⛏ Gold's Ups and Downs

Here’s who’s holding your silver hostage
You bought silver because you thought it was money. The people digging it up disagree. The phone in your hand has silver in it. So does the car in your driveway, the solar panel on your neighbor’s roof, the radar in the fighter jet that flew over your house this morning, and the surgical tools in the last hospital you walked into. Silver is everywhere you look once you start looking. And the people pulling it out of the ground aren’t trying to find any of it. That’s the hostage situation you don’t see in the price. Read on »

Gold's Ups and Downs
I get why people are confused. On the surface it looks like gold failed its one job. But if you’ve followed my thoughts over the years on the monetary system, fiat debasement, and the slow-motion unraveling of dollar hegemony, this short-term weakness is not a relevant headline. It’s just the flavour of the week in certain financial media. Read on »

The shift from dollar reserves to gold is not a prediction but a trend
BRICS+ nations now hold 17.4% of global gold reserves, up from 11.2% in 2019, while the dollar’s share of global reserves fell to its lowest level since 1994 – and one BRICS member could well buy as much as all other countries combined, according to Michael Harris, technical analyst at EBC Financial Group. Read on »