{"id":38620,"date":"2026-03-13T08:30:39","date_gmt":"2026-03-13T15:30:39","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=38620"},"modified":"2026-03-13T08:30:39","modified_gmt":"2026-03-13T15:30:39","slug":"gold-sounding-the-alarm-hyperinflation-coming-silver-bullish-mark-thornton","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/gold-sounding-the-alarm-hyperinflation-coming-silver-bullish-mark-thornton\/","title":{"rendered":"Gold Sounding the Alarm: Hyperinflation Coming \u2013 But I&#8217;m WAY More Bullish on Silver: Mark Thornton"},"content":{"rendered":"<p data-start=\"483\" data-end=\"585\"><strong data-start=\"483\" data-end=\"585\">Is gold quietly warning the world that something is about to break in the global financial system?<\/strong><\/p>\n<p data-start=\"587\" data-end=\"772\">That\u2019s the <strong data-start=\"598\" data-end=\"624\">hyperinflation warning<\/strong> coming from rising gold prices\u2014and according to Austrian economist <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Mark Thornton<\/span><\/span>, the signals are getting harder to ignore.<\/p>\n<p data-start=\"774\" data-end=\"955\">With governments printing money at unprecedented levels, national debts exploding, and global trust in the U.S. dollar eroding, gold isn\u2019t simply rising\u2014it\u2019s <strong data-start=\"932\" data-end=\"954\">sounding the alarm<\/strong>.<\/p>\n<p data-start=\"957\" data-end=\"1193\">In a recent discussion with <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Daniela Cambone<\/span><\/span>, Thornton laid out a stark thesis: the world may already be <strong data-start=\"1083\" data-end=\"1119\">on the on-ramp to hyperinflation<\/strong>, and precious metals\u2014especially gold and silver\u2014are reacting accordingly.<\/p>\n<p data-start=\"1195\" data-end=\"1317\">If that thesis proves correct, the implications for savings, retirement portfolios, and the U.S. dollar could be profound.<\/p>\n<hr data-start=\"1319\" data-end=\"1322\" \/>\n<h2 data-section-id=\"u16zia\" data-start=\"1324\" data-end=\"1368\">Gold Is Flashing a Hyperinflation Warning<\/h2>\n<p data-start=\"1370\" data-end=\"1461\">According to Thornton, the gold market is responding to two powerful forces simultaneously:<\/p>\n<ul data-start=\"1463\" data-end=\"1541\">\n<li data-section-id=\"o9ixbo\" data-start=\"1463\" data-end=\"1503\">\n<p data-start=\"1465\" data-end=\"1503\"><strong data-start=\"1465\" data-end=\"1503\">Falling demand for the U.S. dollar<\/strong><\/p>\n<\/li>\n<li data-section-id=\"1c6hgpb\" data-start=\"1504\" data-end=\"1541\">\n<p data-start=\"1506\" data-end=\"1541\"><strong data-start=\"1506\" data-end=\"1541\">Exploding supply of new dollars<\/strong><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1543\" data-end=\"1596\">Both trends point toward a weakening monetary system.<\/p>\n<h3 data-section-id=\"kc7dw5\" data-start=\"1598\" data-end=\"1635\">The Demand for Dollars Is Falling<\/h3>\n<p data-start=\"1637\" data-end=\"1737\">For decades, the U.S. dollar dominated global reserves. But that dominance is beginning to fracture.<\/p>\n<p data-start=\"1739\" data-end=\"1857\">Central banks around the world are <strong data-start=\"1774\" data-end=\"1826\">diversifying away from dollar-denominated assets<\/strong> and accumulating gold instead.<\/p>\n<p data-start=\"1859\" data-end=\"1879\">Key drivers include:<\/p>\n<ul data-start=\"1881\" data-end=\"1993\">\n<li data-section-id=\"8fvkib\" data-start=\"1881\" data-end=\"1913\">\n<p data-start=\"1883\" data-end=\"1913\">Rising geopolitical tensions<\/p>\n<\/li>\n<li data-section-id=\"dazcko\" data-start=\"1914\" data-end=\"1950\">\n<p data-start=\"1916\" data-end=\"1950\">Sanctions weaponizing the dollar<\/p>\n<\/li>\n<li data-section-id=\"xqrd4i\" data-start=\"1951\" data-end=\"1993\">\n<p data-start=\"1953\" data-end=\"1993\">Growing distrust of U.S. fiscal policy<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1995\" data-end=\"2125\">Countries like China, India, and Turkey are also seeing <strong data-start=\"2051\" data-end=\"2100\">surging physical gold demand from individuals<\/strong>, not just central banks.