Expert: Central Banks Are Preparing to Reprice Gold and End Dollar Dominance

Kientz asserted that a major financial shift is already underway. He cited the influence of Basel 3, which elevates gold to a High-Quality Liquid Asset (HQLA) on par with cash at central banks, and noted the corresponding massive gold purchases by these institutions. According to Kientz, this trend points to a future where "we're going to measure everything in gold."

This transition is underpinned by the diminishing role of the US dollar. He highlighted a significant shift, stating that "the amount of dollars held in foreign accounts is less than 50% of the total of global currencies held," which is "a way of saying that the de facto dollar standard as a world reserve currency is over."

While the long-term trend for precious metals remains strongly bullish, Kientz explained that short-term price volatility is often manufactured. He detailed how prices are determined in the massive derivative markets, primarily the COMEX in the US and the over-the-counter (OTC) market in London.

"The prices of commodities are determined in the derivative markets," Kientz stated. He explained that these markets involve more claims on gold and silver than the actual physical metal, allowing large players to gain exposure to the price.

A core issue, Kientz pointed out, is the manipulation of these markets by powerful financial entities. He revealed that "four big banks hold most of the short positions in the precious metals, specifically gold and silver," naming Bank of America, HSBC, and Citigroup as three of them. He strongly suspects that the customers for these short positions include sovereigns looking to manage the price.

Kientz referenced a previous fine levied on JP Morgan for manipulating the silver and treasury markets, noting the sheer scale of the operation: "They make a billion dollars a year on these types of trades. It's big business." This short-term manipulation is "very damaging to precious metals investors and it can be very frustrating," but it is primarily "just repositioning" ahead of new contracts and trade deals, he argues.

On the dramatic pullback in silver after breaching the critical $50 level, Kientz said it "automatically sets off alarms with authorities," who need cheaper prices for industry and to control the price so "it doesn't expose the dollar too quickly." He mentioned a recent move by the US government, which named silver a critical mineral this summer, spending an impressive $4.5 billion to purchase silver and develop new mines.

Beyond the metal markets, Kientz raised serious concerns about the global push toward a completely digital financial system, tying it to a dramatic loss of personal freedom and sovereignty. He described the rollout of CBDCs and stablecoins as a mechanism to capitalize the new currencies, reset the gold price, and allow governments to "write off all the old debts."

Kientz connected CBDCs to the global implementation of digital IDs. He noted that as of his research, 27 countries around the world have implemented digital IDs in the last four months, up from 17. He cited chilling examples of this system already in use:

Kientz urged the public to protect their wealth and liberty by acting now, with the CBDC and digital ID system expected to be completed globally by 2028.

For investors, he advised a practical approach to buying physical precious metals:

Ultimately, Kientz stressed the importance of political engagement, saying that only a "consistent vocal minority that goes to the state houses" is needed to fight back. He urged listeners to educate their local state representatives on these issues, as they are often unaware of the system being put in place "above the federal level."