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Is the paper gold market finally breaking? Frank Giustra, CEO of the Fiore Group, joins Anchor Jeremy Szafron to break down the recent market volatility, calling the flash crash a calculated "take down" and a "liquidity event." Giustra argues that after 50 years of dominance, the paper market is "losing its efficacy" as pricing power shifts to physical delivery in Asia.

In this deep dive, Giustra warns that the US is living on "borrowed time" as the national debt spirals, predicting that the "end of the time of fiat" is inevitable. He analyzes the White House's new "Project Vault," declares that "globalization is as dead as the dodo bird," and questions the "mystery" of Fort Knox—asking why the US refuses to audit its reserves while China covertly accumulates bullion. Plus, Giustra issues a stark warning on Bitcoin, stating it is "running out of buyers" and facing a "great unraveling."

Recorded on February 3, 2026

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Timestamps: 
00:00 Introduction and Market Overview 
01:23 Flash Crash Analysis: Was it a "Take Down"? 
03:57 Paper Gold vs. Physical Gold: The Shift in Power 
07:03 Government Initiatives: Project Vault & Global Competition 
12:15 US Debt: Living on "Borrowed Time" 
18:02 Global Gold Accumulation: Who is Buying? 
20:54 China's Gold Strategy: A "Sanctions-Free" Trade Channel 
23:39 The Future of Digital Currencies & CBDCs 
25:33 Synthetic Foreign Demand for US Debt 
25:53 The Growing US Deficit and Interest Rates 
27:31 Stablecoins and Dollar Dominance 
28:04 Concerns Over State Surveillance 
29:20 The Mystery of Fort Knox: "Something Fishy" 
33:15 The Volatile Mining Market: "Early Days" 
37:15 The Risks of Bitcoin: "Running Out of Buyers" 
42:13 The Future of Gold and Copper 
47:07 Conclusion and Final Thoughts

Guest Bio: Frank Giustra is the CEO of the Fiore Group, a private firm managing a broad portfolio of private equity investments and companies, specializing in food and lifestyle, art and entertainment, and natural resources. He is a renowned philanthropist and a long-time expert in the mining and finance sectors.

#Gold #Silver #FrankGiustra #Economy #Investing #Bitcoin #Mining #China #USDebt #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.

Gold has surged past $5,000 and silver is extending its move beyond $100, but Matthew Piepenburg says the real story is not metal prices. It is the accelerating breakdown of trust across global bond and currency markets.

Speaking with Kitco News at VRIC 2026 in Vancouver, Piepenburg, Partner at Von Greyerz, points to rising yields in Japan, the US, and Europe as a clear warning sign. “The bond market is the thing you have to understand,” he said. “Yields are the cost of debt.” When yields rise even as central banks step in, Piepenburg argues it shows sovereign IOUs are being repriced and the so-called risk-free asset has become “return-free risk.”

Piepenburg says gold’s move is not speculative excess, but the logical outcome of decades of debt expansion and deliberate currency debasement. “What should shock you is how bad fiat money has gotten,” he said. As governments rely on negative real rates to manage debt, Piepenburg argues gold is being repositioned by central banks as a neutral settlement asset in global trade, not something you spend, but something you trust when paper systems falter.

Recorded January 25, 2026.

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Special thanks to our sponsor, Discovery Silver. Visit https://discoverysilver.com/ to learn more about the company, its latest news, and investor materials.

00:13 – Market Volatility, Rising Yields, and Central Bank Stress
01:12 – Japanese Yen Surge and Global Bond Market Dysfunction
03:48 – Trust Breakdown in Sovereign Debt and Fiat Currencies
06:53 – Debt, Politics, and the Limits of Monetary Policy
13:30 – Gold as a Global Settlement and Collateral Asset
16:17 – The US Dollar’s Role in Global Trade and Reserve Systems
18:15 – COMEX, Paper Markets, and Physical Supply Constraints
19:31 – Gold and Silver Price Moves as Warning Signals
21:03 – Historical Parallels in Currency and Debt Crises
23:32 – East vs West Markets and Global Price Discovery
28:15 – Measuring Trust in Modern Financial Systems
32:21 – Wealth Preservation vs Speculation in Volatile Markets
34:28 – Final Thoughts on Gold, Trust, and Systemic Risk

#Gold #Silver #PreciousMetals #BondMarket #CurrencyCrisis #CentralBanks #DebtCrisis #GoldAsMoney #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.

