Video News/In Focus with Jeremy Szafron

Willem Middelkoop, Founder and CEO of the Commodity Discovery Fund and author of The Big Reset, says the monetary reset is already underway through changes in central bank accounting, reserve management, and physical gold flows. Speaking with Kitco News anchor Jeremy Szafron, Middelkoop argued that China has become a dominant force in the gold market as it continues to accumulate physical metal while Western markets remain focused on paper trading. Middelkoop said both Washington and Beijing may have reasons to prefer lower gold prices in the near term, even as gold gains importance relative to U.S. Treasuries in global reserves. He also discussed hidden state buying, the shift of price discovery toward Shanghai, Hong Kong clearing, mBridge, and the potential use of gold in trade settlement. Middelkoop said tight supply conditions in silver and other metals could support a broader repricing, while mining equities remain highly leveraged to the next phase of the cycle.