The Resurgence of Sovereign Risk Sets the Stage for the Next Gold Cycle
Today, the price of gold is rising primarily as a sign of gradual currency depreciation. Tomorrow, it could rise as a safe-haven asset amid systemic uncertainty.
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Today, the price of gold is rising primarily as a sign of gradual currency depreciation. Tomorrow, it could rise as a safe-haven asset amid systemic uncertainty.
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Global gold production has never been higher than it is today, yet gold prices are reaching record highs. In 2025, production exceeded 3,600 tons. This apparent paradox can be explained by sustained structural demand.
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If the AI boom continues to drive the system toward greater leverage, energy dependence, and credit fragility, gold and precious metals could once again become one of the few assets capable of protecting investors against a downturn in the technology cycle and the credit market.
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U.S. federal debt has now surpassed the 100% of GDP threshold. This figure refers to federal debt held by the public ($31.27 trillion), excluding debt held by the Fed. Total debt therefore stands at $39 trillion, or 122% of GDP.
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For decades now, investors have "fattened" their trading accounts on two American bellwether stocks — McDonald's and Coca Cola. This week, we'll look at both in terms of their ratio to Gold to see if it might be now time to rotate out of the stocks and into Gold for the years ahead.
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The silver market is shifting into a much tighter situation than it appears at first glance. Behind the sometimes erratic fluctuations in futures prices, the physical market continues to tighten — slowly but surely.
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It appears that highly aggressive traders—or insiders betting on confidential information—have taken out around 500,000 call options, wagering on a silver price between $900 and $1,000 by the end of the year. You may consider them reckless traders and dismiss this information…
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The market continues to display a price… but fewer and fewer participants are willing to honor it in practice. The link between paper and reality is fraying, revealing an increasingly visible divide.
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The government poses a risk that must be factored into the development of one’s investment portfolio. Jeff Park proposes the “radical portfolio,” structured around an “inside/outside the system” approach, where the “system” refers to the government.
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It is now clear that the contemporary monetary system is coming to an end. Gold has grasped the stakes of such a collapse.
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The latest inflation figures suggest a resurgence of inflationary pressure. Producer prices rose by 0.5% over the month, bringing the annual rate to 4.0%. Against an already tense backdrop in the energy sector, figures like these are enough to fuel the narrative that inflation is on the rise agai...
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We've been calling for much higher silver for a few years, so ideally we would see some evidence that silver could at least keep pace with oil or even outperform.
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As is often the case, the market today gives the illusion of control. But beneath the surface, the forces driving instability continue to build up.
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Does gold signal a return of inflation? Everything points to it. Gold has recently become the world’s most traded asset by volume, surpassing U.S. debt and major currencies.
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The war in Iran is not only contributing to a resurgence of inflationary pressures across the Atlantic, thereby destabilizing financial markets, but is also accelerating the global shift away from the dollar.
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The Bank of France (BdF) has quietly completed the repatriation of French gold still held in the United States, bringing to an end nearly a century of partial storage abroad. The operation covered 129 tonnes of precious metal — around 5% of the country’s total reserves — previously held at the Fe...
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The oil market is entering a phase where volatility is no longer a mere hiccup but a direct consequence of its structure. Recent price movements do not reflect a linear improvement or deterioration in fundamentals, but rather a growing inability of prices to simultaneously reflect both physical r...
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While some banks maintain expectations of prices exceeding $6,000 per ounce, and following gold’s spectacular rise in 2025, should we expect this super-cycle trend to continue?
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This week, we'll take a broader look at three ratio charts that must go the way of the bulls if the metals are to see that next leg higher.
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The price of gold is currently under pressure, not because its fundamentals are being called into question, but due to forced selling.
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