Mark Thornton: Higher Rates Are Coming — Gold & Silver Could Be the Winners

Dr. Mark Thornton of the Mises Institute joins Darrell to discuss declining trust in government, rising interest in Austrian economics, and why he believes the current monetary system is creating deeper problems for savers and the middle class. Mark examines rising bond yields, the breakdown of the traditional 60/40 portfolio, growing allocations to gold and silver, and the possibility that governments attempt to inflate away their debt burdens.

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https://x.com/DrMarkThornton

https://mises.org/

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0:00 Why interest in Austrian economics is growing

4:52 Government corruption and the case for smaller government

6:36 Why trust in money is breaking down

8:30 The long-term outlook for the dollar and bonds

10:34 Is the traditional 60/40 portfolio breaking down?

12:29 Why long-term bonds may no longer provide protection

14:44 Gold, silver and commodities as portfolio hedges

19:01 Can the U.S. inflate away its debt?

22:05 Why Mark favors austerity over inflation

24:17 How high could inflation go?

27:25 Is Washington seriously considering sound money?

29:16 Why Mark remains skeptical of a return to gold-backed money

32:07 Lessons from Reagan’s Gold Commission

35:49 The history behind U.S. gold coins and the dollar

40:27 America’s widening wealth gap

42:23 How Federal Reserve policy redistributes wealth

47:20 Why consumer spending is masking middle-class weakness

50:50 The link between Fed policy, Treasury debt and Congress

54:23 Why Mark believes spending cuts must be much larger

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