Kevin DeMeritt, CEO of Lear Capital, detailed the potential impacts of ending the Federal Reserve and the future of precious metals markets during a recent appearance on the “Redacted News” podcast. DeMeritt addressed growing support for returning to a gold standard amid concerns over the U.S. dollar's declining global position and record national debt levels.
DeMeritt highlighted significant economic indicators driving market sentiment, including the 24% decline in U.S. dollar value since 2020 and central banks holding their lowest dollar reserves since 1999. He noted the U.S. government now borrows $2.7 billion daily just to service interest payments on its $37 trillion debt.
"Getting rid of the Fed and returning to a gold standard would strengthen the dollar and maintain its world reserve currency status," DeMeritt said. "While the transition would have consequences, backing even a portion of U.S. currency with gold would create essential controls on money printing and restore predictability to our monetary system.”
The precious metals expert pointed to silver’s critical role in renewable energy and technology infrastructure. Current silver prices represent a 40% discount from all-time highs, despite the metal experiencing its largest supply deficit in 20 years.
“The solar industry’s demand for silver is insatiable, and you can’t have solar without silver,” DeMeritt explained. “Unlike gold used in electronics, silver in solar panels becomes a permanent paste that can’t be recycled unless prices reach $270 to $280 per ounce."
DeMeritt also noted major financial institutions’ bullish outlook on precious metals, including Bank of America's $3,000-per-ounce gold target and Citibank's recommendation to “buy the dips” amid accelerating global de-dollarization. He noted that gold prices rose 54% during President Trump’s first presidency and projected potentially greater gains given current monetary policy proposals.
The full interview is available for streaming on Lear Capital’s YouTube Channel. For more information about precious metals investment opportunities, visit learcapital.com.
About Lear Capital
Since 1997, Lear Capital has been a trusted name in the precious metals industry, providing expert guidance and tailored solutions for investors. With a commitment to transparency and customer education, Lear Capital empowers clients to make informed decisions about incorporating gold, silver, and other precious metals into their long-term financial strategies. For more information or to download the silver market report, visit https://www.learcapital.com or contact one of the firm's knowledgeable representatives at 800-576-9355.
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Contact: Matt Konigsmark
Email: press@learcapital.com