macroeconomic forces and Fed policy drive gold markets
📈 See how Alan Hibbard's thesis changed over time →Preview how this speaker shows up across market transcripts. Unlock the full archive, AI chat, and the version personalized to your watchlist, followed channels, and favorite speakers.
Alan Hibbard appears as a GoldSilver-affiliated precious-metals commentator and educator. In the supplied material, he is tied to a sound-money / monetary-history frame, discussing gold, silver, copper, and mining as part of a broader macro thesis. The resolved identity links (his website and X account) suggest he maintains a public professional presence around this work, but the transcript evidence here is limited to GoldSilver-hosted clips rather than a wide range of independent appearances.
Hibbard’s recurring economic worldview is hard-money, anti-debasement, and supply-scarcity oriented. He repeatedly treats gold and silver as monetary hedges against fiat deterioration, emphasizes debt as the core macro problem, and sees central-bank buying, geopolitical fragmentation, and supply-chain reshoring as evidence that the monetary system is shifting toward tangible assets. He also frames mining and base metals as strategically important real assets whose long development timelines and underinvestment can drive large cyclical upside. Overall, he appears to favor Austrian-leaning scarcity economics, skepticism toward fiat currency durability, and long-term positioning in metals and resource producers over paper assets.
Every analyzed appearance we have for this speaker, newest first. Open any transcript preview to read the underlying transcript.
Preview:David Morgan of the Morgan Report sits down with host Maggie Lake to argue that silver's biggest move is still ahead despite a brutal correction from $121 to below $60. He frames the selloff as a classic bull-market shakeout, cites structural supply deficits and expanding investment demand, and discusses central bank gold buying, the weaponized dollar, options-driven manipulation, and why miners haven't yet delivered the leverage they historically provide. His base case: gold and silver are in a buying zone with downside risk to ~$50 silver / $3,500 gold, and the biggest miner gains come late-cycle.
Preview:The speaker argues that modern investing is less about maximizing returns and more about escaping the anxiety created by inflationary money. He contrasts a pre-Fed era of falling prices and rising real wages with the post-gold-standard world, then concludes that gold is the cleanest way to preserve purchasing power and restore financial peace of mind.
Preview:The video argues that Kevin Warsh’s plan to shrink the Fed balance sheet, normalize policy, and restore credibility will be constrained by U.S. fiscal dominance and already-tightening bond markets. The speaker says markets are effectively forcing higher yields and less room for rate cuts, and concludes that persistent inflation makes gold and silver the intended hedge.
Preview:Central banks bought a net 244 tons of gold in Q1 2026 despite all-time high prices — purchases actually ticked higher quarter-over-quarter, year-over-year, and above the 5-year average. The speaker (Mike Maloney's channel, GoldSilver) breaks down the World Gold Council data: Poland, Uzbekistan, and China led buying; Turkey and Russia sold but the sales were partly swaps and were more than offset. He argues this signals central banks are losing faith in fiat currencies and that gold's purchasing power doubled vs. the USD in one year. He frames current central bank behavior as exceeding the post-2008 GFC response, implying the perceived crisis is worse now.
Preview:Alan Hibbard presents a counterintuitive thesis: since the Iran war began ~10 weeks ago, gold has sold off on every escalation and rallied on every peace rumor — a "peace premium" replacing the traditional war premium. He argues this inversion stems from US fiscal dominance: high debt-to-GDP (~121%+) means the US desperately needs lower rates, which requires low inflation, which requires low oil prices, which requires peace. Peace → lower real rates → higher gold. War → oil spikes → inflation fears → rate expectations rise → gold sells off. For long-term investors, he views the war as noise; the structural gold thesis (central bank buying, fiat distrust, deficits) remains intact, making dips a buying opportunity.
Preview:Mike Maloney of GoldSilver unpacks Kenneth Rogoff's claim that the Chinese yuan will become a global reserve currency within five years. He emphasizes that Rogoff is predicting the yuan will become *a* reserve currency — not *the* dominant one — in a gradually emerging multi-polar currency system. Using a decades-long chart of declining USD reserve share, Maloney argues the dollar will face persistent selling pressure and imported inflation as overseas dollars return home, and he frames China's currency ambitions as a deliberate, gold-backed, long-term strategy. The core message: get out of depreciating dollars and into harder assets.
Preview:Mike Maloney of GoldSilver argues that US households are dangerously over-allocated to equities (52% of financial assets, an all-time high), the Buffett indicator is at a record 232%, and the S&P 500's rapid recovery to new all-time highs during an ongoing war is suspicious. His core thesis: gold has dramatically outperformed stocks since 2002, the Dow-gold ratio is cycling toward a secular precious metals bull era (the fourth such signal in 100 years), and gold should continue to beat stocks — potentially by a factor of 5-10x over the coming years as the ratio reverts toward 1:1.
Preview:The speaker (Alan Hibbard of GoldSilver) presents a bullish silver thesis grounded in three elements: (1) a daily chart showing silver consolidating above $80 after a leveraged blow-off top in January 2026, with a support line suggesting sub-$80 is a bargain; (2) record-breaking monthly consecutive higher closes (10 months, unprecedented in silver's history) and a live streak of 5 quarterly higher closes; (3) COMEX inventory data showing ~200 million ounces net withdrawn since mid-2025 at a pace that could deplete the warehouse in ~13 months. He also cites a Bank of America forecast (via Michael Whitmer) of $39–$135/oz by end-2026 and offers his own personal target of ~$170/oz, suggesting $200–$300 is possible.
Preview:Gold's entire 56-year return (~9.1% annually) collapses to roughly CPI or zero if you miss just the best 1-2 trading days each year. The speaker argues that gold's best and worst days cluster closely together — often back-to-back — making market timing futile. The core prescription: buy and hold; don't try to jump in and out.
Preview:Mike Maloney of GoldSilver summarizes a Wealthon interview with Joe Cavatoni (World Gold Council), extracting key insights on why central banks are accumulating gold: declining trust in fiat currencies (especially USD and EUR), geopolitical risks, sanctions concerns, and the need for liquid reserve assets. Cavatoni views gold's recent correction as healthy after an unsustainable 30% run-up, expects a slow gradual bull market, and identifies the bear case as a scenario where major central banks are forced to sell gold — which he'd consider the buying opportunity of a lifetime. Maloney adds his own views on tribe psychology as the real barrier to gold ownership.