<\/p>\n<p data-start=\"2127\" data-end=\"2196\">In other words: <strong data-start=\"2143\" data-end=\"2196\">the world is quietly shifting toward hard assets.<\/strong><\/p>\n<hr data-start=\"2296\" data-end=\"2299\" \/>\n<h2 data-section-id=\"1el6k1l\" data-start=\"2301\" data-end=\"2348\">The Debt Bomb Behind the Hyperinflation Risk<\/h2>\n<p data-start=\"2350\" data-end=\"2427\">If the demand side is weakening, the supply side may be even more concerning.<\/p>\n<p data-start=\"2429\" data-end=\"2604\">The United States alone now carries <strong data-start=\"2465\" data-end=\"2512\">approximately $38 trillion in national debt<\/strong>, a level that economists once considered unthinkable.<\/p>\n<p data-start=\"2606\" data-end=\"2660\">Even more alarming is the cost of servicing that debt.<\/p>\n<p data-start=\"2662\" data-end=\"2725\">Interest payments on U.S. government debt are now projected to:<\/p>\n<ul data-start=\"2727\" data-end=\"2830\">\n<li data-section-id=\"bwy8ji\" data-start=\"2727\" data-end=\"2755\">\n<p data-start=\"2729\" data-end=\"2755\">Rival <strong data-start=\"2735\" data-end=\"2755\">defense spending<\/strong><\/p>\n<\/li>\n<li data-section-id=\"gjpykf\" data-start=\"2756\" data-end=\"2830\">\n<p data-start=\"2758\" data-end=\"2830\">Potentially exceed <strong data-start=\"2777\" data-end=\"2807\">all discretionary spending<\/strong> within the next decade<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2832\" data-end=\"2860\">And this projection assumes:<\/p>\n<ul data-start=\"2862\" data-end=\"2929\">\n<li data-section-id=\"1oi6v5x\" data-start=\"2862\" data-end=\"2886\">\n<p data-start=\"2864\" data-end=\"2886\">Normal economic growth<\/p>\n<\/li>\n<li data-section-id=\"a4lnud\" data-start=\"2887\" data-end=\"2905\">\n<p data-start=\"2889\" data-end=\"2905\">Stable inflation<\/p>\n<\/li>\n<li data-section-id=\"10em6qa\" data-start=\"2906\" data-end=\"2929\">\n<p data-start=\"2908\" data-end=\"2929\">Stable interest rates<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2931\" data-end=\"3022\">But if long-term interest rates continue rising, governments may face an impossible choice:<\/p>\n<ul data-start=\"3024\" data-end=\"3093\">\n<li data-section-id=\"1poxsgz\" data-start=\"3024\" data-end=\"3037\">\n<p data-start=\"3026\" data-end=\"3037\"><strong data-start=\"3026\" data-end=\"3037\">Default<\/strong><\/p>\n<\/li>\n<li data-section-id=\"uber48\" data-start=\"3038\" data-end=\"3053\">\n<p data-start=\"3040\" data-end=\"3053\"><strong data-start=\"3040\" data-end=\"3053\">Austerity<\/strong><\/p>\n<\/li>\n<li data-section-id=\"6e8xv4\" data-start=\"3054\" data-end=\"3093\">\n<p data-start=\"3056\" data-end=\"3093\"><strong data-start=\"3056\" data-end=\"3093\">Or print money to suppress yields<\/strong><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3095\" data-end=\"3215\">That last option\u2014monetizing debt\u2014is historically one of the fastest paths to <strong data-start=\"3172\" data-end=\"3214\">currency debasement and hyperinflation<\/strong>.<\/p>\n<hr data-start=\"3217\" data-end=\"3220\" \/>\n<h2 data-section-id=\"351bpb\" data-start=\"3222\" data-end=\"3279\">A Broken Economy: Why Layoffs Are Rising During Growth<\/h2>\n<p data-start=\"3281\" data-end=\"3372\">Another warning signal Thornton highlights is the strange contradiction in today\u2019s economy:<\/p>\n<p data-start=\"3374\" data-end=\"3430\"><strong data-start=\"3374\" data-end=\"3430\">Layoffs are rising\u2014even while GDP continues to grow.