In this episode of Gold Rush Hour, Taylor Kenney & Eric Griffin break down the psychology behind gold’s all-time highs, David Webb’s The Great Taking, new wealth confiscation risks emerging, and much more. Get to know Taylor and Eric better as they share insights in a casual yet eye-opening conversation while driving around Phoenix, Arizona.

Why Gold at $3,000 Is More Than a Number

Taylor and Eric begin by addressing the elephant in the room: gold finally breaking through the $3,000 barrier. While many see it as just a number, Eric reminds us it’s a psychological threshold that signals deeper systemic issues. Historically, gold acts as a barometer for economic instability, inflation, and currency devaluation. When it moves sharply upward, it’s often not the asset changing—it’s the dollar falling.

So, is it too late to buy?

Absolutely not. As Eric explains, even though gold is now trading at $3,000, its fundamental value is closer to $13,000 per ounce based on current debt levels and monetary expansion. That means gold is still severely undervalued. For anyone holding dollars or paper assets, this should be a wake-up call.

Inflation, Fed Policy, and the Case for Gold

The Federal Reserve has recently confirmed there are no immediate plans for rate cuts. Inflation remains stubbornly high, and money printing continues unabated. As Taylor notes, this environment is exactly why people turn to gold: it holds purchasing power when fiat currencies do not.

Eric points out a stunning statistic: in the past 50 years, the U.S. dollar has lost over 90% of its purchasing power. Meanwhile, gold has increased by more than 4,500%. For those nearing or in retirement, this erosion in value makes it harder to afford the future they planned for. In contrast, gold offers a reliable store of value over the long term.

The Misunderstood Power of Pre-1933 Gold Coins

While many investors rush toward bullion, Eric highlights a smarter strategy: pre-1933 gold coins. Not only are these coins currently trading at historically low premiums, but they’ve also never been subject to confiscation due to their unique legal status.

In a bull market where spot prices are rising and premiums are falling, this combination presents a rare opportunity. According to Eric, there’s likely never been a better time to purchase pre-1933 gold.

Wealth Confiscation: A European Blueprint?

Taylor brings attention to a chilling development out of Europe. The European Central Bank (ECB) has proposed using citizens’ “unused savings” to fund public investment projects—including defense spending. This includes bank deposits and even pensions.

Eric doesn’t mince words: this is wealth confiscation disguised as economic stimulus. And while it’s happening in Europe today, it could easily become a trial run for similar policies in the United States. Especially with Central Bank Digital Currencies (CBDCs) on the horizon, the potential for government control over personal assets is growing rapidly.

The Great Taking: Ownership in Question

The episode also touches on The Great Taking, the thesis by David Webb that argues your financial assets—stocks, bonds, even retirement accounts—may not actually be yours. Taylor and Eric emphasize the illusion of ownership embedded in the financial system, where entities like Cede & Co legally hold title to most securities.

Eric and Taylor stress that awareness isn’t enough anymore. It’s time for action.

From Awareness to Action

There’s a growing number of people finally waking up to these realities. More individuals are reaching out, watching videos, reading research, and asking the right questions. But as Taylor points out, knowledge without action is dangerous.

“You don’t buy gold to make a quick buck. You buy gold to protect yourself for when the reset comes—when the government defaults, when hyperinflation hits,” says Eric. The message is clear: gold is not a get-rich-quick scheme. It’s an insurance policy against systemic failure.

ITM Trading Is Here for You

At ITM Trading, we emphasize the importance of owning physical gold and silver as a hedge against financial instability. By holding real assets outside the traditional banking system, you can safeguard your wealth from inflation, market collapses, and government overreach.

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]