Gold has shown sustained strength, trading between $4,700 and $4,800 an ounce. While the metal is off its record highs, it has seen a significant recovery as investors seek a foothold in a volatile macro environment. Silver remains a standout performer, holding a 100% gain over the last year despite its recent consolidation near $75. In this Kitco News interview, Dr. Mark Skousen breaks down why he believes we have entered a permanent new price regime where silver is headed to $100 and will never trade below $50 again.
We also dive into the breaking news regarding the Strait of Hormuz. Reports indicate Iran is effectively running a “tollbooth” through the strategic artery, with vessels allegedly paying in Yuan or cryptocurrencies for escorted passage. As a supply-side economist, Skousen explains why this shift away from the U.S. dollar signals the gradual end of the Petrodollar era.Plus, we discuss Skousen’s massive exclusive on the SpaceX confidential IPO filing. With a valuation target of $1.75 trillion, this listing could make Elon Musk the world’s first trillionaire and serve as the ultimate validation of the “Roaring 20s” productivity thesis.
Recorded April 1 2026
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Key Topics and Timestamps:
0:00 Gold Strength and the High-Stakes Diplomatic Gamble
1:11 The SpaceX IPO Scoop: A $1.75 Trillion Filing
3:00 The Roaring 20s: Why Elon Musk is the Center of Technology
5:50 Permanent Inflation: Why Real Deflation No Longer Exists
8:15 Silver Price Floor: Why it Won’t Go Below $50
12:30 The Broken Scoreboard: Why GDP Hides the Real Economy
14:40 The Hormuz Tollbooth: Paying in Yuan and Crypto
17:50 Warren Buffett on the 2% Inflation Trap
21:00 The End of the Gold Standard and Permanent Inflation
27:30 Bitcoin vs. Gold: The Role of Private Money
31:00 Adam Smith and the System of Natural Liberty
35:30 Benjamin Franklin’s Maxim for Today’s Investors
39:45 Final Indicator: What to Watch for in the Next Quarter
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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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33 Comments
Mark Skousen’s insights on the "Hormuz Tollbooth" and the confidential $1.75 trillion SpaceX IPO change the entire macro outlook for 2026. If silver is truly building a permanent floor at $50, the upside potential is massive.
The big question: Do you agree with Mark that we’ve entered an era of "Permanent Inflation," or is this just a temporary war shock?
Drop your thoughts below
Mark and Warren generation mindset is old time and is not for 21 century .
😅😂😊 So in fact the straight is NOT Blocked. America can’t even do that right. 😅😅😅
ummm 2% is laughable what's the interest on the FED to the government over three and inflation has to be OVER that to make economy go real inflation rates are over 5% you know what didn't inflation the gold standard and no I'm not advocating for that because gold would have to so ridiculous in price to cover everything that……but that's the rub your money is being inflated away and if you to save any way possible they tax you on it. ITS A SCAM thats not even the real problem it's the COMPOUND INFLATION RATE OVER TIME just like interest rates over time being compounded is a force of nature so is inflation rates because it's basically the same coin two different sides
So this guy gets rich on Tesla and now he simps for Elon. Stay out of this IPO
Why is an old man talking about fake crypto?? Kitco really needs some standards for interviews.
Just big money, no beef for those on the top.
If it wasn’t for fraud.
The price floor., would be
(10/1) on the (GSR)
yet the comex & the lbma,
Are vampires, and when silver is set free,
It’s sunlight, to the juicer.
We are screwed unless you trust in Jesus!
Permanent inflation is here. Thanks, I would have never figured that out.
Djoo coque souker
Benjamin Franklin is one of the greatest Americans to ever live.
🐇
1. Mines will be nationalised.
2. $170 price floor means masses cannot readily convert fiat to metal.
3. $500 by oct 26.
THis is 1933 repeat where govt takes all silver and rreprices.
I expect this price floor to revise yearly till we reach $2k by 2030.
Kinda boring. Interrupt his ramble and ask him some question
Superb interview Thank you!
You forgot one that you mentioned before you went through your list. We've had never-ending wars since 2000
Mark the millionaire won't give away any silver eagles to his students because they're too expensive now! smh
This dip thinks Islamic extremist are the problem.
$50 price floor will do nothing for the miners except make them laugh.
And you know what happend at the end of these 'roaring twenties' right? Right? Good luck with that..
Thanks Rump
Man he is clueless about this war…
PT-Barnum self dealing, self promoting huckster – entertaining … sort of.
Yeah this bloke is a boomer . He has lived large off of the sacrifice of those that went before, you see him still proclaiming "let them in, let them in, and damn the consequences."
lol bitcoin private! brought to you by our 3 letter agencies
We need to cut tax? How is that going to work with the huge debt, defense spending and interest expense?
He is pure MAGA and all that implies.
Quite shocking to see someone glorify a Nazi like Musk.
Space x is a fraud..
Silver will become a monetary metal again (and as collateral) as industry invents substitutes.
I don’t know if there’s even a touch, of genius surrounding Musk
Still Stacking: Current Allocation 20% gold 60% silver 20% dry powder – 0% crypto