Ritesh Jain on the Brave New World: De-Dollarization, Gold, Geopolitics & Global Investing

In this insightful conversation hosted by Thrive by Groww and recorded on 19 May 2026, Ritesh Jain, Founder of Pinetree Macro, discusses how the global investment landscape has changed since 2020 and why investors may need to rethink traditional assumptions about markets, currencies, bonds, commodities, and portfolio construction. Ritesh explains why he believes the world has entered a new macroeconomic regime marked by de-dollarization, reindustrialization, supply chain restructuring, energy security concerns, and rising geopolitical fragmentation. He shares his views on gold's role in the evolving monetary order, the outlook for the US dollar, and the implications of these changes for investors over the coming decade. The discussion also covers India's manufacturing ambitions, energy security challenges, AI infrastructure, foreign capital flows, portfolio allocation, real estate, global investment opportunities, and the importance of looking beyond benchmark indices when identifying long term trends. Topics covered: • The "Brave New World" and what changed after 2020 • De-dollarization and the future of the US dollar • Gold as a macro hedge and store of value • Reindustrialization and the rebuilding of global supply chains • Energy security and geopolitical risk • India's role in the changing global economic order • Manufacturing, infrastructure, and long term growth opportunities in India • Portfolio allocation in a world of higher inflation and geopolitical uncertainty • Why Ritesh prefers global investing and thematic opportunities • Electrification, defence technology, engineering services, and other structural themes • The outlook for bonds, commodities, and global equities • AI infrastructure, data centres, and India's positioning • Real estate opportunities in Tier 2 and Tier 3 India • Family offices versus HNIs in navigating a changing investment landscape • Lessons for retail investors in an era of abundant information Hosted by Thrive by Groww: Special thanks to Thrive by Groww for hosting this conversation. #GlobalMacro #Investing #Gold #DeDollarization #IndiaEconomy #StockMarket #WealthManagement #FamilyOffice #AI #ArtificialIntelligence #Geopolitics #Commodities #PortfolioManagement #IndianMarkets #MacroInvesting #RiteshJain #PinetreeMacro #financialmarkets Contact Us: To connect with Ritesh, please email: [email protected] Link to Pinetree Macro website: https://www.pinetreemacro.com/ Link to NRIZEN website: https://www.nrizen.com/ Ritesh Jain’s Arattai channel where he discusses macro themes: https://aratt.ai/@pinetree_macro Disclaimer: This podcast was recorded on 19 May 2026 and reflects the views, opinions, assumptions, and market assessments of the speaker(s) as of the recording date. Market conditions, economic developments, geopolitical events, and regulatory frameworks may have changed subsequently. The content is provided solely for informational and educational purposes and should not be construed as investment, legal, tax or financial advice, or as an offer or solicitation to buy or sell any securities or fund interests. The views expressed are as of the date of the podcast and are subject to change without notice. While efforts are made to use reliable information, Pinetree Macro makes no representation or warranty regarding the accuracy of the content and accepts no liability arising from its use. This material is proprietary to Pinetree Macro Private Limited and may not be reproduced or redistributed without prior written consent. © Pinetree Macro Private Limited. All rights reserved.