Silver has crossed $100, and longtime mining executive Phil Baker says the move signals a structural break in the market.

Speaking with Kitco News anchor Jeremy Szafron at VRIC 2026 in Vancouver, Baker, former CEO of Hecla Mining and former chairman of the Silver Institute, said the surge is being driven by physical demand, not speculation. “Physical is king,” Baker said, as exchanges, manufacturers, governments, and investors prioritize inventory and access to real metal over paper claims.

Baker said global silver production peaked in 2016 and is unlikely to exceed that level before at least 2030, leaving supply unable to respond quickly to higher prices. Recycling and substitution offer limited relief, he said, due to refining constraints and long mine development timelines. Baker also pointed to rising strategic demand, noting that silver is now classified as a critical mineral in the United States and that stockpiling is becoming a priority across the system- he confirmed joining the board of Dateline Resources.

Recorded January 25, 2026.

Special thanks to our sponsor, Discovery Silver. Visit https://discoverysilver.com/ to learn more about the company, its latest news, and investor materials.

#Silver #Gold #PreciousMetals #Mining #SilverPrice #PhysicalSilver #Commodities #Inflation #CriticalMinerals #StrategicMetals #KitcoNews #VRIC2026

00:42 - Phil Baker on $100 Silver and Physical Supply
02:20 - Physical Silver Demand, Inventory Stress, and “Physical Is King”
05:55 - Industrial Silver Demand, Substitution Limits, and Recycling Constraints
08:50 - Silver Miners, Margins, and Investment Opportunities at Triple-Digit Prices
14:06 - Peak Silver Until 2030 and the Long-Term Outlook for Supply


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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.

Wheaton Precious Metals is trading at record highs, and CEO Randy Smallwood says the company is positioned to extend that performance as rising costs pressure traditional miners.

Speaking with Kitco News anchor Jeremy Szafron at VRIC 2026 in Vancouver, Smallwood explains why the streaming model is designed to outperform in a high-price environment. “We take the cost risk outta the investment,” he said, noting that fixed streaming contracts protect Wheaton from inflation and dilution as operators are forced to mine lower-grade material and issue equity to fund growth.

Smallwood also discusses Wheaton’s newly secured Helo gold stream, calling the asset “a Canadian legend,” and explains why streaming pays full net asset value while preserving shareholder upside. Looking ahead, he says Wheaton expects more than $3 billion in cash flow in 2026, giving the company flexibility to fund new gold, silver, and copper streams as development activity accelerates. He adds that gold is no longer trading like a commodity. “It’s really a currency,” Smallwood said, pointing to sustained central bank demand reshaping the market.
Recorded January 25, 2026.

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Special thanks to our sponsor, Discovery Silver. Visit https://discoverysilver.com/ to learn more about the company, its latest news, and investor materials.

00:07 - Wheaton at Record Highs as Streaming Outperforms Miners
00:48 - Randy Smallwood on Wheaton’s Strategy and Market Position
01:55 - Why Streaming Removes Cost Risk in a High-Price Market
03:27 - Inside the Helo Gold Stream and Wheaton’s Partner Model
07:56 - Sustainability, Jurisdictional Risk, and Deal Discipline
10:05 - Gold as Currency, Silver as Critical, and the 2026 Outlook
22:25 - Growth, Cash Flow, and Capital Deployment
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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.

Is the era of the "Rule of Law" over? Analyst Lynette Zang  @TheLynetteZang   warns that the world has shifted to a "Rule of Might" following the US seizure of Venezuelan oil and Russian vessels. In this critical 2026 outlook, Zang joins anchor Jeremy Szafron to break down why the banking system is "all underwater," why a "full bail-in" is the next logical step, and the specific "Italian Blueprint" that signals gold confiscation is back on the table.

Zang also reveals the "fundamental math" that she argues puts the true value of gold at $40,000 and silver at $2,000. Is the current market pullback a buying opportunity or a warning? Are we entering a "melt-up" phase before the currency reset? And how can investors protect themselves when property rights are eroding?

Recorded January 7 2025.

