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Martin Armstrong: Why The World Order Will Collapse in 2032 | Gold, Oil & The US Dollar

Palisades Gold Radio Aug 4, 2026

Summary

Armstrong argues Iran is playing '3D chess' — targeting Gulf states' finances through Hormuz and Dubai attacks to trigger a debt crisis.

He forecasts gold reaching $7,000-8,000 and possibly $11,000 by 2032 as capital flees wars into US assets.

He expects higher oil prices even in recession, producing stagflation (inflation plus stagnant growth) that defeats Keynesian rate-hike policy.

He warns Japan, the Gulf, and Europe face the likeliest sovereign debt crises after negative rates wrecked European pension funds.

His computer model points to 2032 as the collapse of republican government, with a commodity bull market running from 2027.

Martin Armstrong's takeaways

  • Top takeaway Forecasts gold reaching at least $7,000-$8,000, with a shot at $11,000, by 2032 as his computer model shows a strong metals bull market from 2027 onward.
  • Says metals will likely keep declining at least into August 2026, possibly into early 2027, before that bull market begins, so timing is the key.
  • Argues his computer model shows 2032 bringing the collapse of republican forms of government, with sovereign debt defaulting rather than reverting to average levels.
  • Contends Iran is playing '3D chess' by squeezing Gulf oil sales to trigger a banking crisis, and flags Japan and the Middle East as the likeliest sovereign debt crisis points.
  • Predicts oil prices move higher over the next few years on Strait of Hormuz, Red Sea, and Russian refinery disruptions, producing 1970s-style cost-push stagflation that defeats Keynesian rate policy.

Stijn Schmitz's takeaways

  • Top takeaway Frames the gold rally as a fiat-currency debasement story rather than a US dollar story, noting $11,000 gold by 2032 implies roughly a 60% loss of the dollar's purchasing power.
  • Presses Armstrong on whether even $11,000 gold is too small relative to the reset needed to bring sovereign debt back to long-term average levels.
  • Sets up the oil outlook by contrasting the recession call, with a potential bottom around 2028, against what he sees as imminent physical oil shortages.