Runaway Debt & Deficits + AI Buildout = HUGE Demand For Hard Assets | Jonathan Wellum
An easy case for hard assets
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The Debt-to-GDP ratio of the world’s largest economies is rising at a frightening pace as reckless deficit spending has become the order of the day.
This is increasingly pushing investors into asset classes that offer protection from the inflation/loss of fiat currency purchasing power that results.
Meanwhile, the gargantuan buildout of processing power and electricity generation & transmission need for AI is unleashing a global era of “Mine, Baby, Mine”.
This, also, is enticing investors to own natural resources.
Combined together, these two trends paint a very compelling picture of relentless demand for hard assets for the foreseeable future.
So, how to take advantage of this trend?
Jonathan Wellum, founder of ROCKLINC Investment Partners, Thoughtful Money’s endorsed Canadian financial advisor, shares how his firm is positioning.
For the details, click here or on the video below:
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Adam’s Notes: Jonathan Wellum (recorded 10.7.25)
EXECUTIVE SUMMARY:
Gold Surge Validation: Gold at $3,980 spot (futures over $4,000) up 46% YTD—best since 1979—driven by fiat erosion; miners (e.g., GDXJ +100%) and silver outperform, with Agnico Eagle tripling yet yielding 9-10% free cash flow at $4,500 gold.
Fiat Pressures Persist: No relief from $350T global debt, $37T US + $2T deficits, or growth booms;
