Michael Howell: $10,000 Gold in a World of Monetary Inflation and Debt on Top of Debt on Top of Debt

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Oct 8, 2025

Michael Howell, a global liquidity expert and Managing Director of GL Indexes, shares his insights on the looming $10,000 gold price in a debt-driven economy. He explains the pivotal shift from Federal Reserve control to U.S. Treasury influence on monetary inflation. Howell discusses how the current liquidity peak could lead to market shocks and presents gold, silver, and Bitcoin as essential hedges. He warns of the impacts of rising fiscal deficits and suggests investors adopt a buy-on-weakness strategy for scarce assets.

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INSIGHT

Crises Are Refinancing Failures

Modern financial crises are refinancing crises driven by a high debt-to-liquidity ratio.
When liquidity lags debt, collateral and repo markets strain and risk assets can implode.

INSIGHT

Shift From Fed To Treasury Liquidity

Fed liquidity injections are trending toward net withdrawal, while the Treasury is expanding deficit monetization.
That shift from Fed to Treasury liquidity changes where money flows and raises market tensions.

INSIGHT

Hedge Funds Are Marginal Treasury Buyers

Treasury issuance has relied heavily on leveraged hedge fund demand rather than traditional buyers.
That basis trade is fragile because it's leverage‑dependent and sensitive to volatility rises.

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💡 Gold remains the ultimate hedge in a world of debt and monetary inflation. If you want a secure, convenient way to own physical gold and silver, visit Hard Assets Alliance: https://hardassetsalliance.com/?aff=WTH

Global liquidity expert Michael Howell, Managing Director of GL Indexes (formerly CrossBorder Capital), joins Wealthion’s James Connor to explain how today’s debt-driven financial system now runs entirely on liquidity. He reveals why the global liquidity cycle that began in late 2022 is nearing its peak, and how the next downturn could trigger a major market shock that may also present a powerful buying opportunity in a world that can’t escape its addiction to debt.

Howell uncovers the growing power shift from the Federal Reserve to the U.S. Treasury, where government spending, not central-bank policy, is driving money creation and fueling monetary inflation. He also shares why gold could surge to $10,000, how silver, Bitcoin, and other hard assets fit into this new era of endless money printing, and what investors can do now as the liquidity tide begins to turn.

💡 As Michael Howell explains, we’re nearing the peak of the liquidity cycle and entering a new era of monetary inflation. Make sure your portfolio is prepared. Get a free portfolio review with one of Wealthion’s endorsed financial advisors at https://bit.ly/42yROgp

💡 Wealthion and SCP Resource Finance will bring together the world’s top silver experts this October 23rd in Toronto. Join our accredited investor list here to go in-person: https://wealthion.com/accredited/ Or, attend virtually, by buying your tickets here: https://www.eventbrite.com/e/wealthion-scp-global-silver-virtual-conference-2025-tickets-1685583779459

💡Get SCP Resource Finance and Trey Reik’s deep-dive Silver investing report by joining our accredited investor list here: https://www.wealthion.com/accredited

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