Video News/In Focus with Jeremy Szafron

Frank Giustra, CEO of the Fiore Group, says the recent gold selloff is being misread because the structural buyers behind the bull market did not leave. Speaking with Kitco News anchor Jeremy Szafron, Giustra said central banks and other long-term buyers remained in place while speculators and weaker holders were forced out of the trade. Giustra argued that gold is trading in a new regime shaped by de-dollarization, central bank accumulation, and declining confidence in U.S. fiscal stability. He discussed the debt trap, Ferguson’s Law, the risk of a dollar crisis, and the role of China’s mBridge system and new gold vaults in building alternative settlement channels. Giustra also outlined the structural copper deficit and said physical gold remains central to long-term savings protection.