$20,000 GOLD IS THE EXIT RAMP AND MATTHEW PIEPENBURG SAYS $100 SILVER IS ALREADY IN THE REAR VIEW
Von Greyerz’ Matthew Piepenburg just walked into Commodity Culture and called the $40 trillion debt pile what it is. A spiral.
-The US Vice President is questioning the dollar’s reserve status.
-Bessent is fishing a trillion out of the Treasury General Account because the 30 year is the highest since the GFC.
-Trump is threatening to save the petrodollar with bombs.
-Central banks are stacking gold instead of Treasuries. “Gold will no longer be the enemy. It will become our last best hope.” Quote of the year material from Piepenburg. Frame it. Matthew’s math is not mystical. Reprice the golden piggy bank and the long end of the curve gets oxygen: “We can use our golden piggy bank to pay down massive amounts of debt and gold gets to 15, 17, $20,000, which it will.” “$20,000 gold gets us well over $five trillion to basically monetize the long end of the debt curve.” “It is actually in the US’s best interest to let gold run.” He is not asking Washington to love gold bugs. He is saying they are out of ANY better options: “We dont have much of a choice. It’s either QE to the moon or QE to the moon plus some revaluation of gold to help us get out of this hole.” Leave the official stockpile marked at $11 billion and you are pretending.
Let gold run and you buy time on interest expense. Overnight $20,000 would torch the dollar.
THEY ARE GOING TO NEED THE PIGGY BANK.
-Bessent is fishing a trillion out of the Treasury General Account because the 30 year is the highest since the GFC.
-Trump is threatening to save the petrodollar with bombs.
-Central banks are stacking gold instead of Treasuries. “Gold will no longer be the enemy. It will become our last best hope.” Quote of the year material from Piepenburg. Frame it. Matthew’s math is not mystical. Reprice the golden piggy bank and the long end of the curve gets oxygen: “We can use our golden piggy bank to pay down massive amounts of debt and gold gets to 15, 17, $20,000, which it will.” “$20,000 gold gets us well over $five trillion to basically monetize the long end of the debt curve.” “It is actually in the US’s best interest to let gold run.” He is not asking Washington to love gold bugs. He is saying they are out of ANY better options: “We dont have much of a choice. It’s either QE to the moon or QE to the moon plus some revaluation of gold to help us get out of this hole.” Leave the official stockpile marked at $11 billion and you are pretending.
Let gold run and you buy time on interest expense. Overnight $20,000 would torch the dollar.
So he wants the incremental grind through real supply and demand. Same destination. Less overnight chaos.
Piepenburg’s just as bullish on silver: “The $110 prices and above that we saw in silver weren’t peak silver. They’re going to be the new floors.” “The $100 levels are going to be way behind us.” “Silver is a monetary metal in a time of monetary dysfunction.” “Were not even close to peak gold or peak silver.” He still says silver will be volatile. He still says some people will sell silver to buy more gold later. He does not call silver a trade. He calls it money while the system is breaking. Miners are the fat pitch.Physical first. Paper last.
This is the setup Matthew is pounding.Debt cannot be politely grown out of. The dollar’s privilege is cracking in public.
Gold is the last best hope on the official balance sheet.
Silver is still the metal regular people can actually lift (while it’s still available- which might not be for long). The floors just moved up. The ceiling is not in sight.
Piepenburg says to STACK THE SOLUTION.THEY ARE GOING TO NEED THE PIGGY BANK.
