{"podcast":{"title":"Payne Points of Wealth","slug":"payne-points-of-wealth-1042508","podcast_index_feed_id":1042508,"rss_url":"https://feed.podbean.com/nopaynenogain/feed.xml","website_url":"https://nopaynenogain.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/5162570/PPOW_Design_1_yeuxig.jpg","author":"Ryan Payne","episode_count":243,"summary":"Welcome to the Payne Points of Wealth: The podcast that addresses all the pain points that come with creating your wealth, growing your wealth, and sustaining your wealth. Hosted by the Family Wealth Experts of Payne Capital Management, Bob, Ryan & Chris Payne. On a weekly basis, they deliver timely strategies and solutions for the pain points that come with building, preserving and managing your wealth.","last_synced_at":"2026-06-19T12:17:57.865234+00:00","page_url":"https://stenobird.com/podcast/payne-points-of-wealth-1042508"},"episode":{"title":"Gold, Silver, Small Caps & the Case for Contrarian Investing | with Bob Killen","slug":"gold-silver-small-caps-the-case-for-contrarian-investing-with-bob-killen","published_at":"2026-02-20T02:55:05+00:00","page_url":"https://stenobird.com/podcast/payne-points-of-wealth-1042508/gold-silver-small-caps-the-case-for-contrarian-investing-with-bob-killen","show_page_url":"https://stenobird.com/podcast/payne-points-of-wealth-1042508","url":"https://nopaynenogain.podbean.com/e/gold-silver-small-caps-the-case-for-contrarian-investing-with-bob-killen/","audio_url":"https://mcdn.podbean.com/mf/web/jx8wjijywgbksypg/Episode_233_Audio_V37j4os.mp3","summary":"In this wide-ranging and thought-provoking episode of Payne Points of Wealth, Bob, Ryan & Chris Payne sit down with legendary small-cap value investor Bob Killen, who brings more than 60 years of market experience to the table. The conversation kicks off with a timely debate on gold and silver, sparked by a now viral quote from Bob Killen: “There are only two people in the world who truly understand gold—and they disagree on the price.” With precious metals going parabolic and emotions running hot, Bob offers a calm, long-term framework for thinking about gold—not just as an inflation hedge, but as a reflection of global wealth, supply and demand, and central bank behavior. His long-term price outlook may surprise you. From there, the discussion broadens into the health of today’s market, highlighting the shift away from a narrow, mega-cap-led rally toward a much broader and healthier market, with strength in transports, small caps, commodities, and industrial names. Bob shares why this moment may resemble the 1950s more than the 1970s or 1990s, and what that could mean for investors over the next decade. As a lifelong contrarian, Bob explains why he prefers buying what nobody wants—and names specific areas he believes are currently out of favor, including insurance stocks, REITs, and overlooked small-cap industrial companies. He also explains why discipline, patience, and risk management matter far more than being “right.” The episode closes with some of Bob’s most valuable wisdom: • Why emotion is the enemy of good investing • The danger of falling in love with a stock • Lessons learned from bankruptcy, bubbles, and booms • And why avoiding big mistakes matters more than chasing big wins Whether you’re navigating gold mania, questioning AI euphoria, or looking fo…","meta_description":"In this wide-ranging and thought-provoking episode of Payne Points of Wealth, Bob, Ryan & Chris Payne sit down with legendary small-cap value investor…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2733,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/payne-points-of-wealth-1042508/episodes/gold-silver-small-caps-the-case-for-contrarian-investing-with-bob-killen/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/payne-points-of-wealth-1042508/gold-silver-small-caps-the-case-for-contrarian-investing-with-bob-killen.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}