The Stability of Gold in a Turbulent Financial Landscape

Tom Bodrovics welcomes back Keith Weiner for a discussion on the growing interest in gold as a hedge against economic instability and the risks associated with fiat currencies. Weiner highlighted that while some investors are drawn to gold due to its rising price momentum, others view it as a long-term insurance against the flaws inherent in government-backed money. He explained that governments often borrow without a clear plan to repay, leading to an unsustainable debt situation. This has led individuals and countries to seek alternatives like gold, which is seen as a stable store of value unaffected by monetary policy or political whims. Weiner also touched on the concept of "zombie credit," where corporations struggle to service their debts, particularly in the face of rising interest rates. The conversation delved into the geopolitical implications of de-dollarization and how countries are increasingly recognizing the limitations of relying solely on the US dollar for trade and reserves. Despite efforts by governments to create alternative currencies or payment systems, Weiner argued that these initiatives often fail due to a lack of trust and cohesion among nations. Additionally, Weiner discussed the impact of tariffs on global trade and their effect on debt servicing, noting how such policies can exacerbate financial instability. He also explored the differences between gold and silver markets, emphasizing that gold is more attractive to institutional investors as it offers a hedge against broader economic risks without the same level of volatility or storage challenges. Throughout the interview, Weiner emphasized the fundamental drivers behind gold's rise, including the decline in confidence in fiat currencies, the increasing debt levels globally, and the search for safe-haven assets. He concluded by noting that while gold faces short-term corrections, its long-term bullish trajectory remains intact due to ongoing structural economic issues and the relentless demand from both individual and institutional investors seeking stability amidst uncertainty. In summary, the interview underscored the role of gold as a critical hedge against an increasingly unstable financial landscape, driven by flawed monetary policies, geopolitical tensions, and the search for safe-haven assets. Talking Points From This Episode0:00 - Introduction0:38 - 2025 Gold Outlook7:25 - The Dollar Vs. Gold13:20 - Fiscal Responsibility19:46 - Dollar System & Debt25:58 - Usefulness of Tariffs?30:25 - Fed & Inflation Fight35:49 - Rates & Defaults39:18 - Perfect Storm for Gold?40:54 - Gold Vs. Silver Demand45:00 - Metal Demand & London51:20 - Gold Spreads & Traders53:42 - Gold Bull Outlook56:14 - Wrap Up Guest Links:Twitter: https://x.com/RealKeithWeinerWebsite: https://monetary-metals.comWebsite: https://goldstandardinstitute.netFacebook: https://www.facebook.com/keith.weiner.5 Keith Weiner is the founder and CEO of Monetary Metals, an investment firm that is unlocking the productivity of gold. Most people regard gold as a dry asset, to lock away in a vault, incurring storage fees. Many are waiting for it to rise in price. Keith and Monetary Metals are on a mission to change this. Gold should once again serve to finance productive enterprises and extinguish debts. The dollar performs one of these functions, but not the other. Bitcoin cannot finance anything, as no business can borrow a currency that’s expected to go up a hundred times. Gold is the one thing that fills both roles, par excellence. Keith writes and speaks extensively, based on his unique views of gold, the dollar, credit, the bond market, and interest rates. When he is not working on the business, he is developing his theory of monetary science, and an arbitrage theory of economics. Keith also serves as founder and President of the Gold Standard Institute USA. His work was instrumental in the passing of gold legal tender laws in the state of Arizona in ...