Preview:The speaker examines a viral chart showing gold reserves cover just 3% of US federal debt (vs. 18% in 1980 and 50%+ in the 1940s), which would imply gold at $26,000–$75,000/oz to match historical ratios. He argues those specific targets are a logical fallacy — a country with zero gold (e.g., Canada) would imply an infinite gold price — but the underlying debt trajectory IS genuinely alarming. He walks through five government responses (financial repression, fiscal tightening, growth, monetary intervention, disorderly outcomes) and concludes gold wins in every scenario except an improbable combination of disciplined spending plus non-inflationary growth.
Preview:Samantha from GoldSilver frames recent metals volatility around five numbers: zero (Hormuz shipping halted), $110 oil, $39T US debt with $1T+ annual interest, 4.28% Treasury yields staying elevated despite crisis, and gold's pullback from all-time highs. Her core thesis: the long-term case for gold as savings/insurance remains intact, driven by supply-chain disruption, sticky inflation preventing rate cuts, unsustainable debt that incentivizes currency creation, and eroding confidence in US debt as a safe haven. She advises gradual accumulation — not timing — and framing gold as wealth held outside the system.
Preview:Gold dropped 17% in three weeks and suffered its worst single week in ~46 years amid the Iran war. Mike Maloney argues this is a liquidity-driven forced deleveraging event — not a thesis break. He walks through the top 10 worst weeks in gold's history and concludes that bad weeks don't change the underlying trend: bull markets keep bulling, bear markets keep bearing. Short-term, gold becomes a source of liquidity as margin-stressed funds sell what they can, not what they want. Long-term, the war, energy shock, and inflation are fundamentally bullish. His framework: days = sell signal, years = buy signal, months = dangerous no-man's-land where holding is safest. He expects a recovery within months and the bull trend to resume.
Preview:The speaker debunks three common assumptions about COMEX silver: that deliveries reduce registered inventory, that registered stock changes drive silver prices, and that deliveries themselves affect price. Using a 25-year chart, he argues registered silver and silver price have near-zero correlation. He reframes delivery as a warrant transfer (paper, not physical), and locates true price discovery in futures trading, not in vault logistics or settlement.
Preview:Gold is historically under-owned — average portfolio managers hold only ~2% in gold despite the metal's record rally. Mike Maloney argues that even a modest reallocation from overstretched equities (households at ~45-49% equity allocation, above the dot-com peak) into gold could drive prices parabolically higher. He cites JP Morgan modeling that a rise in household gold allocation from ~3% to ~4.6% could send gold to $8,000-$8,500, though Maloney thinks the move would be far larger given gold's parabolic price behavior. Historical market-cap ratio charts going back to 1900 suggest gold is merely at average relative to equities — well below prior secular peaks — implying a multi-year gold outperformance cycle ahead. Structural factors (debt, deficits, sanctions, deglobalization, flat gold production) reinforce the bull case.
Preview:The speaker analyzes silver's pattern of weekly all-time highs, arguing the current bull market is in its earliest stages. He draws analogies to the 1970s clusters of consecutive weekly all-time highs and explores a scenario where silver repeats 1979's final-year 8x rally — implying a potential rise to ~$446 by late 2026. He dismisses the idea that the bull market is over and leans toward a multi-year continuation rather than a one-year blow-off top.
Preview:The speaker examines viral claims that massive open interest in December 2026 $15,000–$20,000 gold call spreads on COMEX signals insider front-running of a gold revaluation to $20,000/oz. He walks through the trade mechanics, the $5.5B potential payoff vs $3.3M cost, and then systematically argues against the insider thesis, pointing to matching put volume, lack of trade diversification, and absence of corroborating signals in other markets. He concludes the position is more likely a hedge fund's cheap tail-risk insurance or lottery ticket. The video is a structured debunking of a viral narrative, not a bullish call.
Preview:The speaker analyzes gold's new weekly closing high above $5,000, compares current patterns to the 1970s bull market, and projects — with heavy caveats — that if the final 65-week analog holds, gold could reach ~$15,000/oz by January 2027.
Preview:Retail investors just poured a record $48B into US equities over 21 days at all-time highs, surpassing even the April 2025 crash peak. The speaker argues this mirrors the classic retail pattern of buying high and selling low — the same behavior seen before the 2022 bear market. Household equity allocation has hit ~47% of financial assets, exceeding the dot-com bubble peak of 40%. The core warning: when retail is all-in at the top and smart money is exiting, the marginal buyer is running out. The speaker urges viewers to be contrarian, leave emotion at the door, and recognize that comfort in popular assets is the enemy of real portfolio growth.
Preview:The speaker debunks viral claims that COMEX faces an imminent silver default in March 2026 due to low inventories. He argues the 98% February delivery rate is based on a denominator error (confusing a snapshot of open interest with the flow of delivery-eligible contracts), that February (a minor "destination" month) is not comparable to March (a major month with different participant behavior), and that COMEX deliveries transfer warehouse receipts, not physical metal. He estimates default probability at ~0.001% and argues a COMEX break would be bad for silver holders, not a windfall.
Preview:Silver's extreme 17% single-day drop sparked manipulation claims, but the speaker argues silver's volatility is structural — driven by six factors: a small investable float, byproduct supply rigidity, price-inelastic industrial demand, heavy leverage in futures, stop-loss cascades, and silver's dual identity as both metal and money. The video sets up a future discussion on manipulation, but this installment stays focused on mechanics, not malfeasance.
Preview:Silver's recent record volatility and sigma-6/10 events are not signs of market breakdown — they are exactly what silver's empirical return distribution predicts. The speaker argues that normal-distribution models are the wrong lens; silver's actual daily returns since 1970 show fat tails where extreme moves occur ~1,000× more often than normal models predict (once every ~19 months vs. once every 2 million years). This volatility clusters during repricing episodes and is a feature of bull runs, not an invalidation signal. The underlying five-trend thesis (structural deficit, sovereign demand, backwardation, loose monetary policy, volatility itself) remains intact.
Preview:Alan Hibbard argues that the dollar is structurally weakening, that a new monetary regime is already in motion, and that gold is the most likely asset to play an official role in that system. He rejects silver and Bitcoin as the backbone for that role, while still expressing strong personal support for Bitcoin as an investment.
