Video News/PDAC 2026

Willem Middelkoop says the global monetary transition is already underway. Speaking with Kitco News at PDAC 2026 on March 02, 2026, the Founder and CEO of Commodity Discovery Fund reiterated his long-term silver thesis. “It was 2021 when I called for $100 silver,” he said. “Now I'm calling for $500 silver.” He pointed to historical precedent, noting the gold-silver ratio “traditionally has been one in 10 for over 2000 years,” while adding that “silver production in Peru is down 40% over the last five years.” Middelkoop argued that the structural shift extends beyond price targets. “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,” which he believes could accelerate a broader monetary revaluation. Despite recent gains in gold and mining equities, he maintains the cycle is far from complete.