“Gold is heading to $15,000 an ounce,” says former Swiss banker Clive Thompson in this exclusive conversation with Daniela Cambone. With U.S. debt exploding and interest costs devouring nearly 20% of tax revenues, Thompson argues Washington’s only lifeline is to revalue its gold reserves, unlocking trillions without adding to the national debt. “It’s the same playbook from 1934,” he warns, pointing to a quiet plan already in motion that could hand the Treasury $3.9 trillion overnight. Thompson calls $15,000 the “sweet spot” — high enough to ease the debt spiral but not so high as to trigger a dollar collapse. Such a move, he explains, would ignite silver past $100, squeeze America’s creditors, and accelerate a global rush into hard assets. With Fed rate cuts now certain, COMEX inventories draining, and hedge funds taking physical delivery, Thompson says the world is “waking up to gold’s return as money.”

Could Washington be preparing the most radical financial reset since 1934?

Former Swiss banker Clive Thompson believes the U.S. could soon revalue gold to $15,000 an ounce, unlocking trillions in liquidity to cover ballooning deficits. This “secret plan” may not just change America’s balance sheet—it could rewrite the global monetary order.

And for everyday Americans? The stakes couldn’t be higher.

Why Revalue Gold? The Debt Spiral Washington Can’t Escape

The U.S. government is drowning in debt:

• National debt: Over $37 trillion and climbing

• Annual deficits: Roughly $2 trillion per year

• Interest expense: Jumped from 8% of tax revenues three years ago to 18.6% today, on track to exceed 22% by 2026

As older, low-interest debt matures, Washington must refinance at 5%+ rates. The result? An unsustainable spiral where debt service devours tax revenue.

Something has to give.

The 1934 Playbook: From $25 to $35 Gold Overnight

History shows the blueprint.

• In 1934, Roosevelt revalued gold by 69% overnight, instantly devaluing the dollar and shoring up the Treasury’s books.

• Today, U.S. gold is still carried at $42.22 an ounce on official balance sheets—despite market prices north of $3,300.

By revaluing gold to $15,000, Washington could create $3.9 trillion in new liquidity without issuing new debt.

$15,000 Gold: Debt Relief Without Printing More Debt

Here’s how the math works:

• The Federal Reserve holds gold certificates on the Treasury’s balance sheet, valued at $11 billion at the outdated statutory price.

• Revaluing gold to $15,000/oz would allow Treasury to issue new certificates worth $3.9 trillion.

• That windfall could retire maturing debt and temporarily slash deficits—without “officially” increasing the national debt.

This is monetization of gold, not the dollar. But make no mistake: it’s a stealth bailout.

Would the Dollar Collapse?

Skeptics argue such a move would crush the dollar.

But Thompson notes that unlike the 1930s—when currencies were tied to gold—today’s fiat currencies are tied to the dollar itself.

• The dollar would weaken, but not collapse.

• Inflation wouldn’t skyrocket, since the Treasury would use the gold revaluation to offset borrowing, not flood retail markets with new cash.

Still, the message to foreign creditors (China, Europe, Middle East) would be clear: gold trumps Treasuries.

Silver: The Sleeper Play in a $15,000 Gold World

If gold jumps to $15,000, Thompson believes silver could surge past $100.

Why?

• Gold sellers cashing out to Treasury would rotate into silver.

• The silver market is 10x smaller than gold, amplifying price moves.

• Industrial demand for silver—electronics, solar, and energy tech—is already outpacing mine supply.

This sets up a potential silver squeeze unlike anything in modern history.

Gold & Silver: Wealth Preservation in a World of Monetary Tricks

Whether or not Washington pulls the trigger, the message is clear:

• Debt-backed paper promises are crumbling.

• The “solution” will always involve devaluing the dollar.

• Physical gold and silver remain the ultimate insurance—tangible assets immune to political games.

This isn’t about speculation. It’s about wealth preservation. Holding real metal is how you step outside the rigged system.

Conclusion

If Clive Thompson is right, the U.S. may be preparing the largest stealth wealth transfer in history—from savers holding dollars to insiders holding gold.

Will you be caught holding paper when the reset comes?

About ITM Trading

ITM Trading has over 28 years of experience helping clients safeguard their wealth through personalized strategies built on physical gold and silver. Our team of experts delivers research-backed guidance tailored to today’s economic threats.

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