Clem Chambers: 'Gold Is For War' And $6000 Is The Real Target

Mar 11, 2026

Clem Chambers, founder of anewfn.com and contrarian market commentator, explains why recent oil spikes are tactical and AI will spark a massive global energy build-out. He warns Europe is deindustrializing, calls gold a wartime strategic reserve with a $6,000 long-term target, sees Bitcoin as a liquidity asset headed lower, and highlights contrarian opportunities in platinum, palladium and copper miners.

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INSIGHT

Oil Spikes Are Tactical Noise Not Structural Change

Recent oil spikes reflect tactical, short-term risk not a chronic structural shift in supply dynamics.
Clem notes Brent jumping to $115 then falling shows noise-driven volatility rather than long-term re-pricing, citing Equinor vs Exxon moves.

INSIGHT

AI Will Trigger A Global Energy Build Out

AI is a foundational technological leap comparable to the steam engine that will drive massive global energy demand.
Clem argues the country that leads AI needs huge energy capacity across nuclear, coal, solar, wind and hydrocarbons to sustain compute build-out.

INSIGHT

European Deindustrialization Is Already Underway

European deindustrialization from high energy costs is already happening, not merely a risk.
Clem points to the UK and Germany cutting energy capacity, hobbling manufacturing and forcing an eventual policy reversal toward nuclear and other energy builds.

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Jeremy Szafron, Anchor of Kitco News, sits down with Clem Chambers, founder of anewfn.com, to navigate the latest market volatility and geopolitical risks. Chambers breaks down why the current oil spikes are tactical rather than a long-term strategic shift. He argues that the artificial intelligence boom is a foundational technological leap, akin to the steam engine, which will drive a massive global energy boom requiring all sources of power.

The conversation explores the reality of European deindustrialization as surging energy costs hobble manufacturing in Germany and the UK. In the precious metals market, Chambers explains his thesis that gold is for war and serves as a vital strategic reserve for central banks, projecting a long-term target of $6,000 per ounce. He contrasts this with silver, which he dubs FOMO gold.

Chambers also addresses the growing stress in credit markets, warning that shadow banking and private credit funds are facing defaults as the Federal Reserve drains liquidity from the system. Furthermore, he dismisses the death of the dollar narrative, noting the currency's continued strength against global peers. Finally, Chambers outlines why Bitcoin is behaving as a liquidity asset poised to drop to $40,000 , and why platinum and palladium offer glaring investment opportunities.

Recorded March 9 2026.

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Clem Chambers on X: @ClemChambers (https://twitter.com/ClemChambers)

Timestamps:
00:00 Market volatility and oil price spikes
01:30 Is the commodities trade short-term noise or structural
04:45 AI build-out and the coming global energy boom
08:45 European deindustrialization and energy insecurity
14:00 Gold is for war and the $6,000 price target
16:30 The death of the dollar myth and US currency strength
18:00 Shadow banking risks and rising private credit defaults
22:30 Why Bitcoin is dropping to $40,000 amid liquidity drains
30:30 Platinum and palladium as ultimate contrarian trades
34:00 Investment strategy and navigating market noise

#KitcoNews #Gold #Bitcoin #MacroEconomics #Investing #ClemChambers #Silver #EnergyMarkets #ShadowBanking
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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.

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.