Investors / stance tracking
What Jim Grant is saying
Editor, Grant's Interest Rate Observer
9 dated public stances tracked since 2019-01-18, most recently 2026-06-12. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Jim Grant's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Jim Grant is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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9
tracked stances
7
themes
0
side flips
2026-06-12
last heard
Returns 90d +4.4% (n=5) · 180d +14.1% (n=5) · 1y +65.7% (n=5)
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| GOLD | 3 | 3 bullish | 2026-06-12 | |
| AI INFRASTRUCTURE (SEMICONDUCTORS, DATA CENTERS) | 1 | 1 bearish | 2026-06-12 | |
| BANKS | 1 | 1 bullish | 2026-06-12 | |
| BITCOIN | 1 | 1 bearish | 2025-02-20 | |
| Gold Miners | 1 | 1 bullish | 2025-02-20 | |
| OIL | 1 | 1 bullish | 2026-06-12 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-06-12
AI INFRASTRUCTURE (SEMICONDUCTORS, DATA CENTERS)
bearish
Meb Faber · video
Capital flooding into AI mirrors the railroad and fiber optic bubbles — double ordering and overbuilding of data centers and semiconductors based on demand that is unknowable and likely miscalculated
“I think that today is one of the greatest bubbles of all time”
Jim Grant: The Next Crash Won't Look Like 2008
2026-06-12
GOLD
owns
Meb Faber · video
The dollar has been structurally debased to near zero against gold; the Fed is constrained from fighting inflation by extreme financial leverage, ensuring continued monetary debasement, and central banks globally are accumulating gold as validation
“I own it because I believe the dollar has gone to zero basically against gold”
Jim Grant: The Next Crash Won't Look Like 2008
2026-06-12
UK USED CAR MARKETPLACE PLATFORM
bullish
Meb Faber · video
The market is pricing in AI-driven disruption of a UK used car transaction platform that Grant believes is unlikely to materialize, creating a valuation opportunity in the bargain bin
“the market is quite sure it will be disrupted by AI, but we think there are reasons to doubt that”
Jim Grant: The Next Crash Won't Look Like 2008
2026-06-12
BANKS
bullish
Meb Faber · video
Certain smaller European banks trade at astonishingly low multiples of book value and earnings, offering value despite — or because of — being overlooked in a high-CAPE environment
“obscure banks in the continent of Europe trading at astonishingly low multiples of book and earnings”
Jim Grant: The Next Crash Won't Look Like 2008
2026-06-12
OIL
bullish
Meb Faber · video
Supply-demand balance structurally favors oil longs regardless of near-term Iran geopolitical noise, which Grant views as performative rather than fundamentally supply-disrupting
“the supply demand balance is going to favor the long side of the hydrocarbon markets”
Jim Grant: The Next Crash Won't Look Like 2008
2025-02-20
GOLD
bullish
Wealthion · video
Fed credibility is structurally impaired (operating losses $200B, transitory blunder) and US public credit is deteriorating, making gold the natural monetary alternative as the PhD standard replaces the elegance of the gold standard
“I truly believe in gold as a monetary asset not as a Keepsake”
90d +12.9% · 180d +12.6% · 1y +72.9%
Jim Grant's Golden Truth - Part II
2025-02-20
Gold Miners
bullish
Wealthion · video
Gold miners massively underperformed gold in 2024 (GDX +10% vs gold +27%), the Trump-reaction headwind and rising-real-rates drag on miners are now behind us, creating mean-reversion setup for the next six months
“I truly believe that in the next 6 months...the gold stocks are going to have a very strong period”
90d +17.0% · 180d +34.0% · 1y +153.4%
Jim Grant's Golden Truth - Part II
2025-02-20
BITCOIN
bearish
Wealthion · video
Bitcoin has no 5,000-year monetary track record and is susceptible to rug-pull dynamics (citing Dogecoin); its intrinsically efficient price is zero, and its champions exhibit the same judgment failures as those promoting presidential meme coins
“I think the most efficient price of Bitcoin is zero”
90d -11.4% · 180d -14.8% · 1y +30.9%
Jim Grant's Golden Truth - Part II
2019-01-18
GOLD
bullish
Jim Grant · video
Fiat money conjured by central banks (Fed, ECB, BoJ) at will is not a true store of value; its weightlessness fuels credit mispricing and real resource misallocation, making tangible gold the logical monetary refuge when repricing eventually forces a reckoning
“what is money...that thing which can be conjured from a computer terminal at the FED in the trillions without anybody raising a sweat”
90d -0.5% · 180d +11.2% · 1y +21.3%
EPISODE 6: James Grant, Founder, Grant's Interest Rate Observer
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