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Gold hits $3,000 and beyond—'What happens next terrifies me' | Mike McGlone

Kitco NEWS 88,206 6 months ago
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2024 has been a historic year for financial markets, with gold reaching unprecedented heights and Bitcoin breaking $100,000 for the first time. But what does this mean for 2025? In this exclusive interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, discusses his outlook for gold, Bitcoin, and the broader macroeconomic landscape. McGlone explains why gold breaching $3,000 could signal broader economic implications and what to expect as global central banks continue their rate-cutting spree. Will Bitcoin's rapid rise maintain its momentum, or are we nearing a major correction? What are the key drivers behind the gold market's strength, and how will U.S. equities perform amid geopolitical and economic uncertainties? McGlone also shares his insights on the risks of stagflation, de-dollarization, and what investors can do to prepare for a potentially turbulent year ahead. Don’t miss this must-watch interview as we explore what lies ahead for 2025. Sponsored by Matador Technologies Inc. - Bringing gold and real-world assets to Bitcoin. Visit https://matador.network Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow Mike McGlone on X: @mikemcglone11 (https://twitter.com/mikemcglone11) 00:00 Introduction 01:48 Gold vs. Bitcoin: The Competition 02:29 Gold ETFs and Market Trends 04:25 Geopolitical Influences on Gold 05:50 Bitcoin's Market Dynamics 08:05 Macro Outlook and Predictions 16:46 Gold Price Scenarios for 2025 18:45 Historical Trends and Market Volatility 19:13 Gold and S&P 500: A Century-Long Comparison 19:41 Silver's Performance and Industrial Correlation 20:10 China's Influence on Industrial Metals 23:10 Base Metals Outlook for 2025 24:45 The Next Big Trade: U.S. Treasury Long Bonds 26:32 Top Risks for 2025 29:01 Commodity Plays and Predictions for 2025 32:42 Deflationary Forces and Technological Advancements 34:12 Conclusion #Gold #Bitcoin #Finance #Commodities #Investing #MikeMcGlone #KitcoNews #Inflation #CentralBanks #GoldPrice #BitcoinPrice #Crypto #Macroeconomy #USStocks #DeDollarization #GoldStandard #MarketOutlook #Investors #EconomicTrends #GoldVsBitcoin __________________________________________________________________ Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news. SUBSCRIBE to our channel to stay up to date on the latest market and industry news. For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com Stay connected: Twitter - https://twitter.com/kitconewsnow Instagram - https://www.instagram.com/kitconews Facebook - https://www.facebook.com/KitcoNews LinkedIn - https://www.linkedin.com/company/kitconews StockTwits - https://stocktwits.com/kitconews Live gold price and chart: https://www.kitco.com/gold-price-today-usa/ Live silver price and chart: https://www.kitco.com/Silver-price-today-USA/ Live crypto market data: https://www.kitco.com/price/crypto/ Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

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