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6.9.25 - The Truth About Fort Knox
Gold last traded at $3,325 an ounce. Silver at $36.75 an ounce.
EDITOR'S NOTE: It looks like the presidential field trip to Fort Knox has been cancelled. But why? The biggest reason may be that most of the gold is potentially leased. How does that impact the reserves and the large investment banks with huge positions in gold? Read on to find out, but as Mr. Rickards concludes, "for the rest of us, the solution to this problem is simple – buy gold."
The Truth About Fort Knox and Gold Leasing -Daily Reckoning
by James Rickards
Whatever happened to the Donald Trump and Elon Musk visit to Fort Knox?
You’ll recall the buzz from earlier this year. Trump and Musk loudly announced they were going to visit the U.S. bullion depository at Fort Knox, Kentucky to make sure the U.S. gold was actually there. The press was invited to tag along. Musk claimed that his DOGE team was ready to “audit” the gold bars to see that there were none missing. I had my own views on the announcement (described below) but I certainly agreed this would be the mother of all photo ops.
For the record, the U.S. Treasury holds 8,133.5 metric tonnes of gold in the U.S. reserve position. Slightly less than half of this gold is stored in Fort Knox. The remainder is mostly stored in a secure vault at West Point, New York. The exact location of that vault is classified although I happen to know where it is. A small amount is held at the Denver Mint for coinage purposes. Legally the U.S. Treasury owns the gold reserve, but I point out that the U.S. Army actually controls it since almost all of the gold is stored on two Army bases – Fort Knox and West Point.
None of this nuance about storage and location deterred Trump and Musk. In the popular imagination, all of the gold is in Fort Knox. That’s where they were headed to prove once and for all that the gold was actually there. Elon Musk planned to livestream the entire visit using his Starlink satellite system. Trump vaguely threatened that if any gold were missing, there would be disastrous consequences for any wrongdoers who removed it. The plot was set. The drama seemed irresistible. READ MORE
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6.6.25 - Silver jumps to highest level in 13 years
Gold last traded at $3,319 an ounce. Silver at $36.00 an ounce.
EDITOR'S NOTE: As predicted, silver is making some major moves. With the asset now up over 20% year to date, will it follow the same trajectory as gold? Demand is high enough to see it shine just as brightly.
Silver jumps to highest level in 13 years, following gold’s 2025 rally -CNBC
by Jesse Pound
The price of silver moved sharply higher Thursday morning and hit its highest level in more than a decade.
Silver futures rose as high as $36.27 per troy ounce on Thursday, notching the highest price for the metal since early 2012. Silver futures were last up more than 3% on the day at $35.81 per troy ounce.
Silver has been a high-performing asset in 2025 and is now up more than 20% year to date. That is still lagging the move in gold, however, which has jumped about 28%. The price of gold was down slightly on Thursday, meaning silver’s rally closed some of the gap between the two.
Silver has industrial uses, including in solar panels, and is also seen by some investors as a defensive precious metal, similar to gold. A recent survey from the Silver Institute estimated that the supply of silver was about 15% lower than demand in 2024 and projected another deficit in 2025. READ MORE
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6.5.25 - Could Gold Hit $4,000?
Gold last traded at $3,354 an ounce. Silver at $35.67 an ounce.
EDITOR'S NOTE: As price predictions for gold keep rising, UBS is also warning its clients to limit their dollar exposure and has suggested a basket of other investments, including precious metals. Will the dollar weaken enough to see $4000/oz. gold?
Gold Could Hit $4,000 as U.S. Dollar Weakens, Experts Warn -Watcher Guru
by Vladimir Popescu
Gold price forecast models are pointing toward $4,000 per ounce as the U.S. dollar continues its decline, according to leading market strategists. This gold price prediction reflects mounting concerns over US dollar weakness, accelerating dedollarisation trends, and sustained central bank gold demand driving precious metal prices to historic levels.
The gold price forecast from State Street Global Advisors suggests unprecedented gains ahead, with bullion already reaching record $3,500 per ounce in late April. Current spot prices hover around $3,370 per ounce as investors pile into the precious metal amid trade uncertainty.
State Street Global Advisors gold strategy head Aakash Doshi had this to say:
“The early days of the Trump administration have corresponded with heightened US economic uncertainty, consumer anxiety, and a weaker US dollar, buttressing investor demand for gold as a tail risk and geoeconomic hedge.” READ MORE
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6.4.25 - Is De-Dollarization Winning?
Gold last traded at $3,374 an ounce. Silver at $34.53 an ounce.
Gold Soars When Sh*t Hits the Fan - Daily Reckoning
Forgive the title, but there's probably no better way of putting it. Historically, gold has performed best when things get bad. The unfortunate part is, there's probably a whole lot of it about to hit that fan.
by Adam Sharp
After a disturbing weekend where the world flirted with WW3, gold and silver flew higher on Monday.
