Trump Tariffs, Rising Yields & Why Gold Still Isn’t a Bubble | GraniteShares CEO William Rhind

Markets are cracking… and gold is screaming higher.

In this episode of Futures Edge, Jim Iuorio and Bob Iaccino are joined by William Rhind, President & CEO of GraniteShares ETFs, to unpack one of the strangest macro setups in years:

Stocks selling off while yields rise, Japan’s bond market flashing warning signs, and precious metals surging as investors quietly reposition for a world defined by debt, de-dollarization, and geopolitical stress.

Rhind explains why today’s gold move looks less like mania — and more like a structural reset driven by sovereign demand, weakening confidence in fiat reserves, and an under-allocation that still has room to run.

Plus, the group dives into the next phase of the AI trade, the evolution of ETF investing, and whether Bitcoin is truly an alternative asset… or just another risk-on proxy.

Timestamps: 

00:00 Welcome + Sponsors

02:40 Japan bond shock and global debt stress

04:20 Are governments losing fiscal discipline?

06:10 What would actually bring gold down?

08:00 Tariffs, geopolitics, and why this selloff feels different

11:30 Yen carry trade unwind — real risk or narrative?

15:15 GraniteShares: ETF toolkit for modern markets

20:45 What’s attracting investor flows right now? (AI still dominates)

22:10 AI broadening into metals, miners, power, and infrastructure

24:30 Boomers vs Gen Z: preservation vs accumulation investing

29:40 Infrastructure as the missing key to housing affordability

33:00 Gold & silver: sell signals or structural demand?

37:15 Central banks, Switzerland refining flows, and control of reserves

40:30 Is gold still under-owned at the retail level?

46:00 Fed cuts, Powell’s exit, and political rate pressure

52:30 Bitcoin: endorsement or simply investor demand?

Follow along on social media: 

Twitter:    https://x.com/bob_iaccino

Twitter:   https://x.com/jimiuorio

LinkedIn:  https://www.linkedin.com/in/bob-iaccino/

LinkedIn:   https://www.linkedin.com/in/james-iuorio/

Newsletter:  http://theunfilteredinvestor.com/

This episode is sponsored by: 

Independence Ark: https://www.independenceark.com/

Code: F U 

AmerGold https://www.amergold.com/

Code; F U