Top analyst Tom Lee on gold’s black swan risk: Elon Musk becoming ‘the new central bank’

In a conversation exploring the collision of traditional finance and futuristic technology, top Wall Street strategist Tom Lee sketched out a wild “black swan” scenario in which the global financial system is upended not by the Federal Reserve, but by Elon Musk.

Speaking at a live recording of SoFi’s The Important Part podcast at WNYC, the Fundstrat cofounder and head of research raised his eyebrows and offered various thoughts on the asset, wowing the crowd and drawing smiles and laughs from co-panelist Michael Lewis...