Gold Could Rise by Thousands of Dollars

Tags: The Fed, Financial Markets, U.S. Economy

04/29/2026 Mark Thornton

In this interview with Trey Reich, Mark Thornton explains why gold’s long-run trend is driven less by headlines and more by monetary debasement, and why Middle East conflict can perversely pressure gold in the short run by pushing oil higher and taking Fed rate cuts “off the board.” Mark walks through Austrian business cycle theory, the scale of malinvestment in private equity/credit and the AI boom, and why the Fed’s real priorities are debt-rollover finance and backstopping the banking system. He also discusses why CPI is a flawed policy guide, why the global monetary regime is shifting away from the dollar standard, and why gold and silver could move dramatically higher as the next credit break forces the Fed back into aggressive easing.

The original interview is available at https://www.youtube.com/watch?v=AlzCEchFNOY

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member