Author: Kitco NEWS

The U.S. national debt has reached nearly $40 trillion, and the interest alone now rivals the entire military budget. Constitutional scholar William Watkins argues the dollar today is backed by little more than the coercive power of the government, and that the drift from the founders’ hard-money design is why the debt keeps compounding. Kitco’s Jeremy Szafron talks with William J. Watkins, Jr. of the Independent Institute about how the spending guardrails came off (from the founders’ “few and defined” powers to the New Deal-era Butler decision), why he calls the 1933 gold call-in unconstitutional, how Civil War greenbacks began…

The Federal Reserve decides Wednesday. On Friday the market put a rate hike at roughly 88%, and a cut at zero. It would be the first increase since July 2023. Over nine days, three guests sat down with Jeremy Szafron and made the case that higher rates are a problem the debt can’t carry. Ran Neuner on September 3, Brien Lundin on Tuesday September 8, and Ron Paul on September 9. Neuner argued the inflation is a supply shock from the war and that rates are the wrong tool for it, while saying he wasn’t ruling a hike out. Lundin…

Central banks acquired 244 tonnes of gold in the first quarter of 2026, marking 10 out of the last 11 quarters where sovereign purchases exceeded 200 tonnes. Jeremy Szafron anchors an exclusive 45 minute deep dive with financial historian and author Dominic Frisby to uncover the reality of this massive sovereign accumulation. In this masterclass interview, Frisby reveals why China’s official reserve number of 2,300 tonnes is masking a true stockpile that could be closer to 30,000 tonnes. He details how domestic mining, Shanghai Gold Exchange withdrawals, and undeclared imports point to a hidden reserve designed to eventually challenge the…

Gold is trading near record territory, and silver is surging, but the real story is who controls the metal. For decades, price discovery has been dominated by London and New York. Today, physical demand in Asia, central bank accumulation, and sovereign wealth fund activity are forcing investors to ask if the marginal ounce is moving East. In this interview, Kitco News Anchor Jeremy Szafron sits down with Joe Cavatoni from the World Gold Council to dissect the Q1 Gold Demand Trends report. Cavatoni breaks down the disconnect between Western ETF outflows and Eastern physical premiums, how the WGC tracks China’s…

Gold is eyeing a massive run to $6,000, and silver just broke out past $80. Gary Wagner reveals the exact charts driving the precious metals bull market and maps the key technical levels you need to watch. Despite a hotter-than-expected U.S. jobs report reinforcing the Federal Reserve’s “higher-for-longer” rate stance, the precious metals sector is accelerating. Gary Wagner, Editor of The Gold Forecast, joins Kitco News Anchor Jeremy Szafron for a special technical presentation detailing the Elliott Wave structure of gold and the mathematical case for a $6,000 target by year-end. They also break down the next resistance levels for…

Gold-stock sentiment just hit a level Adrian Day has never seen in 50 years of managing money, one day two weeks ago, not a single investor surveyed was bullish. Speaking with Kitco News at the Rule Symposium 2026 in Boca Raton, the Adrian Day Asset Management chairman said miner bullishness has collapsed to around 7%, against a typical 60/40 split. He calls it “the worst sentiment I have ever seen in my 50 years managing money in any sector at any time,” and argues it has left the big producers historically cheap, a Scotiabank study places them in their lowest…

The stock market whiplashed after a hawkish 9-3 Federal Reserve hold, but the real story is the massive unwinding in the semiconductor sector. Recorded midday Pacific, July 29, during the post-Fed reversal. Markets sold off into the close, with the Nasdaq 100 ending in correction territory. South Korea’s KOSPI has crashed 33% this month, and memory chip giants like SanDisk are down 57% in just 30 days. Is the AI CapEx bubble bursting? In this episode, Gareth Soloway, Chief Market Strategist at Verified Investing, breaks down exactly why the tech unwind is spreading and shares the exact trendline where he…

Rick Rule sold most of his physical silver this year and moved the money into silver mining stocks, a lesson in how a 50-year veteran actually positions. Speaking with Kitco News at the Rule Symposium 2026 in Boca Raton, Rule said he sold roughly 80% of his physical silver after its parabolic run and rotated into the miners. “You need to sell parabolic up charts because they resolve to the downside,” he said. The stocks were “priced discounting $35 silver in a $75 market,” offering better upside, sideways, and downside than the metal itself. Gold is a different bucket. Rule…

David Rosenberg says the gold selloff is not the end of the bull market, it is another buying opportunity, and the central banks driving it are only about halfway through their shift out of the dollar and into gold. So is the gold bull market over, or just getting started? David Rosenberg, president of Rosenberg Research and the economist who called the 2008 housing crash, joins Kitco News senior anchor Jeremy Szafron to explain why this is the 12th correction in gold since 1999 and not the end of the bull, why China kept buying the dip while Western leverage…

Silver is witnessing a profound structural shift as the physical market begins to exert dominance over paper pricing mechanisms. In this deep-dive interview, recorded on February 11, 2026, Jeremy Szafron, Anchor of Kitco News, sits down with David Morgan, publisher of The Morgan Report, to analyze the “plumbing” of the global silver market. Morgan breaks down the sustained $10 Shanghai premium, the impact of the CME’s margin hikes on COMEX volatility, and why the silver market is entering a “cash-only” phase. They also discuss the massive 40-million-ounce silver accumulation in India and why platinum is currently offering a rare 25-year…