Bert Dohmen: Gold May Drop First, Then "Fly Sky High" as Liquidity Risks Build

Veteran market commentator Bert Dohmen returned to Kitco News to revisit his 2026 warning, arguing that markets are heading toward a liquidity squeeze as institutional investors shift risk onto retail buyers while deeper system fragilities remain underappreciated. In the full interview, Dohmen points to private credit as a key fault line. He says large funds are freezing redemptions and becoming trapped by leverage, a dynamic he believes could pull broader markets "into the abyss." He also challenges conventional thinking on the Federal Reserve and inflation, contends that coming global resource constraints could trigger fresh shocks, and lays out his timeline for when gold and silver may form a bottom before moving sharply higher. Recorded April 27, 2026. Selected timestamps: 0:00 Intro; 0:55 2026 Warning Tested; 02:37 Distribution and Overvaluation; 05:08 Private Credit Leverage Trap; 12:57 AI Hype and Defensive Plays; 22:38 Metals Dip Then Surge; 24:29 Time Horizon Over Trading; 26:27 Know Your Portfolio; 28:19 Fed Bailouts and Inflation; 34:12 Energy Shocks and Wrap Up.