“We will see over the years the dollar absolutely collapse against the one currency that does not represent anyone else’s sovereignty…and that is gold,” says Dr. Thomas Kaplan, CEO and Chairman of NovaGold. In today’s interview, he tells Daniela Cambone that all fiat currencies are inherently flawed and refers to the U.S. dollar as “double-ply toilet tissue.” Despite recent price increases, Kaplan believes gold is still in the “foothills” of a broader bull run. “We will look back on $3,000 gold as a complete gift… the same way as we look back now on the Dow at 3,000 in the late ’80s as a gift,” he says. On the recent ECB’s warning about gold, Kaplan sees it as further support for the bullish case. He emphasizes that the rising demand for physical settlement—not just futures contracts—could create a supply squeeze and trigger a major price surge. Watch the full video to learn more.

Tom Kaplan’s $1 Billion Gold Bet—and What It Means for Your Financial Future
Exclusive insights from The Daniela Cambone Show, presented by ITM Trading

Billionaire investor Thomas Kaplan just made one of the boldest moves in the gold market we’ve seen in years—and he’s doing it alongside legendary fund manager John Paulson. Together, they’re acquiring Barrick Gold’s 50% stake in the Donlin Gold Project in Alaska for a staggering $1 billion.

On a recent episode of The Daniela Cambone Show, Kaplan sat down with Daniela Cambone to unpack this historic deal—and deliver a sobering warning about the fragility of fiat currencies, global debt, and the coming gold bull market.

At ITM Trading, we specialize in helping Americans over 50 protect their wealth from economic instability, inflation, and government overreach. Kaplan’s insights align closely with our mission—and what we’ve been warning about for decades.

A Once-in-a-Generation Gold Project

Kaplan described Donlin as “the best gold development story in the world”—and he’s not alone. RBC projects it could produce 1 million ounces of gold per year for 30 years. With over 39 million ounces in proven reserves, plus another 6 million inferred, this mine dwarfs almost every other known deposit.

But it’s not just size that drew Kaplan and Paulson. It’s jurisdictional safety.

“I’ve made serious money in places like Bolivia, Zimbabwe, and South Africa,” Kaplan explained. “But I concluded those days are over. If I’m right about where gold is going, the tragedy would be to get the asset right—but lose it to nationalization.”

That’s why Alaska, the second-largest gold-producing state in the U.S., is so strategic. It’s stable, resource-rich, and—crucially—secure.

Why Central Banks and Billionaires Are Betting on Gold

Kaplan and Paulson’s billion-dollar bet comes amid record central bank gold buying, growing concerns about currency devaluation, and increasingly erratic global leadership.

“Gold is becoming both precious and strategic,” Kaplan said. “If gold prices rise dramatically, nations that control gold mines will try to harness that cash flow.”

That’s why location matters more than ever. In volatile jurisdictions, governments are already seizing control of mining assets, as seen in Mali and other parts of Africa. Even democratic countries may feel pressure to “do something” with their domestic gold resources as fiat currencies falter.

At ITM Trading, this validates what experts like David Morgan and Daniela Cambone have long said: physical gold and silver are your lifeboat when governments lose control.

Why Gold Is Just Getting Started

Kaplan believes gold is still in the foothills of a bull market. While the metal recently crossed $3,000 an ounce, he argues that’s just the beginning.

“If I’m right, we’ll look back on $3,000 gold as a gift—just like we look back on the Dow at 3,000 in the 1980s as a missed opportunity,” he said.

Citing his early calls in energy and metals, Kaplan sees a confluence of historical, economic, and geopolitical forces pushing gold much higher. His initial target range? $3,000–$5,000. But if the global monetary system continues to fray, he believes $20,000 gold isn’t out of the question.

Paper Gold vs. Physical: The Coming Squeeze

Kaplan also reacted to the European Central Bank’s (ECB) recent warning that the gold market could become a threat to financial stability. Their concern? That increasing demand for physical delivery could cause a market freeze.

“The ECB basically made the bull case for gold,” Kaplan said. “If people stop settling with paper and demand the real thing, there won’t be enough to go around.”

He referenced the 1980 silver squeeze and the recent scramble to move gold between vaults in London, Switzerland, and New York as early signs of what’s coming. The takeaway? If you don’t hold it, you don’t own it.

At ITM Trading, we specialize in helping clients acquire physical precious metals—stored privately, securely, and outside the vulnerable digital system.

What Does This Mean for You?

If billionaire investors like Kaplan and Paulson are going all-in on gold… and if central banks are buying at record rates… and if global debt is spiraling out of control…

What should you be doing?

Here’s what Kaplan said:

“When John Paulson calls Donlin the best way to play gold’s next big move, you need to pay attention. If you believe in gold, you better own the metal—and you better own it where it can’t be taken from you.”

ITM Trading: Helping You Prepare for What’s Next

At ITM Trading, we help clients:

• Acquire physical gold and silver to hedge against inflation and currency risk

• Build diversified, resilient portfolios with real, tangible assets

• Protect their privacy and wealth outside of the volatile paper markets

With over 28 years of experience and expert insight from leaders like David Morgan and Daniela Cambone, we give you the tools and guidance to own gold the right way—before the squeeze hits.

Final Thoughts and Call to Action

Thomas Kaplan believes we’re on the verge of one of the greatest bull markets in history—and he’s backing that belief with billions.

If you’ve been waiting for the right time to enter the gold market, this is your moment.

👉 Download your free gold & silver strategy report at DannyReport.com
Or schedule a consultation with an ITM Trading expert and discover how to protect and grow your wealth with physical gold and silver.

Gold isn’t dangerous. It’s essential.
And when the next crisis hits, only those who act now will sleep well later.

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]