Kitco NEWS

Kitco NEWS

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Kitco NEWS episodes

  • China's 17 Month Gold Spree: Why Central Banks Bought 244 Tonnes In Q1 | Dominic Frisby

    Central banks acquired 244 tonnes of gold in the first quarter of 2026, marking 10 out of the last 11 quarters where sovereign purchases exceeded 200 tonnes. Jeremy Szafron anchors an exclusive 45 minute deep dive with financial historian and author Dominic Frisby to uncover the reality of this massive sovereign accumulation.

    In this masterclass interview, Frisby reveals why China’s official reserve number of 2,300 tonnes is masking a true stockpile that could be closer to 30,000 tonnes. He details how domestic mining, Shanghai Gold Exchange withdrawals, and undeclared imports point to a hidden reserve designed to eventually challenge the US dollar's global dominance. The conversation also explores the Bank of France's recent 129 tonne repatriation, revealing the critical difference between holding gold on a ledger and securing physical bullion within sovereign borders.

    Frisby, launching his new book The Secret History of Gold, goes beyond standard macro analysis to expose how artificial intelligence threatens the traditional income tax base, why Tether is hoarding $20 billion in physical metal, and what Triffin’s Dilemma means for the future of American manufacturing. For retail investors, Frisby outlines his $10,000 gold target by 2030, explains the "Dolce Far Niente" portfolio strategy, and breaks down the current disconnect in mining equities.

    Recorded May 5 2026

    Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) 
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    Timestamps:
    00:00 Intro: Central Banks Buy 244 Tonnes in Q1
    02:15 The Sovereign Shift: Poland, China, and the Silk Road
    08:30 China's 30,000 Ton Gold Secret
    21:40 Bank of France Repatriates US Gold Reserves
    25:35 Triffin's Dilemma and the Decline of US Manufacturing
    28:45 How AI Will Destroy the Fiat Tax Base
    39:00 Why Tether is Hoarding $20 Billion in Physical Gold
    41:30 Gold Price Forecast and the "Dolce Far Niente" Strategy
    44:45 Silver at $73 and the Disconnect in Mining Equities
    49:15 The Secret History of Gold: Why Metals Will Outlast Fiat

    #Gold #Macroeconomics #China #DominicFrisby #KitcoNews
    __________________________________________________________________

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    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    56 min
  • Why Gold Still Matters as Money Goes Digital | Chris Giancarlo

    Is the push for a digital dollar a necessary upgrade to protect America's financial dominance, or is it laying the groundwork for financial surveillance? Former CFTC Chairman J. Christopher Giancarlo joins Kitco News Anchor Jeremy Szafron to cut through the noise on the future of your money.

    In this exclusive interview, Giancarlo explains why traditional U.S. banks are using their lobbying power to slow down stablecoin innovation, the reality of Central Bank Digital Currencies (CBDCs) acting as potential tools for government repression, and why he believes the U.S. must encode privacy rights into digital money to maintain global dominance. We also explore the paradox of why major stablecoin issuers are aggressively hoarding physical gold, the enduring value of precious metals as fiat systems go digital, and how Wall Street's core plumbing, the DTCC, is actively moving toward tokenized securities.

    Recorded May 4th, 2026.

    Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) 
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    Big thanks to our sponsor, Swan Bitcoin, your partner for Generational Wealth. You can get started at swan.com/kitco.

    Chapters:
    00:00 Digital Dollar Stakes
    00:31 Meet Crypto Dad
    01:41 Why Washington Shifted
    04:22 Future Proofing the Dollar
    06:49 Surveillance vs Freedom Money
    10:22 Privacy Standards for Stablecoins
    13:32 Banks vs Crypto Legislation
    16:43 Stablecoin Yield Battle
    17:32 Remittances and Micro Payments
    20:54 Why Stablecoin Giants Buy Gold
    24:37 Tokenization Goes Mainstream
    34:11 Book Trust and Wrap Up

    #DigitalDollar #CBDC #Gold #KitcoNews #Stablecoins #Crypto #Finance #Investing #MacroEconomics #Tokenization
    __________________________________________________________________

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    Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  

    Live gold price and chart: https://www.kitco.com/charts/gold
    Live silver price and chart: https://www.kitco.com/charts/silver
    Live crypto market data: https://www.kitco.com/price/crypto

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    For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    39 min
  • Gold Will Fall First, Then ‘Fly Sky High,’ Bert Dohmen Says

    Are we facing a perfect storm of illiquidity? Bert Dohmen returns to Kitco News to put his 2026 market warning to the test, revealing how institutional investors are actively distributing risk to retail investors while masking deep systemic vulnerabilities.

