Luke Gromen Silver and Gold Price Predictions

Luke Gromen: Gold ‘could hit’ US$18,000 in a debt crisis: Gromen

BNN Bloomberg · 13 Nov 2026 · Watch video

• Gromen expects near-term pressure on gold but says the longer-term outlook is strongly bullish; he cites an $8,000-$10,000 base case and $18,000 as a crisis possibility.
• He argues gold is warning of a serious deflationary shock as US fiscal obligations become unsustainable.
• US true interest expense reached 106% of receipts in fiscal 2026, forcing a choice between money creation and defaulting on major obligations.
• He says rates, stocks and gold could remain under pressure until Treasury-market dysfunction or renewed dollar liquidity prompts intervention.
• During COVID, the Fed bought about $600 billion of Treasuries and mortgage securities monthly, held rates near zero and helped reduce the ratio from 115% to 85%.
• Gromen believes the debt problem ultimately requires renewed dollar liquidity unless the US defaults on entitlements, interest or veterans’ benefits.
• He links higher gold prices to a weaker dollar and a possible restructuring of the currency system, particularly against China’s yuan.
• He says official US gold currently backs about 11% of foreign-held US debt; returning to historical coverage levels would require a substantially higher gold price.

No price target given in this interview.

Luke Gromen: Luke Gromen: Gold To $6,000 By Midyear As US Faces 1956 Suez Moment

Kitco NEWS · 11 Mar 2026 · Watch video

• Gromen expects gold to exceed $6,000 an ounce by midyear if the Strait of Hormuz remains closed and his assessment of the conflict is correct.
• He says the bond market, rather than military power alone, could constrain US policy as foreigners sell dollar assets to fund more expensive energy.
• Higher oil prices and a stronger dollar could push Asian economies into trade deficits, forcing them to sell Treasuries and other US assets.
• Gromen sees gold as final settlement without counterparty risk, becoming more attractive as sanctions, debt burdens and geopolitical uncertainty undermine trust in sovereign paper.
• He argues the US faces physical constraints from energy infrastructure and debt, while China has expanded electricity-grid capacity substantially in recent years.
• He would reconsider the structural-break view if Hormuz reopened alongside a successful political resolution in Iran; falling oil and bond yields alone would not be enough.