Huge! The Next Few Months Could Change Everything For Gold & Silver - Martin Armstrong & Luke Gromen

追加: 2026-05-30

[00:00:00]I mean, we have [music] a lot of the biggest institutions in Europe. I warned them, get your gold out. So, they've been moving it to New York and to Singapore. And it's not that it's just my opinion. I'm just looking and say, "Look, historically, what does Europe do?" Europe always always puts in capital control, without exception. They even shut down gold buying and stuff like that before. That's when Russia invaded Afghanistan. It's always really the geopolitical thing, not inflation sort of nonsense. I think it's started.

[00:00:32]I think it's accelerating. Obviously, gold's higher than treasuries and global FX reserves as we speak. That surpassed that last year. I think it's going to continue simply because there's just trust is breaking down. China has that framework completely set up. It continues to boggle my mind that it's like hiding in plain sight. There's a yuan clearing offshore yuan clearing bank in every single major gold hub.

[00:00:55]Gold is rising because trust in the global financial system is breaking down. Martin Armstrong, a geopolitical cycle analyst, and Luke Gromen, a macro strategist, explained that this move is not just about inflation. It is about war risk, capital controls, central bank distrust, and the search for natural money. Armstrong warns that major institutions in Europe are already moving gold to safer hubs like New York and Singapore because Europe has a long history of imposing capital controls during crisis periods. Gromen adds that gold has already overtaken treasuries in global reserve importance, and he expects this trend to continue as confidence in sovereign debt weakens.

[00:01:41]The key prediction is that gold's rise is likely to accelerate if geopolitical tensions worsen. Armstrong explicitly states that the current environment is similar to the late 1970s when geopolitical shocks drove gold prices much higher. Central banks are buying gold aggressively because it offers protection against counterparty risk, reinforcing the prediction that gold's upward momentum could persist if instability increases. Now, we present the clips from the interview. Before we discuss this, please hit the like button, subscribe to the channel, and ring the bell icon. Thank you, and enjoy the video. I think you have to realize that um with all the talk of possible peace, um this is what's been pushing gold up more than anything. Um it's the uh it's really the geopolitical issues.

[00:02:32]It always is. Um you know, you can like I've said before, back in 1980, you know, gold went from 100 to 400 between '76 and December '79. It went from 400 to 875 in the last 6 weeks. That's when Russia invaded Afghanistan. It's always really the geopolitical thing, not inflation sort of uh nonsense. Uh and then gold went down for 19 years from 1980, and the national debt went up for 19 years. So, um it's it's really perceptible. And so, you have central banks that have been buying gold also cuz it's neutral. Um when you have Europe pounding the war drums, um you don't want to buy their debt, honestly, because they lose. You [clears throat] could frame it up. I've got some nice Confederate bonds we framed up. Look very pretty, you know. Um but they're worthless. If you lose the war, it's worthless. Um and then [clears throat] even after that, if you win the war, um there's still hyperinflation, you know, and and stuff cuz governments have spent so much money. It just There's nobody really benefits um from modern wars today. Uh it it's This isn't the ancient times where Alexander the the Great, you know, crosses and and Persia's got the biggest, you know, treasury of gold and silver in the world, you know. Um you know, it's the spoils. Today, is, you know, it's not there. Um, you know, all this nonsense about, "Oh, Russia wants to invade Europe." For what? All right?

[00:03:59]They have no energy. They got to buy it from Russia. They have no, um, >> [clears throat] >> rare earth, no major gold reserves. What are you going to get? All you're going to get is nothing but headaches, turmoil. You're walking in the France and they're going to ask you, "Are you going to pay our our pensions now?"

[00:04:16]That's it. I mean, it's just that the, >> [clears throat] >> um, it's not all the same peep. Um, I mean, we have a lot of the biggest institutions in Europe. I warned them, "Get your gold out." So, they've been >> [clears throat] >> moving it to New York and to Singapore.

[00:04:31]Um, and it's not that it's just my opinion. I'm just looking at it and say, "Look, historically, what does Europe do?" Europe always always puts in capital control, without exception. All right? Um, they even shut down gold buying and stuff like that. Um, so, I've warned them that, like World War II, probably, you know, the the best thing was, um, um, I got Sorry. Got to turn that one off.

[00:04:58]No worries. But, um, >> [clears throat] >> Eric, um, I got a phone for each continent. So, um, but, you know, you have to, you know, that during World War II, you couldn't even buy gold. So, I've warned them that what became the best hedge for European during World War II was US gold stock.

[00:05:16]Trading [clears throat] on US exchange.