    Dohmen breaks down the hidden dangers inside the private credit market, explaining why major funds are freezing redemptions and getting caught in a leverage trap that will lead markets "into the abyss." He also unpacks his contrarian view on why standard economic theory regarding the Federal Reserve and inflation is backward, outlines impending global resource shocks, and details his specific timeline for when gold and silver will establish a market bottom before surging higher.

    Recorded April 27 2026

    Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
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    For more insights from Bert Dohmen, visit: https://dohmencapital.com/kitco

    Timestamps
    0:00 Intro
    0:55 2026 Warning Tested
    02:37 Distribution And Overvaluation
    05:08 Private Credit Leverage Trap
    12:57 AI Hype And Defensive Plays
    22:38 Metals Dip Then Surge
    24:29 Time Horizon Over Trading
    26:27 Know Your Portfolio
    28:19 Fed Bailouts And Inflation
    34:12 Energy Shocks And Wrap Up

    #BertDohmen #StockMarket #KitcoNews #Gold #Silver #PrivateCredit #Inflation #Commodities #MacroEconomics

    __________________________________________________________________

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    Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  

    Live gold price and chart: https://www.kitco.com/charts/gold
    Live silver price and chart: https://www.kitco.com/charts/silver
    Live crypto market data: https://www.kitco.com/price/crypto

    Learn more about Kitco News: https://www.kitco.com/news/about/ 

    For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    43 min
  • ‘Write-Downs To Zero’: The $1.8 Trillion Private Credit Warning - Danielle DiMartino Booth

    We are breaking down the latest Federal Reserve split, Jamie Dimon's private credit warning, and why the K-shaped economy is masking a hidden middle-class recession. Kitco News Anchor Jeremy Szafron sits down with Fed insider Danielle DiMartino Booth, CEO of QI Research, to expose the real data behind the Wall Street headlines.

    From the largest Fed committee dissent since 1992 to major private credit write-downs and hidden job losses in the labor market, DiMartino Booth explains why the central bank may be "too late" to the easing process. The discussion also covers commercial real estate stress, the freezing housing market, how AI is impacting temporary employment, and what Tether's $20 billion physical gold hoard signals for the U.S. dollar and global capital flows.

    Recorded May 1 2026

    What is the real inflation rate you are experiencing in your city right now? Let us know in the comments below!

    Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) 
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    Follow Danielle DiMartino Booth on X: @DiMartinoBooth (https://twitter.com/DiMartinoBooth)

    Timestamps:
    00:00 Markets Send Mixed Signals
    00:57 Fed Dissent And What It Means
    02:34 Warsch Era And Hidden Labor Data
    05:42 Bond Yields And CRE Stress
    07:12 Private Credit Cracks Widen
    10:45 K Shaped Economy Reality Check
    12:52 Consumers Tapped Out And Travel Slump
    14:07 Housing Freeze And Layoff Pressure
    15:11 Jobs Data Mirage And AI Temps
    18:25 Global Flows Gold And Final Takeaways

    #DanielleDiMartinoBooth #FederalReserve #PrivateCredit #Economy #KitcoNews #GoldMarket #Inflation #InterestRates #Investing
    __________________________________________________________________

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    Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  

    Live gold price and chart: https://www.kitco.com/charts/gold
    Live silver price and chart: https://www.kitco.com/charts/silver
    Live crypto market data: https://www.kitco.com/price/crypto

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    For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    24 min
  • The 91-Year Debasement Trade: Why $4,600 Gold is Just the Beginning - James Grant

    As the U.S. debt hits 100% of GDP and the 30-year Treasury yield nears the 5% mark, the bond market is finally forcing Washington’s hand. In this deep-dive interview, James Grant, founder of Grant’s Interest Rate Observer, joins Jeremy Szafron to discuss why the Federal Reserve now regards gold as an "existential threat" to its discretionary power.