Preview:A farewell interview between Alan (host) and Mike Maloney, the founder of GoldSilver, who announces he's taking a year off from making videos to focus on treating his prostate cancer. The conversation is largely personal and retrospective: Mike shares his diagnosis, the alternative therapy he designed, emotional viewer comments about how his educational work changed lives, and the mission statement that has driven GoldSilver. Alan reads the email he sent Mike seven years ago that launched their working relationship and affirms he'll continue the mission. Market content is near-zero — the video is an emotional founder transition, not a market analysis.
Preview:A Wealthion interview with Alan Hibbard argues that dollars are currency, not savings, and that real savings means preserving energy in hard money like gold and silver, with Bitcoin as a qualified digital counterpart. The conversation builds a framework around 12 properties of money, entropy, the money/currency split, and why a future monetary reset is likely to involve gold rather than Bitcoin.
Preview:The speaker presents a bullish gold thesis for 2026, arguing that demand has surged 62% above the long-term average while mine supply grows only 1–2% per year. He overlays the current bull run on the 1970s pattern, suggesting gold could approach $8,712 before end-2026, and says 2026 could be a stronger year than 2025's 64% return. Three demand pillars — central bank buying (1,000+ tons/year since 2022), ETF inflows at crisis levels, and bar/coin demand — are analyzed. The speaker calls a gold doubling "within historical precedent" but stops short of betting on it.
Preview:The speaker argues that silver's bull run is not in a blowoff top but still accelerating, contrasting precious metals' price dynamics (biggest moves come late) with stocks (biggest moves come early). Using historical analogs from the 1970s bull market, he projects silver could reach ~$492/oz by end of 2026 if it matches the same return trajectory as 1979. Gold and silver are both near milestone levels ($100 and $5,000 respectively), and he frames metals as rising when trust in fiat erodes, with repricing happening at "the speed of collective realization."
Preview:The DOJ criminal investigation into Fed Chair Powell over building renovation testimony is a pretext to strongarm the Fed into cutting rates ahead of massive government debt rollovers. Whether rates stay high (worsening fiscal situation) or get cut (more negative real rates), both outcomes are bullish for gold and silver. The investigation will likely drag past Powell's term ending in May, then fade without charges.
Preview:A White House proclamation declares processed critical minerals — including silver — a national security issue due to import reliance and lack of domestic processing capacity. The speaker walks through the proclamation's findings (100% import reliance for 12 minerals, 69% for silver, growing demand from AI/data centers/nuclear, price volatility) and its proposed remedy: negotiations with price floors that could create an upward bidding spiral. The profit thesis is simple — buy physical silver before the government bids up the price.
Preview:A GoldSilver presenter lays out five bullish reasons for silver in 2026: a persistent structural deficit, rising sovereign demand from the US/Russia/China, a rare deep backwardation in the futures curve (steepest since 1980), the Fed ending quantitative tightening and likely returning to loose policy, and extreme price volatility including a record $9+ premium in Shanghai over COMEX. He flags a technical cup-and-handle pattern targeting ~$400/oz long-term but does not commit to timing. The tone is promotional and conviction-heavy throughout.
Preview:Mike and Allan of GoldSilver present a detailed walkthrough of Michael W. Green's Substack article arguing that the official US poverty line (~$31K for a family of four) is catastrophically broken. Because the formula (3× minimum food budget) was built in 1963 when food was ~33% of household spending — versus 5–7% today — updating the multiplier to reflect modern costs yields a real poverty line of $130K–$150K. They detail the "valley of death": a benefit-cliff trap where earning $40K→$100K makes families poorer after losing Medicaid, SNAP, and childcare subsidies. The core thesis is that the American middle class is being cannibalized by a system that rewards destitution or wealth, and that this all traces back to fiat currency and government intervention. Gold is presented as the escape — measured in gold, housing costs decline over time.
Preview:Alan Hibbard pushes back on viral tweets claiming the US arrest of Venezuela's Maduro was a silver acquisition play. He argues the real significance is for gold — not silver — framing the situation as about "regime certainty" where the US seeks to control gold flows, oil, and payment networks to enforce sanctions. He uses Executive Order 13850 and OECD documents to show the US explicitly targeted Venezuela's gold sector as corrupt, while silver barely registers in Venezuela's mineral deposits.
Preview:Mike Maloney argues the popular narrative that the Hunt brothers cornered the silver market in 1980 is wrong. He contends they were scapegoats: regulators (with Fed chair Paul Volcker's involvement) imposed draconian rules — including "liquidation orders only" — to crush silver and thereby cap gold, which was threatening the US dollar. Jeff Christian estimated the Hunts added at most 50-75 cents to silver's price; the real driver was public rotation from gold to silver. A Goldman Sachs analyst's chart labeling the 1980 spike as "Hunt brothers corner the silver market" is, Maloney says, evidence that Wall Street perpetuates a myth.
Preview:Alan Hibbard explains his personal framework for "getting rich" — defined not by millionaire status but by autonomy and time freedom. He outlines why he views fiat currency as a government extraction mechanism that steals value through inflation, why he sold all stocks and bonds, and why he holds only gold, silver, and Bitcoin as money (savings) while seeking investments that compound those assets. He introduces wealth cycles via the Dow/Gold ratio to argue stocks are overvalued relative to gold, and frames the difference between price and value as the core lesson of the series.
Preview:Mike Maloney and Alan Hibbard present data showing the Barron's Gold Mining Index has dramatically underperformed physical gold over the long term — losing ~89% against gold since 1971 while gold itself gained ~98x. They argue miners are a dangerous bet unless specific conditions are met: use only gambling money, get professional help, and time entries carefully during brief windows of outperformance.
Preview:Mike Maloney and Alan Hibbard react to a JustDario X post arguing that industrial silver buyers cannot be forced into cash settlements — they need physical metal for solar panels, EVs, and semiconductors. Maloney sharpens the point: silver isn't just "needed," it's "required" because alternatives (gold, platinum, palladium) would only become viable at a 1:1 gold-silver ratio. The core thesis: if COMEX fails to deliver and cash settlements are forced, the physical market decouples from paper, crushing financial institutions while rewarding physical holders.
