Jaime Carrasco: The Fed Can’t Stop What’s Coming | Why Gold is Headed to $25,000

The Competent Investor · Oct 9, 2026 · 41m

Jaime Carrasco, Senior Portfolio Manager at Harbourfront Wealth Management, argues that rising global interest rates signal a deepening credit crisis rather than a healthy economy, likening the situation to water overwhelming the Titanic. He views the current pullback in gold prices not as a weakness but as a strategic opportunity to build positions, emphasizing that central banks continue to accumulate physical gold as a hedge against the ongoing debasement of fiat currencies.

Carrasco contends that the real problem is not assets becoming more valuable but the purchasing power of money…