We are writing Bretton Woods 2.0; U.S. will ‘write up’ gold price to pay debt, says Dr. James Thorne

https://www.kitco.com/news/article/2025-11-11/we-are-writing-bretton-woods-20-us-will-write-gold-price-pay-debt-says-dr

The United States has crossed a critical fiscal "Rubicon" that signals the"end of the empire"and is now setting the stage for a"Bretton Woods 2.0"monetary reset where gold will be officially "written up" to help pay down sovereign debt.

That is the stark forecast from Dr. James Thorne, a Ph.D. in economics and Chief Market Strategist at Wellington Altus Private Wealth.

In a wide-ranging interview with Kitco News on Monday, Thorne argued that the U.S. has reached a point of no return, exemplified by the ongoing 40-day government shutdown and a historic fiscal crisis.

"Interest payments… on the debt in the United States… was greater… [than] the expenditure on the military, and that is typically the Rubicon," Thorne stated. "When you cross, that signifies the end of the empire… We're at this point where the system has to be recalibrated."

According to Thorne, that recalibration will be a deliberate reflation policy to manage the "excessive level of debt… at Napoleonic war levels."

He believes the solution, already being hinted at by policymakers, will be a formal re-pricing of assets - including gold - on the government's balance sheet.

"…why wouldn't they write up the assets? … Why shouldn't they write up [Gold] the assets and use that to basically pay down the debt?"Thorne asked. "People [are going to] recognize the fact that we are writing Brenton Woods's 2.0… And gold will be a key contributor."

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