Resolve Riffs Investment Podcast · ReSolve Asset Management

In Gold We Trust 2025 - The Big Long

·59 min·3 clips

Gold and Bitcoin are framed as complementary assets that can raise portfolio returns through rebalancing.

1. Resolve Riffs Investment Podcast focuses on 'In Gold We Trust 2025 - The Big Long' and the changing role of gold in portfolios. 2. Adam Butler, Mike Philbrick, Rodrigo Gordillo, and Richard of Resolve Asset Management are named as the principals guiding the discussion. 3. The episode asks how gold moved from a mocked allocation to a public-participation asset and how investors should size it. 4. The hosts describe Incrementum AG, a Liechtenstein-based asset manager, as the publisher of the 19th annual In Gold We Trust report. 5. They say the report comes in four languages, with a 400-page version, a 40-page summary, and a video summary. 6. The 2020 report is cited for a $4,800 gold call, which the hosts use as evidence of the report's track record. 7. Rodrigo Gordillo says he has watched gold closely since 2011 and connects that interest to hyperinflation of 7,200% in six months in Latin America. 8. The hosts describe a market pattern that starts with accumulation, moves through ridicule by peers, and then reaches public participation. 9. They point to central bank buying, ETF flow reversals, and Poland becoming a major buyer as evidence of that shift. 10. The report theme 'The Big Long' is explained as a long gold thesis tied to loss of trust in fiat currencies and institutions. 11. Gordillo says institutional allocators, family offices, pensions, and retail investors remain heavily underweight gold. 12. The discussion estimates gold's place in investor portfolios at about 1%, even though alternative sleeves include private equity, private real estate, infrastructure, art, and commodities. 13. The hosts argue that gold has acted as a hedge for global macro volatility and currency debasement, especially during war and fiscal stress. 14. They note that only about 1.5% of gold supply is mined each year, and that mining can take roughly 10 years. 15. The episode compares gold's recent performance against currencies and says the chart is a 'sea of green' from 2000 to the present. 16. Mike Philbrick frames the current period as a possible regime shift, where gold is no longer only defensive but may also create portfolio returns. 17. The hosts contrast gold with gold miners, saying miners have not matched the metal's performance and carry operational and financing risk. 18. Bitcoin enters the discussion as 'the new gold,' with the hosts comparing its volatility, scarcity, and financialized access through ETFs and futures. 19. The style is conversational and example-driven, with chart references, audience questions, and portfolio-construction arguments throughout. 20. Gold allocators, macro investors, and Bitcoin-curious portfolio builders will get the most from this episode; pure earnings- or dividend-focused listeners may skip it.

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