Swiss America: Gold Standard News Daily

5.14.26 - Nothing Stops This Train

Gold last traded at $4,672 an ounce. Silver at $84.54 an ounce.

EDITOR'S NOTE: The financial system has already built up more debt and monetary pressure than policymakers can realistically unwind. This "train" of deficits, currency debasement, and economic distortion is already in motion; and investors who ignore it risk being left behind. As this author's last line reminds us, tangible assets like gold and silver may become one of the few real shields against the erosion of purchasing power and the instability beneath the global financial system.

Nothing Stops This Train -Daily Reckoning

By now, everybody knows the U.S. government has a debt problem.

But the chart below offers a new angle, because it is inflation-adjusted.

This chart is about 6 months old, so it’s already outdated. The current federal debt total is up to $39 trillion. And growing at $2 trillion a year, which could rise to $2.5 trillion soon. And much larger when we get a recession.

The point is that even once we adjust for inflation, debt is a big problem. It’s not a good sign when debt charts go parabolic.

Besides the obvious, there are a few interesting things to note in the image. First, look at the bump in 1945 from World War II. It looks so tiny once you adjust for inflation.

Second, look at what happened after WW2. The debt load came down, and was steady for around 40 years.

Then in the 1980s, government spending jumped. Around 2008, the debt goes almost vertical. VIEW CHARTS AND READ MORE

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5.13.26 - Global Confidence, the USD and Gold

Gold last traded at $4,692 an ounce. Silver at $88.28 an ounce.

EDITOR'S NOTE: A clear warning is emerging across these stories: global confidence in the dollar and the broader financial system is weakening. Central banks are rapidly accumulating gold, while top investors are warning that debt, inflation, war spending, and market speculation could trigger major economic and market instability. Together, these trends point to a future where precious metals may play an increasingly important role as protection against currency debasement and financial uncertainty.

Michael Burry, Paul Tudor Jones, and a Nobel-winner all see the same thing: A stock market reckoning -Yahoo! Finance

by Shawn Tully - Fortune

In a new substack post, Michael Burry, the hero ofThe Big Short book and movie, declared that the stock market has "jumped the shark," and posited that "a complete reversal" in the soaring, tech-laden NASDAQ 100 is at hand. Burry noted the resemblance between today's price action and the waning days of the dot.com craze—adding that it’s feeling like "the last months of the 1999-2000 bubble." Fellow famed veteran Paul Tudor Jones, in a CNBC interview on May 8, partially echoed Burry’s warning. Jones stated that the current scenario reminds him of 1999, the first year of the infamous furor, noting that if the current momentum keeps rolling, we could be facing "breathtaking kinds of corrections."

Wall Street's analysts and market strategists are at pains to explain what Burry and Jones can't, namely, why U.S. big caps keep jumping to fresh, all-time records. The economic fundamentals overall look mediocre at best. The current scenario headlines inflation that’s proving both high and extremely sticky, as underlined once again in the April CPI report on May 12 that showed consumer prices advancing a hot 3.7% in the prior 12 months. GDP growth's ho-hum, the 10-year Treasury yield's stuck in the elevated mid-4% range, and ultra-tall energy prices keep digging into consumers' wallets, hiked by a war that keeps dragging on. Not to mention vanishing hopes that the Fed will juice the market via big rate cuts. READ MORE

Truth Is The First Casualty Of War; The Currency Is The Second... -ZeroHedge

Authored by Nick Giambruno via InternationalMan.com

“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” — Ernest Hemingway

Thanks to the fiat currency system, governments at war can tap into a nation’s savings by financing conflict through currency debasement. Under a gold standard, governments had to have the gold or impose taxes if they wanted the funds to prosecute a war. When the gold ran out, the war stopped. But not in a fiat currency system. They can continue debasing the currency until they hyperinflate it.

That’s why there’s a simple equation you should sear into your memory:

War = Inflation

The historical pattern is clear.

If the first casualty of war is truth, the second casualty is the currency. READ MORE

De-Dollarization: Central Bank Gold Holdings Top USD Reserves -Watcher.Guru

by Paigambar Mohan Raj

The US dollar seems to be becoming a less attractive asset to central banks globally. According to a Bloomberg report, share of USD global reserves has fallen to below 45%. The dip translates to a more than 15 point decline since the start of this decade. Moreover, central bank gold holdings have overshadowed value-adjusted USD reserves. Basically, foreign banks are selling US Treasuries and buying gold. Let’s discuss if the increase in gold holdings is another push towards more de-dollarization.

According to the World Gold Council (WGC), demand for gold among central banks was a driving force behind the yellow metal in the first quarter of this year. Poland, Uzbekistan and China were the top gold buyers, while Turkey, Russia and Azerbaijan were the top sellers.