<\/strong><\/p>\n<p data-start=\"3432\" data-end=\"3450\">Recent data shows:<\/p>\n<ul data-start=\"3452\" data-end=\"3617\">\n<li data-section-id=\"24qfbz\" data-start=\"3452\" data-end=\"3495\">\n<p data-start=\"3454\" data-end=\"3495\">Over <strong data-start=\"3459\" data-end=\"3495\">108,000 layoffs in January alone<\/strong><\/p>\n<\/li>\n<li data-section-id=\"1dqoawi\" data-start=\"3496\" data-end=\"3569\">\n<p data-start=\"3498\" data-end=\"3569\">The highest job losses since the aftermath of the 2008 financial crisis<\/p>\n<\/li>\n<li data-section-id=\"1eu01th\" data-start=\"3570\" data-end=\"3617\">\n<p data-start=\"3572\" data-end=\"3617\">Major cuts from companies like Amazon and UPS<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3619\" data-end=\"3649\">Yet GDP growth remains strong.<\/p>\n<p data-start=\"3651\" data-end=\"3767\">This paradox fits the framework of <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Ludwig von Mises<\/span><\/span> and the <strong data-start=\"3732\" data-end=\"3766\">Austrian Business Cycle Theory<\/strong>.<\/p>\n<p data-start=\"3769\" data-end=\"3790\">Here\u2019s the core idea:<\/p>\n<p data-start=\"3792\" data-end=\"3845\">When central banks flood the system with cheap money:<\/p>\n<ul data-start=\"3847\" data-end=\"3979\">\n<li data-section-id=\"sqwsi8\" data-start=\"3847\" data-end=\"3903\">\n<p data-start=\"3849\" data-end=\"3903\">Capital flows into <strong data-start=\"3868\" data-end=\"3903\">technology and financial assets<\/strong><\/p>\n<\/li>\n<li data-section-id=\"1kiu00g\" data-start=\"3904\" data-end=\"3924\">\n<p data-start=\"3906\" data-end=\"3924\">Asset prices surge<\/p>\n<\/li>\n<li data-section-id=\"1m181ph\" data-start=\"3925\" data-end=\"3979\">\n<p data-start=\"3927\" data-end=\"3979\">Wealth concentrates among investors and corporations<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3981\" data-end=\"3991\">Meanwhile:<\/p>\n<ul data-start=\"3993\" data-end=\"4099\">\n<li data-section-id=\"1cft9cb\" data-start=\"3993\" data-end=\"4019\">\n<p data-start=\"3995\" data-end=\"4019\">Wage earners fall behind<\/p>\n<\/li>\n<li data-section-id=\"1pgjivw\" data-start=\"4020\" data-end=\"4052\">\n<p data-start=\"4022\" data-end=\"4052\">Real purchasing power declines<\/p>\n<\/li>\n<li data-section-id=\"1ccazuz\" data-start=\"4053\" data-end=\"4099\">\n<p data-start=\"4055\" data-end=\"4099\">Job markets weaken in traditional industries<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4101\" data-end=\"4112\">The result?<\/p>\n<p data-start=\"4114\" data-end=\"4201\">A <strong data-start=\"4116\" data-end=\"4136\">K-shaped economy<\/strong>, where the wealthy surge ahead while the middle class struggles.<\/p>\n<hr data-start=\"4203\" data-end=\"4206\" \/>\n<h2 data-section-id=\"11ju8ai\" data-start=\"4208\" data-end=\"4243\">Why Silver Could Outperform Gold<\/h2>\n<p data-start=\"4245\" data-end=\"4325\">While Thornton remains strongly bullish on gold, he made a surprising statement:<\/p>\n<p data-start=\"4327\" data-end=\"4364\"><strong data-start=\"4327\" data-end=\"4364\">He\u2019s even more bullish on silver.<\/strong><\/p>\n<p data-start=\"4366\" data-end=\"4370\">Why?<\/p>\n<p data-start=\"4372\" data-end=\"4439\">Because the silver market shares two key characteristics with gold:<\/p>\n<ul data-start=\"4441\" data-end=\"4563\">\n<li data-section-id=\"1i34d2j\" data-start=\"4441\" data-end=\"4505\">\n<p data-start=\"4443\" data-end=\"4505\"><strong data-start=\"4443\" data-end=\"4463\">Inelastic supply<\/strong> (mining production can\u2019t ramp up quickly)<\/p>\n<\/li>\n<li data-section-id=\"1tcolzk\" data-start=\"4506\" data-end=\"4563\">\n<p data-start=\"4508\" data-end=\"4563\"><strong data-start=\"4508\" data-end=\"4528\">Inelastic demand<\/strong> (industrial demand remains strong)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4565\" data-end=\"4620\">That combination creates a volatile but powerful setup.