Preview:Alan Hibbard (GoldSilver.com) sits down with Steve Barton at the 2025 New Orleans Investment Conference to lay out a hyper-bullish silver thesis. He argues that every lens — supply, demand, recession, expansion, industrial use, monetary demand — now points in the same direction for silver. A five-year structural deficit, breaking paper-market suppression, and what looks like a short squeeze set up a "vertical" price move. He also frames gold within a coming global monetary reset (a new Bretton Woods-style system within Trump's term), explains his intrinsic vs. extrinsic value framework, and positions silver as his most exciting asset over the next 1–4 years.
Preview:Alan Hibbard of GoldSilver.com argues precious metals are in a physical supply squeeze driven by central bank buying, institutional demand, and now retail involvement — all chasing shrinking above-ground metal. He sees gold/silver prices heading exponentially higher ("double, triple, quadruple") and assigns a 30-40% probability to a new gold standard within 3-4 years under the Trump administration, citing Treasury Secretary Bessent's comments. The conversation is light on data and heavy on narrative; Hibbard candidly admits he cannot quantify manipulation or explain Saudi Arabia's ETF choice. Host Ivan probes on spoofing, the Saudi silver ETF purchase, and investment advice for newcomers.
Preview:This interview argues that the U.S. is already pursuing a weaker-dollar path to support reindustrialization, while gold is being reintegrated into the monetary system and Bitcoin is increasingly part of the same broader monetary reset. The guest sees these as signs of a coming shift away from pure fiat toward some form of sound money, with central banks, policymakers, and private actors all positioning ahead of it.
Preview:The transcript is a silver bull case wrapped in a tactical caution. The speakers argue that silver’s macro backdrop remains strongly bullish because of debasement fears, structural supply deficits, and growing industrial demand, but they also warn that after the recent breakout and all-time highs, a short-term pullback to better entry levels is plausible before the next leg higher.
Preview:A Wealthion roundtable pits gold against Bitcoin as parallel debasement hedges, with both guests arguing that weak fiat, heavy debt, and a softer dollar are the core drivers of the move. Trey Reik leans harder into gold’s institutional role and sees the current environment as supportive of much higher prices, while Alan Hibbard argues Bitcoin and gold share a similar money function but differ sharply on safe-haven maturity, volatility, and likely adoption path.
Preview:Alan Hibbard (GoldSilver co-host) makes a fiercely bullish silver case: a five-year structural supply deficit meets surging industrial demand (EVs, solar, electronics), and investor rediscovery of silver-as-money is only just beginning. He draws a direct analogy to the 1979 8x move and sees triple-digit silver within 2–3 years, with $300–$600 possible. Mining stocks are the lagging third phase of the bull market. He also discusses Bitcoin as "digital gold," portfolio allocation by age/risk, and the case for physical vs. ETF/paper exposure.
Preview:Mike Maloney and Alan Hibbard analyze the feasibility of the US government revaluing its gold reserves to address the $36T national debt. Using a spreadsheet model, they show that to meaningfully reduce the debt-to-GDP ratio (currently ~120%) down to sustainable levels (77-90%), gold would need to be revalued to absurd prices — $34,000/oz to hit 90%, $49,000/oz for 77%, and $86,000/oz just to return to pre-GFC 2007 levels. To halve interest payments to pre-COVID levels requires $64,000/oz gold. Their conclusion: gold revaluation cannot solve the US fiscal problem; the numbers are so extreme that a monetary system implosion is the only path.
Preview:Mike Maloney and Alan Hibbard fact-check a Motley Fool article titled "Millions of Americans Are Falling Into the Gold Trap," exposing it as a cherry-picked, emotionally manipulative advertisement for the Fool's stock-picking service. They show that the article cherry-picks two gold market tops (1980 and 2011) to paint gold as dead weight, while ignoring gold's massive bull runs. The climax: over the exact same 2002–2025 period the Fool cites for its 1,007% return, gold actually returned ~1,000% — virtually matching their flagship service with zero counterparty risk and zero time commitment.
Preview:Mike Maloney and Alan Hibbard walk through key charts from the Incrementum "In Gold We Trust" report to argue gold's bull market is still early. They highlight the pattern of accelerating all-time highs, diverging ETF flows (Western retail absent while Eastern/central bank buying dominates), and Scott Bessent's statements hinting at a new Bretton Woods-style monetary revaluation. Maloney calculates ~$9,000–$10,000/oz to fully back US currency in circulation at historical ratios, and suggests free-market overshoot is likely. The core thesis: the monetary demand phase — fear-driven, not greed-driven — hasn't even begun.
Preview:Mike Maloney and Alan Hibbard of GoldSilver discuss viewer questions about silver. The core thesis: silver is in a multi-year structural deficit, severely undervalued by historical measures, and poised for a massive breakout — potentially to triple digits ($200+) or higher — driven by industrial demand (solar, EVs, electronics) plus the near-certainty of a future financial crisis that will trigger monetary safe-haven buying. They use inflation-adjusted valuation channels (CPI, Shadow Stats CPI, M2) to argue silver is near historic lows relative to money supply, and that the retail public's current disinterest signals we are far from a bubble top.
Preview:Alan Hibbard fact-checks a viral tweet thread about a silver market squeeze, walking through COMEX delivery data, LBMA free-float estimates, silver lease rates, and a China Panda coin anecdote. He finds the overall squeeze narrative directionally plausible but identifies several misstated or unverifiable numbers in the original tweets — notably the "2 million ounces per day" delivery claim and the Panda coin price.
Preview:Mike Maloney and Alan Hibbard discuss the US imposing a 39% tariff on Swiss 1kg and 100oz gold bars, which sparked a spike in gold futures to a record ~$3,534. They explore the disruption to bullion trade flows, the uncertainty around whether the tariff will stick (a WSJ report suggests an executive order may clarify/remove it), and the broader systemic risks of tariff whiplash on a fragile, overleveraged global financial system. The core thesis: this is dangerous monkeying with a tier-1 central bank asset that could trigger a liquidity or leverage crisis akin to 2008 — and gold/silver holders benefit if it does.
Preview:Mike Maloney and Alan Hibbard respond to a viewer question about whether high silver prices would quickly unlock new supply and cap further gains. They argue supply cannot respond quickly: AISC is ~$27/oz, most silver is a byproduct of base metals mining, new mines take 10-20 years, the workforce is aging out with few replacements, and mining-engineering graduates are vanishingly rare. The thesis: a structural deficit plus inelastic supply guarantees a giant price overshoot to "mid triple digits."
