Why Your Gold May Be the Next Target of the State

A new warning is making the rounds in gold circles—and it’s not subtle. Gold Royalty CEO David Garofalo says the logical “next step” for governments drowning in debt could be gold confiscation. Speaking with Daniela Cambone, Garofalo argues the global monetary system is approaching a breaking point as U.S. debt balloons to roughly 350% of GDP.

His view: gold isn’t just another commodity—it’s the ultimate monetary asset waiting in the wings. Confidence in fiat currencies, he says, won’t erode slowly forever. “It happens gradually, then suddenly.” When the switch flips, investors may rediscover gold’s role in a world scrambling for monetary credibility.

Follow Daniela on X: Daniela Cambone

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