Silver stood out, popping nearly 5%, with the largest silver miner ETF (SIL) rising more than 6%. Spot gold rose mildly, but gold miners jumped by about 5%.
This is the strange part of being a gold/silver bug. Bad news can be great for your portfolio.
It’s important to maintain the right state of mind. We do not root for bad events to happen, we prepare for them.
In this case, gold and silver are soaring due to a combination of factors: READ MORE
US Dollar Is Down 8.9% In A Year: Is De-Dollarization Winning?- Watcher.Guru
In a word, yes; at least in my opinion. And it doesn't appear I am alone in this sentiment.
by Juhi Mirza
The US dollar is suffering gravely at the moment, hitting its lowest in terms of its valuation and worth. The currency evolution has hit USD hard, with Trump’s fierce tariff policies adding more to the rising de-dollarization narratives. That being said, the US dollar is now losing its prestige gradually, shedding value, and at the same time, documenting a pivot of investors and countries dumping the US dollar for other alternatives. If this development continues, will the US dollar be able to survive it all and live to tell the tale?
Per a recent post by Koyfin Charts, the US dollar is currently down 8.9% in a year, which is a depressing development to document at the moment. The currency has lately been hit from all sides, battered by Trump’s tariffs that have partially revived the de-dollarization agenda. Trump’s tariff policies have lately been trying to revamp the US economy. While Trump’s sole intent has been dedicated towards bolstering the US economy via tariffs, these tariffs have taken another direction, sparking the ominous trade war fears in hindsight.
The American currency’s low price explorations have led several analysts to come up with their own predictions. A notable analyst, Otavio Costa, shared how the USD’s spiralling performance is poised to decay further in the future. READ MORE
Comparative Analysis: Gold vs. Silver Investment Opportunities in Mid-2025 -Investing Haven
This is an interesting read as it looks at the benefits of investing in gold compared to the benefits of investing in silver. Spoiler alert: there are strong and equal arguments to be made for both.
Gold prices have surged past $3,300 per ounce while silver remains undervalued with analysts predicting a rise to $50 per ounce by the end of 2025.
As we move into the second half of 2025, investors are closely watching the dynamics of gold and silver, two assets that have traditionally offered protection and growth during turbulent times.
Amid rising geopolitical tensions, potential central bank rate cuts, and growing industrial demand, both metals present compelling but distinct opportunities.
This analysis explores gold and silver’s investment prospects by examining technical trends, underlying fundamentals, and forward-looking predictions.
Gold prices have surged past $3,300 per ounce, bolstered by geopolitical tensions, trade disputes, and expectations of interest rate cuts by major central banks. READ MORE
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6.3.25 - Is the Silver Bull Market Coming?
Gold last traded at $3,353 an ounce. Silver at $34.57 an ounce.
EDITOR'S NOTE: All eyes are on silver for the next wave of explosive growth. Gold's counterpart has been quietly and steadily moving along, and now may very well be thrust into the investment limelight.
Is the Silver Bull Market Coming? Analysts Emphasize That $34 Is a Key Level! -SSM
Amid economic uncertainties and ongoing geopolitical turmoil, international prices of gold, silver, and crude oil surged during China's Dragon Boat Festival holiday. An analyst noted that gold prices still have significant room to rise, but now might be a more opportune time to focus on silver.
Michele Schneider, Chief Market Strategist at MarketGauge, stated that gold and silver prices have been consolidating, leading her to maintain a neutral stance on both. However, if silver prices firmly break above $34 per ounce, she will seek to buy, as reaching $40 is only a matter of time.
As of press time, the latest quote for London silver was $34.106 per ounce, down over 1.7% on the day but still up over 3.4% from Friday's close. Schneider emphasized the need for patience in the silver market, as there is still some resistance in the sector, but she hopes to see sustained buying following this breakout.
She stressed that when buyers are strong, it will signal the beginning of a more significant rally in silver.
Despite gold's strong performance this week, Schneider pointed out that the surge in the gold-silver ratio may indicate that silver is poised to shine. Currently, the gold-to-silver price ratio has fallen below the 50-day moving average, possibly signaling an anticipated rotation into silver. READ MORE
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6.2.25 - Fed Has No Way To Slow Down Debt Growth
Gold last traded at $3,381 an ounce. Silver at $34.75 an ounce.
EDITOR'S NOTE: 'Nothing stops this train' isn't a comforting sentiment regarding our national debt. With no tools left in its toolbox, it will be interesting to see how the Fed handles this mess. One thing is for certain, having a position in stable assets in no longer a luxury.
