Luke Gromen makes the case that “debasement” isn’t a trade, it’s the new regime.

We unpack why assets look strong in dollars yet stagnate in gold/Bitcoin terms, the global reserves shift back toward gold, how a U.S. gold reprice to $10k–$20k could fund a balance-sheet reset, the risks of “paper gold,” Bitcoin’s potential catch-up (and a possible East=gold, West=BTC split), AI as an accelerant, and a pragmatic portfolio framework for navigating a 100-year reset.

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TIMESTAMPS

0:00 Intro

4:15 How Long is The Trade?

11:23 Gold vs Treasury Reserves

19:34 Gold All Time Highs

23:17 Gold Buying Pressure

29:08 Back to The Gold Standard?

37:37 The Transition

43:10 Central Bank Gold Accumulation

49:20 Gold Demonetization

57:00 Types of Gold

1:05:17 Gold vs Bitcoin

1:10:06 The Future of Bitcoin

1:16:19 4-Year Cycles

1:19:02 Tokenized Gold

1:24:19 100 Year Reset Portfolio

1:28:25 Closing & Disclaimers

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RESOURCES

Luke Gromen

https://x.com/LukeGromen

"The Debasement Trade"
https://x.com/LukeGromen/status/1974184554782220583

FFTT, LLC

https://fftt-llc.com/

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Parashat Pinchas: Sharing the Message