Facing a MAJOR RESET? (Uncut) 03-22-2025

Facing a MAJOR RESET?: Trump Team Plans “Significant” Move Anchored by Gold

After interviewing the world’s top financial minds for over 10,000 hours, I’ve learned one thing. Most people aren’t ready for what’s coming. That’s why I’m giving you my top 10 essential lessons for safeguarding your wealth for free at dannyrapport.com. This guide reveals the biggest threats to your financial freedom.

You’ll also get ITM’s free gold and silver protection guide, a must have for anyone serious about preserving their wealth. Get yours now at dannyrapport.com. Gold is key to restoring faith in the system and the current Trump administration knows it. We will go deep today on how they might use it and why the ultimate goal is to devalue the US dollar.

Joining me today, Matt Smith from Doug Casey’s Crisis Investing and Doug Casey’s Take. Matt, I’ve been following your work for so long. It’s so nice that we finally were able to make this happen.

Welcome to the show. Thank you very much, happy to be here. Yeah, well, I’ve been reading with great interest all your work on gold, especially the past month.

I mean, first and foremost, it definitely struck me, I wanna get your thoughts, how often gold has been in the headlines. I mean, I’ve said it in the past, I don’t think I’ve seen this in my 15 year career, but between auditing the gold in Fort Knox and revaluing gold and all the gold leaving Europe into the US and all the reasons why, I mean, your take on all this activity we’re seeing in the gold market. Well, I think it’s all caused by this massive inflow of gold into the US.

I think that’s what’s driving all the rest of the talk. And there’s really no good explanation, no official explanation that clarifies what’s really going on with this. I mean, people would say it’s, oh, it’s tariffs or it’s fears of war.

I mean, or it’s just people trying to take advantage of the arbitrage situation. But it doesn’t explain it. I mean, there’s a total of over 2,000 tons that have flowed into the US in this time period.

And only a fraction of that has even ended up on the COMEX. So we don’t even know where it went, but at 2,000 metric tons, it’s like 70 million ounces. This is like a quarter of the entire US’s floor of gold.

I mean, this is a huge amount of gold for such a short period of time. Exactly, but it doesn’t show up because it’s imported directly as monetary gold, correct? Exactly, well, that’s what we think. I mean, there’s no records on this stuff, unfortunately.

Yeah, so if I had to ask you, and to your point, like no one knows the real reason, but yeah, I think you’re right. The tariff story is not really adding up. I mean, if you had a hunch or your gut feeling, why? Well, I think it’s very clear to me that the Trump administration is planning something incredibly significant, the monetary and global trading reset.

And it’s hard if you read their plans. And so Stephen Moran, this guy who’s nominated for the chairman of the Council of Economic Advisors under Trump, who was part of the first Trump administration, wrote this paper in November of 2024 talking about restructuring the global economy and the global trading system. And so it’s a pretty ambitious plans.

And then you hear some of the comments from Besant about why he was called into service now, why he felt like he needed to be part of the administration. So in the backdrop of that, then you see these gold flows and knowing the historic role of gold, it’s very difficult to imagine it’s anything other than that they see that it is necessary for this reset that they had planned. Exactly the role it’ll play, we don’t really know.

I mean, they talked about things like marking the gold to market that’s on the balance sheet. Well, that makes sense. That does generate some, it generates some capital they could do some things with, I guess, but it’s not gonna make any difference in the debt, in our terrible debt situation in the US, but it’s going to play a role.

And my theory, my thought, the most plausible explanation I could find is that ultimately they do have to do some sort of audit to mark to market the gold. And they gotta make sure that they’ve got their monetary gold on hand that is eligible for that audit. So I think there’s something they’re gonna do with it.

I don’t know what, but exactly how they’ll do it, but it’s clear that it’s part of a larger plan that’s gonna change everything. And it sounds crazy to imagine, but they really do plan a significant reset of the entire system and gold is the anchor. You know, you say it sounds crazy, but it actually doesn’t.

And before, you know, we could have made the argument these were, you know, conspiracy theories, but now you saw Luke Groman going on Tucker Carlson talking about this very theory. I mean, I’ve had Frank Giustra, who’s been talking about a monetary reset backed by gold, you know, for over five years now, this has been his thesis that this is clear as day for him. So no, it’s no longer crazy talk.

It’s just, let’s think why. Why would they want, first and foremost, why would they want the reset? Why do they need it? Well, it has to happen. I mean, I don’t know, for 30 plus years, Doug Casey has been, you know, talking about this abyss that is right there, this economic abyss that we can see it.

We’ve been able to see it for years and years. And I think that the only thing that we imagined would happen up until this plan has sort of come up that you see with Moran and others organizing the Trump administration was that we were just going to fall into it. And there wasn’t a way out, we didn’t think.

And it does seem to me that they have a plan, it’s ambitious, probably won’t work, but they’re trying to build a bridge over that abyss. So the reset’s coming and it can be something we lean into and we try and do it in an orderly way that where the U.S. comes out in a strongish position, or we fall into the abyss. And I just think there’s no real choice and it’s gotta happen now.

What does this mean for gold investors? I mean, do you think there’s a risk of gold confiscation if they need the gold? Well, I doubt it. I doubt there’s a risk of gold confiscation because gold is not widely held in America like it was back in the 1930s. I mean, it was money then, it was part of whatever you had and used.

And so it was necessary for the state to kind of hoover up everything that they could. But right now, Americans don’t own much gold, to be honest. But I do think, and they have the power of the fiat currency that they can still use to acquire gold.

And that’s a much more effective strategy than it would be for them to try and seize it from Americans. How important is it then to hold gold during these times? I think it’s critical. Yeah, critical.

