Business
Outside The Dollar
Outside The Dollar offers brief, 15-minute weekly updates on gold, silver, and the broader economic trends influencing the U.S.
Episodes
The archive
25 episodes, newest first.
- Gold & Yuan: China's 1,000-Tonne Buying SpreeChina imported more than 1,000 tonnes of gold during the first eight months of 2026, a pace that puts gold and other precious metals back in the spotlight for October 2026. Elena Reyes connects that demand to falling consumer sentiment, renewed inflation worries and an IMF warning about concentrated stock markets. The episode also looks at how China's gold buying fits into a gradual push to expand the yuan's international role. It explains why purchasing power and diversification matter for savers who hold or are considering gold, silver or other precious metals, without predicting prices. Sources include NerdWallet and the University of Michigan, Yahoo Finance, The Guardian and the IMF, CNBC, and a Lear Capital blog post on gold and the yuan.
- Gold & Inflation: Jobs, Oil and $100 CrudeSeveral economic signals may point to a market environment that is more fragile and inflation-sensitive than headline numbers show. The U.S. added 29,000 jobs in September, while the ISM services Prices Index rose to 74.0 and central banks added a net 39 tonnes of gold in August. The episode connects AI concentration, softer hiring, stubborn prices, central-bank gold buying and oil above $100, and explores why some investors may consider gold, silver and other precious metals for diversification. It does not offer investment advice. Sources referenced include the CBS News September jobs report, the ISM services report, and the World Gold Council's central bank gold statistics for August.
- Bonds, Gold & Silver: Your Purchasing PowerA strong-looking economy can still leave Americans feeling squeezed by prices and borrowing costs. This October 2026 brief on gold, silver and precious metals connects a global bond selloff, one economist's long-term case for gold, an analyst's view on silver, and the way inflation compounds over time. Elena Reyes walks through why higher yields can influence mortgages and business loans, why debt and inflation worries put gold in the conversation, and how nominal value differs from real purchasing power. The goal is to give listeners who hold or are considering precious metals a clear framework to research. The episode draws on reporting from National Review, Yahoo Finance, AEI and MoneyWeek, plus a Lear Capital blog.
- High Rates, $1.4T Debt & China's Gold BuyingThe dollar remains the world's leading reserve currency, but China is building more ways to trade, settle payments, and hold reserves outside of it, a shift accelerating through September 2026. This episode examines how persistently high interest rates, a national debt whose interest costs are approaching $1.4 trillion this fiscal year, and China's shrinking Treasury holdings are converging with its expanding gold purchases and non-dollar payment infrastructure. Elena Reyes explores why fewer foreign buyers for U.S. debt matters even as the U.S. keeps issuing more of it, and why China's gold imports topping 1,000 tons this year sit alongside a firmer yuan and new gold-market infrastructure in Hong Kong. For anyone holding or considering gold, silver, or other precious metals, these shifts speak to how purchasing power and reserve-currency dynamics could evolve. Drawn from Business Insider, InvestmentNews, IBTimes, and the September 24 Lear Capital blog on China, the dollar, and gold.
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- 10-Year Treasury: Breaking Above 5%The 10-year Treasury yield moved above 5% in September 2026, and that single number is already reaching mortgages, retirement accounts, and the conversation around gold and silver. Elena Reyes walks through five economic pressures CBS News flagged—oil prices, inflation, interest rates, federal debt, and AI stock valuations—before breaking down why the bond market move matters and how higher rates can create short-term pressure on precious metals even as some investors weigh them for long-term diversification. She also explains, in plain language, what a Treasury yield actually is and why a bond market number can show up in a mortgage payment. The episode draws on CBS News, CNBC, Investopedia, and World Gold Council reporting from September 2026.
- Roubini's 4 Risks: Gold, Oil & $40T DebtFinancial pressure is building on U.S. household purchasing power from several directions at once, and September 2026 data shows why. Elena Reyes walks through central bank gold buying, an oil price nearing $100, a $40 trillion federal debt load whose interest costs are climbing, and economist Nouriel Roubini's four watch points, before asking whether retirement savings are actually keeping pace with inflation. She explains how cash, CDs, and gold each behave differently in this environment, and why purchasing power, not just account balances, is the number that matters. The discussion draws on the World Gold Council's central bank gold statistics, Yahoo Finance reporting on federal interest costs and Roubini's risk list, and Lear Capital's retirement savings research, and touches on gold, silver, and precious metals as one possible way to research diversification.
- $40T Debt: Growth, Gold & The Fed's ChoiceAmerica's federal debt has now crossed $40 trillion, and rising interest rates are making that debt more expensive to carry, not just larger. This September 2026 episode explores whether faster economic growth can meaningfully shrink the debt burden, why analysts are watching real assets like gold and silver as diversification tools, and how a new Texas law is expanding the transactional role of precious metals. Elena also unpacks the difficult position the Federal Reserve faces as it weighs elevated inflation against pockets of labor market weakness. The discussion matters for anyone holding or considering gold, silver, or other precious metals amid an uncertain debt and rate outlook. Source material referenced includes FXStreet analysis, Yahoo Finance reporting on Treasury Secretary Scott Bessent's growth plan, U.S. News coverage of real assets, and The Sun's reporting on Texas's new precious metals payment law.
- Debasement Trade: Debt, China & Gold's RiseRising U.S. debt concerns, a revived 'debasement trade,' and China's push for financial systems outside the dollar all pointed toward the same theme in August 2026: growing unease about currency confidence and inflation. Elena Reyes examines Ray Dalio's warning that America's debt burden could raise the risk of a future crisis, why CNBC found scarce assets like gold back in favor, and how U.S.-China tensions over Iran are accelerating Beijing's alternative payment network. She also covers gold and silver's strong August gains and closes with why some investors view physical precious metals as a diversification option beyond traditional currencies and institutions. Sourced from CNBC and Yahoo Finance reporting on Dalio's remarks, the debasement trade, and China's payment network.
- $40 Trillion Debt: Gold and Silver RespondElena Reyes connects July's $432 billion deficit, a 30-year Treasury yield above 5.2%, and the run in gold and silver, then asks what it means for savers.
- Jobs Miss, Gold Jumps 7%Elena Reyes looks at July's surprise loss of 23,000 jobs, inflation still above the Fed's target, gold's strongest week in months, and why central banks keep adding to their gold reserves.
Talent
Talents in this show
Each one has a profile of their own.
About
What the show is
dollar and financial markets. Hosted by Elena Reyes of Lear Capital, the podcast provides straightforward insights designed to help listeners stay informed and protect their savings without all the noise.
Information contained within Lear Capital's podcast is for general educational purposes and should not be construed as investment advice. Lear Capital does not provide legal or tax advice, or retirement-specific recommendations.
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