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.
What they are – in a would-be Goldilocks scenario – is two ends of the same play. The good cop at Treasury buying bonds while the bad cop at the Fed hikes rates.
According to a report by Namibian Mining News, the gold accumulation plan is “currently in full swing” and represents “a strategic hedge for long-term national stability.”
The real problem here is not oil or diesel. The real problem is that wars of choice spin out of control and destroy the economies of those who launch them.
