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Commentaries

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.

End of Honest Markets

The State distorts metals markets directly with price or import/export controls as well. But regulations regarding permitting and production are more serious and stretch over decades.

Maryland, Alaska Leaders Named “Sound Money Legislators of the Year”

In Maryland, Del. Wayne Hartman and Sen. J.B. Jennings are recognized for restoring the sales tax exemption on purchases of precious metals that was controversially repealed in 2025.

The Huawei Boomerang

China’s entire semiconductor ecosystem is much stronger today due to the creative destruction imposed on numerous industries in China due to the US’s attempt to destroy Huawei.

Robert Lambourne: Are BIS Swaps Being Used To Hide Double-Counting of ETF Gold?

Think of all the litigation if the Treasury ever admitted participating in gold price suppression by selling gold it did not own.

Beyond CPI: The Complete Inflation Story — July 2026

The CPI only tells part of the inflation story. Relying solely on CPI is a little like looking at the temperature and claiming that you know the weather.

Rand Paul Becomes a Pawn in Fort Knox Gold Audit Debate

Ironically, Paul sponsored “The Gold Reserve Transparency Act of 2025” along with Sen. Mike Lee that would have produced a comprehensive audit of U.S. gold reserves.

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