WTFinance

The Global Currency Reset is Almost Here Despite Metals Crash with Clive Thompson

Feb 13, 2026
Guest
Clive Thompson
Clive Thompson, a 47-year wealth management veteran who advised private clients and trusts, joins to discuss central banks, bond-market stresses, and why precious metals are back on the radar. Short takes cover silver’s practical money role, the two-speed economy and AI’s labour impact, and differences between physical metal and paper investments.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Asset Inflation Concentrates Among The Wealthy

  • Wealth creation from government borrowing concentrates at the top and inflates asset prices rather than consumer goods.
  • Rich people rotate extra wealth across limited-supply assets like gold, property and art, boosting those markets.
INSIGHT

Rising Long-Term Yields Threaten Bond Prices

  • Long-dated bond yields have been creeping up despite short-term cuts, creating capital-loss risk for holders.
  • Higher yields on maturing debt raise the government's interest burden and threaten bond prices.
INSIGHT

Gold As Insurance Against Fiscal Risk

  • Gold returned to portfolios as people seek insurance against potential fiscal collapse, not just inflation.
  • Concerns include bail-ins, capital controls, alternative currencies and sustained high inflation.
Get the Snipd Podcast app to discover more snips from this episode
Get the app