I think it’s critical because this is a time, it’s really weird. There’s always been all this talk about how it was really critical for the American government to suppress the price of gold, to add credibility to the dollar. I mean, that was the theory for my whole investing life that people would talk about.

But now we’re in a situation where the government actually needs the price of gold to go up. They need it to go up because it will help shore, well, because number one, they need to devalue the currency. It’s the only way out of the debts that we’re in.

And it will become the basis of the monetary system again. So it has to be repriced a lot higher than where it’s at today for that to be true. And it’s not just the US that’s been preparing for this.

You look at all the central banks around the world that have been doing this too. So it’s everyone except for retail knows it’s coming. Exactly, except retail.

Do you think the BRICs are planning the same thing? I think China especially has been preparing very strongly for this for quite some time. And Goldman Sachs came out and said that they estimated that China’s gold purchases were actually 10 times what they officially reported, which means China’s sitting on a whole bunch of gold. But the interesting thing is there was a chart, I can’t remember who published it, that showed if you repriced gold based upon M0, M1, M2, all those different ones, what the price of gold would have to be.

And historically, gold is based upon M0, it was based upon that number. And what’s interesting is that China’s official holdings and America’s official holdings, if they monetized it, if they repriced it at the M0, they both end up around $22,000 an ounce. I mean, it was weird that they had enough gold relation to the currency China did to sort of match what the US supposedly has in relation to its money supply.

Yeah, very interesting. So just getting back to why they have to devalue the currency, I guess my next question is, how do they go about doing that if they need a mass devaluation here? Yeah, this is a really hard one to figure out. I mean, how exactly they go about doing it would be very, I mean, I haven’t been able to wrap my mind around how exactly they do it, but we do know a few things about devaluing that are important.

Number one is the debt is insurmountable. So in relation, so the dollar, it has to be devalued for these debts to be payable for us to get past that. The second thing is they really, really wanna devalue in relation to other currencies, because the long-term plan, the only hope for America to merge out of this in any decent condition is that we have to have, we have to be manufacturing again, we have to be producing things, and they have to be viable for other countries to import.

And the way the Trump administration sees it is that every trading partner that we have, that we are in a deficit for, every single one of them, they feel like is cheap, is taking advantage of it because their currencies are too low in relation to the U.S. So that’s the way they see it. I’m not saying it’s that way, but that’s how they see it. And they have a plan.

Ultimately, they wanna get to a state where the other countries agree to allow the U.S. currency to depreciate in relation to their own. So that’s what the use of all these tariffs are. Tariffs are a cudgel to try and bring people to the table to agree to new terms, new deal terms.

Well, it definitely seems to be working as of now. On the topic of tariffs, are they inflationary? Are they deflationary? Experts are arguing both sides. Let’s say they’re deflationary, okay? What does gold look like in a deflationary environment, Matt? Deflationary environment? Well, I mean, it would still, I just don’t think we’re gonna have deflation straight away.

There’s no great inflation like that. But I mean, theoretically, in a deflationary environment, that gold should go down, but it should still stay strong in relation to everything else. I mean, gold, the great benefit of gold is it retains its value.

It’s not speculative assets. I mean, mining stocks, things like that around it are speculative assets. But I don’t think, I think the main argument, most people say that it is inflationary, that the tariffs are inflationary.

But in fact, they’re not really inflationary if you follow the real definition of inflation, which is just an expansion of the money supply. So it’s a, and this is the argument that Ascent makes. It’s like, it’s a one-time price adjustment that happens with tariffs.

It’s not increasing the money supply, so it’s not technically inflationary. I guess, as we wrap here, Matt, I guess, what would you want investors to know given the current environment here? What should we be doing? Yeah. You have to own some gold.

I mean, you have to own some gold. And I think you don’t want to own the GLD. You don’t want to own these ETFs.

You could maybe, sprouts, physical gold would probably be okay. But you want some gold in your hands that you have control over, because it does appear that the entire paper money system, the paper gold system is sort of falling apart as well. And that’s a major problem.

So you don’t want to be trapped in that by owning a derivative like GLD. Matt, the interesting thing is you’re based in Uruguay where Doug also lives, I believe, part of the time. And I love in your bio, you say you believe investors should be geographically disconnected from centralized systems.

So you’re living that dream, right? How’s life like over there? Oh, we have a great life here. We have a cattle ranch. We’re doing regenerative ag here.

So for the last three years, I’ve been learning all about that and trying to make a little money doing it. Uruguay’s a low volatility country. It’s the kind of place that’s probably gonna, in World War I, Uruguay did okay.

A little bit better than normal because their exports went up. World War II, same thing. In the chaotic times that we live in today, I just think that Uruguay’s the best places to be.

And you get to hang out with Doug Casey. You’re just living the dream. Doug’s my hero.

So yeah, any time I get to spend with Doug is good. Absolutely, we love Doug. Where can folks find more of your work? So you’re doing Crisis Investing with Doug? Yeah, the best thing.

So on YouTube, we have Doug Casey’s Take, where you get to hear me try and pry the wisdom out of Doug every, I would do it twice a week. We do that podcast. Been doing it now for a few years.

And then also we have CrisisInvesting.com, which is a paid publication. There’s a free version too, but a paid publication where we try and outline how we’re investing given this real crisis that I think we’re heading into. And a lot of that involves mining and resource stocks, of course.

Well, I appreciate that. Like I said, you’ve just really blown up given all the gold content you’re putting out, your insights on it. So I thank you for your work on that and helping investors wake up.

Because as you said, the retail investor isn’t there yet on the gold front. Come on, people. Time to pay attention.

Yep. Matt Smith, thanks so much for joining us today. Thank you, my pleasure.

I appreciate it. We’ll have more for you. So be sure to sign up at danielakamboney.com and subscribe to our YouTube channel.

We’ll see you soon. Thank you.