Risk Assets Are Crumbling, Gold Surges: Mike McGlone Warns of a 1929-Style Unwind

Gold is holding strong above $3,200 an ounce, while stocks, copper, and crude oil plunge, signaling a major shift in the global economy. Treasury yields are rising even as the U.S. dollar weakens—a clear sign, according to Bloomberg Intelligence’s Mike McGlone, that the old rules of market safety no longer apply.

In this high-stakes interview with Kitco News Anchor Jeremy Szafron, McGlone explains why risk assets are unraveling, why Bitcoin and U.S. equities remain vulnerable, and how gold could rally toward $4,000 as capital rotates into real assets. He also issues a stark warning: a deflationary reset may be coming, and it could reverse decades of monetary excess, driving a deep global recession.

Is this the biggest macro unwind since 1929? McGlone breaks it all down and reveals what investors need to watch next.

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00:00 Introduction
01:03 Market Breakdown
03:01 Bitcoin vs. Gold: A Deep Dive
07:58 Flight to Safety: Treasuries, Dollar, and Equities
10:28 Inflation Expectations and Fed's Response
12:44 Global Economic Implications and Tariffs
18:44 Gold Miners and Market Predictions
22:59 Conclusion

#GoldPrice #MikeMcGlone #KitcoNews #BitcoinVsGold #StockMarketCrash #Commodities #Inflation #GoldInvesting #BloombergIntelligence #FedPolicy #Recession2025 #CryptoCrash #TreasuryYields #MacroOutlook #GoldBullRun
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