Silver retreating after hitting an all-time high yesterday. Gold is just below record levels. And the clear breakout today, it's platinum, which my next guest is arguably the strongest commodity in the precious metals complex.Joining us now is Jeff Curry, the chief strategy officer at of energy pathways at Carile Group. Jeff, it's so great to see you. Welcome.>> Hey, Kelly. Great to see you as well. You know, I still thought you had the best encapsulation of what was going on in CO when you said there were ...

🚨 ALERT: Google searches for dollar "debasement" hit an all-time high this quarter as public interest in currency depreciation explodes.Bitcoin, anyone? 👀 https://t.co/QYP27BlmSD ...

Market Trends & Geopolitical Shifts - Sovereign nations currently favor gold as a safe-haven asset, while individual investors prefer Bitcoin due to its volatility and self-custody features [1] - BitMEX anticipates Bitcoin potentially aligning with gold in the long term regarding the dollar debasement narrative [1] - The shift towards Yuan-settled oil trades between Saudi Arabia and China represents a geopolitical change that could weaken the U S dollar's dominance [1] Bitcoin & Gold Performance - Sovereign buying will differentiate the short-term performance of Bitcoin and gold [1] - The weakening of the U S dollar's hegemony could support Bitcoin's long-term value [1]

Gold Market Analysis - Gold is seen as a viable alternative to the dollar, especially with the acceleration of de-dollarization driven by sanctions and concerns about US fiscal policy [2] - Mainstream investors are starting to participate in the gold market, with major Wall Street banks recommending gold exposure in portfolios [2] - Central banks are expected to continue buying gold, competing with private investors and driving prices higher [4] - The dollar is expected to lose value, with the Federal Reserve cutting interest rates into rising inflation, further driving demand for gold [4] - China's central bank is divesting from US dollars and treasuries, replacing them with gold reserves to establish an independent monetary system [4] - The debasement trade narrative is taking hold as people recognize the flawed nature of CPI and seek assets that retain value [4][5] - Gold investors have outperformed US stock market investors, especially when pricing stocks in gold [3][4] Bitcoin vs Gold - Bitcoin is considered a risk asset correlated with the NASDAQ, while gold is seen as a safe haven store of value [8] - There is a risk of money flowing out of Bitcoin ETFs back into gold ETFs and gold stocks [1][8] - Bitcoin treasury companies may face downside risk and potential liquidation of their Bitcoin holdings [9] US Economic Policy - The Trump administration receives a failing grade (F) on economic policy due to massive government spending and deficits [13] - Tariffs are viewed as taxes that make American industry less competitive [14][15] - The speaker advocates for balanced budgets, debt restructuring, and deregulation to address fundamental economic problems [21][22][25]

Market Trends - The cryptocurrency is seen as a refuge from the debasement of the dollar, attracting investors [1] Risk Assessment - A network attack poses an existential threat to Bitcoin since its inception, which is being ignored [1]

Core Viewpoint - Arthur Hayes predicts that a second term for Donald Trump could lead to significant changes in US monetary policy, which he believes would favor Bitcoin as a result of these shifts [1][6]. Group 1: Federal Reserve Control - Hayes argues that a new administration would seek to exert direct control over the Federal Reserve to re-industrialize the economy and manage national debt by influencing its leadership [2]. - He suggests that this control could be achieved by early 2026 through strategic appointments and potential resignations, creating a dominant voting bloc on the Federal Open Market Committee (FOMC) [3]. Group 2: Economic Policy and Yield Curve Control - The ultimate goal of this strategy is to implement Yield Curve Control, which would involve capping interest rates to finance economic initiatives, similar to strategies used during World War II [4]. - This policy would focus on incentivizing lending to small and medium enterprises (SMEs), which represent nearly half of US employment [4]. Group 3: Credit Expansion and Bitcoin Valuation - Hayes contrasts this proposed economic strategy with post-2008 quantitative easing, labeling it "QE 4 Poor People" for its focus on benefiting "Main Street" rather than large corporations [5]. - The strategy may require a massive credit expansion, potentially exceeding $15 trillion by 2028, which could lead to significant dollar debasement and drive investors towards hard assets like Bitcoin [5]. - Based on credit growth models during the pandemic, Hayes speculates a Bitcoin price of $3.4 million by 2028, emphasizing confidence in the asset's overall direction despite the speculative nature of the figure [6].