What is a dutiful Fed person to do? Apparently, deliver a token quarter-point hike and hope like hell the economy can hold together long enough for oil prices to ease...
Powell said an investor owning physical gold is effectively positioned against what he views as a massive, uncovered short position created by the paper gold system.
Gold has successfully transitioned into what macro analysts call the “debasement trade” and is acting as a structural sovereign safety net, shrugging off aggressive central bank interest rate hikes.
For at least the next four years, the Fed will be following the lead of the market and not vice versa. It is going to take some time for the market to adapt. They have been spoon-fed by the Fed...
Today’s fuel prices are higher even though crude oil is lower than it was during that peak! That is particularly due to refineries being knocked out by two wars.
According to Bloomberg, Singapore has at least 2,200 tonnes of gold storage capacity in privately owned facilities. This includes 1,700 tonnes at Le Freeport and 500 at The Reserve.
This is the new normal: commodities flows interdicted by militants, tolls at checkpoints, volatility in commodity markets, friction, instability as global politics collide in Yemen.
Higher interest rates won’t open the Strait of Hormuz, and they won’t pump any more oil out of the ground. But it will likely slow money supply expansion.
Gold and silver deserve their place as money because of the unique qualities found in the precious metals themselves, rather than any government decree.
With one month remaining in fiscal 2026, total government receipts stood at $4.85 trillion. That’s 3.3 percent higher than through the same period in 2025.
