Rick believes the US dollar could lose around 75% of its purchasing power over the next decade. If that happens, he says a five-digit gold price seems reasonable.
Last year, mines globally produced 3,672 tonnes of gold, according to the World Gold Council. It was a new record, but only about 11 tonnes higher than the 2025 total.
Private loans total around $1.4 trillion, representing roughly 10 percent of debt held by non-financial corporations in the U.S., according to Federal Reserve data.