Geopolitics & Empire Shanmuganathan Nagasundaram: Dollar Collapsing, Gold Skyrocketing, China Rising
Oct 29, 2025
Shanmuganathan Nagasundaram, an investor and economist, shares his insights on the impending collapse of the US dollar and predicts gold could soar to $24,000 per ounce. He critiques Bitcoin, calling it a poor investment due to its lack of utility. As inflation looms, he warns of a severe US housing crash and the potential balkanization of America. Discussing China's rise, he suggests it may lead a new gold standard. He recommends individuals hold gold and silver for financial security amid these global shifts.
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Inflationary Depression Is Coming
- Shanmuganathan predicts an inflationary depression: very high inflation concurrent with a deep, prolonged recession.
- He expects this shock to last multiple years, possibly five or more.
Avoid Bitcoin As A Reserve Asset
- Do not treat Bitcoin as a safe reserve; Shanmuganathan argues it lacks intrinsic utility and is speculative.
- Favor gold and silver as wealth protection instead of cryptocurrencies for a reserve alternative.
$24,000 Estimate Comes From Backing M0
- If the US fully backs M0 with gold, the implied gold price is roughly $24,000/oz assuming Fort Knox holdings.
- That calculation underpins his minimum gold target rather than being an arbitrary number.
