In this episode, David Creighton (Chair of the BT Advisory Board) and Paul Beattie (Managing Director and Co-founder of the BT Global Growth Fund) discuss recent market volatility and investment opportunities across multiple sectors. They explore the impact of geopolitical tensions, analyze the controversial SpaceX IPO valuation, examine massive capital expenditures in AI and data centers, and assess the diverging economic trajectories between the US and Canada. The conversation also covers currency headwinds affecting the Canadian dollar, strategic opportunities in mining and rare earth metals, and potential bottoming signals in precious metals and cryptocurrencies heading into fall.

 In this episode, David Creighton (Chair of the BT Advisory) and Paul Beattie (Managing Director and Co-founder of the BT Global Growth Fund) discuss the challenges of navigating an overheated market with an abundance of compelling investment opportunities. They explore surging semiconductor valuations at historic extremes, massive inflows of capital from Japan and the Middle East into U.S. equities, and their disciplined approach to selling winners and cutting losses without ego. They also share insights into their fund management philosophy and highlight emerging hypergrowth opportunities in healthcare and specialty apparel. 

In this episode, David Creighton (Chair of the BT Advisory Board) and Paul Beattie (Managing Director and Co-founder of the BT Global Growth Fund) discuss current investment strategies amid significant market volatility.

In this episode of the BT Global Perspectives Podcast, David Creighton sits down with Paul Beattie to unpack the rapidly shifting global market landscape. They explore how escalating geopolitical tensions, particularly involving Iran, are influencing commodity markets and driving uncertainty for investors.

The conversation dives into the implications of rising oil prices, the risk of stagflation, and why defensive positioning may be essential in today’s volatile environment. Beattie also shares insights on inflation being higher than official figures suggest and explains why hard assets like gold, silver, energy, and other commodities may offer protection.

The episode also examines the structural dynamics of precious metals markets, including the imbalance between paper and physical gold and silver, and what that could mean for future prices. Finally, Beattie highlights several emerging silver producers that could benefit from tightening supply and growing industrial demand.

We invite you to listen to Episode 25 of the BT Global Growth Podcast*: “Hard Assets and the Picks for ‘26”, recorded on January 26th, 2026, and featuring our very own Paul Beattie and David Creighton.