The Old Market Order Is Breaking—What It Means for Gold

In this special edition of the McAlvany Weekly Commentary, we revisit highlights from our June 17, 2026 webinar, When Old Assumptions Fray: Positioning for the New Market Order. David McAlvany examines why the assumptions that shaped the last several decades may no longer fit an environment of persistent inflation, rising debt, elevated valuations, and growing pressure on the U.S. dollar. Morgan Lewis then explores the changing petrodollar system, China’s gold-linked trade infrastructure, and the continued importance of central bank gold demand. We close with three key questions: Can higher interest rates hurt gold, can gold keep rising without retail participation, and could gold eventually reach $20,000 an ounce? To watch the full webinar recording click here: https://us06web.zoom.us/webinar/regis... 0:00 Highlights From Our Recent MWM Webinar 1:35 The Case for Hard Assets 3:16 GDP, AI Spending, and Stagflation 6:06 The K-Shaped Economy and Rising Inflation 9:14 Why Major Stock Indexes Look Vulnerable 11:03 The HALO Case for Hard Assets 16:03 The Petrodollar System Is Breaking Down 18:13 China’s CIPS Network and the Gold-Linked Yuan 24:38 Central Banks Are Still Buying Gold 27:55 Can Higher Interest Rates Hurt Gold? 30:28 Can Gold Rise Without Retail Investors? 33:54 Could Gold Reach $20,000? Thank you for listening to the McAlvany Weekly Commentary. The objective of McAlvany Weekly Commentary is to provide investors with valuable monetary, economic, geopolitical and financial information that cannot be found on Wall Street. Last Week's McAlvany Commentary: When Inflation Topples Governments    • When Inflation Topples Governments   Last Week's Golden Rule Radio: Gold's Quiet Week    • Gold's Quiet Week   ► Connect With Us: https://mcalvany.com/