Wealthion · Thursday, July 16, 2026
Mark Thornton predicts that as the global economy enters a recession, central banks worldwide will increase money printing due to increased spending and decreased tax revenue. This expansion of money supply is seen as the primary driver for higher gold and silver prices.
“And, you know, unfortunately, Austrian economics doesn't really, uh, teach us the tools. And that's why I, you know, I pay attention to, uh, the social media channels and the technicians, um, and other areas, uh, the financial people, uh, definitely I like to see the people who are working the numbers, uh, to provide us with hard data concerning our speculations about the economy moving forward.”
“But again, the, the overall major thesis for gold and silver is what the federal government is doing in terms of its debt and its deficit. And what the federal reserve is doing in terms of expanding its money supplies, lowering real interest rates, um, and trying to suppress, uh, or repress the financial sectors.”
“And I think what we're looking at moving forward as the global economy sinks into the next recession is that they're all going to be spending more money, they're all going to be taking in less money in taxes. And they're all have to borrow more money and therefore print more money.”