Positions as of Tuesday, August 18, 2026
The smaller gold miners just reported their second-best quarter ever. Despite gold’s serious reckoning in Q2 after its late monster record bull, the miners continued earning money hand-over-fist.
If the U.S. government folded the debt into a single 30-year bond at 5 percent, Uncle Sam would need to accumulate roughly $9.13 billion per day to pay off the bond at term.
Malcolm Forbes used to joke that his idea of social change was plenty of tens and twenties. If he were alive today, he’d have to say fifties and hundreds.
While buying back old long bonds while continuing to issue new debt can improve liquidity and market functioning, it can’t make the government's financing requirement disappear.
JP believes individuals should have the freedom to choose gold and silver as alternative money, without the taxes and regulations that currently make doing so more difficult.
Ira Epstein covers the current bullish trends in the metal markets, highlighting significant gains in gold, which is up 3% for the week, and silver, which is gaining against gold.
