A bombshell report just erased nearly a million jobs from the U.S. economy, while the government of a core European nation has collapsed. According to strategist Philippe Gijsels, these are not isolated events; they are symptoms of a global ‘Fourth Turning’ that will reshape our economy for the next decade.
In this exclusive interview, Kitco News Anchor Jeremy Szafron sits down with Philippe Gijsels, the Chief Strategy Officer at BNP Paribas Fortis and co-author of the book, ‘The New World Economy in Five Trends.’ A year after he accurately forecast this new era of stagflation on our program, he returns to reveal his unscripted playbook for what comes next.
In this interview, Jeremy and Philippe deconstruct:
-The true state of the U.S. economy after the record 911,000 jobs revision.
-The endgame for Europe’s debt crisis following the collapse of the French government.
-Why central banks will be forced to let inflation run high, erasing the value of cash savings.
-His controversial price targets for gold and silver, including a specific 3-6 month timeline.
-A deep dive into the mining sector and the massive Anglo-American/Teck merger.
-The debate between holding physical gold, ETFs, or mining stocks.
-The one asymmetric “grand slam” investment he believes has the most potential for the next decade.
Follow Jeremy Szafron on X: @JeremySzafron (
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Follow Philippe Gijsels on X: @pgijsels (
00:00 Introduction a
00:51 Market Reactions and Gold’s Surge
01:20 Interview with Philippe: Economic Predictions
01:55 Job Market Analysis and Implications
04:30 Stagflation and Real Assets
06:01 Central Bank Strategies and Rate Cuts
10:49 European Debt Crisis and Political Instability
15:40 Global Debt Supercycle and Inflation
20:49 China’s Role in the Commodity Supercycle
26:28 Investment Strategies in Gold and Silver
27:14 The Perfect Storm for Miners
28:12 Central Banks and Investor Behavior
29:44 European Investors and Mining Stocks
32:31 The Anglo American and Tech Resources Merger
36:23 Resource Nationalism and Jurisdictional Safety
38:48 The Importance of Diversification
42:40 Bitcoin vs. Gold: Safe Haven Assets
44:42 Future of Commodities: Gold, Silver, and Copper
48:35 Conclusion
#Gold #Silver #Investing #Stagflation #MarketCrash #Economy #FederalReserve #Mining
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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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31 Comments
In the interview, Philippe said he would "even prefer silver" over gold right now.
Which precious metal do you think has more upside from here: Gold or Silver?
Vote with your comments!
😂😂😂😂😂
this aged well
Not even one mention of China
Kolabs deflation 2026. Kaine money balance 2025 0%😊😊😊😊😊
MAGA Make America Gutter Again
Make America Garbage Again
It sound that everything is allowed now check banks no pay no responsability
Who are the victims here ??
,,,The people thats who !😢😢
Wall St cheers as Main St. gets screwed (again)
France doesn’t need a new PM,the people want that fraud of a president gone.
The world news Nikkei published Asia
Lots of white collar jobs are history . It’s technology , not economics they aren’t coming back.
No problem . I don’t have any
Yes,A Demonic Sickle
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NOT LONGER Than Africa 🌍 China, SMH BURKINA FARSO IBraham Traore WILL SAVE Us Jahova SAY
WE Notice
FREE The American BLACK JEWS..,
As soon as I hear a so-called expert reference the ridiculous idea of the “Fourth Turning,” he loses 50% of his credibility.
Very informative and insightful. Obviously this guy is an educated guest not a stock pumper like so many others.
Current market logic : Purchasing power of cash has dropped 10% so lets pay 40% inflated price of gold and pretend we didn't just pay 30% too much for a heavy bookmark.
If 50% of your cash's value gets wiped out quickly. there will be a second revolutionary war in this country. At a minimum, they'd have to do it over 5 years to get away with it.
@32:00 It's possible that the reason gold is under-owned (historically) is because of BTC
Americans shouldn't talk about state debt
Literally look anywhere and see it. Dollar tree turned into $1.25 tree (25% increase) during Biden. Now it’s $1.50 tree (%50 since).
Pretty sure the JPY has been gutted in the ,ast year.
Best interviewer in the metals sector.
Hi from France !
thats bc people refused to go back to work following covid. You can blame the dems for that