass on navigating a deglobalizing, resource-constrained world. 7% retracement is another instance of the market digesting gains rather than signaling exhaustion. We see this spike in volatility as a healthy reset , not a sign of weakness. It’s how long-term strength shows up and builds momentum. · Deficits, not just interest rates, are driving liquidity creation. With Social Security, Medicare, and Net Interest absorbing more than half of all U.S. federal outlays, fiscal consolidation seems a politically impossible. This structural imbalance anchors gold’s long-term bid as policymakers rely increasingly on monetary and fiscal accommodation to finance spending . · Central banks have become systematic gold buyers, treating it as a Tier 1 reserve asset amid rising geopolitical fragmentation and declining trust in fiat discipline. Their price-insensitive accumulation sets a structural floor beneath the market. For investors, the behavioral edge lies in patience, the capacity to stay invested through cyclical volatility in a secular uptrend . See how energy plays into the return to tangibles. As always, Wasif, thank you for stopping by! - Stu Substack: https://sarmayakar.substack.com/ Check out https://sarmayapartners.com/ LinkedIn: https://www.linkedin.com/in/wasiflatif/ Highlights of the Podcast 00:00 – Intro 00:56 – JP Morgan’s $10B Strategic Investments 02:11 – Rise of Geopolitical Investing & Strategic Imperatives 02:28 – Return to Tangibles: The Core Thesis 04:36 – Ringing the Bell: Launch of LENS ETF 05:37 – Silver Breaks Out: Early Stages of Bull Run 09:00 – Precious Metals vs. Tech & Bonds 11:05 – Platinum’s Comeback & EV Reality Check 13:55 – Geopolitics, Military Spending & Commodity Demand 15:30 – "We're in the Stuff Shovels Pick Up" 17:40 – Oil Lagging—But Not for Long 19:56 – LENS ETF Performance YTD 21:21 – How Samarya Partners Invests Differently 23:50 – Gold vs. S&P500 (Real Returns) 25:17 – Inflation Outlook & Rate Cuts 27:12 – AI, Data Centers & Energy-Driven Inflation 30:18 – Long-Term Trends: Stagflation, Labor vs. Capital 30:20 – How to Reach Wasif Latif Check out the Transcript at EnergyNewsBeat.co Check out the additional article at https://theenergynewsbeat.substack.com/