In this episode of the MoneyShow MoneyMasters Podcast, Nancy Davis, founder of Quadratic Capital Management, and Mike McGlone, senior macro strategist at Bloomberg Intelligence, dive into what the end of a historic yield-curve inversion and a Fed cutting cycle could mean for investors – particularly in precious metals and bonds.    Nancy breaks down why traditional bond benchmarks may not offer the safety many assume, while Mike explains what’s fueling gold’s breakout and why deflation risks are back on the radar.   They also touch on central bank gold buying, ETF flows, and how investors can think about balancing inflation and deflation in their portfolios. It’s a timely look at the forces shaping bonds, gold, other commodities, and stocks as 2026 nears. CHAPTERS:   00:00 — Intros and Guest Backgrounds 01:20 — Bond Market Shifts and Fed Policy 03:15 — Yield-Curve Inversion and What Comes Next 05:10 — Rate Cuts, Term Premium, and Real Rates 07:15 — Gold’s Breakout and Drivers 09:00 — Central Bank Buying and ETF Flows 11:00 — Silver, Platinum, and Broader Metals 13:00 — Inflation vs. Deflation Risks 15:10 — Core Bond Indices and Hidden Risks 19:50 — Final Takeaways and Event Details   If you enjoyed this episode of the MoneyShow MoneyMasters Podcast, don't forget to LIKE, COMMENT, and SUBSCRIBE for more expert insights!   📅 Join us for the 2025 MoneyShow/TradersEXPO Orlando (Oct. 16-18)!   Register here: https://orlando.moneyshow.com/?scode=061246    For more episodes of the MoneyShow MoneyMasters Podcast, visit our podcast page:  https://www.youtube.com/@MoneyShow/podcasts    Podcast: https://open.spotify.com/show/1lNJp1Wo2DI8hkZe7I4gY2  Facebook: https://www.facebook.com/OfficialMoneyShow/  Instagram: https://www.instagram.com/moneyshow/#  TikTok: https://www.tiktok.com/@officialmoneyshow?lang=en  X (Twitter): https://x.com/moneyshow  LinkedIn: https://www.linkedin.com/company/moneyshow/