Chief Market Strategist Dr. James Thorne, who forecasts an S&P 8,000 "CapEx Supercycle," warns a "Lost Decade" crash is coming after 2031 and says we are writing "Bretton Woods 2.0" where the U.S. will be forced to "write up" the price of gold to pay its debt.
In this interview, Dr. Thorne, a Ph.D. in economics, tells Kitco News that investors should "ignore the bubble nonsense," as valuations won’t matter until the 2030s. He says the U.S. has "crossed the Rubicon" with its debt and that the Fed will be forced to cut rates below 2.75% because "we can’t take high rates."
Thorne gives his specific target of S&P 7,500 by 2026 before the eventual "lost decade" hits. He also explains why "the big money in gold stocks has been made" and why investors should pivot to physical gold. He argues that once trust is lost, "gold is the go-to trade," and Bitcoin will be next, calling its coming breakout "gone in a New York minute."
(Recorded November 10, 2025)
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00:00 Intro: Stocks Rally on Hope, Gold Rallies on "Fiscal Anxiety"
01:05 Dr. James Thorne: "We Will Grow Our Way Out" of Debt
03:13 The "Intelligent Supercycle": S&P 7,500 by 2026 Forecast
04:45 Why This Isn’t a Bubble; Liquidity & Fed Cuts Below 2.75%
06:40 The "End of the Dollar" Narrative is "Just Wrong"
07:50 Why Central Banks Are Really Buying Gold (The "Why")
09:10 Michael Burry’s "Bubble" Call vs. Thorne’s Thesis
14:01 China’s Deflation & The "Energy Lead"
17:15 "Largest CapEx Supercycle in Modern History"
19:40 Gold Price Forecast: $5,000 to $8,000 by 2030
20:30 Why Gold Will Consolidate at $4,000
21:15 Silver is Now a "Critical Mineral"
25:30 U.S. Gov’t May Start "Taking Positions" in Miners
28:04 "Something’s Up": We Are Writing "Bretton Woods 2.0"
29:00 Why the U.S. Will "Write Up" the Gold Price to Pay Debt
32:10 "The Rubicon": U.S. Debt Interest Exceeds Military Spend
35:39 The "Lost Decade" Crash is Coming After 2031
38:20 Gold Stocks: Why "The Big Money Has Been Made"
44:10 Bitcoin Breakout Will Be "Gone in a New York Minute"
46:35 "They’ve Lost Trust": Gold is the "Go-To Trade"
51:00 Final Thoughts
#gold #investing #federalreserve #bitcoin #monetaryreset
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