    Grant warns that the current era of "Fiscal Dominance" means the Treasury’s interest bill is increasingly limiting what monetary policy can actually achieve. We explore the hidden "time bomb" in the $30 trillion private credit market, where stripped-away covenants and opaque "marks" have created a cycle that Grant believes must end in a "gale of fear". From the AI CapEx bubble to the 91-year debasement of the dollar, this is a masterclass in credit discipline and monetary history. 

    Recorded May 1 2026

    Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
    Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)

    Chapters:
    00:00 Inflation Meets Bonds: The 5% Warning
    00:54 Fiscal Dominance: Is the Treasury Running the Fed?
    03:29 The Private Credit Time Bomb
    04:05 Insurance Risk: Private Equity’s New Play
    07:24 The Erosion of Covenants and Opaque Marks
    10:18 LMEs: The "Extend and Pretend" Peak
    12:38 The AI CapEx Bubble: Bubble vs. Use Case
    17:02 Tech Cycles: Lessons from Railroads & Fiber Optics
    19:44 Dollar Liquidity and the Fed’s Next Trap
    24:18 The 91-Year Debasement Trade: Gold $4,500
    28:55 Silver: Industrial Demand vs. Monetary Value
    42:39 Why the Fed Hates Gold: The Hard Limit 

    #Gold #FederalReserve #DebtCrisis #JamesGrant #Investing #Macro #Inflation #Silver #Economy #Kitco 
    __________________________________________________________________

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    Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  

    Live gold price and chart: https://www.kitco.com/charts/gold
    Live silver price and chart: https://www.kitco.com/charts/silver
    Live crypto market data: https://www.kitco.com/price/crypto

    Learn more about Kitco News: https://www.kitco.com/news/about/ 

    For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    53 min
  • Why Most Portfolios Are Still Wrong on Gold | Jeff Weniger

    Jeff Weniger, Head of Equity Strategy at WisdomTree, joins Kitco News Anchor Jeremy Szafron to break down the extreme volatility in the precious metals market and explain why holding zero percent in gold is a massive portfolio risk. Weniger analyzes the lagged effect of Federal Reserve policy, noting that "Jay Powell gave a gift to precious metals" 19 months ago, and explains why that liquidity is still fueling risk assets today.

    The discussion covers the 78 percent surge in Chinese silver imports, the resilience of the consumer against $106 oil, and why the recent breakout in copper signals global economic expansion. Weniger also addresses the safe haven debate, pointing out how "Bitcoin decided to die on the vine during the two s and p selloffs" while physical gold proved its worth as a true portfolio diversifier.

    Recorded April 24 2026

    Follow Jeremy Szafron on X:@JeremySzafron ( https://x.com/JeremySzafron)
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    00:00 Metals Volatility Setup
    01:08 Silver Swings China Demand
    03:08 West vs East Metals Mindset
    03:48 Bitcoin vs Gold Diversifier
    05:09 ETF Flows Still Zero
    06:53 Fed Cuts Lagged Liquidity
    10:04 Yields Inflation Policy Path
    14:27 Gold Share Portfolio Risk
    17:48 Where Allocation Comes From
    19:52 Oil Shock Without Recession
    26:00 Dr Copper Expansion Signal
    26:41 Why Zero Metals Is Mistake
    29:58 Closing Thanks Subscribe

    #Gold #Silver #PreciousMetals #KitcoNews #Investing #Economy #FederalReserve #Bitcoin #Commodities #Macroeconomics #WealthManagement
    __________________________________________________________________

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    Listen to the PODCAST on
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    Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  

    Live gold price and chart: https://www.kitco.com/charts/gold
    Live silver price and chart: https://www.kitco.com/charts/silver
    Live crypto market data: https://www.kitco.com/price/crypto

    Learn more about Kitco News: https://www.kitco.com/news/about/ 

    For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    32 min
  • Wall Street Is Wrong About Inflation And Gold Is Heading To $7000 | Steve Hanke

    Wall Street believes the inflation problem is solved, rate cuts are imminent, and the AI productivity boom will continue to drive equities to record highs. Johns Hopkins Professor of Applied Economics Steve Hanke says they are looking at the wrong data, and investors who follow the mainstream consensus are walking into a trap.

    In this interview with Jeremy Szafron, Professor Hanke breaks down why the current market calm is an illusion. He completely dismantles the narrative that the Middle East conflict and oil prices are the primary drivers of inflation. Instead, he points to the true elephant in the room: commercial bank lending. With bank credit expanding at nearly 7 percent, Hanke warns that a resurgence of sticky inflation is already baked into the economy, regardless of what the Federal Reserve does next.

