# Global Macro Update: Gold, Silver, Bitcoin, and the Breakdown of the WTO Era

Page: https://stenobird.com/podcast/the-bitcoin-layer-7070444/global-macro-update-gold-silver-bitcoin-and-the-breakdown-of-the-wto-era
Text version: https://stenobird.com/podcast/the-bitcoin-layer-7070444/global-macro-update-gold-silver-bitcoin-and-the-breakdown-of-the-wto-era.md
Podcast: [The Bitcoin Layer](https://stenobird.com/podcast/the-bitcoin-layer-7070444)
Published: 2026-01-30T23:23:46+00:00
Episode link: https://youtu.be/8mpiEplIfU8
Audio file: https://cdn.simplecast.com/audio/93f29295-b98b-46ce-9822-223c512497e8/episodes/e1cf2c17-8c55-49c4-8466-0d4ceeabd58e/audio/84bb06db-6046-4e06-b642-9f26f890eaa4/default_tc.mp3?aid=rss_feed&feed=Y2219Riv
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JSON: https://stenobird.com/v1/public/podcasts/the-bitcoin-layer-7070444/episodes/global-macro-update-gold-silver-bitcoin-and-the-breakdown-of-the-wto-era
Duration seconds: 3710

## Resource

In this episode, Nik steps back to assess the massive shifts underway in global markets. With gold surging to record highs, silver collapsing after a historic spike, and Bitcoin struggling versus both gold and the dollar, Nik revisits long-held assumptions about money, Basel III, the Shanghai Gold Exchange, and the end of the WTO era. He explains why gold is reentering the monetary system, how Bitcoin still fits into the layered money framework, and what these changes mean for investors navigating a post-globalization world.

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## Transcript

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