At the heart of the matter is the ongoing US-Iran conflict, which is most likely an attempt to maintain the petrodollar dominance. Iran-China oil deals have been increasingly settled in the Chinese yuan, bypassing the US dollar. However, this development could also be due to Western sanctions placed on Iran. Nonetheless, the US-Iran conflict has likely led to a surge in gold accumulation. Not just central banks, but even retail investors began pivoting their funds into the yellow metal and other commodities. Gold and silver have hit multiple all-time highs since late 2025. READ MORE

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5.12.26 - The Shanghai Silver Secret

Gold last traded at $4,671 an ounce. Silver at $84.65 an ounce.

EDITOR'S NOTE: There is a growing belief that physical silver could be dramatically repriced higher as demand in Shanghai drains global supply and exposes cracks in the paper market. Those already invested in physical silver may be positioned for a massive move upward, while those still waiting on the sidelines could soon find themselves chasing much higher prices.

The Shanghai Silver Secret -Daily Reckoning

by Adam Sharp

Things are finally getting exciting in silver again.

Today we broke out above $85/oz in the U.S.

There was some stiff resistance around the $82 level that gave us trouble for a bit, but today we cut through like butter.

According to our friend Sean Ring, if we can stay above this key $82 level, the uptrend will be confirmed and the technical outlook much improved.

Personally, I’m more of a fundamentals guy. But when technical + fundamental views converge, it’s often worth paying attention.

Meanwhile in Shanghai, China, silver is trading at $96/oz. That’s a hefty 12% premium. In the chart below, the red line is the Shanghai price, and the blue line is the Western price. VIEW CHARTS AND READ MORE

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5.11.26 - Silver continues exploding higher

Gold last traded at $4,734 an ounce. Silver at $85.94 an ounce.

EDITOR'S NOTE: Silver is starting to outperform even high-flying semiconductor stocks, that's a powerful signal that hard assets are quietly reclaiming leadership while most investors are still chasing paper trades. Articles like this are a reminder that holding physical silver means owning a tangible asset with growing industrial demand, limited supply, and no counterparty risk if the financial system or paper silver markets begin to crack.

Silver Leaving Even SOX Behind -ZeroHedge

by The Market Ear

Nobody Owns Enough Silver

Silver continues behaving exactly like a market where upside convexity was massively underpriced. What initially looked like a quiet breakout has now started turning into a much more aggressive squeeze, with price, momentum, and volatility all accelerating at the same time.

The interesting part is that positioning still does not look remotely euphoric. Money managers remain relatively underexposed, CTA positioning still has room to expand aggressively, and upside option demand is starting to accelerate again as momentum keeps building.

Super silver

Silver continues exploding higher. On May 6 we argued silver was quietly setting up for another major breakout as positioning stayed light and momentum chasers remained absent.

Silver is up around 17% since then. We are well above the massive triangle formation as well as the 50 day. Note the 21 day is crossing the 50 day today. VIEW CHARTS AND READ MORE

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5.8.26 - Can Gold rise to $40k?

Gold last traded at $4,721 an ounce. Silver at $80.39 an ounce.

EDITOR'S NOTE: If the historic gold-to-money-supply ratio shift outlined in this article actually unfolds, those invested in gold could find themselves owning one of the few assets that dramatically preserves, or even multiplies, purchasing power. But for those still sitting on the sidelines, the warning is clear: waiting for "confirmation" could mean watching gold reprice far beyond the reach of the average investor.

If This Ratio Reaches 1980 High Gold Will Skyrocket To Over $40,000 -King World News

This is a small portion of a phenomenal report released today by Jesse Colombo: As the U.S.’s fiscal situation becomes increasingly precarious with each additional trillion dollars of debt, confidence in the long-term stability of the dollar is eroding, prompting global central banks to reduce their dollar holdings, as shown in the chart below, in favor of gold and other currencies, and this trend should accelerate now that the U.S. debt burden has surpassed 100% of GDP.

While we’re on the topic of federal debt, I’ve found that it serves as a useful yardstick for evaluating precious metals by comparing them directly to the level of federal debt in order to determine whether they are undervalued, fairly valued, or overvalued. I do this by plotting the ratio of a particular metal’s price to federal debt, indexing it to 100, and comparing it to past levels. If the ratio is low, the metal is undervalued, and vice versa.

Starting with gold, we can see that the gold-to-U.S. federal debt ratio reached 924 at the 1980 peak, 118 at the 2011 peak, and stands at 108 today. Because gold is only about two years into a secular bull market that, based on history, should last at least a decade, I believe the 1980 episode is the more relevant comparison. On that basis, gold has considerable room to rise over the course of this bull market, especially when factoring in continued increases in federal debt. VIEW CHARTS AND READ MORE

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5.7.26 - Will gold and silver's historic rally resume?

Gold last traded at $4,699 an ounce. Silver at $79.29 an ounce.

