Gold Becomes the “New Money” As Bonds Blow Up, China To Control Price - Piepenburg
Summary
Daniela Cambone interviews Matthew Pippenberg, who argues that gold is becoming the new global collateral as fiat currencies face debasement. He highlights record central bank buying, particularly by China, and the shift toward physical gold settlement in Hong Kong. Pippenberg also discusses how the unwinding of the Japanese carry trade threatens US Treasuries, further supporting a long-term bullish outlook for precious metals.
Topics discussed
Introduction and guest Matthew Pippenberg
Gold as wealth preservation and global collateral
Central bank gold buying and China's strategy
De-paperizing gold and new Hong Kong clearinghouse
Long-term gold price targets and investor conviction
US saving the yen and proxy financial war
End of Japanese carry trade and treasury sell-off
Rising yields, US debt refinancing, and inflation
Convergence of risks: AI bubble and private credit
Currency debasement and the end of dollar dominance
Conclusion and call to action
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