Luke Gromen: "All Roads Lead To Gold"

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Feb 10, 2026

Luke Gromen, macro strategist and founder of FFTT, warns of an accelerating global sovereign debt crisis. He connects Japan’s bond-currency dilemma to U.S. market risks. He explains why physical gold is becoming a preferred monetary hedge, describes large sovereign bullion flows, and outlines how gold-driven trade settlement could reshape the dollar over the next 5–10 years.

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INSIGHT

Acceleration Of A Global Sovereign Debt Crisis

Sovereign debt dynamics are accelerating globally, with Japan signaling a tipping point that can ripple worldwide.
Rising JGB yields, weakening yen, commodity supply shocks and AI-driven tax pressure together threaten bond markets and currency stability.

INSIGHT

Japan Likely To Save Bonds Over Currency

Japan will likely prioritize capping bond yields with printed money and let the currency take the nominal hit.
That choice protects bond markets but exports the problem, raising U.S. yields and pressuring global assets.

INSIGHT

U.S. Gold Exports Signal Eastward Flows

U.S. exported non-monetary gold was the single largest export in Oct–Nov, signaling unusual cross-border bullion flows.
Significant gold flows to Switzerland and onward to China suggest the West is shifting physical ounces eastward.

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REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceToday's guest has long warned that the US and most other countries are hurdling into a global sovereign debt crisis.One that is increasingly forcing them to "Get busy inflating, or get busy dying"To get an update where things stand on his timeline, where this all is likely headed, and what investors should be tracking most, we're fortunate to welcome Luke Gromen, founder of macro research firm FFTT, LLC, back to the program.Looking at the all important trends underway, Luke reaches the same conclusion for each of them: "All roads lead to gold"To find out why, watch this video.#gold #debt #inflationhedge _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.