“If one believes that this is a restructuring of the global trading system, as a lot of people do, then it is fait accompli, the United States is no longer going to have open capital account,” says Luke Gromen, founder and president of Forest for the Trees (FFTT). He explains to Daniela Cambone that if the US keeps its capital account open while China restricts capital flows, it risks becoming a source of funds for a heavily indebted global economy during trade disruptions. “Everybody wants to get their money out of China. Chinese say no. Then they go… to the US, sell stocks, sell treasuries. And the US loses the trade war.” Gromen also highlights that the status of gold has been strengthened since the 2008 financial crisis, when it became clear that the US would not reform fiscal policy but instead print money to resolve crises. “Gold is both preserving purchasing power and providing absolute national control,” he concludes.

Watch the video to learn more of his insights and understand the evolving dynamics of global capital flows and the strategic importance of gold in today’s geopolitical landscape.

Why Central Banks Are Choosing Gold Over Dollars—And What It Means for Your Wealth
Featuring Luke Gromen on The Daniela Cambone Show – Presented by ITM Trading

In a time when trust in traditional systems is crumbling, Luke Gromen—founder of Forest for the Trees—has a clear message: the financial reset isn’t coming, it’s already here. And if you’re not positioned correctly, you risk watching your purchasing power quietly evaporate.

In a powerful interview with Daniela Cambone on The Daniela Cambone Show, Gromen laid out a compelling case for why central banks are replacing Treasuries with gold, how capital controls are inevitable in a trade war environment, and why gold and bitcoin are poised for secular long-term gains.

At ITM Trading, we help clients—especially those over 50—prepare for exactly this kind of monetary transition, with customized strategies built on physical gold and silver.

A Global Shift: From Treasuries to Gold

For over a decade, central banks have been gradually abandoning U.S. Treasuries in favor of physical gold. Since 2014, they’ve stopped accumulating dollar reserves and instead purchased more than $600 billion in gold.

“This is one of the big macro gears of our lifetime,” Gromen said. “The shift away from Treasuries toward gold is long-term and irreversible.”

This isn’t speculation—it’s math. As the U.S. national debt approaches $38 trillion and foreign demand for Treasuries dries up, central banks are insulating themselves from what Gromen calls “the inevitable devaluation of fiat currency.”

Capital Controls Are No Longer a Theory

Gromen warns that America cannot sustain a trade war with China without eventually imposing capital controls—limitations on the flow of money in and out of the country.

“If the U.S. continues this path with China, capital controls are a matter of when, not if,” he explained. “You can’t fight a trade war with a closed economy like China and leave your capital account wide open.”

For everyday Americans, this has serious consequences: asset sales, market volatility, and rising bond yields could all trigger a fiscal crisis—the very scenario gold and silver hedge against.

The Fed’s Next Move: Abandon Inflation Control?

In Gromen’s view, the Federal Reserve is already backed into a corner.

If the U.S. insists on reshoring manufacturing and reducing dependence on China, the Fed must choose: control inflation or support government spending. He believes they’ll abandon their inflation mandate and opt for financial repression—just like they did during World War II.

“You either keep rates low and let inflation run hot, or the debt spiral begins,” Gromen said. “Either way, real assets like gold outperform.”

Gold: A Central Bank Favorite for a Reason

Why are nations like China and Russia turning to gold?

• Gold preserves purchasing power, especially when measured in commodities like oil.

• Gold can’t be frozen, seized, or weaponized like Treasuries were after Russia’s invasion of Ukraine.

• Gold grants monetary sovereignty—a critical factor in a multipolar world.

“Gold is superior in every way,” Gromen emphasized. “It’s a 0% yielding bond of finite issuance and infinite duration—with flexible value.”

This validates the long-standing position of ITM Trading: physical gold is the cornerstone of real financial independence.

What About Bitcoin?

Gromen also sees Bitcoin playing a growing role alongside gold, particularly for nations or institutions looking for decentralized stores of value. While central banks may not publicly embrace Bitcoin just yet, sovereign wealth funds and private institutions are starting to dip their toes in.

Still, for conservative investors seeking security and stability, gold remains unmatched in terms of global recognition and historical resilience.

Why Americans Haven’t Reacted—Yet

Despite surging gold & silver prices, U.S. retail investors remain largely on the sidelines. Why?

“Most Americans have never lived through an inflationary recession,” Gromen said. “They don’t recognize a currency crisis when it’s right in front of them.”

Foreign investors—especially in emerging markets—know what’s coming. They’ve lived through it. But Americans still trust the dollar… until they can’t.

The “Moon” Scenario: How High Could Gold Go?

If capital controls are imposed and the dollar’s reserve role diminishes further, Gromen expects gold to double or even quadruple from current levels.

He uses a powerful metric: the market value of the U.S. gold reserves (8,100 tons) compared to foreign-held Treasuries. In 1980, during a true dollar crisis, U.S. gold covered 135% of foreign debt. Today? Just 10%.

“To return to the long-term average, gold would need to quadruple,” he said. “Even a doubling would be modest in historical context.”

This aligns closely with the forecasts made by ITM Trading experts like David Morgan, who sees gold reaching new highs as trust in fiat currencies collapses.

Final Thoughts and Call to Action

Luke Gromen’s message is clear: the financial system is being rewritten in real time. Gold is reclaiming its role as the foundation of global reserves—not just because it’s valuable, but because it’s trustworthy.

At ITM Trading, we help our clients:

• Acquire physical gold and silver

• Diversify away from vulnerable digital assets and fiat currencies

• Build portfolios that can weather inflation, recession, and geopolitical shocks

👉 Visit DanielaCambone.com to download your free gold and silver strategy report.
And subscribe to The Daniela Cambone Show for exclusive interviews with experts like Luke Gromen and David Morgan.

The reset isn’t coming. It’s here.
The question is—will you be ready?

THINKING ABOUT PURCHASING GOLD & SILVER? Get expert guidance from our team of analysts with 28+ years of experience. Schedule a free Q&A 👉 SCHEDULE YOUR CALL HERE or call 866-351-4219.

“The ITM team offers something unique—direct, personal guidance. What stood out to me right away was that they weren’t just focused on making a sale. Instead, they took the time to build my understanding of the function and value of precious metals.” — Gary P. [Verified Google Review]