Earnings360 Newsletter for 12/12/2024

A new bill is accelerating the shift of financial infrastructure onto blockchain rails, and major institutions are already positioning. BlackRock, JPMorgan, Goldman Sachs, and Fidelity have all made moves in this space. The logic is straightforward: when highways were built, oil demand surged; when nuclear plants expanded, uranium followed. Now, as trillions in transactions move onto blockchain systems that require a specific digital commodity to function, a similar supply-demand dynamic could be forming. Legendary tech investor Andy Howard has identified what he believes is the key asset at the center of this shift, along with the specific ticker he's watching.

Central banks bought more gold last year than in any year since 1967 — and the pace is accelerating just as physical demand begins to overwhelm paper supply. The next major delivery cycle opens March 31, when paper contract holders can demand physical gold from Western vaults. Dylan Jovine at Behind the Markets has identified one small company sitting on one of the largest undeveloped gold deposits in North America, positioned to benefit if this supply-demand imbalance intensifies after the delivery window opens.