EDITOR'S NOTE: This latest precious metals rally is a sign that the bigger bull market may be far from over. Even with hopes for easing geopolitical tensions, analysts still see strong upside driven by inflation concerns, central bank buying, a weaker dollar, and continued investor demand for safe-haven assets. For precious metals investors, this suggests that any short-term pullbacks could simply be pauses before another major move higher in gold and silver prices.

Gold and silver's historic rally could resume 'as fog of war lifts', market watchers say -CNBC

by Chloe Taylor and Joseph Wilkins

The rally that propelled gold and silver to record-breaking highs in 2025 could pick up again if a U.S.-Iran peace deal is reached, market watchers told CNBC as prices ticked higher on Thursday.

Spot gold jumped 1.2% to $4,750 per ounce early on Thursday, amid hopes that the U.S. and Iran could be nearing a deal to bring the 69-day war to an end.

U.S. gold futures were up 1.2% to settle around $4,750.00.

Meanwhile, spot silver added 3% to trade at $79.62 an ounce, and silver futures for July delivery jumped 3.9%.

Gold and silver both enjoyed record-smashing rallies in 2025, surging 66% and 135%, respectively, over the course of the year. However, they have seen much more volatile trade in 2026, with silver futures suffering their biggest single-day blow since the 1980s at the end of January and gold knocking more 10% off its January peak. VIEW CHARTS AND READ MORE

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5.6.26 - Is Gold Becoming System Collateral?

Gold last traded at $4,688 an ounce. Silver at $77.45 an ounce.

EDITOR'S NOTE: As we have mentioned often lately in this space, there is a deep structural shift occurring in the global financial system. Confidence in fiat currencies - especially the U.S. dollar - is waning, central banks are rapidly accumulating gold as a neutral reserve asset, and de-dollarization is further accelerating.

At the same time, silver appears to be following gold into a powerful bull cycle, with technical setups indicating a breakout to new all-time highs beyond $121 as part of a longer-term uptrend fueled by tight supply and strong demand.

With gold evolving into "system collateral", the message is clear: the global economy is transitioning toward a more fragmented, less dollar-centric system, where precious metals play a foundational role.

Gold To Hit $8,000 on the Back of De-Dollarization, Says Deutsche Bank -Watcher.Guru

by Vinod Dsouza

Gold prices are hovering around the $4,500 level, and Deutsche Bank predicts the XAU/USD index could breach $8,000 over de-dollarization. The bank wrote in a note to clients that emerging economies are increasingly diversifying their central bank reserves by sidelining the US dollar by procuring gold. This is a cause of concern as the trend is growing and could change the global financial landscape.

Deutsche Bank added that developing countries added over 225 million troy ounces of gold since 2008, highlighting that de-dollarization will push the XAU/USD prices up in the charts. Countries such as China, Russia, India, Poland, and Turkey remain the biggest buyers of gold. This adds a layer of financial safety net to protect their economies from being vulnerable to sanctions.

In addition, Saudi Arabia, Qatar, the United Arab Emirates, Egypt, and Kazakhstan are not too far behind in accumulation. Countries in Eastern Europe and the Middle East are significantly increasing their gold reserves as de-dollarization expands, Deutsche Bank emphasized. The accumulation rose dramatically after the US imposed sanctions on Russia in February 2022 for invading Ukraine. READ MORE

Silver Setting Up To Smash Through $121 All-Time High -King World News

Jesse Colombo: Today I want to share something inspiring and exciting that flies in the face of the pessimism that permeates the precious metals world right now. While many retail investors as well as prominent commentators are, like lemmings, saying in unison that silver’s surge in late 2025 and early 2026 was merely a bubble that has now burst, I have been adamant that there is no bubble and that it didn’t burst, and that silver is just a couple of years into a long-term bull market that should last at least a full decade.

With that in mind, I now want to draw your attention to silver’s weekly chart below, which shows that the correction that began in late January has been forming a triangle pattern, and when such patterns develop in bull markets, they are typically continuation patterns that lead to sharp upward moves once the correction and consolidation phase is complete.

For this bullish scenario to be validated, a decisive breakout from the pattern must occur, accompanied by heavy volume for additional confirmation (read my tutorial to learn more). Assuming that happens, silver’s bull market should resume, making fools of the naysayers, smashing through the $121 peak from January, and advancing to fresh all-time highs. VIEW CHARTS AND READ MORE

The Hidden Bull Case for Gold: It’s Becoming System Collateral -Investing Haven

Gold has reached an important stage after a strong move. Traders now watch closely to see whether it nears a short-term peak or pauses before another leg higher.

Recent price action suggests the rally has stretched, and a period of consolidation would not come as a surprise.

Meanwhile, the broader backdrop has not changed. Demand from central banks, ongoing reserve diversification, and persistent macro uncertainty continue to support gold’s relevance, even if the next move takes time to develop.

Gold no longer trades only as a reaction to inflation or recession fears. It now plays a broader role in global markets. READ MORE

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