We have to rebuild infrastructure after the war ends, whenever that is. And Kuwait has told us that it will take three months after the strait is reopened to get oil production restored.
Myanmar supplies roughly half of China’s heavy rare earths: the dysprosium and terbium that go in EV motors, wind turbines, and guided weapons; and recently, nearly all of China’s imports.
Hemke notes that a gold moonshot isn't necessary for the buyers to make money on them, since any strong rise in the gold price may make the options more valuable.
Every economic policy decision requires tradeoffs. Warsh’s commitment to slaying inflation would create significant pain. Is he really willing to face the fallout from that tradeoff?
The overwhelming trend is to remove taxes and impediments surrounding gold and silver. However, states have recently imposed taxes on precious metals, including Washington and Maryland.
Chinese gold ETFs reported outflows of metal for the first time since August 2025 last month, but there still appears to be a strong appetite for physical gold.
When rate expectations shift, the dollar strengthens and investors rush for liquidity, silver can move violently, even if the underlying physical demand story has not disappeared.
