The World Feels Like It’s on Fire… So Why Is the Market Only Down 1%? In this episode of the Payne Points of Wealth, Bob, Ryan and Chris have a wide-ranging, fast‑paced conversation on what really matters when markets get rattled.

With geopolitical tensions flaring in Iran, markets briefly sold off—everything except the U.S. dollar and oil. Yet despite the ominous headlines, the S&P 500 only dipped about 1%. So what’s the market actually telling us? Are we on the brink of a larger conflict, or is this another reminder that fear often speaks louder than fundamentals?

The team digs into why trying to time the market by running to cash feels smart—but usually backfires in practice. They unpack why markets tend to “settle up, not settle down,” and why investors often regret being out of the market far more than being temporarily uncomfortable in it.

Bob brings historical perspective, explaining why markets often bottom on bad news, not good news, and why some of the best long-term buying opportunities are born during periods of maximum uncertainty. The conversation also highlights the dangers of overconfidence, overconcentration, and mistaking headlines for signals.

Bob, Ryan & Chris also address oil prices, inflation, and global growth—exploring how higher energy prices could be a headwind or a surprising long-term tailwind, depending on how global supply and geopolitics evolve. The group also explains what bond markets and earnings data are quietly signaling beneath the noise.

Finally, Bob, Ryan and Chris tackle one of the biggest modern worries: artificial intelligence. Is AI going to replace jobs, crush the labor market, and make human advisors obsolete? Or is it simply the latest productivity tool in a long line of innovations that ultimately fuel growth? (Spoiler: human behavior still matters—a lot.)

As always, the discussion blends market insight, real-world investing wisdom, and plenty of humor—proving once again that successful investing isn’t about predicting the next crisis, but preparing for whatever comes next.

Key takeaways:

• Why short-term market drops don’t equal long-term danger
• The real cost of going to cash during uncertainty
• How diversification actually works when you need it most
• What earnings, bonds, and oil prices are signaling right now
• Why AI may boost productivity—but won’t fix investor psychology

If you’re feeling uneasy about the headlines, this episode is a timely reminder to stay rational, stay diversified, and stay invested!

In this wide-ranging and thought-provoking episode of Payne Points of Wealth, Bob, Ryan & Chris Payne sit down with legendary small-cap value investor Bob Killen, who brings more than 60 years of market experience to the table.

The conversation kicks off with a timely debate on gold and silver, sparked by a now viral quote from Bob Killen: “There are only two people in the world who truly understand gold—and they disagree on the price.” With precious metals going parabolic and emotions running hot, Bob offers a calm, long-term framework for thinking about gold—not just as an inflation hedge, but as a reflection of global wealth, supply and demand, and central bank behavior. His long-term price outlook may surprise you.

From there, the discussion broadens into the health of today’s market, highlighting the shift away from a narrow, mega-cap-led rally toward a much broader and healthier market, with strength in transports, small caps, commodities, and industrial names. Bob shares why this moment may resemble the 1950s more than the 1970s or 1990s, and what that could mean for investors over the next decade.

As a lifelong contrarian, Bob explains why he prefers buying what nobody wants—and names specific areas he believes are currently out of favor, including insurance stocks, REITs, and overlooked small-cap industrial companies. He also explains why discipline, patience, and risk management matter far more than being “right.”

The episode closes with some of Bob’s most valuable wisdom:

• Why emotion is the enemy of good investing

• The danger of falling in love with a stock

• Lessons learned from bankruptcy, bubbles, and booms

• And why avoiding big mistakes matters more than chasing big wins

Whether you’re navigating gold mania, questioning AI euphoria, or looking for opportunities beyond the Magnificent Seven, this episode is packed with hard earned insights, historical perspective, and timeless investment lessons.

Don’t miss this masterclass in long-term thinking from one of the great small-cap investors of our time.

In Episode 232 of the Payne Points of Wealth, Ryan and Chris Payne sit down with two industry heavyweights leading the charge in America’s critical minerals resurgence: Gary Evans, Chairman & CEO of United States Antimony Corporation (UAMY), and Paul Huet, Chairman & CEO of Americas Gold and Silver Corporation (USAS).

In one of the most energetic and eye‑opening conversations we’ve ever hosted, Gary and Paul reveal how their newly announced joint venture is poised to reshape U.S. supply chains for antimony—a mineral essential for defense, electrification, battery technology, solar, and the rapidly expanding AI-driven economy.

Together, they walk us through:

• The global silver shortage – why the world has been undersupplied by 200 million ounces per year for five straight years, and why silver under $50 may be gone forever.
• A behind-the-scenes look at their 30‑day whirlwind deal – how two American companies moved faster than anyone expected to launch a first‑of‑its‑kind U.S. antimony processing partnership.
• Why this may be the beginning of a commodity super-cycle – and why mining equities may still be dramatically undervalued even after silver’s massive run.
• How U.S. companies are racing to reduce dependence on China – from Project Vault to new domestic refining technologies.
• Reviving Idaho’s historic Silver Valley – including upgrading decades-old mines, modernizing extraction methods, tripling output, and unlocking a 100‑year district.
• The real bottleneck in critical minerals – not technology, but feedstock, and why partnerships like this could become the new template.
• The role of defense spending, allies, and national security in America’s next industrial revolution.

Stories from decades in mining, deal-making, and global operations, including Gary’s wild experiences sourcing antimony around the world, and Paul’s journey from underground driller in Canada to CEO.

Plus, Paul shares the song that changed his worldview growing up and tells the unbelievable story behind his mining tattoos and how he ended up running some of the top mining companies globally.

This episode is fast-paced, loaded with insights, and captures a moment that could shape America’s mineral independence for decades to come. If you care about how commodities can play a vital role in your investment portfolio, national security, or the future of U.S. manufacturing, this is a must-listen.