‘Nothing Stops This Train’ – Macro Guru Lyn Alden Warns Fed Has No Way To Slow Down Debt Growth in US Financial System -The Daily Hodl
by Henry Kanapi
Macro expert Lyn Alden is issuing a dire warning, saying that the Federal Reserve has effectively lost control of debt expansion in the United States.
Speaking at the Bitcoin 2025 Conference in Las Vegas, Alden explains how the Fed typically controls credit growth in the US financial system.
According to the macro guru, the Fed jacks up interest rates to slow down credit growth and inflation – a strategy which she notes has been effective for many decades.
But Alden warns that the US has reached a turning point where the national debt is now so massive that raising interest rates, meant to curb credit expansion, ultimately pushes the government to borrow more, causing public debt to balloon even faster than private debt can shrink.
“The problem is that many decades ago, when federal debt was low and most of the money creation was coming from the private sector, whenever they raised interest rates, they would slow credit growth. They would slow the private sector faster than they would blow out fiscal deficits.
The problem now is that the [US debt] is 100% of GDP, which only happened in recent years. When they raise interest rates, they ironically increase the deficit at a faster pace than they slow down private sector credit growth.
Basically, what that means is they don’t have brakes anymore. Nothing stops this train because there’s no brakes attached to it anymore.” READ MORE
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5.30.25 - Demand for US Dollar Drops in Global Copper Trade
Gold last traded at $3,292 an ounce. Silver at $33.00 an ounce.
EDITOR'S NOTE: The US dollar is not only suffering due to the de-dollarization efforts of BRICS, it is also being replaced out of preference for industry-specific items. The real problem is not simply anti-dollar sentiment, it is that the other options are also superior.
Demand for US Dollar Drops in Global Copper Trade -Watcher Guru
by Loredana Harsana
Right now, copper trading markets have fundamentally transformed as China and Russia spearheaded various major shifts away from traditional US dollar settlements. These nations have accelerated their adoption of yuan settlements across several key commodity transactions, revolutionizing how this critical industrial metal gets traded worldwide. Through numerous significant de-dollarization initiatives, copper yuan trade has emerged as a strategic battleground, and it’s reshaping multiple essential aspects of international commodity markets.
China-Russia trade has reached an unprecedented $244.8 billion in 2024, and here’s what makes this transformation remarkable. It seems that various major transactions totaling 95% are now being settled in yuan or rubles rather than dollars. Western sanctions following Russia’s invasion accelerated this shift, forcing both nations to architect alternative payment systems across several key commodity sectors including copper.
The currency transformation has leveraged multiple strategic advantages. Yuan settlements in Russia’s international trade jumped dramatically from less than 2% before 2022 to over 30% by early 2023, according to Central Bank data. Russia has now pioneered numerous significant yuan adoption initiatives and it turned into the largest user outside China and surpassing even Hong Kong in settlement volumes. READ MORE
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5.29.25 - Why is Gold Rising Despite High Treasury Yields?
Gold last traded at $3,287 an ounce. Silver at $32.97 an ounce.
EDITOR'S NOTE: Despite the chaos roiling financial markets, gold continues to shine brightly. When uncertainty abounds, the yellow metal's stability attracts everyone looking for a safe haven. Right now, the only harbor in this tempest is gold.
Why is Gold Rising Despite High Treasury Yields? -Investing Haven
Gold prices continue to climb even as Treasury yields rise, driven by fiscal concerns, central bank demand, and shifting monetary policy expectations.
Gold prices typically fall when Treasury yields rise. After all, rising yields increase the appeal of interest-bearing assets, making gold, which pays no yield, relatively less attractive. But in May 2025, gold has defied that logic.
Spot gold prices surged to $3,336.43 per ounce on May 21, up 0.7% in spot transactions, marking the highest level since May 9. U.S. gold futures also rose 0.7% to $3,337.60.
This marks four consecutive days of gains, part of a 4% rise this week and more than 25% since the beginning of the year.
A major driver behind this divergence is growing investor unease over U.S. fiscal policy. The Treasury’s recent $16 billion 20-year bond auction saw weak demand, triggering a broader sell-off in bonds and pushing the yield on 30-year Treasurys to 5.1%.
Yields on 20- and 30-year notes were last seen at 5.136% and 5.128%, respectively. The benchmark 10-year Treasury yield rose to 4.593%.
These surging borrowing costs, following Moody’s downgrade of the U.S. credit rating and ahead of the passage of a major tax-and-spending bill likely to add trillions to the national debt (now at $36.2 trillion), have prompted some investors to rethink Treasurys as a safe-haven asset.
In this environment, gold has gained favor as a hedge against fiscal instability and geopolitical tension. READ MORE
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5.28.25 - Police Warn Against New Bank Fraud Scheme
Gold last traded at $3,287 an ounce. Silver at $32.97 an ounce.
