Hi,
Something extraordinary is happening in China. The world’s largest gold producer is simultaneously importing gold at a pace that could reach 1,700 tonnes in a single year. At the same time, Shanghai’s silver inventories have surged to roughly 1.5 million kilograms, or approximately 48.2 million troy ounces. And underneath it all, the money supply of…
Category: Newsletter
THE YEAR THE ECONOMY CRASHED
Something strange is happening in the global bond market. Not a stock-market crash. Not a bank failure. Not a dramatic headline announcing that the financial system is breaking. Something quieter. Bond yields are climbing back toward levels the world hasn’t seen in years, and in some cases, decades. The U.S. 10-year Treasury yield has surged…
THE ENERGY SHOCK IS HERE
A supply crisis is building where the world least expects it. Most people still don’t understand how severe the energy situation has become in the Middle East. This is no longer simply a story about higher gasoline prices. Critical oil routes are being disrupted simultaneously, diesel is hitting record levels, and the potential consequences are…
THE WORLD IS BRINGING ITS GOLD HOME
The reserve currency is losing trust. And the warning signs are getting harder to ignore. For decades, the U.S. dollar has sat at the center of the global financial system. Countries accumulated dollars, stored their gold in major Western financial centers, and trusted the system to remain stable. But something is changing. Since 2018, a…
WALL STREET IS COMING BACK FOR GOLD
Something is changing in the financial world. For years, gold was treated by much of Wall Street as an old relic. A commodity. A hedge. Something people bought when they were nervous. But look closely at what is happening now. Central banks have been quietly accumulating gold at extraordinary levels. In the second quarter of…
