Jeremy Szafron, Anchor of Kitco News, sits down with Clem Chambers, founder of anewfn.com, to navigate the latest market volatility and geopolitical risks. Chambers breaks down why the current oil spikes are tactical rather than a long-term strategic shift. He argues that the artificial intelligence boom is a foundational technological leap, akin to the steam engine, which will drive a massive global energy boom requiring all sources of power.
The conversation explores the reality of European deindustrialization as surging energy costs hobble manufacturing in Germany and the UK. In the precious metals market, Chambers explains his thesis that gold is for war and serves as a vital strategic reserve for central banks, projecting a long-term target of $6,000 per ounce. He contrasts this with silver, which he dubs FOMO gold.
Chambers also addresses the growing stress in credit markets, warning that shadow banking and private credit funds are facing defaults as the Federal Reserve drains liquidity from the system. Furthermore, he dismisses the death of the dollar narrative, noting the currency’s continued strength against global peers. Finally, Chambers outlines why Bitcoin is behaving as a liquidity asset poised to drop to $40,000 , and why platinum and palladium offer glaring investment opportunities.
Recorded March 9 2026.
Follow Jeremy Szafron on X: @JeremySzafron (
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Follow Clem Chambers on X: @ClemChambers (
Timestamps:
00:00 Market volatility and oil price spikes
01:30 Is the commodities trade short-term noise or structural
04:45 AI build-out and the coming global energy boom
08:45 European deindustrialization and energy insecurity
14:00 Gold is for war and the $6,000 price target
16:30 The death of the dollar myth and US currency strength
18:00 Shadow banking risks and rising private credit defaults
22:30 Why Bitcoin is dropping to $40,000 amid liquidity drains
30:30 Platinum and palladium as ultimate contrarian trades
34:00 Investment strategy and navigating market noise
#KitcoNews #Gold #Bitcoin #MacroEconomics #Investing #ClemChambers #Silver #EnergyMarkets #ShadowBanking
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43 Comments
Clem has been off base for awhile now :/
America has become the laughingstock of the entire world
God bless Iran 🇮🇷🇮🇷🇮🇷🚀🚀🚀
'Gold Is For War' “tunnel rats” Veterans RPP 17 Pio Air Meda RAYM0ND According to Forecast International, WWABNCP/PACCS stands for Worldwide Airborne Command Post/Post Attack Command and Control System. Martial law Q WAR SEX Thailand RPP Pio Philippine's Q WAR SEX
'Gold Is For War' “tunnel rats” Veterans RPP 17 Pio Air Meda RAYM0ND According to Forecast International, WWABNCP/PACCS stands for Worldwide Airborne Command Post/Post Attack Command and Control System. Martial law Q WAR SEX Thailand RPP Pio Philippine's Q WAR SEX
“tunnel rats” Veterans RPP 17 Pio Air Meda RAYM0ND According to Forecast International, WWABNCP/PACCS stands for Worldwide Airborne Command Post/Post Attack Command and Control System. Martial law Q WAR SEX Thailand RPP Pio Philippine's Q WAR SEX
“tunnel rats” Veterans RPP 17 Pio Air Meda RAYM0ND According to Forecast International, WWABNCP/PACCS stands for Worldwide Airborne Command Post/Post Attack Command and Control System. Martial law Q WAR SEX Thailand RPP Pio Philippine's Q WAR SEX
Blah blah, look at the price of gold, not moving during war.
It's not about oil, gas, coal, wind or solar.
It's about the most common element on the periodic table.
It's green and abundant.
!!!!!! Hydrogen !!!!!
Canadians in Saskatchewan are drilling for it now!
Sulfur, phosphate and potash because you can’t eat gold, silver, oil and gas you got to feed the world
BTC's up brothers
Unless gold goes over $20,000 per ounce sometime soon , it will fail to cover inflation costs.
Gold has been called the weapon of mass destruction. But really, gold reflects light best.
Why wasn't the Covid money paid back? In 2008, the Great Recession nearly crippled the country, but some money "loaned" to businesses was actually paid back! See "Good For the Money" by Bob Benmosche. Perhaps this should be the standard in future capital crises.