[00:05:18]Even World War I, they shut down all the European stock to prevent prevent you from selling any. So, you know, um, and what they have already they've just started phase one of this. Um, last week, they put in, if you're going to travel to Europe or leave, you must report all your bank account. Why? They want to know what you have, where. Are you trying to take money out? Um, I suspect they will probably shut down even Bitcoin, cuz Bitcoin is, um, probably the number one money laundering agent out there. You can buy it one country and sell it in another, goes, you know, no problem. Um, but, you know, they have been pushing for their CBDCs by October. I've said, look, I don't I'm not that optimistic that they could get that through right now. I think maybe by January. And this is where the false flags come in. They need something like that to justify it. Oh, Russians are sending all this money in here to undermine our economy or something, you know, or trying to get money out, whatever. Um, and, um, you know, they did that, France did that when, you know, they put, um, that one cover on the magazine, criticized what have you.

[00:06:29]And then all of a sudden, you know, all money's from terrorists are coming in, this, that, they always use something like that as the excuse. They get a little bit of a pullback in the metals and everything for at least a couple weeks or so, but, um, it depends upon the perception of peace, uh, etc. But, when you look at the stock market, you know, there's more of a risk of a, of a bubble in the AI stock, not necessarily in the blue chip. Um, just watch, you know, if you if you pull up the charts for the last few years, you'll see that that the Dow led the way up. The Dow is where the big institutional money parks.

[00:07:05]They don't buy the IPO stock. But issue is not just price, it is control.

[00:07:11]Armstrong explains that when governments face war, debt pressure, or financial instability, they often restrict capital movement. That is why gold becomes more than an investment, it becomes financial insurance. Gromond points to China's growing gold infrastructure, including offshore yuan clearing banks in major gold hubs. This suggests a long-term shift away from a dollar only system toward a gold linked trade and settlement structure. My commentary is that this is exactly why gold's breakout matters. It is not simply retail demand or short-term speculation. It reflects a global reserve asset in which countries seek assets outside Western political control. If trust continues failing, gold and possibly silver could benefit from a much larger capital rotation.

[00:08:06]Now, let's get back to the interview.

[00:08:07]>> I think I think it's going to start at gold. Um you know, silver because it's needed, uh ultimately it's counterproductive if you really bid up silver. I mean, I think silver's going higher, don't get me wrong. Uh but you half of it half of it's used being industrial use, um you know, it starts to be counterproductive if silver's used as a reserve asset. So, I don't think silver is going to be a reserve asset in any real way. I think it's going to start with gold.

[00:08:29]Um and I think it's I think it's started. I think it's accelerating. Obviously, gold's higher than treasuries and global FX reserves as we speak. Uh that surpassed that last year. I think it's going to continue. Um simply because there's just trust is breaking down.

[00:08:44]Um and if you don't hold it, you don't own it. And the repeated weaponization of the dollar and treasuries and FX reserves, etc. So, I I think it'll start with gold.

[00:08:53]Uh and I think you'll see, you know, trade net settle in gold. I think you'll you know, China has that framework completely set up. It continues to boggle my mind that it's like hiding in plain sight. There's a yuan clearing offshore yuan clearing bank in every single major gold hub. London, Switzerland, Singapore, UAE, Hong Kong, and of course in Shanghai.

[00:09:15]Why? Well, because if China's paying, you know, more with yuan, particularly in commodities, there's going to be commodity producers ending up with some excess yuan, and they're going to need to do something with it other than buy Chinese goods with it, you know, solar panels and batteries and BYD, etc. Um and they're they're recycling into gold.

[00:09:33]You can see it clear as day. If you look at Switzerland's gold exports to Saudi Arabia, it's an astonishing chart, right? So, there's an offshore yuan clearing bank in Switzerland, and Swiss gold exports to China, they're like this over the last 4 years since since we sanctioned Russian FX reserve. Which is interesting cuz I had two different people that don't know each other that are long-time veterans in the oil market say to me, and I quote, "The Saudis were horrified." Quote, "horrified." By the US sanctions of Russian FX.

[00:10:00]And so, now it looks like you've got Saudi net settling some portion of their oil sales in gold. It's just a fact. You know, if you look at the trade flows. If Saudi purchases of gold from so, you know, say Swiss exports of gold from Switzerland to Saudi are like that, some portion of Saudi's gold oil exports are getting settled in gold.

[00:10:18]Why? Well, they're either converting dollars or yuan. It doesn't really matter. You know, it's which Chucky Cheese token you use to buy the gold. It doesn't really matter. But, my point is the Chinese have facilitated to make it very easy to do that. And so, that to me is the road map. I think that's going to continue. I think the Chinese are going to continue that. I think others in Asia will do that. And I think what we're seeing in in, you know, if you call up a chart of, you know, the 2-year Japanese, you know, government bond yield against gold over 5 years, like they're the same chart. You know, Japanese people are very monetarily sophisticated. They're smart people. Like, they know where this is going. They, you know, they did the same math Kyle Bass did on Japan 15 years ago. Like, once it gets to a certain number, they're screwed. There's no way out. So, what do you buy when you buy gold? So, now, Bitcoin I think is ultimately I think going to serve that role as starting with sort of the people, if you will, rather than sort of the officialdom. But, in the short run, it trades as as sort of high beta tech.