Preview:Mike Maloney and Alan Hibbard discuss a viral chart arguing gold's current bull market will end with a monetary system reset rather than a bubble — gold will be revalued and pinned at a high price by a new gold-backed system. Maloney partially agrees but insists there will still be an economic bubble phase where gold becomes overvalued relative to other assets. Hibbard overlays the 1970s gold bull market onto the current one (since ~2000), suggesting a vertical move to ~$9,000/oz is coming if the fractal repeats.
Preview:Alan Hibbard examines why US homes are at their most unaffordable level in history. After ruling out home-size growth, buyer/seller imbalances, and buyer age as causes, he traces the problem to monetary debasement since the dollar's decoupling from gold in 1971. He shows that M2 money supply expansion closely tracks home prices, and that mortgage rates are manipulated by the Fed rather than set by a free market. His core prescription: holding gold makes houses steadily cheaper in real terms, with monthly mortgage payments now near all-time lows when measured in gold ounces.
Preview:Mike Maloney and Alan Hibbard discuss Russia's plan to launch gold trading on the St. Petersburg exchange by year-end, framing it as a challenge to London's price-setting dominance and a step toward de-dollarization. They cover surging Chinese gold ETF demand, central banks increasingly buying gold directly from domestic miners (a practice that doubled year-over-year per WGC survey data), and the BRICS summit's push for national-currency transactions. Trump's retaliatory 10% tariff on BRICS countries is criticized as self-defeating. The overarching thesis: gold is benefiting from a structural east-west decoupling, and more global price-discovery participants make manipulation harder.
Preview:Alan Hibbard presents an Excel-based portfolio analysis tool exploring the optimal gold and silver allocation. He demonstrates that adding gold to a stock/bond portfolio generally improves risk-adjusted returns, with 25% gold emerging as a reasonable starting point. He then analyzes Mike Maloney's aggressive 75% silver / 25% gold portfolio, showing it performed extraordinarily in bull markets like the 1970s (42% annualized) but would be volatile and era-dependent. The video is educational, not advisory, and promotes GoldSilver's insider program.
Preview:Mike Maloney and Alan Hibbard present a bearish case on the US stock market, arguing it is in an unsustainable bubble. Using Dow Theory non-confirmations, the Buffett indicator at a record 205%, record-low breadth at all-time highs, surging bankruptcies, and extreme margin debt, they warn of a potential 1929-style crash. The presentation is data-heavy but one-sided, with no exploration of counterarguments or alternative scenarios.
Preview:Alan Hibbard of GoldSilver catalogs eight prominent "smart money" investors — Jamie Dimon, Warren Buffett, Michael Burry, Henry McVey (KKR), George Soros (via Druckenmiller), Jeffrey Gundlach, Ray Dalio, and David Einhorn — all signaling bearishness on stocks and/or bonds while turning bullish on gold. The core argument: complacency in equities, record cash hoarding, breakdown of the stock-bond correlation, fiscal recklessness, and gold's emerging role as a true monetary asset justify a structural gold allocation. The video is essentially a GoldSilver marketing piece built around curated quotes from famous investors.
Preview:Mike Maloney and Alan Hibbard discuss silver's technical breakout, arguing that multiple timeframe confirmations (quarterly, six-month, annual closes at all-time highs) plus a completed giant cup-and-handle pattern point to a vertical move ahead. They compare the current bull market setup to the 1970s, where silver gained 720%+ in a year, and suggest triple-digit to $660 silver is plausible if the pattern plays out. The conversation also touches on silver's purchasing power versus CPI-adjusted levels and the monetary premium of precious metals over industrial commodities.
Preview:Mike Maloney and Alan Hibbard answer viewer questions about gold and silver on the GoldSilver Show. Maloney lays out his framework for timing cycle peaks using the Dow/Gold ratio and Gold/Silver ratio, dismisses price-level targets, and outlines a staggered selling strategy. He also discusses Bitcoin's role alongside physical metals, defends his fact-based approach to precious metals, and speculates that Fort Knox gold may have been rehypothecated but is being replenished ahead of a possible audit.
Preview:Mike Maloney and Alan Hibbard respond to a viewer's tweet asking whether gold has peaked based on the M2-money-supply-to-gold ratio. They recreate the chart, show it on logarithmic scale, and examine multiple long-term ratios (M2/gold, M2/Treasury gold, Dow/gold). Their core argument: the ratio touching a trend line does not signal a gold top — it could instead mark a head-and-shoulders breakout that precedes an enormous move higher. Maloney frames gold as still deeply undervalued relative to currency supply and financial assets, and ties the thesis to an eventual monetary reset and possible return to something gold-linked.
Preview:Mike Maloney and Alan Hibbard react to Elon Musk's threat to form an "America Party" in response to the Senate's passage of the "Big Beautiful Bill" (BBB), a spending package projected to add ~$3.3T to the deficit. They argue the real problem is not a lack of political parties but the fiat monetary system itself, showing historical charts that debt and CPI exploded after 1913 (Fed creation) and 1971 (Nixon closing gold window). Their core thesis: regardless of political outcomes, fiscal recklessness causes bubbles and crashes — and that drives gold and silver higher. Maloney promotes his upcoming appearance at the Limitless conference in Dallas.
Preview:Mike Maloney and Alan Hibbard discuss whether stablecoins and the GENIUS Act can save the US dollar. They argue the dollar is in structural decline — central banks are diversifying into gold at record levels and the world is slowly de-dollarizing. Hibbard walks through a Treasury Secretary Bessent claim that stablecoins will boost Treasury demand, showing that even under the rosiest assumptions (via Saifedean Ammous's analysis) the impact on US debt is trivial (~$3.7T or 5.4% by 2035). Both speakers conclude gold is the real beneficiary, and the dollar's days as the global reserve standard are numbered.
Preview:Mike Maloney and Alan Hibbard dissect a Goldman Sachs research piece that now recommends adding gold to traditional 60/40 portfolios. They mock Goldman for arriving 20+ years late to the gold thesis, walk through the firm's data showing gold improves risk-adjusted returns across all time periods, and present their own simple comparison: a 60/40 gold/silver portfolio dramatically outperformed the traditional stock/bond 60/40 over 23 years. Alan offers to build an interactive Excel dashboard if viewers request it. The core message is that gold is a no-brainer portfolio addition, especially in the current low-institutional-credibility environment.
