Doomberg: Gold Revaluation, Why The EU ‘Must Dismantle’ & Energy Wars

Nov 19, 2025

Doomberg, a sharp geopolitical and financial analyst known for his insights on energy and commodities, discusses pressing global issues. He views gold as a critical reserve asset amidst declining trust in Western financial systems. Doomberg argues that the EU faces dismantling due to energy challenges and ties this potential breakdown to the Ukraine conflict. He also challenges peak oil narratives, asserting that abundant hydrocarbons and technological advances will keep oil prices stable. His contrasting perspectives on US energy potential and global trade dynamics provide a compelling outlook.

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INSIGHT

Gold's Return As A Neutral Reserve

Gold is reasserting itself as a neutral reserve asset as trust in Western financial instruments erodes due to sanctions and freezes.
Doomberg sees gold as a savings vehicle, not an investment, and expects continued demand as countries avoid dollar-based risks.

ADVICE

Hold Gold As Fiscal Insurance

Consider holding gold as insurance against a potential U.S. fiscal revaluation or reset that could dramatically reprice gold.
Doomberg kept an uncomfortably large gold position to avoid missing a potential remonetization move.

INSIGHT

Debasement Over Hard Default

The U.S. faces a fiscal squeeze that will likely be addressed by debasement rather than hard default, making equities and debt hedges attractive.
Doomberg argues money printing and inflationary outcomes are the most probable resolution to unsustainable debt loads.

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Stijn Schmitz welcomes Doomberg to the show. Doomberg is Head Writer For The Doomberg Team and Creator of the Doomberg Substack. In this wide-ranging interview, Doomberg offers unique perspectives on global geopolitics, energy markets, and financial trends. Regarding gold, Doomberg views it as a savings vehicle and neutral reserve asset, arguing that its recent price appreciation reflects the declining neutrality of Western financial instruments. The team believes gold is reasserting itself as a critical settlement mechanism in international trade, especially as countries become wary of US dollar-based systems. On energy markets, Doomberg challenges conventional peak oil narratives, asserting that hydrocarbons are plentiful and technological advances continue to make extraction more efficient. They predict a long-term equilibrium oil price around $55 per barrel, driven by natural gas arbitrage opportunities. The United States, in their view, has enormous energy potential that could drive significant economic growth if political challenges are addressed. Geopolitically, Doomberg anticipates significant structural changes, particularly in the European Union. They argue the EU will likely dismantle due to fundamental energy challenges, especially Germany's dismantling of its nuclear power sector and loss of cheap Russian gas. The team sees the ongoing conflict in Ukraine as a potential catalyst for this potential EU breakdown. The interview also touched on potential conflicts in Venezuela and the Middle East, with Doomberg offering nuanced perspectives on resource-driven geopolitical strategies. They consistently emphasize that energy and resources underpin most global political and economic dynamics. Throughout the discussion, Doomberg highlights the importance of looking beyond mainstream narratives and propaganda, advocating for a more analytical approach to understanding global trends. They stress the need to examine data critically and develop robust mental models for interpreting complex geopolitical and economic phenomena.