Commodity Culture Deficits, Debasement, and Big Money's Blessing - The 'Perfect Storm' for GOLD: Trey Wasser
Jan 22, 2026
Trey Wasser, CEO of Dryden Gold and an expert on precious metals, dives into the shifting landscape of the gold market. He discusses how geopolitical tensions and monetary policy changes are driving a 'perfect storm' for gold's price surge. Trey highlights the inevitable rise in demand due to de-dollarization and central bank strategies. He also shares insights on how institutional investments are increasingly favoring physical gold and what that means for mining equities. With exciting exploration plans at Dryden, the future looks promising for gold enthusiasts!
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Structural Forces Driving A New Gold Cycle
- Real and structural forces are aligning to create a secular bull market in precious metals beyond normal cyclical drivers.
- De-dollarization, deglobalization and geopolitical shifts are overriding traditional constraints on gold prices.
Why The Dollar Won't Vanish Overnight
- The U.S. dollar remains dominant because global FX liquidity is orders of magnitude larger than gold or other currencies.
- A sudden collapse of the dollar is practically impossible without collapsing global commerce, so de-dollarization will be gradual.
Basel III Rewrote Gold's Institutional Role
- Basel III elevating physical gold to a high-quality liquid asset changed institutional incentives and increased demand for allocated physical gold.
- That regulatory shift pressured paper futures positions and helped start a short squeeze and bank positioning into physical metal.