AI Summary
5 min readGold's Trajectory and the Scarcity of Advanced Mining Projects
Dan Weldon, CEO of First Mining Gold, joined the podcast to discuss the macro case for gold and the structural shortage of advanced-stage gold development projects in Canada. The conversation centers on two themes: why gold's upward trend is likely to persist, and why companies that have already navigated the long, expensive permitting process are becoming increasingly valuable.
The Macro Case: Nothing Has Gotten Better
Weldon is straightforward about what is driving gold. He points to government spending, accumulating debts and deficits, and the fact that interest payments on US debt now run into the trillions annually, contributing to the deficit every year. "There is nothing that has changed. Well, nothing's gotten better," he says. He notes that despite hoping for "an outbreak of peace around the world," he does not see "an outbreak of trust" anywhere close. That lack of trust is exactly where gold continues to play its role—central banks keep accumulating it and are moving "more aggressively toward a de-dollarization of their critical reserves."
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What you'll learn
- 1 (01:54) **Dan’s Macro View: Why Gold is Still Bullish** - Dan explains why the recent gold price dips near $4,000 are just noise and the long-term thesis remains intact.
- 2 (04:51) **The Market’s Warning Signal: High Mortgage Rates** - Dan identifies a critical disconnect in the U.S. housing market that confirms a lack of trust.
- 3 (08:05) **The Simple Driver: Inflation** - Dan boils down the gold thesis to its most essential concept for the listener.
- 4 (08:46) **The Supply Crisis: Consolidation vs. New Production** - Dan explains the structural deficit in new gold supply coming from the mining industry.
- 5 (11:56) **The Coming Scarcity Premium** - Dan argues that the value of advanced development projects is about to be recognized by the market.
- 6 (14:10) **The “Five-Year Head Start”** - Dan explains why big miners are avoiding permitting risk and how First Mining Gold has an advantage.
- 7 (15:58) **Springpole Update: The “One of One” Project** - Dan details the massive catalysts at First Mining Gold’s flagship project.
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Show Notes
In this episode, we sit down with Dan Wilton, CEO of First Mining Gold, for his macro perspective on the precious metals market, including thoughts on Ronnie Stöferle’s bold $8,000 gold prediction. Dan also details key updates on First Mining’s flagship projects, Springpole and Duparquet. Tune in for valuable insights on where gold is headed and how First Mining is positioned for growth.Learn more about First Mining Gold Here: https://www.firstmininggold.com/TSX:FF | OTCQX:FFMGFThis video is a paid promotion and was sponsored by First Mining Gold. The information in this video was disseminated on behalf of First Mining Gold.I am not a financial advisor and any information shared in this video should not be construed as investment advice or a recommendation to buy or sell the company stock (informational purposes only).🟢 Learn MORE about Kalshi:http://kalshi.com/p/ronsbasement🔴 Learn MORE about Oroco Resources Corp:https://orocoresourcecorp.com/🟠 Learn MORE about First Mining Gold:https://firstmininggold.com/or contact [email protected] ⚫ BUY Silver from FIRST MINT:🚨 DISCOUNT Code: VIPRB 🚨https://firstmint.com/ "From Mine to Mint"🔴 BUY DirtyMan SAFE ✅ https://www.dirtymansafe.com/ 🔥 Use Discount Code: RON10 for 10% off 🔥 🔥 Or use this DirtyMan link: https://affiliates.dirtymansafe.com/ronsbasement for 10% off and a free gift 🔥 👍DONATE to HOPE WALKS:https://hopewalks.org/Mailing Address: RONS BASEMENT LLC 36 FOUR SEASONS SHOPPING CTR Stall #117 CHESTERFIELD, MO 63017 CONTACTS: [email protected] ⭐FOLLOW ON 𝕏 (Formerly Twitter)⭐: https://twitter.com/BasementRon ⭐LISTEN ON SPOTIFY⭐: https://open.spotify.com/show/3AcS5O5y8GrnBEdsL92VTI⭐LISTEN ON APPLE PODCAST⭐: https://podcasts.apple.com/us/podcast/silver-gold-investing-global-economics/id1741078463⭐FOLLOW ON RUMBLE:⭐: https://rumble.com/user/RONSBASEMENT🌟You Can Donate To RONS BASEMENT: https://www.paypal.me/RONSBASEMENT THANK YOU! RONS BASEMENT LLC is sponsored by First Mint and is a proud owner of several of their outstanding silver minted products. Ron is sponsored by First Mining Gold and has owned the stock for over 3 years. Ron is sponsored by Oroco Resources Corp and purchased the stock early in 2026. Ron is sponsored by Kalshi and opened his account in early 2026. Any information shared in this video should not be construed as investment advice or a recommendation to buy or sell any company stock, meme coin or any other investment product (informational purposes only). Ron may receive compensation from affiliate links and discount codes provided. ***Informational purposes only. Do not buy or sell anything, make any type of investment decision, adopt a puppy, get engaged, or do anything based upon the information I share with you.***SILVER SPOT PRICEGOLD AND SILVERSILVER STACKINGSILVER NEWSGOLD SPOT PRICESPOT SILVERSILVER BULLIONSILVER SPOT PRICE TODAYGOLD SPOT PRICE TODAYINVESTING GOLDPRECIOUS METALS PRICESKITCOPRICE OF GOLD AND SILVERPRICE OF SILVER PER GRAMGOLD AND SILVE
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