David Murrin on We Are Already in World War III

By Brian Chu, Saturday, 04 January 2025

It’s Brian Chu here again.

I hope you’ve been enjoying our Gold Summer Series so far.

I especially enjoyed yesterday’s interview with Jim Rickards. Jim was a big influence on my gold journey, so it was good to hear his latest views on the market.

Today you’ll hear from global cycles forecaster David Murrin.

David has a long and varied career, which began in the oil exploration business amongst the jungles of Papua New Guinea and the southwestern Pacific Islands.

There, he engaged with the tribes of the Sepik River while exploring the mineral composition of the region.

This was before the age of adventure tourism, and the region was dangerous and uncertain. His work with the PNG tribespeople informed and catalysed his theories on collective human behaviour.

He took that experience into the trading floor in the 1980s, trading FX, bonds, equities and commodities on JP Morgan’s first European proprietary trading desk, before founding JPM’s highly successful European Market Analysis Group.

In the ’90s, he founded his own hedge fund and co-founded various other market funds focused on Africa.

What binds it all is a focus on understanding collective human behavioural patterns, both now and in history, in order to try to predict the future of geopolitics and markets.

It makes for a fascinating interview.

David’s view is that we’re in the early phases of World War III. It began in 2022 with Russia’s invasion of Ukraine.

He also makes the point that China is engaging in a massive arms build-up.

Listening to David is a real treat. He connects the dots in ways that no one else can.

I hope you enjoy this interview as much as I did…

God bless,

Brian Chu Signature

Brian Chu,
Editor, Gold Stock Pro and The Australian Gold Report

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

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Brian Chu is one of Australia’s foremost independent authorities on gold and gold stocks, with a unique strategy for valuing big producers and highly speculative explorers. He established a private family fund that only invests in ASX-listed gold mining companies, being one of a few such funds in Australia, putting his strategy and research skills to the test under public scrutiny. He currently writes two gold-focused investment advisories.

In his Australian Gold Report, Brian helps you build long-term wealth in physical gold and a select portfolio of hand-picked stocks comprising mainly producers with proven revenue streams and appealing risk-reward profiles. He uses his original valuation metrics and a tried-and-tested investment strategy to help you to deliver sustained outperformance against industry benchmarks.

In his more specialised Gold Stock Pro service, Brian helps readers trade some of the most exciting, speculative gold mining plays on the ASX. He uses his proprietary system — based on the famous Lassonde Curve model, which tracks the life cycle of mining stocks. His aim is to help you navigate the gold and silver cycles, and to capitalise on the bull market for opportunities to deliver outsized gains.

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All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.