Gold and silver are commanding attention, but Dr. Nomi Prins says the more important shift underway is structural, not cyclical. Rising debt stress, institutional friction, and supply constraints, she argues, are reshaping how capital moves through the global financial system.
Speaking with Kitco News at VRIC 2026, the geo-macro economist and Prinsights Global founder said, “we are really in the beginning of a major super cycle in commodities,” driven not only by uncertainty but by shortages that “you can’t just snap your fingers and have them go away.” She said metals such as silver, copper, and platinum face long development timelines that limit how quickly supply can respond.
Prins also pointed to central banks reducing reliance on sovereign debt and prioritizing gold, while banks and institutions increase exposure to physically backed markets. During periods of political and financial stress, she said capital moves toward assets that cannot be diluted or controlled, noting that “the physical market is actually taking over the paper market.” While volatility remains part of the cycle, Prins said the forces supporting hard assets and select miners remain firmly in place.
Recorded January 26, 2026.
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00:39 – Gold and Silver Market Dynamics
02:55 – Institutional Friction, Lawsuits, and Market Uncertainty
05:13 – Central Banks, Sovereign Funds, and Hard Asset Rotation
08:47 – Mining Supply Constraints and Sector Insights
11:04 – Forecasts, Volatility, and Investment Strategy
14:07 – Government Involvement and Strategic Commodities
16:42 – Energy, Oil, and Other Commodity Outlooks
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#Gold #Silver #Commodities #HardAssets #MiningStocks #SupplyConstraints #CentralBanks #Debt #MonetaryPolicy #NomiPrins #VRIC2026 #KitcoNews
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23 Comments
We GOLD you so…
Undoubtedly the momentum of PM's rebound backs up the case for manipulation, specially in silver. I keep looking for confirmation of this audit numbers and even the audit itself. Only AIBS clips mentions it but no renowned institution mentions it at all.
She's smart…she knows
It might be taking over , but it will crash it just as fast , as can bee seen lately… be careful who you listen tooo
Joooooooooooo
Raise your hands if you started buying gold on 9/12 😂.
Also a lotta gems in this episode! Thanks for the outstanding coverage!
Great interview. 👍
I heard JP Morgan was short on silver and required kind of bailout from the fed to buy back physical silver …
Fascinating to hear her speak so clearly, and able to back it up – amazed to hear her say she's all in on the hard assets and miners, closing her S&P500 position. That is not messing about!
I've been gradually rebalancing towards hard assets, but now might be the time to make it less gradual!
Basel 3 regs consider physical gold as a 100% asset. ETF or paper metals are punished by a valuation of 85%. Thus all central banks are exiting paper this year, also leasing of metals is discounted to 0%
Why no mention of Basel 3 Endgame requirements to force banks to hold physical gold not ETF's ?
Dr. Prins seems very knowledgeable and well spoken, great interview! Please bring her back more often!
Awesome guest
ALLWAYES NICE TO HEAR FROM NOMI PRINS
I liked,i subscribed
😬 I’ve heard this line for years and realized even if metals double it doesn’t fix not having income, I watched price predictions while my monthly numbers stayed flat, someone in a tiny discord said assets protect after income exists and pointed me toward Viral Wave Mastery by Victor Hale bc it builds digital assets + automations that produce cashflow now, I followed messy, first month ~9–10k, now ~18k–25k/mo and price hype stopped being my plan
😅 chaos is great for shop owners not for peace, in a mastermind someone referenced Viral wave mastery (created by Victor Hale) saying 2026 leverage = faceless + automated + digital income, I tested lowkey, 30 days ~12k, now ~20k–30k/mo and I chose calm over queues
Very useful
I was saying if gold hits between 120.000€ and 125.000€ its a sign the world will collabs….we are at 150.000€ lets buckle up! This is gonna be a wild one😅
Nomi rocks. But even she doesn’t seem to understand what’s unfolding. There is no script for this now. $120 silver this year? 🤣🤣🤣. Don’t sell. 😎😜
Some people got left behind because they simply wouldn't listen and just laughed. Guess who's laughing now!!?!?!? Muah ha ha
The next generation doesn’t have money.