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Commentaries

Four Reasons Central Banks Are Piling Up Gold

When the world sees the U.S. moving aggressively on the world stage, it increases worries about the weaponization of the dollar.

Top-10 Gold Producing Countries in 2025

Last year, mines globally produced 3,672 tonnes of gold, according to the World Gold Council. It was a new record, but only about 11 tonnes higher than the 2025 total.

Support the Troops: Bring Them Home!

The Trump Administration’s response speaks volumes about its claim to “support the troops.”

Debt Black Hole: Private Credit Markets Showing Signs of Stress

Private loans total around $1.4 trillion, representing roughly 10 percent of debt held by non-financial corporations in the U.S., according to Federal Reserve data.

U.S. Gains Control of Venezuela’s Gold Quarantined at Bank of England

The total estimated value of Venezuela's identifiable assets abroad is calculated to be between $40 billion and $45 billion.

Precious Metals; Phase 1 Completing, Get Ready For Phase 2

After the rally completes, a precious metals pullback is likely upcoming, to be followed by resumed broad market leadership

Chinese Investment Demand Was Resilient in Q2 Despite Rangebound Prices

Chinese investors were key drivers of the gold bull market last year, as Western investors generally sat out the rally until the end of the year. Despite gold trading sideways in the second quarter after its big price correction in the first, Chinese physical gold investment demand remained robust.

The Gold Was Real, But The Liquidity Was Not

When the SS Central America was discovered on the ocean floor more than a century later, part of its gold was recovered. Much to the media’s surprise, its value had survived remarkably well.

Caught in a Debt Trap

Our political process can’t reduce spending and/or raise taxes enough to balance the budget, so the debt grows and grows. As it does, paying the interest plus the accumulated debt load pulls more capital away from more productive uses. This depresses..

Trump Administration Runs Largest Monthly Budget Deficit in Five Years

The cost of servicing the debt continues to climb in this higher-interest rate environment as the government keeps piling on new debt.

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