⛏ Today’s election changes nothing about the national debt

$712 billion wiped off world’s biggest mining companies since start of Iran war
October took $226 billion off the Mining Top 50, a 10% decline on top of September’s $264 billion loss. Two months have erased nearly half a trillion dollars and the fifty are now worth $108 billion less than at the end of 2025, the first time this year the ranking has been in the red. Read on »

Today’s election changes nothing about the national debt
At its peak, roughly 1/3 of all new mortgages in America were adjustable with low teaser rates. And this is what nearly brought down the global economy: borrowers could no longer afford their mortgages once the teaser rates reset. It should have been one of the most predictable crises of all time. When heavily indebted borrowers suddenly see their monthly interest payments skyrocket, bad things happen. But very few ‘experts’ saw it coming, and everyone acted surprised that it almost destroyed the global economy. The United States government is in a similar position today. Read on »

Gold Demand Steady in Q3 Supported By ETFs and Central Banks
Gold demand was steady in the third quarter despite consistent pressure from rising interest rates and inflation worries. Total demand in Q3 was 1,369 tonnes, a modest 1% decline year-on-year. That drove year-to-date demand to 3,881 tonnes, virtually identical to last year’s 3,884-tonne record through the same period. In value terms, third-quarter demand totaled $188 billion, a 22% increase year-on-year. Demand value through the first three quarters came in at a record $566 billion. Read on »