MB521: Gold Hit Record Highs… Then Dropped: What’s Driving Prices in 2026 (And What to Do Next) – With Dana Samuelson
Financial Freedom with Real Estate Investing
Michael Blank
4.7 • 577 Ratings
🗓️ 27 April 2026
⏱️ 42 minutes
🧾️ Download transcript
Summary
In this episode with Dana Samuelson, step outside the usual real estate conversation to explore the role of precious metals (specifically gold and silver) in today’s uncertain economic environment.
Why should real estate investors care about gold? Whether you’re a passive investor allocating capital or an active investor raising it, understanding alternative asset classes is critical. Precious metals have long played a role in preserving wealth, hedging against inflation, and providing liquidity during times of crisis—and today’s macro environment makes them especially relevant.
We break down the key drivers behind gold’s recent surge and volatility, including inflation, interest rates, central bank buying, geopolitical tensions, and the strength of the U.S. dollar. You’ll also hear how gold behaves differently from real estate and stocks—and why that matters when building a resilient portfolio.
Key Takeaways:
- Gold can act as both an inflation hedge and a form of financial insurance
- Market liquidity events can temporarily drag down all assets—including gold
- Interest rates and the strength of the dollar play a major role in gold pricing
- Diversification across asset classes is essential for long-term wealth preservation
- Real estate and gold can complement each other when used strategically
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For full episode show notes visit: https://themichaelblank.com/podcasts/session521/
Transcript
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| 0:00.0 | Hey, dealmakers, welcome to the show where it's all about financial freedom. Let's do this. |
| 0:11.3 | Now, today we're going to talk about precious metals. Why would we do that when we normally |
| 0:14.6 | talk about real estate and multifamily and things of that nature? Well, for two reasons. |
| 0:18.9 | One is if you're a passive investor, you care about |
| 0:22.3 | different kinds of investment classes, asset classes, alternative investments, et cetera. So |
| 0:26.4 | one should have a good view of various different alternative asset classes to invest in, |
| 0:31.1 | and precious metals, of course, is one of them. If you're a GP, it's very important that you |
| 0:35.7 | understand the differences between alternative |
| 0:38.7 | investments so that you can better speak to your passive investors. Because even though real estate |
| 0:43.7 | checks a lot of boxes, over 25% of billionaires' investments are in fact in real estate, |
| 0:49.3 | it's not the only place that billionaires invest in. They invest in, of course, stocks and bonds, |
| 0:53.6 | but also private equity, |
| 0:55.0 | a big chunk of that. And then in some degree, precious metals and, of course, things like |
| 0:59.1 | crypto as well. So why is that? Why do we need to pay attention to precious metals is because |
| 1:05.3 | it takes a place in a portfolio of a high net worth individual and both as a passive and active, |
| 1:11.3 | we have to understand the pros and cons of this particular asset class. There's a recent |
| 1:16.0 | Wallstead article called Warren Inflation are supposed to be gold friends, and then it says, |
| 1:21.4 | not this time. Ha, ha, ha, right? And it's kind of expressing the confusion about what gold |
| 1:25.7 | and what's going on right now. And so today we have a gold expert on the show. His name is Dana Samuelson. I've known him for a number of years. |
| 1:32.9 | Man, he's been in this precious metals business for a long, long time. And if you subscribe to his newsletter, it's you actually, it's 90% economic outlook in things in each interest rates. |
| 1:44.7 | Everything that real estate investors care about is in this newsletter. |
| 1:48.8 | So I highly recommend that you guys check out his website and subscribe to his newsletter because it's so interesting. |
... |
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