Gold To $17,000? Why A ‘Major Debt Crisis’ Reckoning Is Inevitable | Ryan King

$17,000 gold prediction based on M2 money supply

Renowned gold investor Pierre Lassonde forecasts gold reaching $17,000+ per ounce within five years solely based on M2 money supply expansion and monetary debasement.

Current correction mirrors 1970s cycle

Gold corrected from $5,600 to approximately $4,000, similar to the 1970s when it pulled back from $180 to $110 before surging to $850 amid inflationary pressures.

Hard assets surging against fiat devaluation

Quantitative easing and loose monetary policy have triggered devaluation of fiat currencies against all hard assets including gold, silver, copper, and real estate.

US debt-to-GDP to exceed WWII levels by 2036

Congressional Budget Office projections indicate US debt-to-GDP ratio will surpass 120% by 2036, exceeding World War II highs as politicians prioritize reelection over fiscal restraint.

Crisis extending across major economies

Japan faces widening fiscal deficits and yen collapse, while the UK now spends more on social welfare than tax receipts, indicating a coordinated global sovereign debt reckoning.

Central banks trapped by inflationary policies

Central banks cannot afford to raise rates sufficiently to combat inflation due to unsustainable debt servicing costs, forcing continued money printing that devalues currency.

Equinox transforms balance sheet through mergers

Following the Calibre Mining merger and pending Orla Mining combination, Equinox reduced net debt from $1.7 billion to $400 million while increasing production guidance to 1.1 million ounces annually.

Creation of tier-one senior producer

The combined entity will derive 70-75% of NAV from Canada and the United States, positioning it for premium institutional valuations as a million-ounce producer.

Veteran leadership appointed to combined company

Chuck Jeannes, former CEO of Goldcorp, will chair the merged entity, bringing decades of experience through previous commodity cycles to guide the enlarged operation.

Sentiment shifted from euphoria to extreme bearishness

After reaching all-time highs, gold investor sentiment has evaporated within weeks as late buyers fear a repeat of 2011's crash from $1,900 to $1,100 per ounce.

Capital rotating from miners to AI bubble

Investors have abandoned gold miners for AI stocks, creating a valuation disconnect where miners trade at discounts despite record gold prices and strong margins.