With a massive revaluation of gold the government would achieve practically infinite money without issuance of debt and the awkwardness and embarrassment of monetizing bonds -- raw and direct inflation and currency devaluation.
This combination of growing government debt and diminished risk-taking isn’t good at all. At lower levels, it was reasonable to think we could grow our way out of the debt. That hope is gone.
Through the first half of 2025, gold-backed funds globally reported the highest semi-annual inflows of metal since H1 2020 in the early months of the pandemic.
To show you how intensely tariffs can drive prices, the skyrocketing price of copper has happened before the announced tariff has even been applied. It’s scheduled, but its time hasn’t come.
The Federal Reserve’s Washington, D.C. headquarters is getting an expensive facelift, and it appears Fed Chairman Jerome Powell lied about it to Congress.
So what does all of this mean? For me, it signals a collapse of confidence and trust in just-in-time delivery system that provides the underlying support of the fractional reserve and digital derivative pricing scheme
SG: "The right way to own gold and silver is as actual bullion oz — bars, coins, or rounds that are valued purely for their metal content. Not for collectible value, not for some story."
Host Mike Maharrey spoke with Lawrence W. Reed, President Emeritus of the Foundation for Economic Education (FEE), about the forgotten role of sound money in the American Revolution.
