The Julia La Roche Show #307 Brian Hirschmann: Gold to Double From Here In Next Crisis, Most Dangerous Time in Financial History
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Nov 18, 2025 Value investor Brian Hirschmann, managing partner of Hirschmann Capital, shares his insights on the precarious state of today's financial landscape, highlighting three massive bubbles in equities, real estate, and bonds. He predicts that gold could soar beyond $8,000 as the next crisis unfolds and emphasizes the exceptional opportunities in gold mining developers. Hirschmann also discusses the implications of government debt, suggesting we’re at a breaking point, and critiques Bitcoin’s viability as a fiat alternative.
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Three Concurrent Mega-Bubbles
- The U.S. faces three simultaneous mega-bubbles in equities, housing, and bonds that are larger than before.
- Brian Hirschmann warns these concurrent bubbles raise the probability of a sudden, severe global crisis.
Bailouts May No Longer Work
- Fiscal limits mean future bailouts may be impossible and could trigger a government debt doom loop.
- Hirschmann argues bailouts and QE during a debt default-by-inflation make investors even more worried and worsen inflation.
120% Debt/GDP Is Historically Dangerous
- U.S. debt-to-GDP near 120% historically correlates with sovereign default in most cases.
- Hirschmann uses this history to argue Treasury bonds have grim prospects while gold benefits.