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This video is sponsored by Discovery Silver. Combining high-quality gold-producing assets in Canada with the world’s largest undeveloped silver deposits in Mexico. Find out more at: (https://discoverysilver.com)

00:00 Introduction and Market Overview 
00:57 Interview with Lynette Zang: Rule of Might 
02:52 Debt Spiral and Banking System Risks 
04:04 Bail-in Scenarios and Public Confidence 
08:22 Gold and Silver Market Dynamics 
24:58 Global Central Banks and Future Predictions
26:15 Outlook for 2026: Recession, Stagflation, or Boom? 
26:27 Impact of Global Events on Oil and Smart Contracts 
27:20 Gold and Silver Market Predictions
28:22 The Importance of Holding Physical Assets 
30:34 Currency Lifecycle and Economic Shifts 
35:47 Real Estate and Property Taxes 
38:19 Global Geopolitical Tensions and Resource Control 
47:58 The Future of Gold in the Monetary System

#Gold #Silver #LynetteZang #JeremySzafron #KitcoNews #BankingCrisis #Economy #2026Outlook #Recession #Money #Investing #Venezuela #Geopolitics
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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.

As the Bloomberg Commodity Index rebalancing kicks off a 5-day "mechanical shakeout" in the markets, Silver is under pressure while Gold refuses to break structure. Is this the start of a deep correction, or a massive trap for short sellers?

In this technical analysis deep dive, Gary Wagner of TheGoldForecast.com joins Jeremy Saffron to separate the noise from the trend. Wagner argues that despite the volatility, we have not seen a "true" technical correction (23%+) in months. He breaks down why the current price action is just a "tiny dip" in a supersonic bull market and issues a stark warning to traders betting against the trend: shorting here is like "standing on a train track with a train barreling down at 80mph."

Gary maps out the critical support levels that must hold this week—specifically the "line in the sand" for Silver at $71—and explains why hitting $5,000 Gold in 2026 is now a "walk in the park."

Recorded January 8 2025

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00:00 Intro & Market Programming Note 
01:11 Gary Wagner Interview: The Grounded Playbook 
01:36 The 5-Day Rebalancing Shakeout
01:47 Is Silver Crashing? Correction Analysis 
02:07 Gold Price Strength & "Anchor" Levels
02:47 Technical Analysis: Gold & Silver Charts 
03:33 "Buy The Dip" Strategy & Market Sentiment 
09:45 Geopolitics & Global Economic Risks 
11:03 Gold Price Forecast & Stability (2026 Targets) 
18:00 Why Central Banks Are Buying Gold 
18:50 Bull Market Sentiment & Risk Management 
20:00 Conclusion & Next Week's Coverage

#Silver #Gold #TechnicalAnalysis #GaryWagner #KitcoNews #SilverPrice #GoldChart #Commodities #Investing #Economy #GoldPricePrediction

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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.

Bitcoin is flashing a critical signal that historically hits 97% of the time - but is the macro environment about to invalidate it? Kyle Chassé  @KyleChasseCrypto   joins Jeremy Szafron, Anchor of Kitco News, to break down the collision between the crypto markets and the broader economic landscape.

In this interview, Chassé analyzes the immediate market reaction to the latest Presidential speech and the looming uncertainty stemming from the Supreme Court and Federal Reserve. The conversation explores the "Clarity Act," the reality of institutional positioning, and why Bitcoin is facing specific resistance levels despite the bullish narrative surrounding Trump's economic policies. Chassé also weighs in on the intensified Gold vs. Bitcoin debate, provides his outlook on copper and industrial metals, and offers a candid look at the high-risk potential in the current altcoin market.

Recorded on: January 21, 2026

Timestamps: 
00:00 Introduction and Market Overview  
01:31 Market Reactions to Presidential Speech 
01:56 Bitcoin's Long-Term Outlook 
03:07 Impact of Quantitative Tightening 
04:51 Clarity Act and Institutional Interest 
06:05 Trump's Economic Policies 
14:07 Institutional Positioning and Bitcoin Resistance 
17:23 Gold vs. Bitcoin Debate 
19:14 Copper and Other Metals 
22:27 Altcoins and High-Risk Investments 
28:57 Final Thoughts and Advice

#Bitcoin #Gold #Crypto #Fed #Economy #Investing #KitcoNews #KyleChasse #JeremySzafron
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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.

