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Graham Summers: Will the US Revalue Gold in 2026?
Tom welcomes Graham Summers, President and Chief Market Strategist for Phoenix Capital Research, to discuss the potential for a revaluation of gold by the U.S. government. Summers argues that the U.S. has been living in an “everything bubble” since the abandonment of the gold standard in 1971, with debt levels rising exponentially while GDP growth has stagnated. This has led to a series of asset bubbles, with the most recent being in treasuries, which has allowed the U.S. to issue vast amounts of debt without facing spikes in interest rates. Summers believes that the Trump administration is…
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