The math of the 2026 economy is reaching a breaking point. Economist and author Saifedean Ammous joins Kitco News Anchor Jeremy Szafron to expose the structural fractures currently paralyzing the global financial system. From the government’s refusal to audit Fort Knox to the “Paper Trap” that prevents physical gold from ever returning as a true medium of exchange, this interview reveals why the rules of the game have fundamentally changed.
Ammous breaks down why the 10-year Treasury yield hitting 4.5% is the ultimate “trigger” for the war machine and why your traditional S&P 500 portfolio is effectively a “melting ice cube” in an era of rapid debasement. We dive into the uncomfortable truth about stablecoins “bailing out” the Federal Reserve and why the banking monopoly has successfully neutralized gold’s monetary role for over a century.
Whether you are protecting your wealth with physical metals or institutional Bitcoin, this conversation provides the raw, data-driven roadmap for the monetary endgame.
Recorded March 25 2026
Follow Jeremy Szafron on X: @JeremySzafron (
Follow Kitco News on X: @KitcoNewsNOW (
Follow Saifedean Ammous on X: @saifedean (
Chapters:
00:00 Monetary Stress Setup
01:00 Bitcoin Goes Institutional
02:56 Fed Choices and Hard Money
05:07 Gold Peg and Fort Knox
07:08 War Shocks vs Debasement
13:32 Gold Limits and Bitcoin Edge
18:24 Paper Gold and Price Discovery
23:13 Mining Economics and Difficulty
29:23 Sovereigns and Bitcoin Reserves
30:36 Nation States Stacking
31:27 Spendable Reserves Reality
33:54 Stablecoins Dollar Boost
37:15 Tether Demand Reality
39:26 Fiat Money Fuels War
48:00 War Costs Hit Markets
49:02 Treasury Yields Warning
54:19 Sane Hard Money Plan
58:07 Alternative History Pitch
59:41 Wrap Up
Special thanks to our sponsor, Swan Bitcoin, the real Bitcoin company, for making this coverage possible 👉 To learn more, get started at
#Gold #Bitcoin #Macro #KitcoNews #Finance #Economics #GoldStandard #Investing #FederalReserve #SaifedeanAmmous
__________________________________________________________________
Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage.
FOLLOW US:
X:
Instagram:
Facebook:
LinkedIn:
Listen to the PODCAST on
🎧 Spotify:
🎧 Apple Podcasts:
🎧 All podcast episodes available here →
Visit: for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.
Live gold price and chart:
Live silver price and chart:
Live crypto market data:
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at:
Disclaimer:
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.
source
22 Comments
We hear the debate loud and clear in the comments!
Whether you're a physical gold purist or a Bitcoin advocate, Saifedean’s warning about the "Paper Trap" is the real story here. He isn't just talking about digital assets – he's exposing how the banking monopoly hijacked the Gold Standard in 1914 to fund endless debt.
Is the "Paper Gold" market the biggest threat to true price discovery? Let’s talk about the math of the $10 trillion debt wall below.
I sold my Gold for Rock & Roll.
In the last 50-55 years, the dollar has lost about 85% – 90% of its value. It took Bitcoin 3 months to lose over 50% of its value…… 😧
Agreed on the feasibility of those mega battle ships, when they can’t get in range to use any of its functions due to the view from space and machinery to send those ships to Davy Jones Locker!
How many terrorist attacks and threats to anillate Israel and the USA from a country about to aquire nuclear capability would it take to require a response?
Look at this guy he is the typical bitcoin face and my gut tells me to not trust him.
Exactly
F this guy. He's a bitcoin shill. Bitcoin is a massive pyramid scheme nothing like real gold !
Does this "stupid clown" live in America? If so, I think he should be deported.
How can anyone listen to this guy spewing his hatred and lies about the United States and its ally Israel?
Paper notes were invented because gold was not useful as a medium of exchange as it was so heavy to carry around.
Bitcoin is pure math.
Amazing to see the lack of knowledge in most of these comments. Maybe read his book the Bitcoin Standard and actually learn something.
Bitcoin is immutable cryptography. One of the greatest inventions in the history of mankind.
I thought the IMF already deemed Gold a tier one asset. I thought Gold has been and always will be money.
Bitcoin is NOT hard currency. Please stop with the nonsense, it doesn't even meet the basic definition of hard currency not to mention the ridiculous volatility that is in no way indicative of a store of value.
Botcoin is a joke that remains in the ether 1s & 0s 😂 Its no hard asset. Can you melt those bitties into cutlery or jewellery ? 😢
I like to listen to this guy all day. Smart analyst !!
That was simply an amazing interview! Thank you 🙏🏻
My prediction… bitcoin and all other cryptos will be banned when one world cbdc is released. Probably the gold will be confiscated at the same time. When this will happen no one knows but it seems that in a couple of years.
Do they actually have a choice?
I dont get " experts" who talk against Gold are they loke paid agents
The misnomer about Bitcoin is it's 'limited'. There are 100 million sat's/Bitcoin…which means there are 2.1QUADRILLION sat's. PLENTY of Bitcoin.