Kitco News, Released on 7/8/26 (Recorded on 7/7/26)

Dr. Nomi Prins says the forces driving capital into hard assets are accelerating, and the Fed has become the only backstop for U.S. debt. Speaking with Kitco News at the Rule Symposium 2026, the Prinsights Global founder and Permanent Distortion author reaffirmed her call for $6,000 gold by year-end. “Does the United States have a debt crisis? The United States has a Fed,” she said. Prins also pushed back on the market’s read of the new Fed chair: “I think ultimately the Fed will have to reduce rates in order for us to service our debt. I think that Kevin Warsh is waiting for that moment.” She pointed to China cutting its Treasury holdings from $1.3 trillion to $620 billion in favor of gold, and five billion ounces of paper silver trading in the SLV ETF alone against roughly 800 million mined each year, as signs the hard asset supercycle is still early.

00:00 – Welcome and Guest Intro
01:56 – Wall Street’s Shift Into Commodities
03:01 – $6,000 Gold and the Central Bank Supercycle
09:45 – Kevin Warsh: Waiting to Cut Rates?
12:29 – Real Assets Lockout
14:42 – Inside a Moroccan Silver Mine
16:37 – Paper Silver vs Physical Supply
19:15 – De-Dollarization Reality Check
24:00 – How Institutions Really Position
27:32 – Building a Commodity Portfolio
30:55 – Closing Takeaways

Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents’ Bankers: The Hidden Alliances that Drive American Power, Collusion: How Central Bankers Rigged the World and Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever. She publishes articles on her Substack which is called Prinsights. 

  commodities, gold, investing, silver