In this exclusive for Kitco News, Anchor Jeremy Szafron sits down with Fr. Emmanuel Lemelson, Chief Investment Officer at Lemelson Capital Management, to dissect a global market he describes as ‘detached from reality’. Following a historic $36 intraday swing in oil, Lemelson warns that the current volatility is merely a ‘tremor before the major earthquake’.
Fr. Lemelson challenges the core thesis of the ‘gold bugs,’ arguing that while trust in fiat is breaking down, gold is not a guaranteed sanctuary. He posits a sobering geopolitical reality: in a global crisis, ‘it’s the guy with the biggest military that’s gonna take what he wants’.
From the ‘capture’ of the Federal Reserve to the ‘accounting chicanery’ fueling a ‘house of cards’ in the AI sector, Lemelson pulls no punches on the structural rot facing investors. He further details why ‘being passive is usually just a euphemism for being lazy’ and why retail investors often end up as the ‘exit liquidity’ for sophisticated multi-strategy hedge funds that are currently getting ‘hammered’.
Recorded on March 10, 2026
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Chapters
00:00 Oil Shock Opens Show
01:32 Markets Trading Hope
02:25 Oil Reality Check
04:59 Fed Policy Trap
06:32 Gold Bitcoin Debate
08:56 What Is Hard Value
11:27 Active Value Hunting
13:03 Hedge Funds Hit
14:36 Private Credit Cracks
17:02 Who Holds The Bag
18:34 Golden Age Of Fraud
19:54 Rigged Market Reality
20:31 Be a Shareholder Steward
21:51 Activism for Everyone
22:14 WWE Case Study
24:11 Practical Active Habits
26:01 Top Value Picks
29:36 What to Avoid Now
33:17 Gold and Silver Skepticism
34:53 Influencer Incentives Warning
36:57 Closing
#Gold #Oil #Investing #KitcoNews #EmmanuelLemelson #FederalReserve #StockMarket #Economy #WealthProtection #ValueInvesting #AI #HedgeFunds #Fraud #Stewardship
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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30 Comments
With gold pushing past $5,200 and major credit funds locking their exit doors, the global financial system is flashing warning signs. Fr. Emmanuel Lemelson joins Kitco News to break down the 350 trillion dollar debt wall and why the passive investing playbook is failing.
What do you think breaks first in this market? Let us know your thoughts below and subscribe for more hard hitting analysis.
Lemelson is a pious fraud.
Always a great video when Lemelson is on the channel.
You’ve seen all Jeremy. People have forgotten the old currency called. It’s not worth the continental. The culture doesn’t remember.
Tucker Carlson and Batallion Metals seem to me to be totally legit. They aren't pushing anyone to buy any products and especially not products with exorbitant mark ups. In fact Carlson is the outlet exposing that very thing. The priest sounds like a very knowledgeable and principled fellow otherwise.
Seems what your government officials invest in always goes up (through manipulation) and what the average working class person invest in always goes down (through manipulation) . You'll own nothing and be happy Klaus Swabb
I hope this guy goes broke, because he believes brute force rules the world.
Who has more gold than churches . Almost all Catholic Churches are anointed in gold
So many things to disagree with.
"Gold is for war." In a geopolitical,economic or physical war gold has been and still is the "gold standard" safe haven asset.Thats why central banks and bullion banks the world over have been stockpiling physical gold and not government bonds or bitcoin etc.
The simple fact is GOLD is telling us that troubled times are with us and ahead,and silver tells us when an economic depression is on the horizon. Bitcoin on the other hand tells us when there is more liquidity in the markets.The general stock markets on the other hand are completely divorced from reality ,and living in their own "insulated bubble",but gold and silver are telling a completely different and "real world " story.
I'm a gold bug and I think we may have reached a peak here for some time. I think us gold bugs are starting to sound like bitcoiners in not believing it will skyrocket to the moon. Everyone is talking about gold and when that is the case you know it's over.
Also, look at the mining stocks, many of them have a rhino horn chart pattern which I'm told is a very bad sign. They are dumping now.
He is full of odd takes. For example: "Iran's replies are rather hostile" …… uhh if you just had your family wiped out by murderers would you be all sunshiny? I think we may have found DOOFUS MAXIMUS.
The truth has a certain ring to it. Thank you for that one!
Stupid guest
Harley is now Haley
This guy is a slick talker.
So finally a person wearing a PODCAST HAAT that actually needs a PODCAST HAAT.
😊
Should I take a guy saying "Are the central banks doing the right thing ?" (when they buy gold) even take serious ? Same for his argument silver can easily be replaced in industry when it becomes too expensive. It can't .
I love it ….. another main stream investment person with no gold or never had any …. 1/2 of 1 percent own any gold at all …. Price rise in metals has no fear or greed in it … just shows where many of these investment firms are … total belief in paper …. the tide will turn as the capital rotation into hard assets is just starting … let the printing continue …. Gold is money and the best measure of value … the everything bubble priced in gold just shows you what is really happening … by the way, a Woke/green European CEO of Harley wanted all electric engines ! Good luck with that !
just jacking up the price of silver to have an inflation rally. because who would by stocks at these prices, have you clicked on the long term charts
Of course prices can always rise…. Hyperinflation pressure….
The same old story, very boring,
In time of war, when USA is spending billions of dollars daily, how dollar can get stronger, yesterday report says houses buying increased, how , when inflation is at peak during war, silver deficit – total humbug, Gold safe haven asset during war- total humbug, comex is empty, what happened to ur supply demand thesis, china came back after 9 days of holiday, what did they change, and telling, he is the biggest buyer of gold n silver , 😅😅😅😅😅😅
Just wait until people find out Epstein/Ghislaine was merely tiny puppets in the global intelligence agencies/military corporations that has enslaved almost every politician, billionaire, bankers, CEOs, Hollywood etc and we are living a complete lie like the movie Matrix on steroids and we are heading towards a pole shift while we bicker and all these ”elites” are going down into their bunkers that they built with our tax money… Good times…
I like to know if that background is Lake Como?
Like 'trusting' every crook. We better off NOT taking anything verbal and long contracts we can't figure out.. TRUST ME not on your life buster!
This person is not really coherent.
A Bee doesn't argue with a fly why it collects honey instead of shit.
That's gold compared to crypto.
Keep herding gold while the rest hold shit 😂😂😂
Great interview! I like his opinions 🙏🏼
All the banks in the world are gold bugs🥸