SHOCKING US to Revalue Gold to 10 000 Wipe Out Trillions in Debt The 2026 Trigger

America's debt is out of control. We all know it. 37 trillion and rising. The fix? Well, there's one theory that we should revalue gold from $42 an ounce to $10,000 or more. Unlock trillions, retire debt, fund a Bitcoin reserve, echoing the 1934 Gold Reserve Act. Well, we're going to ask Graham Summers today. He's the strategist who called the everything buggle and explains why 2026, this year, could trigger the biggest gold revaluation in history. Graham, so good to have you back on the show. Thank you for joining me. We're not in studio today because of the snowmageddon in New York and the state of emergency, but we wanted to get you on, wanted to bring the news to the people. So thank you for joining me. Happy to be here. Thank you, Danielle. So are we really possibly talking the biggest gold revaluation in history? Break it down for us. Talk to me like I'm five years old. Sure. Sure. So as you no doubt are aware, you know, the gold holdings the United States sits on are valued in the $40 per ounce. They've never actually been at a market rate for decades and decades. And this seems kind of like a conspiracy theory, but the doors actually opens via the Bitcoin Strategic Reserve legislation that's going through Congress right now. Expressly, it states that the intention is to revalue the gold holdings and then use that increased capital to potentially finance the Bitcoin Strategic Reserve. Obviously, though, if you do that once, there are doors now open to doing it different ways. And if you go back and read some of the things Treasury Secretary Scott Besson was talking about during his confirmation hearings, he said they were thinking of monetizing the asset side of the balance sheet. And what that means is, you know, the United States has assets and then it has liabilities, debts, and everyone talks about the debts. What many people aren't aware of is we actually own a lot of things, but the most undervalued asset the United States currently holds is its gold holdings. If you revalued, for instance, our commercial real estate portfolio, it would only increase the asset side by about $100 billion. But if you revalue gold, especially, you know, not just to market prices, but higher, it opens the door to as much as three, even five trillion in addition to additional capital on the U.S. balance sheet, which doesn't necessarily solve the debt issue. But, you know, in terms of asset liabilities, it brings that ratio a little bit closer. So our debt to GDP doesn't look quite as poor. So, I mean, what I mean, I've spoken to other people like you. It's funny you say it's like some people call it a conspiracy theory, you know, and it's so interesting you use those words. But in your opinion, how likely is this to happen? Well, we're dealing with the Trump administration and what they've proven is that they are most bold when they can act with total sort of autonomy. If you look at the sort of attempts they've done to legislate things, they usually get handicapped in Congress or by the judiciary. But for instance, I mean, here's a great example. If I had said to somebody, the United States is going to go into Venezuela, we're going to take out the leader, have him back in New York in 24 hours, and it'll take 40 minutes and there'll be no casualties, people would say, you know, what's next? Bigfoot's going to show up? Well, we did it. So, I mean, that doesn't necessarily equate to one crazy thing means another crazy thing. But my point simply is that you're talking about an administration that's very comfortable doing very dramatic, very significant moves, especially when it knows that Congress and the judiciary is not going to be able to get in the way. If the debt issue becomes a significant one, and we know that the Trump administration wants to run it hot as far as the economy is concerned, and they're kind of by any means necessary trying to fix the United States' finances, I mean, I think the door is open to it. I mean, at the end of the day, as crazy as it sounds, the legislation is there. It's just a question of whether they choose to pull the trigger or not. And I guess, how do you determine the price, though? That's a great question. It would really be contingent on what they're trying to accomplish. This is actually, you know, as out there as it sounds, this is exactly what Franklin Delano Roosevelt did during the Great Depression. They seized gold and they revalued it. They used the money that was raised from it to finance infrastructure and also to pay off some of the debt. Well, we've done it before. The Trump administration could certainly do it again. The question is, how much do they want to accomplish? If they revalue to $10,000, they could potentially retire as much as $3 trillion in debt. If they go to tax $20,000, it's $5 trillion. So it's really at that point, you have to look at the people around the president and who he listens to, and they tend to be very extreme in what they're trying to accomplish. Yeah, and I do think, I mean, like, if we're going to entertain this idea, right? Sure, yeah. Let's look at the appointment of Walsh, who anyone who knows his background knows he was a gold guy, you know, and Scott Besant, right? As this tag team, I mean, to me, at least it looks like something tied to gold is not out of the question. No, I agree with you there. And another tie is they're both closely tied to Stanley Druckenmiller, who's the head of Duquesne. And Mr. Druckenmiller for many years has been talking about the debt's a