Global BUST Into Money Printing 'Like Never Before' - Then $20k Gold, $1k Silver: David Hunter
Commodity Culture Aug 20, 2026
Summary
Hunter forecasts a global credit crisis bigger than 2008, then the Fed printing money like never before — possibly $20 trillion or more.
He targets silver at $200 this cycle and gold at $7,000, then sees $20,000 gold and $1,000 silver once a new commodity-led cycle begins.
Before the bust, he expects a parabolic blow-off to S&P 10,000 and Dow 70,000, then an 80% drawdown similar to Japan's 1989 lost decades.
He expects the next cycle's leadership to flip from tech and AI to commodities, with gold, silver, and copper producers benefiting as inflation returns.
His defensive playbook for the coming bust is long-duration Treasuries and FDIC-insured savings, as he expects the 10-year yield to fall toward zero.
Michael Oliver's takeaways
- Top takeaway The host attributes a bold silver call to Michael Oliver, saying Oliver believes silver could reach $1,000 within one year, though the host clarifies Oliver framed this as something that 'wouldn't shock him' rather than a hard target.
- David Hunter says he cannot get himself to Oliver's silver numbers but does not dismiss his experience, noting it is possible his own $200 cycle target gets exceeded.
Ian Everard's takeaways
- Top takeaway The host introduces Ian Everard as owner of Ark Silver Gold Osmium and praises him as 'one of the most honest and level-headed bullion dealers in the United States,' with Everard sponsoring the segment.
- Everard is presented as the contact for viewers to buy gold, silver, and osmium, with a phone number and email given for viewers to reach him.
David Hunter's takeaways
- Top takeaway David Hunter reiterates his call for a global credit bust bigger than 2008-09, predicting that once the financial system is free-falling, central banks (notably the Fed with about $20 trillion) will print money at a scale never seen before.
- Hunter remains bullish on broad indices for the remainder of 2026, raising targets to S&P 10,000, Nasdaq 36,000, Russell 4,000, and Dow 70,000 — roughly 25-30% upside he expects before the top.
- Hunter projects silver at $200 this cycle and gold at $7,000, with both likely to retrace 50-75% during the bust before silver could run toward $1,000 and gold toward $20,000 by 2032-33 from lower bases.
- Hunter argues the 44-year secular bull market that began in August 1982 is ending, with the equity peak likely in 2026 and the bond secular bull peaking late 2027 or early 2028, as PE multiples compress once rates climb from zero toward 20%.
- Hunter advises rotating from today's tech and AI leaders into commodities, miners, copper, gold and silver producers, and industrial stocks for the next cycle, while holding Treasuries and FDIC-insured savings to weather the coming bust.