Ray Dalio warns the monetary order is breaking down, and Dr. Mark Thornton says the fiat system is now in the "Intensive Care Unit." In this interview, Kitco News anchor Jeremy Szafron sits down with Dr. Mark Thornton, Senior Fellow at the Mises Institute, to break down why central banks are fleeing Treasuries for physical gold and what the "Skyscraper Curse" signals for a 2026 crash.

They discuss the massive 150-ton gold purchase by Poland, a strategic move by a NATO ally that signals a loss of trust in the debt-based system. Dr. Thornton also exposes a critical, under-reported crisis in the silver market: supply is "inelastic" and "wasted" on war and solar panels, meaning the market cannot physically respond to price spikes. With Japanese bond yields spiking and the "Jeddah Tower" restarting construction, the signals for a major economic pivot are flashing red.

Recorded: January 20 2026

IN THIS EPISODE:
-The "Fiat ICU" Thesis: Why the dollar system is on life support and what replaces it.
-The Silver Supply Crisis: Why a recession will actually cut silver supply due to the "byproduct paradox" (70% of silver comes from base metal mines).
-The Poland Signal: What it means when a frontline NATO nation dumps bonds for 150 tons of physical gold.
-The Skyscraper Curse: How the restart of the world's tallest tower in Saudi Arabia predicts an economic crisis in 2026.
-Stocks vs. Manure: Mark Thornton’s shocking bet that fertilizer will outperform the S&P 500 this year.

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
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#Silver #Gold #Economy #KitcoNews #Investing #MarkThornton #Recession #Japan #RayDalio
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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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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.

With Silver breaking the $80 level and Copper testing $6, the commodity markets are signaling a structural shift that defies standard economic models. Jeremy Szafron, Anchor of Kitco News, sits down with Axel Merk, President of Merk Investments, to discuss why the post-WWII economic order has officially collapsed and has been replaced by a volatile new era of "State Activism."

Merk argues that traditional market signals—like yield curves and P/E ratios—are failing because global asset prices are now driven by raw power dynamics rather than free-market efficiency. In this deep dive, we explore why the global trade architecture is fracturing and how "national security" priorities are creating a permanent floor for inflation, forcing capital into neutral reserve assets that carry no counterparty risk.

The discussion also issues a critical warning for investors regarding the mining sector. Despite record commodity prices, Merk explains why the "miner trade" may become a value trap in 2026. We analyze the growing divergence between physical metal markets and mining equities, looking at how rising input costs, windfall taxes, and jurisdictional risks in places like Venezuela and Europe are decoupling stock performance from the underlying spot prices.

Recorded on January 6, 2026

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Follow Axel Merk on X: @AxelMerk (https://twitter.com/AxelMerk)

00:00 Introduction and Market Overview 
01:13 Guest Introduction: Axel Merk 
01:42 The New Era: Power Dynamics and Market Implications 
03:14 Global Commerce and Precious Metals 
04:53 Policy Uncertainty and Economic Impact 
07:52 Venezuela: Investment Risks and Opportunities 
10:49 State Activism and Market Reactions 
18:55 Commodity Markets: Copper and Gold Insights 
24:27 Government's Role in Gold Prices 
24:47 Economic Adjustments and Society's Response 
25:58 Market Rules and Volatility 
30:08 European Economic Outlook
 32:18 US Dollar and Global Reserve Currency 
34:38 Precious Metals and Central Banks 
41:01 Mining Companies and Investment Strategies 
47:38 Investment Advice and Final Thoughts

#Economy #Markets #Gold #Copper #Investing #KitcoNews #JeremySzafron #AxelMerk #Geopolitics

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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.

Josh Phair, CEO of Scottsdale Mint, joins Jeremy Szafron on Kitco News to warn that the world has entered a "Metals War" where nations are scrambling to secure resources for future conflicts. Phair argues that a "Hidden Hand"—governments employing banks to conduct mercantile banking—is quietly accumulating gold and silver, fundamentally decoupling the physical market from the Fed’s interest rate policies.

He details why US banks flipped from net short to net long after Thanksgiving, the "desperate" arbitrage that saw jets flying silver across the Atlantic, and the reality of China’s new export licensing system. Phair also breaks down his "Axis vs. Allies" thesis for resource control and updates the "Phair-Sinclair Ratio," predicting a path to $35,000 gold as the West faces a critical shortage of strategic minerals.

Recorded December 30 2025.

https://youtu.be/sXTf9DhtsEQ?si=__AOyOzDFyUaf99h

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.