problem. We have to do something to try to reduce the debt. So, I mean, obviously, the way the Trump administration works is they keep things very close to the chest before they unveil something big. I mean, my best guess if they're going to try and do this would probably be after the midterms because they don't want to do anything that's going to rock the boat as far as voting is concerned. That would make sense. Obviously, you do something like this, the media is not going to be like, oh, this is a great idea, let's do it. You know, they're going to say it's insanity. I heard from certain inside sources that I've spoken to about this that this could shape up by year end. Yeah, I wouldn't be surprised. But again, it's not like I have some insider information. It's just you connect the dots, you look at what they're trying to accomplish. I mean, the big picture that people forget is we're essentially in an arms race with China as far as AI dominance is concerned. And the Trump administration clearly sees this as an existential threat. And so whatever they can do to try to ironclad the United States and make it as autonomous as possible, whether it's the production of critical minerals, whether it's our finances, whether it's our ability to finance our debts, I'm fairly confident they're going to do everything they can. It's interesting you bring that up because I have many experts coming on saying there's no way China could ever be a U.S. in the AI race. Well, I mean, historically, communist-leaning regimes don't have the best track record as far as innovation is concerned. I mean, we saw this again with Venezuela. The entire Chinese diplomatic branch was there. And China and Iran were the ones that sold all the defense capabilities to Venezuela. And we shut everything down in a matter of seconds. So I think that was kind of a wake-up call. I mean, for me personally, most of the people I talk to, they always act as though the United States is just done and China is going to surpass us without any difficulty. And they seem to have really drunk the Kool-Aid as far as China's sophistication is concerned. I even hear people talking about the digital yuan and it's going to become a gold-backed The yuan is used in like 6% of currency transactions. The dollar is in 95% of them. So I don't know what these people are thinking. As far as China surpassing the United States, you're correct. There are definitely people who suggest that's going to happen in terms of AI. But thus far, the only thing we've really seen is deep-seek and that was a hiccup. We bounced back right away within two weeks. We'll jump right back to the interview, but this is too important to skip. The real risk today isn't just a market crash or recession. It's the U.S. dollar being reset, revalued, and losing all purchasing power. Prices keep rising, incomes can't keep up, and central banks around the world are buying record levels of gold because they see what's coming. You can't fix the system, but you can step out of the line of fire and position yourself the like a central bank, not a common investor. That's why we built the Private Wealth Playbook. It's free, and it shows you exactly how to protect your wealth, privacy, and retirement through whatever comes next. So click below or go to dannyreport.com and secure what's rightfully yours. Graham, talk to me about the price action we're seeing in gold and silver. Let's start with gold here. Sure. So as a trader, the perspective I have is, from a fundamentals perspective, we're in a very new regime as far as precious metals are concerned. The market today has some deep pockets that weren't there prior decades. We have central banks buying 1,000 tons per year. You have Wall Street, who as much as people like to poke fun at, they do advise very large pools of capital, and they're advocating allocating capital to gold. So you're in a fundamentally driven new regime. But as a trader, simply looking at price action, whenever you get a really sharp sell-off like the one we had earlier this year, I think gold was down, might have been 12% a single day. I know silver was down 35%. Those sorts of things, you don't get V bottoms out of them. What you typically get is you get consolidation for a number of weeks, maybe a couple of months, and then you put in a base, and then the next leg higher begins. What's more interesting to me is what the precious metals miners are doing, which is that they're now discounting cash blows that are much higher based on the fact that their fourth quarter and now their first quarter operations are all going to be locking in much higher prices for the bullion they're producing. So I actually think we're in a regime where we might see miners start to outperform the actual metals themselves. Miners outperforming the actual. I mean, I wouldn't be surprised to see catch up here. I mean, how bullish are you on gold? I mean, we're seeing the new bank forecast come out. I mean, I guess if you had to fill in the blank, you wouldn't be surprised to see gold end the year at what price? Oh, I mean, I wouldn't be surprised at 6,000 or plus. I mean, I was talking about gold at 5,000 like five, 10 years ago, and now everybody says that stuff. But the reality is it's not so much about price points. I would just simply think, what are the actual viable routes that countries can take right now as far as adjusting to the economic realities? And the only thing that policymakers have shown they know how to do is print money. They know how to control liquidity, and they know how to price credit and debt in the