Ed Yardeni: Invest in Gold, Base Metals Amid Geopolitical Risks, Trump's Tariff Threats

• Ed Yardeni advises investors to "go with the flow" into precious metals (gold, silver, palladium, platinum) due to rising geopolitical risks.
• He also sees a structural boost for base metals (copper, tin, lead, aluminium) driven by increased defense spending and infrastructure needs in a more dangerous world.
• Yardeni highlights escalating geopolitical tensions, including Donald Trump's tariff threats on Greenland, which he warns could embolden China regarding Taiwan.
• Despite risks, financial markets remain resilient, attributed to investor familiarity with Trump-era tariff threats and their often diluted impact.
• Yardeni recommends a diversified portfolio of stocks and precious metals, cautioning against bonds, and notes a shift in US equity markets beyond the 'Magnificent 7' to the 'Impressive 493'.

Why It Matters: Ed Yardeni recommends investing in gold and base metals due to global risks, while diversifying stocks and avoiding bonds.