David Rosenberg: Gold to $6,000 & Why the U.S. Dollar Is Losing Its Power | Part II

Jun 9, 2025

David Rosenberg, an esteemed economist and president of Rosenberg Research, teams up with Jonathan Wellum, CEO of Rocklinc Investment Partners, to discuss bold predictions for the financial future. Rosenberg asserts that gold could soar to $6,000 as the U.S. dollar falters and central banks turn to gold. They delve into the mispricing of Treasuries versus stocks, the implications of rising U.S. debt, and the shift towards global investments in Europe and Asia. Together, they emphasize the necessity for investors to rethink strategies amidst evolving economic landscapes.

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INSIGHT

Bonds Over Stocks Valuation

The equity risk premium shows stocks are overvalued compared to bonds, resembling 2007 conditions.
Bonds, especially Treasuries, present an attractive asymmetric risk/reward despite refinancing concerns.

ADVICE

Defensive and Global Diversification

Favor defensive stocks like utilities, consumer staples, healthcare, and retailers such as Walmart.
Diversify globally, especially exposure to Europe and Asia where central banks are cutting rates and valuations look attractive.

INSIGHT

Potential End of US Dollar Reserve

The US may be nearing the end of its reserve currency status due to trade deficits and retaliatory tariffs.
This uncertainty could trigger a global monetary reset similar to Nixon’s exit from the gold standard.

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David Rosenberg returns with his most powerful calls yet. In Part II, Rosenberg explains why he believes gold will hit $6,000 this cycle, the U.S. dollar is entering a bear market, and Treasury bonds offer asymmetric upside in today’s fragile financial system.

Rosenberg lists his top conviction trades: gold, Treasuries, defensive stocks, and global diversification, especially in Europe and Asia. He also warns that America’s reserve currency status may not last, as central banks worldwide increasingly turn to gold.

In a special addendum, Rocklinc’s CEO, Jonathan Wellum, breaks down Rosenberg’s thesis and reinforces why investors must prepare for a world where the U.S. can no longer spend without consequences.

Key Topics:

• Gold to $6,000? Why Rosenberg is all-in

• Treasuries vs. stocks: Which is mispriced?

• The death of TINA (There Is No Alternative)

• U.S. debt, deficits, and dollar devaluation

• Why central banks are loading up on gold

• Global investment opportunities in Europe & Asia

If you missed part I of this interview, watch it here: https://youtu.be/_9kou-94zow

Volatility got you concerned? Get a free portfolio review with Rocklinc’s Jonathan Wellum at https://bit.ly/45PY6KT

Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH

Chapters:

0:23 - Why David Rosenberg Is Ditching Stocks for Bonds

6:41 - The Safe Haven Strategy: Where to Hide (and Grow) Your Money

16:59 - A Global Monetary Reset? The Case for $6,000 Gold

28:43 - Jonathan Wellum: First Impressions On Rosenberg’s Bold Outlook

32:31 - From Emergency to Everyday: The New Normal in Government Spending

35:09 - Gold to $6,000 - Is Rosenberg right?

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