    Hanke also takes aim at the Silicon Valley tech elite and the narrative that Artificial Intelligence will trigger a massive deflationary boom. He calls the AI productivity thesis pure hype and warns that tech billionaires pushing for Universal Basic Income are actually peddling a socialist agenda to protect their massive valuations.

    For precious metals investors, Hanke delivers a definitive outlook. He explains why the recent pullback in gold and silver was simply a shakeout of weak hands, confirming that the secular bull market is fully intact. Hanke lays out his case for a 7000 gold price target and reveals his exact HALO strategy Heavy Assets Low Obsolescence for navigating the coming commodity supercycle. Finally, he issues a stark warning to dump long term bonds and completely dismisses Bitcoin as a speculative asset with zero fundamental value.

    Recorded April 23 2026

    Follow Jeremy Szafron on X:@JeremySzafron ( https://x.com/JeremySzafron)
    Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 
    Follow Steve Hanke on X: @steve_hanke (https://x.com/steve_hanke)

    Key Takeaways:
    -The Real Inflation Threat: Commercial banks produce roughly 80 percent of the broad money supply. Accelerated bank lending guarantees higher inflation.
    -The 7000 Gold Target: The secular bull market in precious metals is intact, with options markets supporting a run to a 6000 or 7000 peak.
    -The HALO Strategy: Geopolitical fears are sparking a massive run on critical materials and HALO assets, creating a new supercycle.
    -The AI Illusion: The Silicon Valley narrative that AI will save the economy from inflation is completely disconnected from monetary reality.
    -The End of Bonds: The longest bull market in history for bonds is officially dead, making long term bonds a dangerous hold.

    #Gold #Inflation #SteveHanke #Investing #Commodities
    __________________________________________________________________  

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    44 min
  • The Debt Trap: Why Gold Pumps First and Bitcoin Follows | Michael Terpin

    Global markets are navigating a high stakes tug of war today. Following an address to the nation where President Trump signaled harder strikes against Iran, reports have surfaced that Iran and Oman are drafting a protocol to monitor traffic through the Strait of Hormuz. While oil prices have retreated from their session highs, the crypto sector remains under stress, with Bitcoin trading at $66-67K dollars.

    Joining Jeremy Szafron to break down this volatility is Michael Terpin, founder and CEO of Transform Ventures and author of Bitcoin Supercycle. A digital asset pioneer since 2012, Terpin explains why he believes we are currently in the "Fall Phase" of the cycle, a period characterized by retail panic and a potential capitulation event coming this October.

    In this deep dive, Terpin reveals his price targets for the current correction, the behavior of Satoshi era whales, and why Michael Saylor is on a path to owning 2.1 million Bitcoin. We also explore the macro "debasement trade" where gold typically leads the market before Bitcoin follows, and how the convergence of AI, robotics, and crypto will fundamentally change the global economy.

    Recorded April 2 2026

    Big thanks to our sponsor, Swan Bitcoin, your partner for generational wealth. If you are looking to build a long term position, you can learn more at swan.com/kitco.

    Timestamps: 
    00:00 Market Shock Overview: Trump, Iran, and the Oman protocol. 
    00:57 Meet Michael Terpin: Intro to the founder of Transform Ventures. 
    02:05 Bitcoin Seasons Framework: Understanding fear and greed in the market cycle. 
    04:00 Buy Signals and Price Targets: Why Terpin is eyeing the 40,000 to 55,000 range. 
    05:26 ETFs and Treasury Buyers: Analysis of retail outflows and Michael Saylor’s strategy. 
    09:47 Sovereigns and Venture Sentiment: Strategic reserves and the age of the voter. 
    11:24 Supply Shock and Next Bull Run: When to expect the "Rocket Ship" summer. 
    12:50 Where Venture Is Heading: Stablecoin plays and the barbell investment strategy. 
    15:38 Midterm Crashes and Deleveraging: How the Satoshi program impacts cycle timing. 
    18:06 Quantum Computing Risk: Responding to Google’s latest AI cryptography reports. 
    19:35 Debt Cycles and CBDCs: Why the debasement trade favors gold first. 
    23:21 Stablecoins as Global Money: From liquidity tools to third world savings accounts. 
    25:09 AI Disruption and Supercycle: A preview of Pandora’s Blocks and AI agent commerce. 
    28:45 Final Advice and Wrap Up
    __________________________________________________________________

