I have written for years that oil prices act like a tax on the economy, both on the US and globally. It is actually simply the price paid, but the effect on the economy is similar to a tax.
The destruction of the currency always leads to a social upset. That’s because people who produce typically hold their savings in the national currency. But if the national currency is destroyed, a huge portion of what they’ve worked for throughout their lives is also destroyed.
In contrast, higher prices drove a boom in gold investment demand. Investors snapped up a record high of 432 tonnes of gold bars and coins in 2025, a 28 percent year-over-year increase. It was the first time physical investment demand outpaced gold jewelry demand.
Major institutions, including HSBC, continue to view gold as a key portfolio diversifier, particularly in a world where traditional asset correlations are rising and macroeconomic uncertainty persists.
Has Israel's nightmare begun? Are we marching relentlessly toward Armageddon? Don’t expect oil’s miraculous return to lower prices that happened yesterday and today to hold out for long.
Based on best estimates, geologists at Metals Focus estimate that there are 219,890 tonnes of gold currently above ground. That sounds like a lot, but if you melted all that gold into a cube...
Host Mike Maharrey sat down with renowned precious metals analyst Jeff Clark to unpack the sharp pullback in gold prices and the dominant narratives driving market sentiment.
This disaster will not end when the bombs stop falling. It will only be getting started. A worldwide depression may be upon us all because of a war of choice that was illegally launched.
