A “terrible storm” is approaching the US bond market as the global financial architecture begins a fundamental shift toward hard assets, according to Colonel Douglas Macgregor. With gold inching above $4,600 and silver rebounding into the mid $70s, the guest argues that the economic fallout from the conflict in the Middle East is reaching a critical tipping point. According to Macgregor, the real reason the Strait of Hormuz closed was due to insurance giants like Lloyd’s of London—not direct military force – effectively halting commercial traffic.
In this exclusive interview, Macgregor provides a blunt assessment of what he claims is an urgent US interceptor missile shortage and explains why he believes legacy military infrastructure is obsolete in the face of modern drone warfare. According to the Colonel, a “hidden” supply chain crisis is emerging, including the threat of a global fertilizer shortage and an urgent necessity for “resource sovereignty” in rare earth refining.
Recorded March 31 2026
Follow Jeremy Szafron on X: @JeremySzafron (
Follow Kitco News on X: @KitcoNewsNOW (
Follow Col Macgregor on X: @DougAMacgregor (
00:00 Introduction
00:51 Breaking Peace Signals
01:21 Who Really Closed Hormuz
02:31 China Peace Framework
03:13 Famine and Water Risks
04:53 Missile War Reality Check
07:59 ISR Strike Game Changer
11:08 What Victory Looks Like
17:29 Strategic Minerals and Refineries
29:03 Bond Market and Final Advice
#Gold #Silver #Macroeconomics #Geopolitics #BondMarket #Petrodollar #StraitOfHormuz #KitcoNews #DouglasMacgregor
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