NYAIR Episode 51
Gold at $10k (Sooner Than You Think)
Experience NY-AIR’s boldest discussion yet as Daniel Oliver, founder of Myrmikan Capital, makes the case for gold at $10,000—sooner than you think. In this in-depth episode, discover the hidden logic of gold’s value, the real drivers of monetary debasement, and what every financial professional must know to protect capital in an era of historic credit bubbles, currency volatility, and policy risk.
Featured Guests
Daniel Oliver
Founder & Managing Member, Myrmikan Capital, LLC
Daniel Oliver is a recognized thought leader in monetary economics, gold investing, and historical market cycles. As founder and managing member of Myrmikan Capital, he leads one of the world’s most respected research and investment firms in junior gold and silver mining. Daniel’s career spans private equity in Latin America, corporate law at Simpson Thacher & Bartlett, and the co-founding of multiple venture-backed companies. He is Director at Guanajuato Silver Company and President of the Committee for Monetary Research and Education. Daniel is a frequent speaker on monetary history, credit bubbles, and systemic risk, with degrees from Vanderbilt, Columbia Law, and INSEAD.
Key Insights From This Episode
Gold’s Real Utility: Market-Driven Money
Gold became money through millennia of free-market evolution, not government edict. Its unique physical and economic properties enable it to serve as the ultimate store of value and stabilizer during systemic shocks.
Why $10,000 is ‘Conservative’
An exponential Fed balance sheet, collapsing asset backing, and unsustainable central bank policies make $10,000 gold a rational reversion—not a moonshot. Equilibrium might even imply $20,000–$25,000 in times of panic.
Credit Bubbles Always End the Same Way
Artificially suppressed rates and asset inflation, driven by excess credit creation, set the stage for inevitable collapse—regardless of fiscal or monetary regime.
Gold vs. Crypto: There’s No Comparison
Despite crypto’s appeal, only gold—backed by centuries of trust, constant marginal utility, and supply discipline—acts as true free-market money. Crypto’s volatility and lack of supply mechanisms undermine its “store of value” claim.
Practical Strategies for Wealth Preservation
A layered approach—some physical gold, direct allocated bullion, and only minimal paper proxies—balances liquidity, sovereignty, and true counterparty risk mitigation.
Access the Full Conversation
Don’t miss the full episode and custom insights deck, packed with practical guidance for asset allocators, investment committee members, and private clients. Whether you’re defending portfolios from inflation, repositioning in a zero-rate world, or simply questioning today’s monetary orthodoxy, this is essential listening for the global gold and macro investor.
Soundbites Worth Saving
“Gold is completely unique in economic history: both scarce and broadly distributed. That’s why the market, not governments, has always chosen it as money.”
— Daniel Oliver, Myrmikan Capital
“The market will re-value gold to reflect the Fed’s balance sheet—just as it did in 1980. That’s not a panic, it’s a return to long-term equilibrium.”
— Daniel Oliver, Myrmikan Capital
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