Gold Just Had Its Worst Week In 43 Years — During An Active War. Something Is Wrong With The System Beneath It | Tom's Deep Dive
Tom Bilyeu's Impact Theory
Impact Theory
4.7 • 5.2K Ratings
🗓️ 31 March 2026
⏱️ 37 minutes
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Summary
In this episode of Impact Theory, we dive deep into one of the most dramatic and perplexing events in the financial markets: gold’s worst week in 43 years—an event made even more shocking by its timing during a major war and economic turmoil. Traditionally seen as a safe haven in crises, gold’s unexpected plunge signals that something far deeper is at play beneath the surface.
Tom unpacks why this isn't just about commodities or geopolitical tension, but about the very plumbing of the global economy—the credit system, specifically the little-understood Eurodollar market that moves money across borders, largely outside the control of central banks. As markets tip into correction territory, oil prices spike, and trust within the financial system erodes, we'll explore how early warning signs—echoing the 2008 financial crisis—are flashing red.
Through a five-part breakdown, you'll learn why credit, not war, may be the true culprit behind the recent commodity crash, how the invisible engine of the global monetary system is seizing up, and what it means for your financial future. Most importantly, Tom offers practical strategies on how to navigate these uncertain times—covering asset allocation, managing liquidity, diversification, and emotional resilience.
Get ready for a timely, eye-opening analysis designed to help you survive—and even thrive—amidst growing financial turmoil.
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Transcript
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| 0:00.0 | Gold recently fell off of a cliff. It had its worst week in 43 years, which is insane, |
| 0:08.7 | given that it happened in the middle of a war. Gold is supposed to be the flight to safety |
| 0:14.5 | in times of trouble, and I cannot think of a time more troubling than the last six months. |
| 0:19.3 | To set the context, the U.S. launched a war against |
| 0:22.0 | Iran, one of the world's largest oil producers, Iran struck back at the other big oil producers, |
| 0:28.2 | the flow of Middle Eastern oil got stuck in the Strait of Hormuz, sending oil above $100 a barrel. |
| 0:34.3 | And to make matters worse, stock markets tipped into correction territory and inflation |
| 0:39.0 | fears came roaring back. But instead of going up, gold crashed out. Gold's entire identity is |
| 0:46.4 | being the commodity that everyone reaches for when everything feels dangerous. It has been that |
| 0:51.6 | thing for 5,000 years. Every war, every banking crisis, every collapse of |
| 0:57.6 | confidence in paper money, gold has gone up. But gold just went down 11% in a single week during |
| 1:04.6 | an active war. Something is wrong. And I don't mean wrong with gold. I mean wrong with the |
| 1:09.7 | entire system beneath it. |
| 1:11.4 | Look at the stats. |
| 1:12.9 | Last week, silver also fell more than 14%. |
| 1:17.5 | Aluminum posted its worst single day since 2018. |
| 1:22.0 | Copper collapsed. |
| 1:23.5 | Four completely different commodities, |
| 1:26.1 | getting crushed simultaneously, day day after day in the same |
| 1:30.7 | window of time from the same geographical window. |
| 1:34.2 | The explanation you'll hear is that the war has simply pushed oil prices up. |
| 1:38.9 | Oil is inflationary. |
... |
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