[00:11:15]And if rates are going up on high beta tech, not good. Rates are going up on high, you know, on on Bitcoin is not good for now. Now, ultimately, it's really, really good because there's nothing more bullish for a neutral reserve asset than sovereign insolvency.

[00:11:29]But, between here and there is the $64,000 question. My understanding is that the meeting was a much bigger deal, spun as a much bigger deal in the American press by the administration than it was to the Chinese.

[00:11:42]You know, the Chinese, you know, Trump, I didn't realize this till over the weekend, but Trump was just the latest leader of a parade that's gone through there. You've had Starmer, you've had Macron, you've had Merz, um, Trump, you've got literally apparently Trump Trump was like wheels up barely and it was announced that Putin's coming either this week or next week and my understanding is is that meetings in China don't get scheduled like, you know, it wasn't like Xi got off the phone with Trump and called Putin. Like that was already on the books.

[00:12:09]Pakistan is going there as well in the next couple weeks and that I think is noteworthy in that Pakistan is said to be the mediator to this whole thing. So, I'm sure they probably discussed the Iranian situation. I don't think it's as desperate a situation for China as it has been made out here by some people in the US. Not least of which, which is I think everyone and their mother is going, "Okay, we're done with this whole, you know, the US has been around in the Middle East for 25 years.

[00:12:38]Like I don't know what their infatuation is with it, but this is nonsense. We're moving We're moving away from it and we're going to move to more EV or you know, EV, solar, battery, like get away from fossil fuels. And who's that benefit? China. Plays right into Chinese hands. Nobody has the supply chain in EV, batteries, solar that China does.

[00:13:00]So, when you're up like, "Fine, you want to try to choke us out? Great." They pick up the phone, they call China and you know, I wouldn't be surprised to see some massive trade deals around, you know, solar EV battery stuff into Europe. You know, they can figure out the latency issues and the intermittency issues, not latency, but intermittency issues around, you know, EV or around Sorry, solar and battery storage and balancing out grids.

[00:13:24]Like it's that's, you know, that's just an engineering problem and that engineering problem's getting much, much easier to your point earlier about AI.

[00:13:30]You know, you you plug those problems into AI and and let it run and it'll figure it out much faster than it used to, right? Then it's just a matter of pick up the phone, call China, say we need this many solar panels, we need this many batteries, we need this many, you know, transformers, you know, and here, you know, we'll sell you a bunch of airbus jets or whatever the hell's on the other side of it, whatever. Um and I think you're going to see that around the world. I think, you know, India.

[00:13:54]India's got a a fossil fuel problem, okay? So much so that they're talking about cutting fuel, you know, and Modi, right, got on the uh got got on the on the wires last week and said, "Hey, please stop buying so much fuel and and please stop buying gold." Which are their two biggest import issues putting them into a trade deficit. Well, you can fix your oil thing really quickly. You know, ring, ring, "Hey, China, we want to buy a bunch of, you know, solar and battery stuff from you. And we're going to mandate, you know, that that India go 80% EV or something, like now." Okay, great. Where are they going to buy the EVs from? I'll give you two two two guesses. First one doesn't count. They're going to call China. No one else has the has the manufacturing capacity. And oh, by the way, you know, the BYD et cetera's of the world are so dirt cheap, no one else can make them that cheap. So, I'm coming around to the view that, contrary to this, you know, the initial view in the West that, "Oh, we've choked off China's oil." I think all we've done is like pushed the world into China's arms as it relates to the entire EV / solar / uh you know, battery um grid dynamic. And so, I'm not sure China's in a great hurry to open this thing. Number one. Um and I think that might have been a bit of a miscalculation in the West. Now, China's not the economy's like just treading water. So, this just, you know, this just sort of keeps them afloat. But again, it keeps them afloat. The most important takeaway is that gold is being revalued by fear, politics, and distrust. Armstrong argues that history shows geopolitical shocks often create the most violent moves in gold, not nominal inflation cycles. Grommet agrees that the reserve system is changing because treasuries no longer offer the same natural safety they once did. The prediction is not a specific price target, but it is clear gold is likely to trend higher as governments, central banks, and institutions position for instability. If Europe experiences further conflict, capital controls are reintroduced, or China accelerates its gold settlement network, upward pressure on gold prices could increase. If Europe experiences further conflict, capital controls are reintroduced. For silver, the same logic applies because it often tracks gold when monetary and hard asset demand expand. But gold remains the central signal because it is the reserve asset central banks trust when paper promises lose credibility. This interview shows why gold is no longer just a commodity trade. It is becoming a warning sign for the entire financial system. Share your thought about this interview in the comment section below.

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