Steve welcomes Terry Sawchuk, founder of Sawchuk Wealth, to break down what’s really driving the gold market and the state of the global economy in 2025.

They discuss why the popular story of a “debasement trade”, institutions fleeing fiat currency, may not be true, and how much of gold demand is actually driven by central banks, particularly China. Sawchuk also highlights that over 50% of global transactions are still settled in U.S. dollars, and the dollar’s dominance has actually increased.

Looking ahead, they explore the bull market’s resilience, the likelihood of a short-term 5–10% correction, and the global shift from a petroleum-based economy to one centered on energy and computing power, a transition linked to recent Middle East peace deals and the waning era of the Petro-Dollar.

Visit sawchukwealth.com/gruber to schedule a free 30-minute fit call