<\/p>\n<p data-start=\"4622\" data-end=\"4682\">When investment demand spikes, prices can move dramatically.<\/p>\n<p data-start=\"4684\" data-end=\"4854\">Some analysts\u2014including technical strategist <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Michael Oliver<\/span><\/span>\u2014have even suggested silver could surge to <strong data-start=\"4809\" data-end=\"4832\">$300\u2013$500 per ounce<\/strong> in extreme scenarios.<\/p>\n<p data-start=\"4856\" data-end=\"4929\">While such projections remain speculative, the broader takeaway is clear:<\/p>\n<p data-start=\"4931\" data-end=\"5024\"><strong data-start=\"4931\" data-end=\"5024\">Silver\u2019s upside potential may be significantly larger than gold\u2019s during monetary crises.<\/strong><\/p>\n<hr data-start=\"5116\" data-end=\"5119\" \/>\n<h2 data-section-id=\"u9kk90\" data-start=\"5121\" data-end=\"5171\">Why Gold and Silver Matter in a Monetary Crisis<\/h2>\n<p data-start=\"5173\" data-end=\"5335\">If the global financial system enters a period of instability, investors historically move toward <strong data-start=\"5271\" data-end=\"5290\">tangible assets<\/strong> that cannot be printed or digitally created.<\/p>\n<p data-start=\"5337\" data-end=\"5417\">That\u2019s why physical gold and silver have served as money for thousands of years.<\/p>\n<p data-start=\"5419\" data-end=\"5470\">During periods of monetary instability, they offer:<\/p>\n<ul data-start=\"5472\" data-end=\"5676\">\n<li data-section-id=\"1u52vc8\" data-start=\"5472\" data-end=\"5526\">\n<p data-start=\"5474\" data-end=\"5526\"><strong data-start=\"5474\" data-end=\"5497\">Wealth preservation<\/strong> when currencies lose value<\/p>\n<\/li>\n<li data-section-id=\"1x7fcan\" data-start=\"5527\" data-end=\"5584\">\n<p data-start=\"5529\" data-end=\"5584\">A hedge against <strong data-start=\"5545\" data-end=\"5582\">inflation and currency debasement<\/strong><\/p>\n<\/li>\n<li data-section-id=\"1x0a5vo\" data-start=\"5585\" data-end=\"5626\">\n<p data-start=\"5587\" data-end=\"5626\">Protection outside the banking system<\/p>\n<\/li>\n<li data-section-id=\"39lped\" data-start=\"5627\" data-end=\"5676\">\n<p data-start=\"5629\" data-end=\"5676\">True <strong data-start=\"5634\" data-end=\"5653\">tangible assets<\/strong> with intrinsic value<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"5678\" data-end=\"5743\">When comparing <strong data-start=\"5693\" data-end=\"5711\">gold vs dollar<\/strong>, one key difference stands out:<\/p>\n<ul data-start=\"5745\" data-end=\"5853\">\n<li data-section-id=\"cjqdga\" data-start=\"5745\" data-end=\"5793\">\n<p data-start=\"5747\" data-end=\"5793\">Dollars are liabilities issued by governments.<\/p>\n<\/li>\n<li data-section-id=\"eyn16d\" data-start=\"5794\" data-end=\"5853\">\n<p data-start=\"5796\" data-end=\"5853\">Gold and silver are <strong data-start=\"5816\" data-end=\"5853\">assets with no counterparty risk.<\/strong><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"5855\" data-end=\"5931\">In times of financial stress, that distinction becomes critically important.<\/p>\n<hr data-start=\"5933\" data-end=\"5936\" \/>\n<h2 data-section-id=\"8dtpi\" data-start=\"5938\" data-end=\"5951\">Conclusion<\/h2>\n<p data-start=\"5953\" data-end=\"5993\">Gold\u2019s rise isn\u2019t happening in a vacuum.