Market veteran Clem Chambers issues his most important forecast of the year in this exclusive Kitco News interview. He argues that the world is on the verge of the “biggest economic boom since they invented the steam engine,” driven by the AI revolution, and reveals how he is positioned to take advantage of it.
However, he also delivers a stark warning for the crypto market, predicting an imminent “crypto winter” that could send Bitcoin back to the $40,000-$60,000 range, and identifies a group of companies he believes “will be the FTXs of this cycle”.
In this wide-ranging conversation with Kitco News Anchor Jeremy Szafron, Clem gives his specific price targets for Gold and Silver, details the strategic importance of Platinum and Palladium, and explains why he believes a recent merger in the copper market is like “being given an insider trade”.
Interview recorded on Friday, September 26, 2025.
Follow Jeremy Szafron on X: @JeremySzafron (
Follow Kitco News on X: @KitcoNewsNOW (
Follow Clem Chambers on X: @ClemChambers (
00:00 – Market Update: The Disconnect Between Wall Street & The Real Economy
00:44 – Geopolitical Catalyst: Is $5,000 Gold Now In Play?
01:51 – Gold & Silver Price Targets: $10,000 Gold? $100 Silver?
04:26 – The SHOCKING Sanctions Loophole: Why America Buys Russian Metals
07:25 – The Future of Minerals: Onshoring Strategic Reserves
16:00 – The AI Chip War: Why The U.S. Has “No Choice” But to Back Intel
24:23 – The Alpha Rotation: Finding Value in a European “Black Hole”
28:05 – Bitcoin: The “Drainers” and The Trojan Horse of Institutional Adoption
33:47 – CRYPTO WINTER WARNING: “These Companies Will Be The Next FTX”
40:44 – Clem’s Thesis: The Biggest Economic Boom In History Is Coming
43:37 – Copper: The “Insider Trade” Hiding in The Market
#Gold #Silver #Bitcoin #Intel #Investing #Economy #Copper
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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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41 Comments
An incredible conversation with market veteran Clem Chambers. He lays out two powerful and opposing forces shaping our future: an imminent "crypto winter" that he believes will expose the "next FTX," and the simultaneous start of the "biggest economic boom since the steam engine".
We want to know what you think: Which thesis is more compelling right now?
Are you preparing for a major downturn in speculative assets, or are you positioning for a massive, AI-driven boom? Let us know in the replies below. Thanks for watching.
Greatly enjoy hearing everything Clem has to say.
Clem is especially scary since he is a contrarian AND his views make sense.
Which kind of fits this crazy market we have nowadays.
Clem Chambers is a smart guy. I really enjoy his brilliant analyses and insightful observations.
Yep Clem is the man
Jeremy always looking for a hot tip 😂
Platinum bull!
Love clem
How do you get your cat to stay there?
I was thinking 120k to sell BTC. Ultimately going to zero anyway. I’m selling this morning after the Cleminator spoke on it! Thanks Clem and Jeremy and kitco – great interview!
I used to think this Clam guy actually understood Bitcoin fairly well, but after hearing this interview, it’s completely clear to me that AT LEAST 1 of the following 2 things is 100% absolutely TRUE, with my hand to god:
1. I was wrong before and actually the Clam doesn’t understand Bitcoin/the Bitcoin network any more than my 2 y/o daughter does.
AND/OR
2. He’s a completely disingenuous individual who likes to pretend he’s really smart about certain topics of which he actually doesn’t know his arse from his elbow.
And I’m strongly suspecting the correct answer to the above is answer (C): Both (1) AND (2). This is the last time I’ll ever waste any of my time listening to anything this fool has to say.
As an aside, whilst I used to find his teenager-esque cheekiness somewhat amusing and perhaps even charming (?), now that I’ve had the above realization about this guy, that same goofiness now hits me as nothing but super annoying…how annoying, you ask? Well, I’d have to say it’s at least as annoying as when my 2 y/o (yes, the ‘bitcoin dummy’, same one) who emphatically tells me “no” in response to my asking her to do something simple.
We dont need copper because electricity will be moved without cables….
This guy is a TA vibe trader. Doesn’t have the depth of understanding. Likes etherium because “Vitalik is cool”? Bro
Iron and clay do not mix. Watch out!
The black boxes garentee perfect trade for mega rich! ITS THE END OF FREE TRADETT
When you buy Eth, you are buying bitcoin for someone else.
Is Jeremy single yet? I’ve been waiting a long time.
ay,
imagine:
raw materials, even commodities go PUMP parabolic,
but bitcoin just says "now, the rainbow mindset says, we need another bear…"
it is strange here,
cause fundamentals kinda mix
anyways, thx 4 for the bread
100k was the aim of rawUNITY.
co gratulations.
0:09 The consumer spends EVERY DAY…
🤡 What a Clown 👉😂
But when crash happens gold will go down as people will need to cash their gold to cover their stock margin calls or losses
Ah the very gentleman who said he feels sorry for everyone who is still in the market back in April, because he is all out and the crash has started. I think it is you we should feel sorry for my good man.
Selling bitcoin to buy copper 😂😂😂
CZ the founder and C.E.O. of Binance just launched a second Crypto Exchange ASTER. But this one is decentralized. He's been Tweeting about it since it came out a few days ago. He says it will outperform Binance in the future and it already has a market cap over 3 billion and a price over $1.60
mmmm…. copper👍
Clem you may be interested to know that CZ the founder and CEO of Binance Just launched a DeCentralized exchange a few days ago called ASTER and he said it will outperform Binance. The current price is hovering around $1.60 with a market cap of over 3 billion.
Do you think we will see $3600 before hitting $4000 ?
fake numbers for the next 4 years
After all these years and Clem still doesn't understand bitcoin… pathetic
Wait for this guy to figure out bitcoin
Anybody have any ideas of good copper miners to buy right now? Balancing risk/reward, dividends, P/E, currency risks etc…
2030: Dow Jones 60000 points, Gold 10000$/Oz, Silver 500$/Oz, Platinum 20000$/Oz, Bitcoin 0$/Bitcoin
As major U.S. telecom providers migrate from copper to fiber optics, the recovery of legacy copper could amount to tens , if not hundreds, of thousands of metric tons. That looming supply overhang makes copper a risky investment in my view, with real downside potential.
The climate movement wants to reduce the amount of energy used due to climate change. At the same time, the very same people want us to invest our soul into AI—something that will consume 5 to 10 times more energy over the next 20 years. How do they reconcile this equation? It’s either incompetence, deception, or a combination of both.
Great stuff as usual Clem. Going to your youtube channel right now.ATB
This guy is really good and speaks my language so going to look him up
Bro said “a nice rocket ride away from Beijing” LOL
Potosi.
Anyone know anything about Eastern Platinum ( ELRFF)? Looking for a good penny stock with low market cap, low share count and legitimately doing good things….also preferably with " Platinum" in the name. Trying to find something low priced to ride the platinum bull (praying & hoping🙏🏿🙏🏿🙏🏿)
AI will work IN CHINA, not necessarily in America.
Silver can double? Dude is a liar. Silver hasn't moved plus or minus 10 dollars in the last 10 years. Silver price is being kept artificially low.