After the Midterms the Fed Starts Printing and Gold Will Grind Higher, Clem Chambers Warns

The AI boom is fundamentally an electricity race, creating massive demand for energy infrastructure like switchgear and gas turbines. This bottleneck in the value chain is forcing a shift toward onshoring production and massive capital investment. While software companies currently lead the AI market, the real economic growth lies in the underlying infrastructure—copper, power generation, and construction—where supply is failing to meet demand. Geopolitical competition between the U.S. and China intensifies this struggle, as energy capacity becomes a proxy for national dominance. Investors should look beyond high-profile tech stocks toward the essential parts of the value chain, such as mining, construction, and power distribution. Ultimately, this transition represents a new economic epoch requiring significant capital, which will likely drive inflation and necessitate strategic, diversified risk management for long-term portfolio growth.