Don Durrett: 2026 is the Last Year of American Greatness Which Brings a New Gold All-Time High

During the podcast, host Tom Bodrovics and guest Don Durrett, an author, investor, and founder of Goldstockdata.com, discussed the current state of the metals and mining markets, with a particular focus on gold and silver. Durrett emphasized his strategy of buying during market dips, which he has applied successfully in recent months. He noted that gold experienced a significant correction, dropping from $5,600 to around $4,100, and has since rebounded to nearly $4,600. Durrett attributed this volatility to the geopolitical tensions and the U.S. economy's struggles, including high debt levels and inflation. Durrett expressed his belief that the U.S. economy is on a declining trajectory, heavily reliant on foreign investment, and heading towards a recession. He predicted that gold and silver prices will rise significantly due to the U.S. government's potential inability to service its debt and the fragility of the bond market. He set a target of $7,000 for gold and $200 for silver within the next 24 to 36 months, citing the unsustainable debt levels and economic management practices as key drivers. The conversation also touched on the potential impacts of an energy crisis, with Durrett noting that while higher oil prices pose risks to gold mining operations, the industry has margins that can withstand increases up to a certain point. He also discussed the potential for a digital currency reset, which could devalue the U.S. dollar and lead to a quasi-default on U.S. debt. Durrett highlighted the importance of monitoring the geopolitical situation, particularly the tensions in the Middle East, which could impact oil prices and global economies. He expressed pessimism about the likelihood of a swift resolution to the conflicts and the potential for Iran to gain leverage over oil prices. Despite these challenges, Durrett remains bullish on gold and silver, expecting new all-time highs by the end of June and viewing any corrections as buying opportunities.