Preview:Russell Gray, interviewed by Mike Maloney on Rebel Capitalist, pitches his thesis of a "mega trend of decentralization" — evidence includes the rise of gold, Bitcoin's emergence, the populist movement, and the collapse of legacy media. He advocates for "Main Street capitalism": productive entrepreneurship as the antidote to debt-driven financialization and bad economic policy. Gray promotes his new website mainstreetc capitalist.com and frames his mission as a "revival" rather than a revolution, encouraging people to build businesses around purpose. The conversation is light on market specifics and heavy on motivational framing.
Preview:Brent Johnson explains his "dollar milkshake theory" thesis: the dollar can rise against other fiat currencies even as gold rises against all fiat currencies. He warns that China's $60 trillion banking system—built on foreign capital inflows and currency-peg stability—poses an underappreciated systemic risk. A Chinese yuan devaluation, possibly triggered by Trump's trade reset, could cause a global crisis via derivatives linkages, mirroring the 2015 mini-devaluation turmoil. Johnson advocates gold as a portfolio cornerstone regardless of short-term price moves.
Preview:Mike Maloney and Alan Hibbard argue silver is in a "stealth bull market," outperforming gold year-to-date while receiving almost no mainstream media attention — a setup they believe mirrors the late-1970s phase when the public shifted from gold to silver, triggering a blow-off top. They see the gold-silver ratio near multi-decade extremes (~90s), a structural silver supply deficit, and the coming third stage of the precious metals bull market as a setup for triple-digit silver once it clears the $50 resistance level.
Preview:Mike Maloney interviews Robert Helms (host of The Real Estate Guys podcast) aboard a cruise ship setting. The conversation is primarily a promotional discussion for the upcoming Investor Summit Real Estate Cruise (June 20th) and Rebel Capitalist Live (May 23-25). They discuss gold and silver as wealth preservation tools, the distinction between money and currency, reasons to eventually rotate from metals into cash-flowing assets like real estate and businesses, and the value of in-person networking at investment conferences. Light on market analysis; heavy on event promotion and philosophical musings about tangible assets.
Preview:Alan Hibbard (GoldSilver.com) appears on the Big Biz Show explaining the physical gold premium over spot, the Fort Knox audit scenario, the case for physical over paper gold including a potential overnight revaluation, silver's dual industrial/monetary role, and why gold belongs in portfolios even during prosperity as an uncorrelated asset. The conversation is a broad retail-investor-oriented primer rather than a deep analytical call.
Preview:Steve Barton interviews Alan Hibbert of Golds.com about why he prefers gold, silver, and Bitcoin over fiat money and traditional stock/bond portfolios. Hibbert argues that saving in hard assets is safer than “investing” in dollars, sees a global leadership/policy crisis driving volatility, and expects gold to stay strong, silver to eventually outperform on a relative basis, and Bitcoin to remain the highest-upside long-term option.
Preview:Mike Maloney and Alan Hibbard discuss an SPRAT article arguing that the dollar and traditional safe havens are failing, marking a paradigm shift toward gold as the world's neutral reserve asset. They draw parallels to the 1970s gold bull market — specifically 1977, when stocks, bonds, and the dollar fell simultaneously — and argue we are entering the "third phase" blowoff top where gold's largest gains occur. Four structural drivers are cited: gold's renewed safe-haven role, non-correlation benefits, stagflation hedging, and central bank accumulation creating a rising price floor.
Preview:Mike Maloney and producer Allan read viewer comments on the GoldSilver channel. Maloney endorses silver's manipulated price, structural supply deficit, and the thesis that monetary demand (fear of dollar/bonds) will drive silver to triple digits. He pitches his book The Great Gold and Silver Rush and promotes the channel's free-silver offer. Content is light on new analysis; mostly reacting to viewer sentiment.
Preview:Mike Maloney and Alan Hibbert react to Moody's downgrade of US sovereign debt from AAA to AA1, framing it as the final confirmation of a decades-long fiscal death spiral. They argue the free market already downgraded US debt in 2022, foreign central banks are replacing treasuries with gold, and gold is the only remaining safe haven as the dollar reserve status erodes.
Preview:Mike Maloney, in conversation with Alan Hibbert, answers viewer questions about when and how to exit precious metals positions. He outlines a layered selling strategy using proprietary indicators and the gold-silver ratio, suggests converting silver to gold at extreme ratio lows before eventually rotating into stocks, real estate, or private businesses when confirming ratios align. He also discusses his 900-acre regenerative farm in Puerto Rico as a mission-driven post-exit project and plugs his appearance at Rebel Capitalist Live.
Preview:Gold has surged to near $3,300/oz, with Americans melting jewelry to cash in. Alan Hibbard, a precious metals specialist at GoldSilver.com, argues this is not the peak — he believes the biggest gold move still lies ahead. He notes gold has tripled the S&P, Dow, and NASDAQ over 25 years, views Trump's "buy stocks" call as political showmanship, and holds a portfolio entirely in gold, silver, and bitcoin. He dismisses the likelihood of a real Fort Knox audit and describes bitcoin as "digital gold" distinct from all other crypto.
Preview:Mike Maloney and Alan Hibbert discuss viewer questions on gold and silver investing. Maloney argues that gold is still early in its bull run because financial advisors overwhelmingly recommend zero allocation — they'll only promote it near the top. He reiterates his silver thesis: a 10x move to $300 is "entirely possible" once the public rushes in, driven by the gold-silver ratio (currently ~100:1). He dismisses "confiscation" fears as a sales tactic for high-margin numismatic coins, framing 1933 as a nationalization, not confiscation. The episode also includes a book plug for Maloney's latest release and a sponsor note for free silver.
Preview:Mike Maloney and Alan Hibbard address viewer questions about gold/silver investing. Key themes: the commenter who said "it's only too late when you can't exchange fiat for physical"; why retail coin sales are declining (middle-class economic pressure); whether retail investors can move gold prices (true and false, depending on participation breadth); fractional gold ownership via GoldSilver's InstaVault (as low as $35); the gold-silver ratio trade (convert gold→silver above 100, silver→gold below 20-30); and DCA strategy advice — compress the timeline given the approaching AI singularity. The episode is promotional for GoldSilver's products but grounded in a macro thesis of currency debasement and an impending precious metals bull market.
