“We will see over the years the dollar absolutely collapse against the one currency that does not represent anyone else’s sovereignty…and that is gold,” says Dr. Thomas Kaplan, CEO and Chairman of NovaGold. In today’s interview, he tells Daniela Cambone that all fiat currencies are inherently flawed and refers to the U.S. dollar as “double-ply toilet tissue.”
Despite recent price increases, Kaplan believes gold is still in the “foothills” of a broader bull run. “We will look back on $3,000 gold as a complete gift… the same way as we look back now on the Dow at 3,000 in the late ’80s as a gift,” he says. On the recent ECB’s warning about gold, Kaplan sees it as further support for the bullish case. He emphasizes that the rising demand for physical settlement—not just futures contracts—could create a supply squeeze and trigger a major price surge. Watch the full video to learn more.
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📖 CHAPTERS:
Chapters:
00:00 – The Holy Grail of gold deposits
13:26 – Will Gold confiscation happen?
16:02 – Could Canada nationalize tts gold?
17:44 – Is the vulnerability of US dollar the greatest risk?
26:21 – Tom’s prediction for the U.S. economy
29:52 – The Three Pillars of American superpower
35:20 – Will the U.S. dollar lose reserve currency status?
37:18 – The ECB’s warning on gold
42:38 – Tom on his partnership with John Paulson
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For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.
Disclaimer: The information provided in this video is for educational purposes only and should not be construed as financial advice. Gold and silver prices are influenced by many factors and may fluctuate. All assets carry some risk and past performance does not guarantee future results. The views expressed by our hosts or guests do not always reflect the views of ITM Trading nor guarantee a specific outcome. Always conduct your own research and consult a financial advisor before making any investment decisions.
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43 Comments
I just watched this for the second time. There is a lot of meat on that bone. Thank you again, Daniela.
One of my all time favorite videos. Thank you Daniella. Thank you Thomas.
Bottom line. My gold is not for sale.
He doesn't want to acknowledge that Canada already confiscated bank accounts of truck protestors who were against forced Covid vaccination.
Surprised Kaplan doesnt consider that when tshtf and gold becomes king, the US government could easily nationalise the mines.
It’s ALL About TIMING!
It’s TIME For Our Next BIG THING!!! 😇
In case you were wondering God's chosen ones are the next big thing. 😂🤔😉💛😘🇨🇦🇺🇸🫂
✨🤍✨
Bravo Tom!
China ¥CNY and gold.
After watching this I bought some shares in nova gold. But then did some more research and found that they are caught up in a development dispute with the locals. And there mine may never be fully approved for major production. That's maybe why Barrick sold.
Always always listen to a man wearing an ascot. Just kidding, this was a good interview.
Incredible interview. Already listened to it twice. Even better the second time.
Tom is great! Please have him again!
While these things are all true… I just sold my bullion. The immense control by government and other agencies, gold and silver will never reach its full potential. In short… the average citizen can never gain massive wealth by holding on to this commodity.
Interesting how the most successful investors share the same geopolitical realities. Dalio, Rick Rule, this chap, all sing the same tune.
How does the layman even sell their gold at $20,000/oz and to whom?
Bullfeathers! There isn't enough gold to go around to make a world economy work. Europe tried that for centuries and it was disastrous! The world economy is much better basing worth of currency on GDP. GDP is better than gold. It's more upwardly mobile and it isn't dependent on one finite resource. We go back to gold and we might as well go back to sticks an rocks and whale oil.
That interview was eye-opening!
STOP CALLING GOLD A "CURRENCY" !!! I can't go to a store and buy eggs with gold and my employer won't pay me in gold. It's not a currency. It's a less risky bet for gamblers in the market. 😅 Unless you use it as collateral, you won't be able to use it.
WEST AFRICA is run by dictatorships!?!?! This guy lost all credibility!! THE WEST goes in and pillages these nations and kills their leaders if they want FAIR deals and you're calling THEM dictators! Typical white western elites that still see these nations as their slave colonies. So sad because I loved my nation but I won't turn a blind eye to this evil mindset.
Environmental and native claims continue to put a hold on this project. So there is great risk. These are great reserves however gold projects have a high potential of environmental degradation.
What a great interview ! With regard to the Dems AND Republicans , he said ". Same meat , very different gravy " … Im gonna use that !
The rich smoothers who stood first at the money printer now shifts over into the real value of gold.
So stand next to your bank during QE and then in due time shift into gold and you have a recipe for generational wealth.
Funny they are willing to tell openly about it like this dude.
When you move into the male neck scarf phase of life, you no longer live in the real world! Good for him! I’m not a hater, just an observation. 😎
"Tribal governments from the Kuskokwim River region, represented by Earthjustice, are fighting the Donlin Gold mining project." I suppose it will be interesting to see how this plays out. Though I have a guess.
it could be the final nail in the coughing
guess who's got over half of the worlds gold.
I Like Tom.
Have the Natives in the area had a change of heart on the development?
How can a State tax ( Sales tax) the purchase of gold?
Great show Daniella like, always. Sophisticated Mr. Kaplan. Thank you.
sure Mali is bad because it does not let western countries steel their gold .
This dragqueen is not even human
Germany having nuclear weapons would be a act of war after ww1&2 they still can’t be trusted, and most of the US debt was acquired because of the entanglements created and brought forward by the EU and other Allies like Vietnam was France
lol… dude looks like will Ferrell
Kaplan in many ways is insightful and experienced; however, I thought is pitch on how the U.S. role as the worlds policeman and the owner of the reserve currency was all a huge gift to the country. It also contributes to our resulting U.S. consumption and bubble economy, deficit spending, reduced manufacturing and supply chain control, among other things. I don't know if you can build a healthy country on the foundation on fiat currency, consumption, and policing. Perhaps better to have a real production, pay-as-you-go economy…
Well thought out interview….wishing the best for Thomas Kaplan in his latest venture.
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Canada… IN A HEARTBEAT WOULD TAKE MINES/GOLD !!!
Are you 2 forgetting personal freeze on monetary funds during the strike???
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I truly believe this is one of the best interviews I have watched !! Dr Kaplan is very well spoken and intelligent !!.
Why will no analyst give a buy recommendation only hold for NOVAGOLD. Price $7 cad, $3.50 us and price not expect to change up for 12 mths.
This guy is way too full of himself but still worth listening to anyway.
This was a good one. thanks
In Gold we Trust! 🎉
FUZZY BEAR WILL SURPASS DODGE COIN BY MARKET CAPP 2025
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