Graham Stephan checks the gold sales behind an inflation warning
His only upload of the week weighs rising costs against the commercial interests behind a precious-metals pitch.
Why this story? The channel's weekly summary: what went up this week, what is drawing views now, and where the channel stands among similar channels.
The Second Wave of Inflation Is Coming (Nobody Is Prepared)
Things we can learn from the video
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- 0:38Kenney presents energy and food cost warnings; Stephan explains that consumer prices can respond with a delay.
- 4:47A sponsored budgeting-app segment interrupts the inflation discussion.
- 7:13Stephan questions inflation metrics while acknowledging that food and energy prices are volatile.
- 8:41He cautions that similar-looking historical charts do not guarantee a repeat of 1970s inflation.
- 10:45ITM Trading's bullion sales lead Stephan to frame its inflation warning as precious-metals marketing.
- 12:27Stephan favors a possible small gold hedge over panic buying based on worst-case scenarios.
Graham Stephan follows the inflation charts, then opens the seller's website. That small detour is the revealing moment in "The Second Wave of Inflation Is Coming (Nobody Is Prepared)", his only new upload this week, which has reached about 69,000 views.
Reacting to ITM Trading's Taylor Kenney, Stephan considers warnings about energy and food costs, the delayed effect on consumer prices and why asset ownership has widened wealth disparities. But he resists treating a resemblance to 1970s inflation charts as proof that history must repeat.
Then comes the website check: ITM Trading sells gold and silver bullion. Stephan frames its warning as marketing for precious metals, rather than a disinterested forecast. His conclusion is less alarming than his own title: a small gold allocation can be a hedge, he says, without panic buying around worst-case scenarios. The upload also contains a sponsored segment for a budgeting app.
Viewers debate what inflation measures leave out, how fuel costs travel through supply chains and whether expectations can make price rises self-reinforcing. Those are questions, not evidence that another inflation wave is inevitable.
Across The Graham Stephan Show, subscribers were unchanged and the archive added roughly 122,000 views over the week. Daily viewing is now well below its usual level. Among similarly sized money channels, Patrick Boyle has had a much busier week, while BiggerPockets' daily viewing is close to normal.
Stephan's older "My Response To Nick Fuentes..." remains the channel's strongest daily draw, followed by its paid-off-mortgage warning. The new inflation reaction sits behind both.
Published on Trari
Where next?
The videos drawing views on The Graham Stephan Show right now
- Channel
- The Graham Stephan Show
- Subscribers
- 1,240,000
- Channel views, last 7 days
- 121,844
- Videos published this week
- 1
- Video published
- October 26, 2026
- Video views so far
- 69,375
- Views on its first day
- 53,576
The numbers
Here is the week in views and subscribers for The Graham Stephan Show.
💡 Test your knowledge
What does IMF stand for in the inflation discussion?
The IMF is the International Monetary Fund, whose warnings feature in the reaction.