system. And I never see them taking any steps that makes those things more expensive. If anything, it's about debasing the currency, which is inherently beneficial to gold. Then you throw in the fact that central banks and Wall Street and retail individual investors are all piling into the precious metal. We really are in a new regime. It's something we haven't seen since at least the mid-90s, if not longer. And just some more thoughts on silver here, Graham. I mean, obviously, tremendous volatility in this space, but anyone who's been on the silver train, is used to it, knows the ebbs and flows it comes with. Thoughts on silver? Yeah, so the way you have to think about this is if you're buying, you know, if you're buying bullion, then you should just be sitting on it, and the volatility shouldn't be a concern. If you want to be trading the futures, you got to know you're signing up for a roller coaster, and it's one in which the powers that be don't want price appreciation. Precious metals are not like stocks, where, you know, policymakers want them to go through the roof. You know, precious metals are something that, if anything, they want to try and push down, which is why we keep seeing margin hikes from CME and other futures exchanges. So the way I would think about it is, if you're dabbling in futures, be prepared to have a really strong stomach, because you're going to have a lot of volatility. What's more interesting to me currently, right now, is the precious metals mires, because again, as exciting as everything's been, you have to consider, you know, this time last year, gold was at 2,500 an ounce. Silver was, I think, at 40 an ounce. Now gold's 5,000. Silver was over 100 at one point. It's now around the mid-80s. So all of these companies now have a year of much higher bullion production, so their cash flows are really going to dramatically go up a lot. Even if gold goes nowhere for a quarter or two, all of their operations are so much stronger, and they're doing so much better just based on the fact that the item they produce is now valued so much higher. So that's actually, to me, a fundamentals-driven and very exciting market at the moment. Let's talk about some, you know, two recent news items. One, the Supreme Court striking down Trump's tariffs. Will this come back and, you know, haunt the U.S.? I mean, how does this play out? What a waste of time, wasn't it? I mean, it took them a year, and they come out, and they say, we're getting rid of this, and then Trump, within a few hours, is like, okay, we'll do something else. And it's like, why did we even bother, honestly? It's ridiculous. And the actual ruling is just crazy. They say that he can ban all imports, and he can put licenses on imports, but he can't charge even a cent for the license. I just, I don't, I mean, I'm not a scholar, but it doesn't make any sense to me. And also, just why even bother if he's going to just turn around and do something else? I think the real mess is going to be the refunds. We've collected $300 billion in tariff revenue, and now they're suggesting that they're going to, yeah, now they're suggesting, well, we got to pay that back. I mean, I'd hate to be the one, you know, looking at that inventory, trying to figure that out. So it's, I think the problem we have in the United States right now is that you have a White House that's really aggressively trying to fix problems and run the country kind of like a business. And that's not to say I like the president or what he's doing. It's just, that's a fact. That's how he's doing things. And he's doing it in the political arena, which is just mired in bureaucracy, mired in regulations, mired in, you know, some judge somewhere decides that that doesn't apply. And it's just a lot of frustration for everyone involved. It's very hard to trade this market. You look at something like Nike, which you would expect would do fantastically well if the tariffs are struck down. And it just nosedived because Trump came back with a new round of tariffs. It's like, what are we doing here? You know? Final point. Obviously, we're looking at the latest news here, Trump considering targeted strike against Iran. Okay. How closely are you monitoring this geopolitical situation and what are we entering here? I would be very cautious to say anything about that because I am not a geopolitical expert. I know a lot of people in my chair like to pretend they know everything. Couldn't tell you. What I can say is that war is inherently inflationary given the fact that we are aggressively, we're already in kind of a wartime economy if you think about it. If you look at the way we're engaged in fiscal dominance, you look at the way we're issuing record debt, you look at the way that we're actually actively in buying stocks and critical minerals that we say are strategically viable for our national security. We are essentially in a wartime economy. And if the Trump administration, for whatever reason, thinks Iran is a threat to the national security, it's obvious they're going to take action. All wars are bankers' wars, Graham. There you go. Yep. Thank you so much for joining us for this update. We're going to see you soon. Okay. All right. Great to see you, Daniel. Stay safe. And thank you. Thank you. Yes. And thank you all for watching. We'll have more great content coming your way. As always, I invite you to reach out to my colleagues at ITM Trading. It's a free information session. They can walk you through the process of getting started in owning physical precious metals. And we will see you soon. So stay tuned.