Rising tensions in the Middle East and a surge in oil prices sent gold briefly above $5,400, but Dr. James Thorne says investors should separate short-term shocks from long-term trends. Speaking with Kitco News at PDAC 2026, the Wellington-Altus Chief Market Strategist described the move as “a temporary spike if we’re long-term investors,” adding that “in a bull market, you can have a 50% correction at any time and still have the secular bull market in place.”
Thorne believes gold remains in a structural repricing cycle and reiterated, “By the end of the decade, I’m saying gold’s gonna be 10,000.” However, he cautioned that the safety trade may be crowded and advised investors to rebalance rather than chase momentum. Thorne also outlined what he views as an eventual “Bretton Woods 2.0,” arguing the global system is moving toward a new monetary framework that could incorporate both hard assets and digital infrastructure.
Recorded March 02, 2026.
00:39 – Is Gold Overheating
02:59 – Rotate Into Tech and Crypto
04:21 – Mining M&A Still in Early Days
05:35 – Inflation, Rates, and Oil Shock
07:02 – Is Canada Open for Business?
09:11 – Energy Security Wake Up Call
12:07 – Bureaucracy vs Competitiveness
14:16 – Bretton Woods 2.0 Framework
18:44 – Gold Revaluation and US Reserves
21:40 – Bitcoin vs Gold Outlook
Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.
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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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30 Comments
Screw this tool and his digital assets. I'll be watching him scream inside his 15 minute city from the comfort of my rural mini farm. 😂
It gets to $10k well before 2030. Each $1000 milestone is a lesser percentage gain. $2.5k to $5k is the same gain as $5k to $10k. It’ll be $7k within the next year.
Clown. His whole narrative falls apart just about halfway through the interview.
I'll have what he's drinking!
Vote Conservative. It's a no-brainer….and a must.
Gold doesn't surge lol. it's Bearish! you're late
All crypto is a scam… and people who peddle that stuff are charlatans… disappointing to have these clowns on a PM channel…
👍🙏👍🙏
I assure you sir – gold and bitcoin are not “the same” 👎🏽
Stopped watching around 5 minutes into the video. This guy is an idiot.
Bald fool
Grazie mille
Gold’s safe‑haven status is slipping in real time, and Bitcoin—despite the volatility—is acting like the harder asset that’s holding up best under geopolitical stress.
Canadian leader one of the first to support the President ?… not good a dumb cowardly move.
This guy is full of shit.
Trim gold and buy bitcoin? Id much rather buy toilet papers.
Thank you
By 2030? Really went out on a limb with that prediction!
Worthless meaningless advice! Worst guest in some time!
I think this guy's an idiot
So many qualified guest on Kitco, thank you for that😊. But this man was not one of them! Please dont interview him again.
I can’t take this guy seriously if he brings shitcoins into the conversations. It discredits the rest of his analysis
"Gols Surges?" … has anyone ever made money from kitco content? Host does a good job though.
10,000 by like end of 2027…
Run from this man
He was proved right with the gold dip after the interview
I would never 'invest' in digits. Old school till the end…that's me.
I agree with your guest because it matches my experiences, especially of late. Bitcoin as a currency backed by gold as money until we go all digital. In the short term gold is for a stable transition to a money one country can’t deprecate on its own; backing bitcoin for a common currency proven to have bullet-proof cybersecurity against even AI (for a while). Even in the last few months gold+silver prices have been jerked around by dishonest bank/brokerage manipulations, and bitcoin has been whipsawed by its high correlation with (mostly US) liquidity. We are getting closer to the singularity.
State the fact…liberal anti-resource development has clearly caused Canadas prosperity to suffer…and Carney was part of Trudeaus government over the past few years. Dont give liberals or Carney a pass on this.
@michaelhouse9452
0 seconds ago
BTC is exactly the same as the human idiots among us that trade their actual dollars for fake non existent stupidity in vidiot games….. Trade “real money” for fake “money”/nothing that actually exists. BTC shows humans are willing to accept an even worse idea than fake fiat currencies that come along with a 100% guaranteed to fail end game. Btc is literally nothingness and people are stupid enough to hand themselves over to a false digital existence that is moving them into an inescapable digital imprisonment ministered by ai….. Great idea ! Wanna destroy a countries economy? Turn the power off if they are stupid enough to willingly accept a 100% digital nothingness existence lol. You btc people are some of the most clueless and out of touch with reality people on the earth, you are just as stupid as people still willing to accept socialism can work in a way that’s positive for humanity haha