Hedgeye Podcasts Ep.136 Real Conversations → Jan van Eck on Global Macro Forces and the Next Investment Regime
Feb 3, 2026
Jan van Eck, CEO of VanEck and ETF pioneer, explains his macro-first investment approach rooted in geopolitics, monetary policy, and technology. He covers gold versus bitcoin, the GEO framework for crypto timing, soaring AI compute demand and semiconductor winners, plus nuclear and electricity as next-wave themes. He also discusses India, ETF design choices, and how flows shape market leadership.
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Founder’s Gold Bet That Won The 1970s
- Jan van Eck recounts his father switching an international fund to gold in 1968 and later outperforming in the 1970s.
- Gold rose dramatically after delinking from the dollar, validating a long-term macro-driven thesis.
Gold As A Multi-Decade Currency Rebalance
- Jan argues gold's resurgence reflects a multi-decade shift as the world decentralizes from a U.S.-centric monetary system.
- He expects central banks and rising economies to buy gold for decades as geopolitical risks grow.
EM Reemergence Versus Developed-World Debt
- Van Eck frames the core global shift as emerging markets reemerging while developed markets weaken from excess borrowing.
- That structural change supports long-term demand for assets like gold and EM exposure.
