The Gold Reset Already Happened and Almost Nobody Noticed | Willem Middelkoop
Jul 28, 2026 Market Updates and Analysis
Willem Middelkoop says the monetary reset isn't coming. It's already underway, quietly, in the accounting. He also argues China is now the dominant force in the gold market, buying on every dip while the West still trades paper.
Kitco's Jeremy Szafron sits down with Willem Middelkoop, author of "The Big Reset" and founder of the Commodity Discovery Fund, for a wide-ranging hour on why both Washington and Beijing may want a cheaper gold price, the state gold buyers that don't show up in official numbers, gold overtaking US Treasuries as the world's top reserve asset, the move of price discovery to Shanghai, China's shift from paper to physical, silver's path to a possible $500, and where the gold miners go from here.
This interview was recorded July 27, 2026.
Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)
Follow Willem Middelkoop on X: @wmiddelkoop (https://x.com/wmiddelkoop)
Willem Middelkoop Commodity Discovery Fund: (https://en.cdfund.com)
Willem on Substack: (https://substack.com/@wmiddelkoop)
Free download, The Big Reset: (https://www.cdfund.com/download-the-b...)
CHAPTERS
0:00 Gold's Wild Year
0:50 Meet Willem Middelkoop
1:46 Big Reset Thesis
3:56 Central Banks Drive Gold
6:57 Hidden China Gold Hoard
9:34 Reset Through Accounting
13:21 US Gold Politics
17:13 Custody and Sanctions Risk
19:03 BRICS Parallel Rails
22:57 China Shifts to Physical
28:27 Hong Kong Clearing and mBridge
30:23 Gold for Trade Settlement
32:56 Debt Crisis Warning
33:39 Gold Bonds Speculation
34:56 Gold Replaces Treasuries
36:22 Peak Supply Metals
37:05 Silver Shortage Signals
39:48 Paper Market Breakdown
42:29 Perfect Storm Thesis
45:29 Miners Leverage Valuations
47:38 Mergers Discovery Arbitrage
54:00 China Buys in Ground
56:40 China Russia Calculus
1:00:47 Investor Takeaways
1:03:40 Closing
#gold #goldprice #silver #China #Kitco #WillemMiddelkoop
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