Armies Of Investment Managers About To Rush Gold | Clive Thompson
Armies Of Investment Managers About To Rush Gold | Clive Thompson
Liberty and Finance: 20-8-2025
Gold and silver markets are surging, with gold nearing $4,000 and silver pushing $50, driven by global unease over political instability, the U.S. government shutdown, and recession fears.
Clive Thompson says investors are losing faith in holding cash and rushing into tangible assets, while institutional portfolios still hold less than 1% gold on average, leaving room for a major revaluation if allocations rise even modestly.
He views short-term froth as normal within a powerful, long-term bull market. Thompson warns the U.S. shutdown is forcing the Fed to “fly blind” without economic data and slowing growth amid layoffs and AI-driven job losses.
He expects the Fed to resume money printing to cap long-term rates, triggering renewed inflation and pushing gold even higher.
He argues government debt is compounding faster than GDP and predicts an eventual gold revaluation, potentially near $15,000 per ounce, as the only way to restore fiscal solvency.
Ultimately, he sees the “crack-up boom” described by von Mises unfolding, where all real assets rise together as confidence in fiat currencies erodes.
Gold, he says, remains the anchor of real value as dollars, euros, and other currencies continue to lose purchasing power in “real money” terms.
INTERVIEW TIMELINE:
0:00 Intro
1:47 Gold market
8:47 Government shutdown
24:35 Gold revaluation
30:00 Dollar devaluation
35:30 Last thoughts