'We’re sleeping walking into a gold-backed world order' warns Ex-McKinsey
'We’re sleeping walking into a gold-backed world order' warns Ex-McKinsey
Daniela Cambone: 7-18-2025
“If I wanted to destroy the U.S. dollar, I couldn’t do a better job than what this government is doing,” says Ken Hoffman, head of commodity strategy at Red Cloud and former global metals expert at McKinsey and Bloomberg Intelligence.
Speaking with Daniela Cambone, Hoffman highlights how de-dollarization and central bank gold buying are driving gold toward new highs.
“Midterm $5,000 an ounce is a fairly easy target, but $10,000 plus... the world is almost returning to a gold standard in some ways.”
On copper, Hoffman points to a lack of coherent U.S. strategy, which is contributing to the dollar’s decline and causing market instability.
Is the world quietly moving back toward a gold standard?
Watch Ken Hoffman break it down.
Chapters:
00:00 – Where gold and the U.S. dollar stand now
06:16 – When will gold hit $10,000?
07:24 – Why gold is being stored in Singapore
09:52 – Central banks’ plan with gold
11:24 – The BRICS shift away from the dollar
13:24 – Is a gold-backed currency coming?
14:39 – Silver's role
16:02 – Copper market is going wild