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Deflationary Shock: Gold to $4,000 & Oil to $40, just like 2008 | Mike McGlone



Deflationary Shock: Gold to $4,000 & Oil to $40, just like 2008 | Mike McGlone

In this high-stakes episode of Soar Financially, host Kai Hoffmann is joined by the sharp and fearless Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence. From warnings of a 1929-style crash to bold calls for gold at $4000, Mike delivers an unfiltered, data-packed breakdown of what’s next for commodities, deflation, tariffs, and the broader markets. Is China heading into a Japan-style collapse? Will Trump’s economic agenda flip the script? And is copper flashing red for recession? Strap in for an urgent, no-holds-barred market forecast that covers it all.
#gold #commodities #macroeconomics
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👨‍💼 Guest: Mike McGlone, Senior Commodity Strategist
🏢 Company: Bloomberg
𝕏 @mikemcglone11
📅 Recording date: April 3rd, 2025

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0:00 – Intro: Welcome to Soar Financially
00:39 – Kai’s Intro & Mike McGlone Returns
01:15 – “Economic War” and What It Means
03:20 – Are We Headed for a 1929-style Crash?
06:05 – Market Mean Reversion Explained
07:42 – Oil Outlook: Why $40 Is on the Table
10:30 – Trump, Inflation & Tariff Impacts
13:00 – Why This is a “Deflationary Shock”
15:14 – Doctor Copper Flashing Recession
17:35 – China’s Deflation Spiral = Japan 2.0?
20:45 – Global Export Crisis & the End of Free Trade
23:18 – Gold vs S&P 500: Heading to 1:1?
24:40 – Gold vs Bonds: New All-Time Ratio
26:12 – $4000 Gold & the Next Big Trade
28:06 – Margin Calls, Liquidations & ETF Flows
30:10 – Bitcoin, Crypto & the Dotcom Parallel
32:00 – Final Thoughts: Japanification of the U.S.?
33:10 – Where to Follow Mike McGlone

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#Gold #Commodities #Macroeconomics #Deflation #MarketCrash #Recession2025 #MikeMcGlone #SoarFinancially #StockMarket #Investing #Tariffs #OilPrices #CopperPrices #ChinaEconomy #GoldVsBitcoin #FederalReserve #Geopolitics #Inflation #Bloomberg #GoldForecast

View 49 Comments

49 Comments

  1. @AbdulEssa-kp4vf on

    Why do the Zionists always view the world from their perspective? Before Western Colonial powers invaded India, China, Iran and Russia, these were the dominant economic forces in the World. There was no such thing as the US market. The US market is primarily driven by expensive debt, feminism, falling populations and racism. To keep the US economy growing it needed 13 million migrants which were mainly illegal. This was done by design to lower the wages of US citizens while the Zionist Media such as Fox News, and MSNBC, would hold the hope of being something big in the US by following the American dream.

  3. @Moiradear on

    Kai, could you please turn your microphone UP … your guest is always better to hear than you … and turning MY loudness higher doesn't help … please ? Its not just now, but actually always … that's why I'm asking ❤. Brgds, Lianne

  4. @billm3589 on

    I’m not at all intimidated about the drop in the market. Obviously knowing the multiple balloons ripe for crash I took many precautions over the past few months and survived & substantially profited the past few days. As expected the initial reaction of the tariffs would yield a substantial downside. I do believe it will be short lived and the market will settle down for a time then begin to rise perhaps fast depending on how fast international trade corrects the tariff disparity levied against the USA for years. With the influx of industry (trillions) already & lot more to come; the drop & oil (& drill baby drill); new tax laws we will be on a fast rack to prosperity soon. ALSO I am looking to lunge heavily into silver (held my positions but added puts as the drop was beginning rolled down taking profit to buy both puts and adding calls now) I see silver as a great buying opportunity

  6. @BrianS-c8r on

    $1 trillion wasn't wiped out. It just changed hands from the people to the corrupt financial institutions. That's because they shorted it made a ton of money

  9. @rooftime4730 on

    All the influences that normally drive gold and silver are not true , silver won't go up higher in percent than gold when rising , not happening . gold goes up when rates go down , bull. When there is unrest , not working . All they can do and will do is sell more paper , it will never end , getting out of manipulated metals .

    Reply

  12. @GaryThompson-g4t on

    Very revealing. While left wing Davos billionaire Michael Bloomberg preaches “you will own nothing and like it”, he employs veteran, savvy traders like McGlone who essentially endorses Trumps policies while making millions off his trading. Probably pays for his entire lefty news organization off this guy’s trading.