De-Dollarization: 9 Global Alliances Abandon US Dollar -Watcher Guru
The list of nations opting out of the US dollar continues to grow. These countries are looking for a more stable alternative and to bolster their own currency.
by Loredana Harsana
Global alliances pushing de-dollarization are accelerating their departure from American monetary hegemony, and at the time of writing, nine major economic blocs are actively reducing their reliance on the greenback. This unprecedented shift represents the most serious challenge to US financial dominance since World War II. Major partnerships pursuing BRICS de-dollarization initiatives, combined with currency blocs emerging across Asia, Africa, Europe, and Latin America, signal a fundamental restructuring using US dollar alternatives and local currency settlements.
Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the UAE, now part of the broader BRICS+ group, have joined in taking action against the influence of the dollar. Here, Iran’s central bank governor, Mohammad Reza Farzin said:
“We (BRICS members Iran and Russia) have entered into a currency agreement with Russia and fully removed the US dollar. Now we only trade in rubles and rials.”
Almost half of all global transactions now take place in yuan, reflecting the choice to use US dollar substitutes. READ MORE
'Your Bank Account Is Under Attack' – Police Warn Against New Bank Fraud Scheme Targeting Seniors by Stealing Cards and Draining Accounts -The Daily Hodl
Bank fraud has become so prevalent that the police are now at the forefront of warning people to be cautious; but isn't that the banks' job?
A new bank fraud scam has been targeting senior citizens on Long Island.
At a press conference last week, Suffolk County Executive Ed Romaine warned that a ring of con artists has been calling seniors and impersonating their banks.
The fraudsters tell the seniors, “Your bank account is under attack,” and their credit and debit cards don’t work anymore. The con artists then offer to pick the cards up from the victims and deceptively convince them to disclose their PINs, Romaine explained.
“And guess what? Then they go to the ATM machine and steal their money. And this happened to a number of seniors.”
The Suffolk County Police Department encourages people not to answer unknown calls.
“Scammers can spoof a number to make it look like a legitimate company is calling. If they start asking for money or making demands, hang up and call the company directly. READ MORE
$65,000,000,000 Pension Fund Issues Warning to US Money Managers, Says Industry Abandoning 'Basic Principles of Stewardship': Report -The Daily Hodl
Pension funds are supposed to be safe, with steady growth and a stable future. Apparently those days may be behind us as pension fund managers have become a little more aggressive, and even reckless in some cases.
The $65 billion Dutch pension fund PME is reportedly warning US money managers not to abandon their “basic principles of stewardship” during the Trump era.
According to a new Bloomberg report, PME says US money managers are allegedly risking significant business by “caving into pressures” from President Donald Trump’s administration by abandoning basic principles of responsible investing.
Says Daan Spaargaren, PME’s senior strategist for responsible investing,
“[US money managers] aren’t condemning what Trump is doing and how he is operating and how he is handling issues like climate change and demolishing the judiciary. We are worried about that.”
The PME warns America’s investment industry that a Trump capitulation is prompting it to think twice about its US investments.
The PME is reconsidering its $5.7 billion mandate with BlackRock Inc., after the world’s largest asset manager withdrew from the Net Zero Asset Managers (NZAM) initiative. A decision from PME is expected within weeks. READ MORE
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5.27.25 - Gold Challenges US Dollar
Gold last traded at $3,304 an ounce. Silver at $33.27 an ounce.
EDITOR'S NOTE: Gold is quickly taking over as the cornerstone of assets throughout the global economy. As the dollar continues to be replaced as the world's reserve currency, many nations are replacing those positions with gold. As investors, we should all be doing the same.
Gold Challenges US Dollar: These 5 Countries Control Over Half of Global Reserves -Watcher Guru
by Loredana Harsana
Five nations control over half of the world’s official gold reserves in 2025, and this concentration is reshaping global finance right now. The United States leads with 8,133.5 metric tons, followed by Germany with 3,351.5 tons, Italy with 2,451.8 tons, France with 2,437.0 tons, and Russia with 2,335.9 tons.
In total, these nations together own roughly 18,706.2 metric tons out of the current estimated total reserves of 35,938.6. Central banks purchased more than 1,000 metric tons in 2024, and this excessive buying is spurring the trend away from the dollar.
The landscape today looks different because of the massive amount of assets that central banks worldwide have purchased. Poland purchased a record amount of 3.24% of the world’s gold in 2024 and this huge rise moved Poland up into the ranks of significant gold buyers.
Turkey managed to accumulate 74.79 metric tons last week, after facing strong selling pressure earlier due to currency crises. India added 72.62 metric tons this month and China maintained the regular accumulation it started in late 2022. READ MORE
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