Jeremy Szafron, Anchor of Kitco News, sits down with Clem Chambers, founder of anewfn.com, to navigate the latest market volatility and geopolitical risks. Chambers breaks down why the current oil spikes are tactical rather than a long-term strategic shift. He argues that the artificial intelligence boom is a foundational technological leap, akin to the steam engine, which will drive a massive global energy boom requiring all sources of power.
The conversation explores the reality of European deindustrialization as surging energy costs hobble manufacturing in Germany and the UK. In the precious metals market, Chambers explains his thesis that gold is for war and serves as a vital strategic reserve for central banks, projecting a long-term target of $6,000 per ounce. He contrasts this with silver, which he dubs FOMO gold.
Chambers also addresses the growing stress in credit markets, warning that shadow banking and private credit funds are facing defaults as the Federal Reserve drains liquidity from the system. Furthermore, he dismisses the death of the dollar narrative, noting the currency's continued strength against global peers. Finally, Chambers outlines why Bitcoin is behaving as a liquidity asset poised to drop to $40,000 , and why platinum and palladium offer glaring investment opportunities.
Recorded March 9 2026.
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Clem Chambers on X: @ClemChambers ( / clemchambers )
Timestamps:
00:00 Market volatility and oil price spikes
01:30 Is the commodities trade short-term noise or structural
04:45 AI build-out and the coming global energy boom
08:45 European deindustrialization and energy insecurity
14:00 Gold is for war and the $6,000 price target
16:30 The death of the dollar myth and US currency strength
18:00 Shadow banking risks and rising private credit defaults
22:30 Why Bitcoin is dropping to $40,000 amid liquidity drains
30:30 Platinum and palladium as ultimate contrarian trades
34:00 Investment strategy and navigating market noise
#KitcoNews #Gold #Bitcoin #MacroEconomics #Investing #ClemChambers #Silver #EnergyMarkets #ShadowBanking
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