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    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    32 min
  • Permanent Inflation Is Here and the $50 Price Floor for Silver | Mark Skousen

    Gold has shown sustained strength, trading between $4,700 and $4,800 an ounce. While the metal is off its record highs, it has seen a significant recovery as investors seek a foothold in a volatile macro environment. Silver remains a standout performer, holding a 100% gain over the last year despite its recent consolidation near $75. In this Kitco News interview, Dr. Mark Skousen breaks down why he believes we have entered a permanent new price regime where silver is headed to $100 and will never trade below $50 again.

    We also dive into the breaking news regarding the Strait of Hormuz. Reports indicate Iran is effectively running a "tollbooth" through the strategic artery, with vessels allegedly paying in Yuan or cryptocurrencies for escorted passage. As a supply-side economist, Skousen explains why this shift away from the U.S. dollar signals the gradual end of the Petrodollar era.Plus, we discuss Skousen’s massive exclusive on the SpaceX confidential IPO filing. With a valuation target of $1.75 trillion, this listing could make Elon Musk the world’s first trillionaire and serve as the ultimate validation of the "Roaring 20s" productivity thesis.

    Recorded April 1 2026

    Special thanks to our sponsor, Swan Bitcoin, the real Bitcoin company, for making this coverage possible 👉 To learn more, get started at https://swan.com/kitco

    Key Topics and Timestamps:
    0:00 Gold Strength and the High-Stakes Diplomatic Gamble 
    1:11 The SpaceX IPO Scoop: A $1.75 Trillion Filing 
    3:00 The Roaring 20s: Why Elon Musk is the Center of Technology 
    5:50 Permanent Inflation: Why Real Deflation No Longer Exists 
    8:15 Silver Price Floor: Why it Won’t Go Below $50 
    12:30 The Broken Scoreboard: Why GDP Hides the Real Economy 
    14:40 The Hormuz Tollbooth: Paying in Yuan and Crypto 
    17:50 Warren Buffett on the 2% Inflation Trap 
    21:00 The End of the Gold Standard and Permanent Inflation 
    27:30 Bitcoin vs. Gold: The Role of Private Money
    31:00 Adam Smith and the System of Natural Liberty 
    35:30 Benjamin Franklin’s Maxim for Today’s Investors 
    39:45 Final Indicator: What to Watch for in the Next Quarter

    __________________________________________________________________

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    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    42 min
  • The Global Supply Chain Crisis And The Return To Resource Sovereignty: Col. Douglas Macgregor

    A "terrible storm" is approaching the US bond market as the global financial architecture begins a fundamental shift toward hard assets, according to Colonel Douglas Macgregor. With gold inching above $4,600 and silver rebounding into the mid $70s, the guest argues that the economic fallout from the conflict in the Middle East is reaching a critical tipping point. According to Macgregor, the real reason the Strait of Hormuz closed was due to insurance giants like Lloyd’s of London—not direct military force - effectively halting commercial traffic.

    In this exclusive interview, Macgregor provides a blunt assessment of what he claims is an urgent US interceptor missile shortage and explains why he believes legacy military infrastructure is obsolete in the face of modern drone warfare. According to the Colonel, a "hidden" supply chain crisis is emerging, including the threat of a global fertilizer shortage and an urgent necessity for "resource sovereignty" in rare earth refining.

    Recorded March 31 2026

    Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) 
    Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) 
    Follow Col Macgregor on X: @DougAMacgregor (https://x.com/DougAMacgregor) 

    00:00 Introduction
    00:51 Breaking Peace Signals
    01:21 Who Really Closed Hormuz
    02:31 China Peace Framework
    03:13 Famine and Water Risks
    04:53 Missile War Reality Check
    07:59 ISR Strike Game Changer
    11:08 What Victory Looks Like
    17:29 Strategic Minerals and Refineries
    29:03 Bond Market and Final Advice

    #Gold #Silver #Macroeconomics #Geopolitics #BondMarket #Petrodollar #StraitOfHormuz #KitcoNews #DouglasMacgregor
    __________________________________________________________________

    Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. 

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    Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  

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    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    Disclaimer:  
    The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

    36 min

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