Gold To Surge Past $3,000: Mike McGlone Warns of Terrifying Implications Ahead

7 days ago
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2024 shattered records across financial markets, with gold soaring past $3,000 and Bitcoin breaking $100,000. What’s next for 2025? In this exclusive Kitco News interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, delivers expert insights on the future of gold, Bitcoin, and the broader macroeconomic environment.

McGlone breaks down the drivers behind gold’s unprecedented surge and the implications of central banks’ aggressive rate cuts. He also examines Bitcoin’s meteoric rise, discussing whether its momentum will continue or if a major correction is looming.

This in-depth analysis covers critical risks for 2025, including stagflation, de-dollarization, and geopolitical instability. McGlone offers actionable strategies for investors navigating an uncertain economic landscape and explores how these market trends could shape the financial world.

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00:00 Introduction
01:48 Gold vs. Bitcoin: The Competition
02:29 Gold ETFs and Market Trends
04:25 Geopolitical Influences on Gold
05:50 Bitcoin's Market Dynamics
08:05 Macro Outlook and Predictions
16:46 Gold Price Scenarios for 2025
18:45 Historical Trends and Market Volatility
19:13 Gold and S&P 500: A Century-Long Comparison
19:41 Silver's Performance and Industrial Correlation
20:10 China's Influence on Industrial Metals
23:10 Base Metals Outlook for 2025
24:45 The Next Big Trade: U.S. Treasury Long Bonds
26:32 Top Risks for 2025
29:01 Commodity Plays and Predictions for 2025
32:42 Deflationary Forces and Technological Advancements
34:12 Conclusion

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