The David Lin Report 'Parabolic' Spike: Frank Giustra Reveals Which Assets Surge On Iran Strike
Feb 23, 2026
Frank Giustra, CEO of the Fiore Group and veteran mining and media investor, discusses metals, markets, and geopolitics. He explains the difference between physical and paper gold, why a bigger gold surge may still be coming, and how an attack on Iran could shock oil and metals. He also covers energy dividends, copper supply challenges, and skepticism about Bitcoin rallies.
AI Snips
Chapters
Transcript
Episode notes
Russia Sold Gold To Fund Its War Economy
- Frank notes Russia, a top producer, sold 300,000 ounces to fund operations after ramping up holdings since the war.
- He sees selling as predictable given Russia's wartime financing needs rather than an indictment of gold as a reserve.
Buy Dividend Paying Energy Stocks While Sector Is Unloved
- Consider buying established energy companies paying high dividends during the sector's unloved phase.
- Frank personally loaded up on global energy names offering 7–10% yields rather than launching new oil deals immediately.
Bitcoin Has An Identity Crisis And Correlates With Tech Risk
- Frank calls Bitcoin's last run a promoter-driven pump with identity issues; it behaves unlike gold.
- He warns treasury-reserve companies using leverage are vulnerable and Bitcoin is tightly correlated to tech risk.