
Gold Is Going to $7,800, And the Fiscal Math Explains Why | Luke Gromen
Luke Gromen joins Jim Iuorio and Bobby Iaccino on Futures Edge to break down why mounting U.S. fiscal pressure could create a powerful long-term setup for gold, including why he believes $7,800 gold within the next five years is entirely plausible.They examine pressure in the Treasury market, Japan and the yen carry trade, fiscal dominance, negative real rates, and why stocks can continue rising in dollar terms while losing value against gold. The conversation also turns to AI. Luke explains why the “easy” AI trade may be over, how rapidly improving Chinese AI models could challenge the economics behind massive U.S. AI investment, and why extreme valuations leave little room for disappointment.Plus, they discuss oil, China’s growing leverage in global energy markets, the Iran conflict, EV adoption, and whether AI-driven job displacement could eventually force policymakers toward universal basic income.Timestamps00:06 Luke Gromen Returns to Futures Edge01:13 Japan, the Yen & U.S. Treasury Risk02:16 Why the U.S. Fiscal Math Is Breaking05:32 “The Debasement Trade Is Back”06:09 The Dollar & Yen Carry Trade Problem09:01 Could Gold Reach $7,800?10:32 Luke Gromen’s Case for Higher Gold12:25 Who Still Wants 30-Year Treasuries?14:09 Stocks in Dollars vs. Stocks in Gold15:37 Should Investors Keep Buying Gold?16:51 What Was Holding Gold Back?18:47 What Could Go Wrong With the AI Boom?20:13 China’s Threat to U.S. AI Economics23:47 Chinese AI vs. Western AI27:37 America and China’s Different AI Strategies30:44 Is the Easy AI Trade Over?33:12 Are Stocks Already in a Bear Market vs. Gold?34:33 Will AI Make Universal Basic Income Necessary?39:56 Where Oil Prices Go From Here41:37 Oil, Treasury Yields & China43:04 China’s Growing Control Over the Oil Market47:38 Why Oil May Top Out Near $9450:47 The Gold-to-Oil Ratio & Petrodollar Stress51:20 Where to Follow Luke Gromen Newsletter https://the-unfiltered-investor.beehiiv.com/Follow Luke Gromenhttps://x.com/LukeGromen?lang=enStay Connected With Us https://x.com/bob_iaccino https://x.com/jimiuorio https://www.linkedin.com/in/bob-iaccino/ https://www.linkedin.com/in/james-iuorio/ 𝐃𝐨𝐧'𝐭 𝐟𝐨𝐫𝐠𝐞𝐭 𝐭𝐨 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 For business inquiries: haley@haynowmedia.com













