Video News/In Focus with Jeremy Szafron
Why governments will never let physical gold be money again | Saifedean Ammous
The math of the 2026 economy is reaching a breaking point. Economist and author Saifedean Ammous joins Kitco News Anchor Jeremy Szafron to expose the structural fractures currently paralyzing the global financial system. From the government’s refusal to audit Fort Knox to the "Paper Trap" that prevents physical gold from ever returning as a true medium of exchange, this interview reveals why the rules of the game have fundamentally changed. Ammous breaks down why the 10-year Treasury yield hitting 4.5% is the ultimate "trigger" for the war machine and why your traditional S&P 500 portfolio is effectively a "melting ice cube" in an era of rapid debasement. We dive into the uncomfortable truth about stablecoins "bailing out" the Federal Reserve and why the banking monopoly has successfully neutralized gold's monetary role for over a century. Whether you are protecting your wealth with physical metals or institutional Bitcoin, this conversation provides the raw, data-driven roadmap for the monetary endgame.
Guests: Saifedean Ammous
Source: Kitco News
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