  13. @ranemorais on

    Thanks for the informative video 😍👏… but I think building wealth is about determination and the right approach. Some people work for 40 years to have a small income in retirement. Others make a fortune with the right money and guidance. I want to thank Bradwell Tomas for giving me crypto education

  14. @VitaLona-r8q on

    i appreciate you sharing that! i have a quick off topic question: i have byybitt with money, and i possess the words: pet monitor chat lens bus amateur share company onion fire live ankle. what is the process deposit them to binnance ?

  18. Anonymous on

    2008 gold dropped from $875 to $675 a 1/3 drop, silver dropped from $19 to $9 a 50% drop oil from $150 to $30 an 80% drop ! In a great recession everything goes the same way, and it ain't up!

  19. @StaticCollapse on

    US trade deficit is used to make the US dollar dominate, Trump wants to keep the US dollar as the world reserve currency but then impliments tarrifs to reduce the US trade deficit 😂 this is a joke. US exports inflation, China exports deflation. Get your shit right!

  28. @heatherb7042 on

    So you disagree with Milton Friedman that inflation is a 100 percent from over printing of money?
    Tariffs I agree I just are bringing the chickens home to roost from Biden's deficit spending.

  29. @mikythesaint6507 on

    Its seems everything done in USA , or in fact every country is inflationary. So one might say we are in a Global sovereign debt crisis. So expect much more inflation in every country. your fiat currency is on its way to Zero. 😞

  30. @mikythesaint6507 on

    Gold is not that overbought. just wait until retail gets in on it. 😞 they don't want you in this asset, but they want lots of this asset(The central banks) 😞 1/2 of 1% of the world population own gold , probably less Bitcoin. when you have soaked that in. You want to buy more. 🙂

  33. @heatherb7042 on

    That's interesting, my landowner millionaire friends voted for Trump. So of prices go down according to your show Trump shouldn't get credit? Seems like some biased in here.

  36. @jayman1776 on

    Deflation eventually will take gold prices down temporarily like all other recessions. But when the government lowers interest rates and injects liquidity, gold could eventurally go much higher over the years. China exported 3.57 trillion last year. $438 billion was to the U.S. If the China exported less to the U.S. due to tariffs it would only put a small dent in their total exports. However, if there is a global recession China's exports to all countries will come down for a couple years which will worsen their economic problems.

  37. @YuliaPetrovna-c9i on

    I'm retired at 47, This video here reminds me of my transformation from a nobody to having over 65,000 biweekly profit, a honest partner and a good daughter full of love ❤

  38. @Yukiwhyte on

    Love Mike on any shows. But he got China wrong this time. China is not like Japan in 1990’s. China has a surplus of 100 Billions monthly. China trades with rest the world especially through Belt and Toad initial. China has prepared for fighting a war with US since 20 years ago. The reason is that in the past 20 years day in day out US wanted to contains China. China is a nation of pride with over 5000 years history. They do not want to surrender USA like Japan. They have built up their own supply chains in every industry. They are now ready to take on US for any type of wars they want to fight.

  40. @ask_why000 on

    If investors need presidential pimping and pumping of their portfolios and the Federal Reserve slashing rates for them to thrive … well, that's their problem.

  41. @kermitNabors on

    These past few days watching my portfolio decline is very disheartening. Holding doesn't really profit much. Any ideas on how to earn better on the short run.

  42. @JeffMoore134 on

    Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.

  43. @CollinsRealty on

    Our allies will never trust us again so no it’s not something fixed easily with a stroke of a pen, nice thought though but trust isn’t something so easily fixed.

  46. @DarR1299 on

    It really irks me when I hear authoritative people who don't know the definitions of the terms they are using.
    Deflation is a contraction of the money supply increasing its purchasing power. The last such episode was in the 1930s.
    A contraction in demand is not deflation. It's just a supply / demand imbalance leading to lower prices.

  48. @oreoandoz7723 on

    The arrogance of assuming that America is THE global superpower and the center of the economic universe – Trump has effectively cut America off from the global market with these tariffs. Liberation Day, indeed – for the rest of the world. We'll ink new deals, we'll trade with each other, we'll emerge far stronger now that bully America has decided to self-isolate. We will easily go on without you, while America under Trump will cease to be a global super-anything.