Gold's Trillion-Dollar Selloff and Bitcoin
September 30, 2026
In this episode of Signal vs. Noise, a show from Onramp Media, the hosts cover a gold and silver selloff as the 10-year yield hit a 19-year high and compare gold's long run with bitcoin. They also discuss AI model news, Apollo's Torsten Slok on AI agents and bank runs, and Ari Paul's comments about Coinbase.
Jackson Mikalic, Michael Tanguma, Liam Nelson and Brian Cubellis put six minutes on the clock for each story: reports that OpenAI shelved GPT-6.1 Astra as Anthropic filed for its IPO, gold and silver shedding over a trillion dollars in a day as the 10-year yield hit a 19-year high, Apollo's Torsten Slok on whether AI agents could trigger a bank run, and Ari Paul's public comments about Coinbase. The hosts also compare gold's long run with bitcoin, and a lightning round covers the reported Bitget hack and Morgan Stanley's digital asset lab.
Chapters
00:00 - Intro 00:25 - Topic 1 - Reported OpenAI Astra Delay and Anthropic's IPO Filing 08:43 - Topic 2 - Gold and Silver Sell Off as the 10-Year Yield Hits a 19-Year High 16:28 - Topic 3 - Apollo's Torsten Slok Asks If AI Agents Could Trigger a Bank Run 23:27 - Topic 4 - The Hosts On Ari Paul's Coinbase Comments 32:26 - Wrap-Up & Lightning Round: The Reported Bitget Hack and Morgan Stanley's Digital Asset Lab
Frequently Asked Questions
What happened to gold and silver in this Signal vs. Noise episode?
At 08:43 the hosts discuss gold and silver shedding over a trillion dollars in a day as the 10-year Treasury yield hit a 19-year high, and compare gold's long run with bitcoin. This is the show's framing, not investment advice from Onramp.
What does Torsten Slok ask about AI agents and banks?
At 16:28 the hosts discuss whether AI agents moving money could trigger a bank run, a question raised by Apollo's Torsten Slok.
What AI news does the episode open with?
Topic 1 (00:25) covers reports that OpenAI shelved its GPT-6.1 Astra model and Anthropic's IPO filing.
What is covered in the lightning round?
The wrap-up at 32:26 covers the reported Bitget hack and Morgan Stanley's digital asset lab.
This episode is editorial and educational content. Onramp does not provide tax, legal, or investment advice. Bitcoin is volatile and may lose value. Past performance does not guarantee future results.