Liberty and Finance, Released on 2/10/25

Craig Hemke discusses the recent surge in gold prices, now approaching $3,000 per ounce, and the potential reasons behind this rally. Hemke questions whether the tariffs and the return of gold from London vaults are the true drivers of the price increase, suggesting that there may be deeper, more significant factors at play, such as institutional demand and a lack of confidence in the system. He also explores the idea that central banks and government institutions might be preparing for a potential shift in monetary policy, including monetizing gold to help stabilize the fiscal situation. Hemke emphasizes the tightness in the gold market, pointing to widening spreads and increasing borrowing costs as signs of a potential shortage.

0:00 Intro
1:44 $2900 gold
4:00 London & COMEX vaults
15:41 Monetizing gold
21:20 TF Metals Report
23:31 Weekly specials

Known primarily by his nickname “Turd Ferguson,” Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.

  Craig Hemke, gold, precious metals, silver