Willem Middelkoop says the monetary reset is no longer a forecast. It is unfolding now.
Speaking with Kitco News at PDAC 2026, the Founder and CEO of Commodity Discovery Fund reiterated his aggressive silver outlook. “It was 2021 when I called for $100 silver,” he said. “Now I’m calling for $500 silver.” Middelkoop argues that historical benchmarks still matter, noting the gold-silver ratio “traditionally has been one in 10 for over 2000 years,” while physical supply continues to tighten. He added, “If you look at the silver production in Peru, it’s down 40% over the last five years.”
Beyond price targets, Middelkoop believes the global financial order is shifting east. “The price discovery mechanism for gold and silver is moving from Chicago to Shanghai,” he said, adding, “I think this is Bretton Woods 3.0.” He warned that “the next crisis could be a sovereign debt crisis,” but maintains that despite volatility and geopolitical tension, “We are just starting.”
01:06 – Silver Squeeze Setup
02:47 – Comex Credibility Cracks
04:18 – Shanghai Takes Over
07:36 – Mexico Mining Risk
08:50 – Fed No Longer Matters
09:53 – Bretton Woods 3.0
11:32 – Sovereign Debt Reckoning
13:39 – Middle East Political Fallout
17:20 – What It Means for Miners
19:01 – M&A and Copper Deals
23:06 – Portfolio Positioning
25:44 – Black Swan and Stacking
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45 Comments
Willem you are listening to the fake news
This guys a clown when it comes to politics
100%
GREAT interview. I'm here to hear WIllem about his perspectives as a forecaster. Always sensitive, knowledgable, and good prophecies from the Oracle from Amsterdam.
Antisemitism…
I like Willem’s Metals analyses but maybe he gets a bit too excited about the Israel issue…
It is on like Donkey Kong!!
Dank voor je inzichten Willem
Kitco is based
Middlekoop will be surprised how it really turns out with Iran. He knows not much here.
The australian gov just offered asylum to Iranian women footballers. So australia thinks its a dangerous regime.
Was just saying as of Sunday the people that are selling silver around Colorado are using Shanghai prices.
If you're buying, that's even for rounds
This guy knows 😂
You interviewing an idiot !!!
Gold will not be revalued however it is a good sales tactic to cause panic and sell more precious metals to an ignorant public.
O G
08:42 The explorers don't have any mineral ore that is pulled out of the ground. They are not of interest to the cartels.
Willem Middelkoop is predicting since 2015 that gold and silver will rise, 10+ years later he feels like he was right 😂😂😂 i can make such predictions also. I can predict now that bitcoin will rise in price between 2026 and 2036 😂😂😂🎉
$500. Not when it costs miners $26 an ounce from mine to vault.
Plenty of Silver in the mine.
I sold all mine at $90 an ounce.
This is the first time 2 of my favorite current truth topics converged in one interview. Middlekoop is the first red-pill metals man I have heard.
Antisemitism is alive and well- guest is dumb as a rock
Every body knows these banks are criminals , this will be the down fall of them , credibility is absolutely zero
Next week, gold goes to 5 trillion, just wait to next week, every week: next week it will happen
Trump never said, "we will use the US for as long as we need to and then throw them away" that is a blatant lie. Try looking it up anywhere, google, AI doesn't matter they all say its not a credible statement and there is no evidence it was ever said.
Hmmm,,, Mortgage deivatives, then Private Equity Derivatives, and now: Is it true that International Oil derivatives total at least $1 Quadrillion? If this is the fate of rare earth commodities, the US may see checkmate. And the neocons invented Sherlock Holmes and Ian Fleming to glorify and deify themselves. How do we undeify them?
Correction: The US government WAS run by Israel.
Tucker Quatatlson is kaput !
Nathanyahoo is a body double. Real one is 2:0 is what I heard.
You lost me when you unpacked your antisemitism. Gross.
a historic shart is coming
I like this guy.. Tells it like it is.
Well hurry up then! Ive been hearing this for years.
Comex needs to end, we need a global price
Great guest!
I like Willem, but I don’t think he has a good grasp on U.S. politics.
This guy is wrong. The US population is supporting Palistinians more than Israelis? He needs to watch some different news, but definitely needs to focus on metals and not talk about our politics.
The question is when will copper also breakout
Great interview. It may not be up to the USA . What’s stopping China from revaluing Gold to its currency? Why then would you want a failing fiat currency? You wouldn’t
Silver and Gold will crash first along with the broader markets before we see the commodity bull rally in precious metals resume. This is 2008 all over again folks except perhaps worse. Get prepared and ready quickly and don't say you were not warned.
We will see $60, $50, maybe even $40 silver before we see triple digits again. I don't think we will get to $500 this cycle though, I believe somewhere between $300 and $400 for silver and $20,000 for gold by or before the end of 2030 is my realistic prediction.
Willem / Jeremy please be very careful when commenting on Israel/ Netanyahu publicly : Netanyahu is not all of the Israeli / Jewish folks, 18:06 mercifully as Sir Keir Stammer is not all of us in Britain! And also to say that polls suggest more young people today support the Palestinians than Jews, would be like saying in 1968 all youths were socialists/ communists- and that wouldn’t be true either. But the press photographs of London and Paris of the late 60’s you make you think otherwise. Let’s not give credence to antisemitism. Willem you are Dutch and I am part German, we know how quickly things could go. But I really enjoy the work of you both
"I've never pivoted from Epstein to gold miners before but here's my attempt to do it…"
Lol!
17:36 – the key word is “miners”
There is still very strong support for Trump even with this Iranian war. Some times you have to take out the laundry and remove the terrorist threat. It is not a pleasant task but the world needs the cleansing.
Israel’s owns, controls and runs America!! I’m so glad the international community has finally become aware of this, especially the Americans.
America it’s time to reclaim your nation!!
Who cares about nominal amount? How much energy, food and shelter can I get for it.