Major Shift Unfolding in Gold Markets: Peter Grandich on the Coming Reset

Over 12.5 million ounces of gold have moved from London to the U.S. since November, triggering global supply shortages and fueling speculation of a major monetary reset. Meanwhile, Elon Musk, Rand Paul, and Ron Paul are demanding a full audit of Fort Knox—something that hasn’t happened in over 50 years.

Why does the U.S. still value its gold reserves at just $45/oz, while market prices surge past $2,900/oz? Could this signal an imminent gold revaluation or a return to a gold-backed financial system?

Veteran analyst Peter Grandich joins Kitco News to break down who’s buying gold, the fate of the U.S. dollar, and the implications of China and Russia aggressively increasing their reserves. And in a shocking twist—just one day after this interview was recorded, President Trump announced aboard Air Force One that his administration will conduct a full audit of U.S. gold reserves.

Key Topics:
- Why gold is flowing into the U.S.—who’s behind it?
- Could the U.S. Treasury be preparing for a gold audit?
- What happens if Fort Knox is missing gold?
- Could a gold revaluation fix the debt crisis?
- How are China and Russia reshaping the global gold market?
- Where does gold go next—$3,500, $5,000?

Follow Jeremy Szafron on Twitter: @JeremySzafron (https://twitter.com/JeremySzafron)
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Follow Peter Grandich on Twitter: @PeterGrandich (https://twitter.com/PeterGrandich)

00:00 Introduction: Gold Market
01:34 US Gold Valuation and Market Dynamics
04:50 Debt and Economic Implications
08:24 Global Gold Transfers and Market Impact
11:57 Potential Fort Knox Audit Outcomes
17:39 Global Shift Towards Gold-Backed Systems
26:11 Investment Opportunities in Gold Mining

#Gold #GoldAudit #FortKnox #Trump #GoldReserves #GoldPrice #GoldRevaluation #PeterGrandich #KitcoNews
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