Gold

In the past, during periods of nervousness, uncertainty, or obvious risk, volatility rose. Today, this mechanism is broken. In this environment, there is only one asset left that does its job of providing protection: physical gold.

Since becoming “free,” gold has risen steadily, with a few exceptions. This is precisely what the logarithmic scale chart shows, and it is particularly encouraging for the future.

Over the past couple of years, I have shown you numerous ratio charts that suggest a precious metals bull market is in full swing. This week, we will add a couple more into evidence that highlight the sheer magnitude and duration of this magnificent bull.

What we are experiencing today is a cash crisis. The major bond crisis, the one that will call into question the sustainability of public debt, will undoubtedly come – but later. Gold, meanwhile, is navigating this landscape perfectly.

China's unreported gold purchases could be more than 10 times its official figures, as the country quietly tries to diversify away from the US dollar, say analysts, highlighting the increasingly opaque sources of demand behind bullion’s record-breaking rally.

America's decline, economically, demographically, and socially, was becoming so obvious that it could only give way, as history has repeatedly shown, to the rise of a new superpower. But that was without taking into account the fact that China would follow the same path.

Gold reacts not to rhetoric, but to substance. The Busan summit was supposed to symbolize economic reconciliation between the world's two largest powers. But behind the facade of diplomatic appeasement, reality remains that of a fragmented world, where strategic tensions persist and confidence in...

The incident that occurred on the night of November 3 to 4 marks a real stress test for the entire crypto liquidity system. In this context, only one asset escapes the logic of chain collapse: physical gold.

New powers and emerging countries have been encouraged to de-dollarize and buy gold, causing the value of the dollar to fall steadily. Furthermore, the United States, which constantly needs to find new buyers to finance its foreign debt, is facing increasing difficulties.

At first glance, everything seems under control: stocks are holding steady and the U.S. economy is resilient. And yet, something is going wrong in the global financial system. In recent days, the cost of very short-term cash – the SOFR rate – has risen sharply.