# De-Dollarization, Debasement & Diversification: Precious Metals with Nicky Shiels

Page: https://stenobird.com/podcast/the-hc-commodities-podcast-1242341/de-dollarization-debasement-diversification-precious-metals-with-nicky-shiels
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Podcast: [The HC Commodities Podcast](https://stenobird.com/podcast/the-hc-commodities-podcast-1242341)
Published: 2026-06-30T23:00:00+00:00
Episode link: https://www.hcgroup.global/
Audio file: https://dts.podtrac.com/redirect.mp3/cdn.simplecast.com/media/audio/transcoded/911da7df-97ee-4074-95b8-cb7db4fd953e/f16f4497-1462-46a1-9e27-57c332c5c121/episodes/audio/group/7d8eccd9-c606-44d9-92ee-1b43d2e3d223/group-item/1468d7e8-ba5e-4d53-8c55-f63d4d5a35cc/128_default_tc.mp3?aid=rss_feed&feed=QXaWSc4o
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Duration seconds: 2851

## Resource

Today we discuss gold, silver and the platinum group metals. What drove the huge run-up in prices for all of them in 2025 and into 2026, and was the US-Iran war just a setback to those prices or the end of a bull market? Our guest is Nicky Shiels, Head of Research and Strategy for MKS Pamp, a global trading house and refiner for precious metals serving a diverse and global customer base.

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## Transcript

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