Metals, Black Swans, and the Next Bust

Lee esto en Español

Tags: Gold Standard, Financial Markets, Inflation

12/03/2025 Mark Thornton

In a special midweek episode of the Minor Issues podcast, Mark Thornton appears on Palisades Gold Radio with Stijn Schmitz. Mark argues that gold’s surge isn’t a fad: it’s a market verdict on runaway deficits, central-bank credibility, and fiat money itself. He also explains why manipulated rates breed booms, busts, and inequality, while sound money and decentralization restore real signals.

The original episode (”Dr. Mark Thornton: Early Innings for Gold, Silver Manipulation, Black Swans & Failing Markets”) is available at https://www.youtube.com/watch?v=c2FUnca1q3c

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

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