Laurent Maurel

Japan is said to have agreed, in return for tariff cuts, to use part of its sovereign wealth funds to finance US strategic projects. Confidence is crumbling. Gold is becoming the last credible refuge for Japanese households and institutions.

The silver market is at a critical juncture, marked by a growing dislocation between the physical and paper markets. While Western banks are still trying to manipulate silver prices via the paper market, physical demand is accelerating. This growing appetite for physical silver in the face of con...

Government bonds are no longer perceived as risk-free assets, and their long-term growth potential is now in doubt. In this context, accelerating the pace of debt emissions becomes a real challenge. If the Fed were in turn to intervene in very short maturities to artificially support Treasury emi...

The UK bond market is under pressure, in an unstable global context marked by friction between the Fed and the Treasury and high sensitivity to uncertainty. Physical gold is becoming an instrument of economic survival and a bulwark against the erratic decisions of the authorities.

In a climate of widespread mistrust of the dollar and US economic policy, a fundamental trend is gathering pace: de-dollarization. China, at the forefront of this strategy, is methodically reducing its dependence on the greenback while at the same time stepping up its purchases of gold and the in...

In a stagflationary environment — marked by sluggish growth, persistent inflation and growing consumer unease — the yellow metal is once again playing its role as a safe-haven asset.

If the yield curve steepening bet reverses, it could have a significant impact on the gold price. In a scenario where long rates fall rapidly - for fear of recession or a return to caution by central banks - gold would benefit. Falling real interest rates would make the metal more attractive, and...

The U.S. economy is showing much deeper signs of fragility than the markets seem to comprehend. Suffocated by soaring prices, American consumers are forced to resort to credit on a massive scale. The next inevitable step will be an economic slowdown. Gold continues to play a strategic role in an...

The financial world may be on the verge of a regime change. Financial repression, thought to have been relegated to the past, is making a discreet comeback through the Japanese door. The Tokyo authorities are already trying to manipulate the yield curve by adjusting the supply of debt, hoping to...

The gradual disappearance of structural buyers of sovereign debt - central banks, Japan, pension funds - ushers in a new era in which debt is no longer “free by design”, but must once again become desirable in a competitive universe. In this new context, physical gold is regaining its role as a s...

When the bond market, and in particular that of US sovereign bonds, becomes unstable or loses investor confidence, it's not just bad news for financial portfolios: it's a crack in the very foundations of the global financial architecture.

In case of a loss of confidence in the sustainability of the US budget, physical gold, already considered a safe-haven asset, could emerge as the ultimate systemic safe-haven, outperforming all other asset classes in times of global monetary disorder.

As debates rage in the US over the future trajectory of the economy and markets, the continuing rise in the budget deficit remains a major source of concern. It is precisely this worrying trajectory of public debt that gold seems to continue to follow closely, helping to explain its current surge.

Donald Trump's recent change of tone on tariffs, like his unexpected softening towards Federal Reserve Chairman Jerome Powell, highlights an often overlooked reality: the real balance of power isn't played out on the political stage, but in the workings of the US debt market.

Peter Schiff warns of an imminent dollar crisis, a fall in purchasing power, and a brutal reversal of global capital flows. He estimates that the price of gold could reach $5,000 to $20,000 in the coming years.

U.S. Treasuries, supposed to be the ultimate refuge in times of crisis, appear to have been swept away by the market swell, while gold remains afloat.

With US GDP likely to fall, equity markets are correcting, while gold prices are rising. This movement illustrates a capital rotation typical of stagflationary phases: faced with sluggish growth and persistent inflation, investors abandon risky assets in favor of safe havens.

To increase pressure on the physical market, a call for silver purchases has been launched for March 31, in the spirit of the first Silver Short Squeeze. A real supply problem could force short sellers to cover their positions on the market - propelling the silver price to new heights.

Is silver on the way to becoming a must-have asset, like gold today? The disconnect between the paper market and physical reality continues to worsen, and the accumulating signals suggest that a major breakdown is imminent.

With unprecedented levels of debt and rising interest rates undermining bond markets, confidence in sovereign debt is eroding. In the face of this systemic risk, gold is once again the safe-haven asset par excellence.