America's Trillion-Dollar Gold Revaluation Has Already Begun! | Truth Block

**Hurley** (0:00)
Something strange happened this week. Inflation came in below target, and just like that, the printer's path is clear. Bitcoin popped above 65k, but gold slipped back under 4,000 an ounce. And the silver chart looks like a meme coin after the dump. So which is it? Is the hard money trade dying, or is something bigger going on? Because the most respected gold bull and macro just went on record saying gold is still going to $10,000 an ounce and will replace the US dollar before 2030 And buried inside his argument is the single most bullish case for Bitcoin we've ever heard. And did Scott Bessent just confirm the gold evaluation theory on live TV? This is Truth Block, I'm Hurley, let's mine truth.
On Tuesday, the core inflation print came in at 2.6%, which was below expectations. Wednesday, producer prices came in at 5.5% against a 6.2% forecast, which is the biggest monthly drop in over a year. The market read these data points instantly as the odds of a rate hike this year collapsed to just 4%.
Now, a lot of people might be confused at what Bitcoin did during all of this, because we were all taught that Bitcoin is an inflation hedge. So why did it rally up to 65K when inflation falls? I just love how Bitcoin answered this on X.
He says the inflation hedge framing is far too small. Bitcoin is a parallel financial system. It runs on liquidity in the path of the printer. And inflation slightly below target simply means the last excuse for tight money is leaving the building. Meanwhile, the oldest hard money on earth has had a rough week. Gold broke below 4000 an ounce for the third time in a month. $14.4 billion has walked out of GLD, the spot gold ETF, since March. And silver is down more than half from its January peak, and the chart looks more like a meme coin collapse than the second hardest monetary metal on earth. So if the debasement trade is real, and gold is still going to $10,000 per ounce, why does it look like it's dying? Hold that question, because it's weeks like this when people make the mistake they regret for years. Panic selling coins, they spent a whole cycle stacking. That's the exact problem Ledn was built to solve. With Ledn, instead of selling your Bitcoin, you borrow dollars against it. With Ledn, your stack stays yours. Your upside stays yours. And you get the cash you need without handing your coins to the taxman or timing the bottom wrong. Ledn has been doing this for years. With proof of reserves, you can actually check. So head to learn.ledn.io/simply to see how it all works.
Now let me introduce you to the strongest gold case being made anywhere right now.
Luke Roman. I'm sure you've heard of him. One of the sharpest macro mines alive. He sat down with gold commentator Dominic Frisby recently, and they talked about gold for an hour. Now Roman sees the same ugly charts we all walk through, but they don't shake him at all. He thinks the market has this one completely wrong. And as you listen, pay attention to the reason he gives for why gold, of all things, is the one asset that can absorb what's coming.

**Dominic Frisby** (2:56)
Perhaps the reason the gold price is only $4,000 is that this is not widely understood what's going on. And once it becomes a bit more explicit, then once the story is better known, then I guess we're talking about a gold price in the tens of thousands.

**Luke Grohmann** (3:10)
I agree. I think that's exactly it.
This is still viewed with a high degree of skepticism, which is fascinating to me because you can... Seymour Hersh famously said, the biggest stories are sometimes out in the open. Yeah. And this is right out in the open. You can see six of the last eight months, number one exporter of the United States of America, bigger than oil, bigger than jet engines, bigger than pharmaceutical preparations, gold, useless pet rock gold. You can see what the Chinese are doing. You can see what they've been doing. You can see what central banks are doing. You can see the price rising. I mean, if you and I were sitting down doing this interview even four or five years ago, you can go ask any of your contacts in gold, four or five years ago, if I would have gone to you and said, gold's at 5,500, what's going on outside? They would be, oh, there's zombies walking the street, economic collapse. And that's been part of it too, where gold went to 5,500 and the sun came up and the lights came on and the market still worked. And the beauty of gold, there's a lot of things that are beautiful about it, but the beauty of gold is it's not used for anything. It's ironic. The very thing that most people detract from gold, it's not used for anything, are why it's so useful as a monetary asset, as a reserve asset, because look, gold could go to a million, and what's gonna get hurt? Now, take corn. Take corn to $1,000 a bushel as a reserve asset. What's gonna happen? Six billion people are gonna starve. Take oil to $1,000 a barrel to make it the reserve asset to back the dollar like we did in the 70s, right? What's gonna happen? Hey, the world economy collapses at 150 What does everybody say they want, both the Chinese and the Americans? Americans want the Chinese to consume more and produce less.