$3,000 Gold Is Just the Beginning—Here’s Why It’s About to Get Even Scarier for the Dollar
Back in the day, a dollar had real buying power. Today, that value has become a fairy tale.
The financial system is facing a monster of historic proportions. Just last week, U.S. debt bulldozed past $37 trillion. Every time the government breathes, it borrows more money. And it’s not just Washington—Europe, Japan, and China are racing to debase their own currencies in a desperate attempt to stay afloat.
That’s why Robert Minter, Director of ETF Strategy at abrdn, argues that gold trading above $3,000 isn’t speculation—it’s the logical consequence of a system cracking under its own weight.
The Debt Spiral Nobody Wants to Talk About
“I went back to 1993 and looked at the amount of U.S. Treasury debt outstanding. Since then, it’s up about 900%—which is roughly the same as gold’s increase,” Minter told Kitco News.
The dollar has been debased almost tenfold over 30 years. It’s like driving a brand-new car off the lot and watching it rust into a clunker in real time—only instead of a car, it’s household savings and retirement funds.
And here’s the kicker: all this debt doesn’t look catastrophic because every other major country is doing it too. The euro, the yen, the yuan—it’s all the same fiat shell game.
Gold doesn’t care about government excuses. That’s why it’s hitting records not just in dollars, but in every major currency.
Gold Is the Only Currency That Isn’t Someone Else’s IOU
According to Minter, gold’s value above $3,000 is justified. Gold isn’t a promise from a politician—it’s real money. Unlike paper currencies, it doesn’t need trust. It simply is.
Minter even stated he doesn’t believe gold will sustainably drop below $3,000 again. Once faith in fiat evaporates, there’s no going back.
Central Banks Are Buying—Quietly and Relentlessly
Even institutions that used to scoff at gold are quietly accumulating it. Central banks have been stockpiling reserves for years, and while the pace may slow, it won’t stop. These insiders know the debt cycle cannot continue indefinitely.
Yes, there are short-term risks. Wall Street sentiment is bleak, and any temporary rebound could trigger a pullback. But any dip is an opportunity to acquire more tangible money before the next surge higher.
The Fed Is Cornered—and That’s Bullish for Gold
Minter points to the Federal Reserve as the next catalyst for gold’s rally. The bond market is sending clear signals that rates are too high, with two-year yields sitting nearly 80 basis points below the Fed Funds rate. In plain terms: the Fed is boxed in. There is no sustainable path forward without eventually easing policy.
How High Could Gold Go Next?
Last year offers a clear precedent. Between June and September, gold prices rallied about $300 as traders anticipated rate cuts. Minter predicts a similar move could unfold again, taking gold to $3,700 an ounce or higher before year-end.
This would represent another 20% gain as fiat currencies continue their downward spiral.
Times are challenging, and the system is rigged against savers and working families. Gold and silver remain essential insurance policies against the debt-fueled meltdown ahead.
Waiting for the headlines to confirm the crisis will be too late.
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Because $3,000 gold isn’t the end of the story—it’s only the beginning.
