“They really do plan a significant reset of the entire system, and gold is the anchor,” says Mat Smith, co-host of the Doug Casey’s Take podcast, writer, and investor. In this compelling interview with Daniela Cambone, Smith breaks down the recent gold rally and the underlying factors driving the precious metal to all-time highs.

He points to the Trump administration’s apparent plan to reset the global monetary and trading system, with gold taking center stage. “Knowing the historic role of gold, it’s very difficult to imagine this is anything other than a calculated move for the reset they’ve planned.” Smith also shares a crucial piece of advice for investors: own some gold. As the paper gold system shows signs of falling apart, holding physical gold has never been more important.

A Historic Surge in Gold Flows

One of the most significant trends in the gold market right now is the unexplained surge of gold into the United States. Over 2,000 metric tons of gold—approximately 70 million ounces—have flowed into the country in a short period, yet little of it appears on public records such as the COMEX. Where is this gold going, and why?

Experts like Matt Smith speculate that this movement signals an impending monetary reset, possibly orchestrated by the Trump administration. Historically, gold has played a critical role in stabilizing economies and restoring faith in currency systems. If the administration is preparing for a restructuring of global trade, gold could serve as the anchor for a new economic framework.

The Trump Administration’s Monetary Strategy

The idea that gold could play a pivotal role in a Trump monetary policy is gaining traction. Reports suggest that Stephen Moran, a key economic advisor under Trump, drafted a paper in late 2024 outlining a strategy for restructuring the global financial system. If this reset involves a return to gold-backed monetary policy, the recent gold acquisitions make strategic sense.

For decades, the US has relied on fiat currency, but skyrocketing debt and inflationary pressures have put enormous strain on the dollar’s purchasing power. Gold, a historically stable store of value, could provide the foundation for restoring economic credibility. The question remains: will this transition be orderly, or are we heading toward a chaotic financial shift?

Why Gold Stacking is More Important Than Ever

The implications for investors are clear: owning physical gold is more crucial than ever. Unlike ETFs such as GLD, which rely on paper claims to gold, holding tangible assets ensures financial independence. In an environment where central banks and governments may manipulate financial markets, having direct control over your wealth is a prudent strategy.

Matt Smith underscores that while gold confiscation is unlikely in today’s landscape—unlike in the 1930s when most Americans held gold—the government still has powerful tools at its disposal to influence the market. However, the larger trend of central banks around the world stacking gold, especially in BRICS nations like China, signals that a gold-based monetary structure could be on the horizon.

Devaluation of the US Dollar: A Necessary Reset?

A major theme in the discussion is the necessity of devaluing the US dollar. The national debt has reached levels that make it nearly impossible to repay without significant devaluation. A weaker dollar could make US exports more competitive, bringing manufacturing back to the country. However, this process would erode the purchasing power of savings held in cash, making gold an even more attractive asset.

The Trump administration has long argued that the US is at a disadvantage due to the overvaluation of the dollar compared to other currencies. By allowing the dollar to weaken relative to gold and other currencies, the US could regain economic leverage—but at the cost of traditional savers who hold cash or bonds.

The BRICS Factor: China’s Gold Strategy

It’s not just the US positioning itself for a financial shift. China’s gold accumulation strategy has been far more aggressive than official numbers suggest. Analysts believe that China’s real gold holdings are ten times higher than reported, positioning them as a dominant player in a potential new gold-backed financial order.

Interestingly, if gold were revalued based on monetary supply (M0), both China and the US would have similar gold reserves valued at around $22,000 per ounce. This suggests that global economic powers are moving toward a system where gold once again plays a foundational role.

What Should Investors Do?

For those concerned about economic instability, gold stacking remains a vital hedge against uncertainty. Here’s what investors should consider:

1. Hold Physical Gold – ETFs and paper gold may not provide the security needed in a crisis. Owning physical gold ensures direct control over your assets.
2. Understand the Global Shift – With central banks worldwide increasing gold reserves, individuals should take note and prepare accordingly.
3. Diversify Beyond US Assets – As Matt Smith highlights, being geographically disconnected from centralized financial systems can be a strategic move for preserving wealth.

The conversation between Daniela Cambone and Matt Smith highlights the urgent need for investors to prepare for a financial reset. The increasing role of gold in global trade, the potential devaluation of the US dollar, and strategic moves by major economies all point to a shift away from fiat dependence.

The time to take control of your financial future is now. As gold continues to play a more prominent role in monetary discussions, ensuring your portfolio is resilient against these economic changes is key.

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