▶️ Watch the full February 20, 2025 interview here:
Back in February 2025, before a record-breaking gold price surge, veteran market analyst Peter Grandich, founder of PeterGrandich.com, warned that the U.S. and global financial system were heading into a historic shift. This interview revisits those key moments as the year draws to a close.
At the time, more than 12.5 million ounces of gold had reportedly moved from London into U.S. vaults, a flow that drew global attention and added pressure to London inventories. Grandich outlined why renewed calls for a Fort Knox audit were gaining momentum, why some analysts were discussing the possibility of a revaluation of U.S. gold reserves, and why central banks were continuing to accelerate their long-running shift away from the dollar.
Since then, gold has surged to all-time highs, several major central banks have increased their official gold holdings, and public debate around U.S. gold transparency has grown louder. In Washington, the Gold Reserve Transparency Act of 2025 was introduced, aiming to require a full physical audit and assay of America’s gold reserves, including Fort Knox. As of late 2025, no comprehensive public audit has been completed, and the issue remains a major point of political and market attention.
Many of the broader risks Grandich highlighted earlier in the year remain front and center, including rising sovereign debt, geopolitical realignment, and intensifying competition over reserve assets.
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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