Preview:Mike Maloney and Alen Hibbert present the gold/silver ratio as a generational opportunity. With the ratio above 100 (near all-time highs), they argue silver is massively undervalued relative to gold and predict the ratio will revert to at least 30 (highly likely), probably 20, and possibly 10. The core pitch: buying silver now and later rotating into gold could yield 3x to 10x the gold for the same fiat outlay. They support this with a 300+ year chart showing the ratio historically stable around 15-16 and only recently extreme.
Preview:Mike Maloney and Alan Hibbard discuss the gold-silver ratio spiking above 100, arguing it presents a historic opportunity to accumulate silver or even swap gold for silver. Maloney frames silver as a "wildcard bet" that can catch up to gold's move, citing a study showing only ~11 weeks in 2,500 years have seen silver this undervalued. He expects a global economic slowdown, notes most silver supply is a byproduct of base-metal mining, and believes monetary demand will eventually drive silver multiples higher. Both speakers acknowledge the timing is uncertain and urge patience.
Preview:Alan Hibbard interviews Northstar Badcharts co-founders Kevin and Patrick about the "capital rotation event" (CRE) — the fourth such event in 100 years where capital rotates from equities into gold and precious metals. They present technical charts showing gold breaking out vs. multiple benchmarks and argue the S&P faces a 40-50% drawdown. Gold targets: near-term pullback to $2,700-2,800 before a run to $5-6K then $8-12K (5-8 years). Silver's best outperformance comes AFTER the stock market bottoms, with potential for 400%+ runs and eventual $100+. Bitcoin is flagged as vulnerable, trading below its 50-week MA vs. gold and closely correlated to equities.
Preview:Alan Hibbard of GoldSilver.com makes the case that gold's 25-year outperformance of stocks is far from over. He argues gold is still undervalued relative to equities when measured by ratios (Dow/gold, S&P/gold, NASDAQ/gold), and expects stocks to continue falling relative to gold. His thesis rests on structurally negative real interest rates since 2000, Trump-era inflationary policies, and the impossibility of the Fed getting ahead of inflation — all reminiscent of the 1970s. Silver, with a gold/silver ratio at ~100 versus a historical norm of ~15-16, represents roughly 6x upside relative to gold but requires extreme patience. He strongly advocates physical metal over ETFs or paper products.
Preview:Mike Maloney and Alan Hibbard discuss gold's surge past $3,300, with gold up over $100 in a single day. They frame the current gold bull market as tracking the 1970s pattern, implying a potential ~6x from the 1999 start toward $9,000/oz. The core message: silver is historically undervalued (gold-silver ratio ~100+), and they argue this is one of the rarest opportunities in 2,500 years to rotate into silver. They cite fund manager surveys, US debt downgrade warnings, and Treasury volatility as structural tailwinds, while repeatedly noting they don't give advice — only share what they personally do.
Preview:Alan Hibbard of GoldSilver appears on The Big Biz Show to discuss the gold and silver bull market. He explains gold's store-of-value thesis (supply is practically capped by extraction cost), the leadership crisis driving investors to leaderless assets (gold, silver, Bitcoin), and the unusual physical flow from London to New York — COMEX inventories quadrupled. He argues silver is the better relative opportunity, trading ~33% below its all-time high while gold is at record levels, though he cautions about silver's volatility and longer waiting period. The interview is light, promotional, and geared toward retail buyers.
Preview:Mike Maloney and Alan Hibbard discuss why the precious metals bull market is not over, using a 1979 analog where gold doubled in 42 days, tripled in 166 days, and quadrupled in one year during the final phase. Maloney suggests gold could reach $12,000/oz — the level needed to make the Fed's balance sheet fully gold-redeemable — and hints that silver may ultimately validate buyers despite choppy price action along the way.
Preview:Mike Maloney and Alan Hibbard discuss the Dow-to-Gold ratio as the foundational chart that convinced Maloney to buy gold in 2002. The ratio currently sits around 12.6, having fallen from ~22, meaning gold has nearly doubled the Dow's performance in recent years. Maloney argues the ratio could fall to 1 (as in 1980) or even 0.5, implying gold could buy 12–24 times more stocks from current levels. He frames this as a rare moment where gold serves as both the safe haven and the asset with the greatest potential purchasing-power gains, and insists "nobody missed it" despite gold's rally to $3,100.
Preview:Mike Maloney laments that the middle class is not participating in the current gold and silver rally — instead, "whales" and insiders are buying. He argues this represents the greatest wealth transfer in history and urges positioning before the window closes. He also discusses the gold-to-silver ratio, suggesting it could spike higher before eventually reverting, and hints he may trade gold for silver given the extreme opportunity.
Preview:Mike Maloney argues the "Mar-a-Lago Accords" — a revaluation of gold and a new monetary system — are imminent, citing Treasury Secretary Scott Bessent's comments about needing "Bretton Woods 2.0" and a monetary rebalancing. He walks through historical parallels from Genoa (1921) through Bretton Woods (1944) to the present global dollar standard, contending that accumulated pressures make the current system unsustainable. The core trade: gold revalued to ~$12,000/oz to fully back circulating currency, with silver set to dramatically outperform via a collapsing gold-silver ratio (currently ~99, historical norm ~15). He suggests gold has been the best-performing asset class this century and warns that physical metal may soon diverge from paper spot prices.
Preview:Mike Maloney and Alan Hibbard argue that the recent market turmoil is part of a long-anticipated monetary reset that is favoring gold and, increasingly, silver. They say tariffs, trade tensions, and U.S. policy shifts could lead to a new global monetary arrangement, possibly involving a Mar-a-Lago-style deal, gold revaluation, and a much higher gold price to support currency convertibility.
Preview:Mike Maloney presents a hyper-bearish macro thesis centered on government fraud, recession signals, and an inevitable precious metals breakout. He argues the Treasury runs an unauditable single-account system with $500B+ in annual fraud, that DOGE cuts will contract GDP and trigger recession, and that a 45-year cup-and-handle pattern in silver targets $150–$500/oz. The talk weaves together chart patterns, capital rotation into gold, COMEX delivery anomalies, and systemic fragility — all pointing toward a precious metals supercycle.