<\/p>\n<p data-start=\"5995\" data-end=\"6047\">It\u2019s reacting to a perfect storm of economic forces:<\/p>\n<ul data-start=\"6049\" data-end=\"6187\">\n<li data-section-id=\"66niym\" data-start=\"6049\" data-end=\"6074\">\n<p data-start=\"6051\" data-end=\"6074\">Exploding global debt<\/p>\n<\/li>\n<li data-section-id=\"1veonzj\" data-start=\"6075\" data-end=\"6103\">\n<p data-start=\"6077\" data-end=\"6103\">Rising interest payments<\/p>\n<\/li>\n<li data-section-id=\"z8ct07\" data-start=\"6104\" data-end=\"6145\">\n<p data-start=\"6106\" data-end=\"6145\">Falling confidence in fiat currencies<\/p>\n<\/li>\n<li data-section-id=\"vcnjjk\" data-start=\"6146\" data-end=\"6187\">\n<p data-start=\"6148\" data-end=\"6187\">Increasing geopolitical fragmentation<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"6189\" data-end=\"6300\">Taken together, these trends form what some economists believe could become the <strong data-start=\"6269\" data-end=\"6299\">next major monetary crisis<\/strong>.<\/p>\n<p data-start=\"6302\" data-end=\"6408\">If that crisis accelerates, gold may continue to signal the warning\u2014but <strong data-start=\"6374\" data-end=\"6407\">silver could amplify the move<\/strong>.<\/p>\n<p data-start=\"6410\" data-end=\"6559\">For investors concerned about inflation, currency risk, and long-term wealth protection, understanding these signals may be more important than ever.<\/p>\n<hr data-start=\"6561\" data-end=\"6564\" \/>\n<h2 data-section-id=\"owh7zv\" data-start=\"6566\" data-end=\"6588\">About ITM Trading<\/h2>\n<p data-start=\"6590\" data-end=\"6833\">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\u2019s economic threats.<\/p>\n<p data-start=\"6835\" data-end=\"6881\"><strong data-start=\"6835\" data-end=\"6879\">THINKING ABOUT PURCHASING GOLD &amp; SILVER?<\/strong><\/p>\n<p data-start=\"6883\" data-end=\"7018\">Get expert guidance from our team of analysts with 28+ years of experience.<br data-start=\"6958\" data-end=\"6961\" \/>&#x1f449; <strong data-start=\"6964\" data-end=\"6993\">[<a href=\"https:\/\/calendly.com\/itmtrading\/500?utm_content=DC05052025\" target=\"_blank\" rel=\"noopener\">SCHEDULE YOUR CALL HERE<\/a>]<\/strong> or call <strong data-start=\"7002\" data-end=\"7018\">866-706-9061<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is gold quietly warning the world that something is about to break in the global financial system? That\u2019s the hyperinflation warning [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":38621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2922],"tags":[1332,2450,2793,3145,3311,3682,4391,4486,4972,4989,5260,7779,8193,8194,8195,8196,8197,8198],"class_list":["post-38620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daniela-cambone-show","tag-precious-metals-investing","tag-currency-devaluation","tag-safe-haven-assets","tag-daniela-cambone-show","tag-gold-price-outlook","tag-gold-market-analysis","tag-financial-crisis-preparation","tag-silver-price-prediction","tag-hyperinflation-warning","tag-silver-bull-market","tag-economic-collapse-warning","tag-macro-investing","tag-mark-thornton-interview","tag-why-silver-is-bullish","tag-gold-vs-silver-investing","tag-inflation-crisis-2026","tag-central-bank-money-printing","tag-protect-wealth-with-metals"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/38620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=38620"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/38620\/revisions"}],"predecessor-version":[{"id":38622,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/38620\/revisions\/38622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/38621"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=38620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=38620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=38620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}