Why 2025 Will Be a Turning Point for Global Trade & GOLD I Michael Harbisch

In this episode of Soar Financially, investment banking veteran Michael Harbisch joins us from Frankfurt to deliver a stark European perspective on the global economic shift. From grinding trade to gold’s breakout, Michael lays out how capital is rotating away from the U.S., why the Fed is paralyzed, and how inflationary tariffs could spark a wave of stagflation.We dive into Europe’s recession, energy failures, defence spending, and the ECB’s rate strategy — plus why central banks are piling into gold, and why silver is still lagging. If you’re tracking global capital flows, inflation risk, and the future of gold, this is a must-watch.#gold #tariffs #europe------------👨‍💼 Guest: Michael Harbisch, Managing Director🏢 Company: Cantor Fitzgerald📅 Recording date: April 17th, 2025---------------------📆 Save the Date 📆DEUTSCHE GOLDMESSE May 16 & 17, 2025 in Frankfurt, Germanywww.deutschegoldmesse.com FREE Registration for Investors! ---------------------📰 Up-to-Date Commodity Prices & Commentary 📰👉 Clear Commodity Network 👈🌎 https://clearcommodity.net/ 🌎►► Follow Us! ◄◄Twitter: http://twitter.com/soarfinancialWebsite: http://www.soarfinancial.com/---------------------00:00 Intro00:45 Welcoming Michael Harbisch02:10 Europe’s “wake-up call” on defense and energy04:30 Capital fleeing U.S. — back to Europe?06:00 Recession risks & failed energy policy in Germany08:40 ECB vs Fed: Rate cut divergence10:20 Trade grinding to a halt12:00 Tariffs, inflation & the Fed’s silence13:45 “Stagflation” — the word no one dares to say15:30 Trump vs Powell — scapegoat setup?17:00 Key macro signals to watch19:10 Europe’s tech & energy decoupling from the U.S.21:40 The gold breakout and why central banks are buying26:00 Gold miners vs generalists — what’s next?29:30 Silver’s lag and future role31:00 Where would Michael invest €1 million today?32:30 Closing thoughts & follow Michael**Disclaimer:**Some of the links presented might be affiliate links. We might receive a commission if a purchase is made using those links! Unless specifically disclosed, all information available on Soar Financial and its affiliates or partners should be considered as non-commercial in nature. None of the content produced by Soar Financial should be considered an endorsement, offer or recommendation to buy or sell securities. Soar Financial is not registered with any financial or securities regulatory authority in Canada, the US, Europe, or the UK, and does not provide, nor claim to provide, investment advice or recommendations to any consumer of the content that Soar Financial produces and publicizes. Always do your own due diligence and/or consult a qualified legal, tax, or investment professional if personal advice is deemed necessary.Soar Financial and its related companies (including its directors, employees, and representatives) or a connected person may hold equity positions in securities detailed in communications. When this occurs a disclosure will be made. Disclosures on social media will be made using the hashtag #coi (short for conflict of interest).Soar Financial, its affiliates, and their respective directors, officers, employees, or agents expressly disclaim any liability for losses or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of this site or any decision made or action taken in reliance upon the produced content of Soar Financial, whether authorized or not. By accessing Soar Financial’s content, each consumer of Soar Financial content releases Soar Financial, its affiliates, and their respective officers, directors, agents, and employees from all claims and proceedings for such losses, damages, or consequences.