Video News/In Focus with Jeremy Szafron

Gold and silver are at record highs, but Scottsdale Mint CEO Josh Phair says this rally is far from over. “We’re in a metal war,” he tells Kitco News. “Whoever controls the metal will win the energy, AI, and military race.” Phair explains how nations are repatriating gold, refineries are backlogged for months, and silver is being flown across the Atlantic as global supply chains strain under pressure. He warns that the physical market is breaking apart, with trade now splitting between the West and the BRICS bloc. Phair believes gold’s fair value could exceed $30,000 as the world shifts toward hard assets and away from paper promises.