Kitco News, Released on 5/24/24

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Luke Gromen, founder and president of Forest for the Trees (FFTT), and author of ‘The Mr. X Interviews.’ Gromen says the U.S. dollar is getting repriced, not replaced, while assets like gold and Bitcoin see massive gains. Gromen explains why intentionally weakening the U.S. dollar is the new economic policy and delves into how gold replaces the U.S. Treasuries as the global reserve asset.

00:00 Coming Up
01:05 U.S. Debt, Dollar & Treasury Bonds
06:51 The Mechanics of Dollar Liquidity and Treasury Market Dynamics
11:08 Fed’s Rate Hikes & Their Impact on Inflation
16:20 The Shift in Global Reserve Assets: Gold Over U.S. Treasuries
28:44 De-Dollarization Trends
38:35 Dollar’s Real Value & Mechanics of Repricing the Dollar
41:26 USD & New Economic Policy Direction
49:15 Gold’s Outlook
57:06 Bitcoin’s Place in the Future Financial System
01:09:29 Investment Strategies

Luke Gromen is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003. Luke provides strategic consulting services for corporate executives and is the founder of The Forest For The Trees, LLC, a macro/thematic research firm catering to institutions and individuals.

  bitcoin, federal reserve, gold, investing, luke gromen, us dollar