Episode Details

Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence. Has gold already peaked? McGlone makes one of his most controversial calls yet: the gold bull market may already be over. He argues that gold, silver, and even Bitcoin have likely topped following a historic run and warns that markets may now be entering a prolonged period of mean reversion. He outlines why he sees gold falling toward $3,000, silver dropping to $50, and Bitcoin potentially plunging to $10,000. The conversation expands beyond metals into a broader macro warning, with McGlone calling for a potential 50% drawdown in equities and a deflationary reset driven by an energy shock and global recession.

In this episode of The Real Story:

- Has gold already peaked?

- $3K gold: realistic or extreme?

- Silver outlook: why $50 could be next

- Bitcoin’s path to $10,000

- Are we at an “everything top”?

- Stock market crash risks (50% drawdown scenario)

- Deflation vs inflation: what comes next

- Energy shock and global recession risks

- De-dollarization vs dollar dominance debate

- Where investors can hide if everything falls

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Join Miles Franklin Media for unfiltered financial and economic news and insights. Through expert interviews and real market intelligence, we cut through the noise and challenge the mainstream narrative. Anchored in the principles of sound money, we uncover the truth about money, markets, macroeconomics, geopolitics, and power – delivering credible insights to help you protect your wealth, future, and freedom.

🏦 About Miles Franklin

Miles Franklin is a trusted leader in wealth preservation, with over $11 billion in precious metals sales since 1989. Specializing in gold and silver, we help clients safeguard their wealth with real assets that stand the test of time.

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Disclaimer: The views and opinions expressed in this video are those of the individual speakers and do not necessarily reflect the views of Miles Franklin Precious Metals, its affiliates, owners, anchors, producers or hosts. This content is provided for informational and educational purposes only and is not intended as financial, legal, or investment advice. Nothing said in this video should be construed as a recommendation to buy or sell any financial asset. You should always consult with a qualified financial advisor, legal professional, or tax expert before mak