Preview:Laurent Lequeu argues that gold, not Bitcoin, is the better portfolio hedge because gold is antifragile, has no counterparty risk, and tends to hold up in risk-off, volatility, and downturn regimes. He says Bitcoin behaves more like a tech/risk asset, with high correlation to the NASDAQ/QQQ, so it is not a true diversifier for most investors—especially institutions that must manage drawdowns and explain losses.
Preview:Alan Hibbard joins host Mike to explore three scenarios for US stocks after a "blood indicator" (3-month T-bill / high-yield spread crossing its 100-week moving average) triggered. The trio: a nominal lost decade (S&P sideways for 10-15 years), a nominal crash (precedented by dot-com, subprime, COVID), or a melt-up where both gold and stocks rise as the dollar collapses. The episode leans heavily toward capital rotation into gold/silver, treating the 2025 dollar's worst start in 30 years as a melt-up signal.
Preview:Alan Hibbard breaks down the US Strategic Bitcoin Reserve executive order, arguing it is the most important economic announcement in 50 years. He walks through key provisions: the reserve is seeded with forfeited Bitcoin (~200,000 BTC), the government cannot sell it, and budget-neutral acquisition strategies are mandated. A separate "digital asset stockpile" for non-Bitcoin assets has no such protections — Hibbard bets those will eventually be sold to buy more Bitcoin. He frames this as formal government endorsement of Bitcoin as "digital gold" and a unique store of value, distinct from all other crypto.
Preview:Mike Maloney and Alan Hibbard declare that a rare capital rotation event into gold has arrived. All 11 S&P sectors are now in a bear market versus gold, a signal that has only occurred in 1930, 1972, 2002, and now 2025. They present chart evidence across multiple ratios (S&P/gold, Dow/gold) showing gold beginning to massively outperform equities, and argue this is a once-in-a-career moment where gold could rise hundreds of percent while stocks fall 50-80%. The conversation is framed around Maloney's long-standing wealth cycle thesis with historical precedent from the 1970s.
Preview:Alan Hibbard of GoldSilver.com presents a bullish gold thesis driven by surging COMEX inventory builds signaling imminent physical delivery demand, alongside a structural silver deficit. He makes a nuanced case distinguishing gold (mature, central-bank-supported safe haven) from Bitcoin (younger, harder money bet). The interview covers COMEX stockpiles, central bank buying, silver's pending breakout, and speculation about potential Fort Knox audit rumors driving physical demand.
Preview:Gold has been in a 10-year bull market driven by central bank buying, and the recent tariff/inflation/geopolitical headlines are just the latest tailwinds. Alan Hibbard argues gold will significantly outperform equities for the next few years as capital rotates from risk assets into safe havens. Silver, still ~50% below its all-time high, looks like a "coiled spring" and could deliver even larger percentage gains — he cites the 1970s where gold returned 25x and silver ~36x. He draws a sharp distinction between Bitcoin (decentralized, "digital gold") and all other cryptocurrencies ("arcade tokens"), and advises sizing Bitcoin small (1-2% of portfolio) if volatility is a concern.
Preview:Mike Maloney and analyst Allan discuss the current gold bull market, focusing on record global ETF inflows, a massive gold drain from the Bank of England to the US via Switzerland, and the $3,000+ breakout. Maloney frames this as an international central bank run, argues the fiat system is failing, and suggests gold's uptrend has much further to run based on historical analogies and James Turk's cycle-length comparison.
Preview:Mike Maloney and Alan Hibbert present a hyper-bullish silver thesis: silver is "better than gold" due to vanishing inventories, an epic short squeeze setup, and price suppression that has kept the metal artificially cheap. They argue silver is a once-in-16-lifetimes bargain at a gold/silver ratio near 90, cite an overnight silver index implying a "fair" price of ~$382, and predict triple-digit silver as inevitable — with a potential explosion in the very near future.
Preview:The speaker argues that the stock market selloff is severe — with the S&P 500 breaking its 200-day moving average for the first time since 2023 — and may be part of a deliberate Trump administration strategy to engineer a recession that resets an unsustainable debt-to-GDP trajectory. Gold is framed as the primary beneficiary of capital rotation out of stocks, with the speaker pointing to extreme valuations (forward P/E ~23 implying near-zero 10-year returns) and a secular Dow-to-gold ratio cycle turning in gold's favor.
Preview:Alan Hibbard presents a data-driven argument that the US housing market is in a bubble worse than 2008, citing record unaffordability, shrinking new homes, older first-time buyers, and mortgage rates rising despite Fed cuts. His core thesis: holding gold protects against this because home prices measured in gold ounces are actually falling, making houses cheaper for gold holders.
Preview:Mike Maloney and co-host Alan argue that the Federal Reserve's New York vault — not Fort Knox — should be the real focus of any US gold audit. Alan walks through a 1998 Fed PDF detailing vault security and procedures, noting the Fed anonymizes compartment ownership by number. Maloney claims that if any gold is missing or has been rehypothecated, it is most likely from the Fed's vaults, and urges viewers to contact Elon Musk, Trump, and their representatives to demand an audit of all US gold, especially the Fed's holdings.
Preview:Alan Hibbard of GoldSilver.com discusses gold's record highs under the Trump administration, citing central bank buying, tariff-driven inflation, geopolitical uncertainty, and dollar volatility as mutually reinforcing tailwinds. He notes investors are raising gold allocations to 10-20% and that gold outperformed the S&P 500 in 2024. The host probes whether falling oil or a dollar resurgence could derail the thesis; Hibbard argues energy is a minor factor relative to the broader drivers and sees gold moving "significantly" higher through 2025 and the Trump term.
Preview:Mike Maloney and Alan Hibbard celebrate GoldSilver.com's 20th anniversary by reviewing five charts comparing 2005 to 2025: gold vs S&P 500, M2 money supply vs CPI, federal deficit/GDP, federal debt/GDP, and monthly housing payments in dollars vs gold ounces. The core thesis is that gold has outperformed, monetary and fiscal conditions have dramatically deteriorated, and gold-priced housing is now cheaper — with "the best yet to come."
Others tracked across the same asset focus or market thesis.
Unlock every transcript this speaker appears in, compare them with your other followed voices, and ask the agent for the bull, bear, and consensus read in one workspace.
Type a question. Create a free agent to send it and keep the answer linked to this speaker.
Your question is preserved across sign-in.
Free. No card. Takes about a minute.