The core group that you kept seeing in the news grew up together and were trained as actors. I saw pics of Barr, Obama together when they were young. Melania and Hunter with his shirt off. Both looked high.
Canada's Central Bank – No Gold .. Correct?
Iran destroyed billions worth of military equipment already.
All those radars, airplanes, rockets have to be rebuilt.
Silver is necessary to make that military stuff.
Hence. IMHO. Silver (physical ) will go up a lot in the next year.
Old men talking about AI like it’s the next best thing… bro ai is here to REPLACE HUMANS so stop being silly
Dumb guy 😂
I loved Clem as Professor Marmalade in the movie Bad Guys!
FYI: A.I. power is not really up to how much electric power you have, if you like China/Deepseek have much more efficient coding, it doesn't need as much. On top of that the hardware will be much more efficient once they are running on optics instead of copper. It's like a factory running on coal at the moment, it'll be much more efficient.
they only have to out last them its not hard & if the aggressor does the unthinkable they loose so it truly is a no win for the aggressor
The GOLD
You said bitcoin was for war a little while back make your mind up ??? Maybe your getting old and forgetting what your saying a week ago lol
Silver is more so for war, because without silver you're ai is useless without silver good luck getting that missile to launch.
Sorry but everything is not what they used to be.. so many of the views are not valid..
Donald trump ran away with the bitcoin😁 Your login on bitcoin and iran has failed
What is Clem talking about? The US dollar is strong? Total bs. The US dollar, versus gold, has lost more than 90% of its purchasing power since Nixon took the US dollar off of the gold standard in 1971. The reason gold is sitting at over $5,000 per ounce is precisely because the dollar is collapsing!!
The dollar has lost 99% of its purchasing power since 1971 against gold. Clem's claim that "the dollar is strong" is firstly a reference to the dollar index, which is a comparison against other fiat paper ponzi rubbish, and secondly if you look at the dollar index, the dollar has actually fallen significantly against other fiats over the last 12 months, and is now retracing a little within a bear flag, that looks to be indicating a weaker dollar going forward. I'm sure Clem well knows the facts of these points but it doesn't fit his "gold is for war" clickbait narrative.
How many other people understood the Dad's Army reference….? 'Don't Panic……!'
Clem is totally naive about AI causing productivity booms. The only productivity boom it will cause is in surveillance n Mass Death. In industry and coding the cost of verifying and failsafung is going to be huge and humans will have to be called back to monitor and control psychotic lying cheating bad faith strategies developed by AI agents which can destroy businesses. I don't think he knows about AI tech in depth. Just the blurbs for investors.
17:20 none are strong
He’s right about how long they’ve been talking about the death of the dollar! He’s not lying!
Enjoyable and educating alternative view to your usual guests. Maybe is because i'm English, but I was very much in tune with Clem.
As part of MAGAs America first Trump has the United States building about 100 data centers in Saudi Arabia and the middle east?
The Ukraine/USA were the countries that bomb the NORDSTROM pipeline in the Baltic Sea! They blamed the Russians, who built this, so according to me Ukraine/USA are lying!
Do your shirt up Clem, you're not an Adonis amongst men.
I enjoy this show. Informative with laymen language.
yeah the dollar is strong against other debased
Saudis have a pipe line that will not stop. Million barrels a day.
What happen to the oil glut? Disruption is only 20% or less
Analysts predicat 92-97 by the end of this month, silver hit an important milestone of 40 which kept it locked from going below the 70-80 range and is expected to only increase, the next milestone is 150 from there it will be locked to not go under the 100 price range any time shortly after, remember the more the people own and refuse to sell the quicker it'll go up
Use real money (gold) to see how far down the dollar has gone. Hundred years ago one dollar equaled 1/20th of an ounce of gold. Today, one dollar equals 1/5000th of an ounce of gold. Can you see it?
Right now in Calgary Alberta Canada gas at the pump is 1.52 per litre 85 cent per litre is tax that old French invention must be resurrected