Swiss America: Gold Standard News Daily

9.2.26 - Follow the Gold

Gold last traded at $4,391 an ounce. Silver at $65.40 an ounce.

EDITOR'S NOTE: You don't need to read the tea leaves to understand what's happening in the financial world; you just need to watch what the world's central banks are doing. They have been buying gold at a breathtaking pace, with nearly $47 billion worth purchased in just three months. When the institutions responsible for protecting national wealth are aggressively increasing their gold reserves, I think investors should take notice. Add in a record-breaking U.S. money supply and a continued push toward de-dollarization, and the message is becoming increasingly clear: if central banks are turning to gold for protection, perhaps it's time to ask yourself why you aren't doing the same.

Central Banks Buy $47 Billion Worth of Gold in 3 Months -Watcher.Guru

by Vinod Dsouza

Central banks around the world have purchased a record 289 tonnes of gold in the last three months. The overall worth of the accumulation is a record $47.38 billion, according to the World Gold Council. The buying spree is increasing every quarter as central banks diversify their reserves in 2026. The US dollar is no longer the dominant asset in reserves, as the glittery metal is taking its place. Institutional funds and retail investors are also the largest buyers of the metal.

Poland remains the top buyer by accumulating 51 tonnes of gold. China comes second after adding 33 tonnes of the precious metal during the second quarter of 2026. Gold accumulation in the first quarter of 2026 topped 345 tonnes. The accumulation took place in Q1 when the XAU/USD index fell nearly 14% from January highs. This created a buying window, as prices dipped and central banks made use of the development.

“Central banks made significant gold purchases in Q2 (289t). After a notable Q1 slowdown following a downward revision to our data, buying among this cohort recovered sharply to the lofty levels that have been typical in the last four years,” read a report from the World Gold Council. The frenzy buying kick-started in 2022, after the US imposed sanctions on Russia. Since then, the XAU/USD index has been soaring and has risen more than 150%.

However, gold faced a correction in the last six months, as prices dipped 14%. Several market commentators remain bullish on the commodity, predicting it could breach the $6,000 wall. Only one analyst gave out a bold projection, estimating that gold could climb above $10,000. John LaForge, Chief Alternative Strategist at Ned Davis Research, said that if the US National debt is not controlled, the commodity could reach $10,000 next. READ MORE

Broad U.S. Money Supply Climbs to Fresh Record of $23,220,000,000,000 With Ongoing Monthly Gains -The Daily Hodl

US M2, or the broad measure of money circulating through the U.S. economy, has hit a new peak.

This indicator advanced $102.8 billion during July to reach a record high of $23.22 trillion, reports The Kobeissi Letter.

The total marks the 27th straight month of expansion and stands $1.43 trillion higher than the prior peak from March 2022.

Since the start of 2026 alone, the figure has increased by $862.7 billion.

M2 encompasses currency in circulation along with demand deposits, savings accounts, short-term deposits, and retail money market funds, according to Federal Reserve definitions.

Over the long term since 2000, this aggregate has expanded at an average annual pace of 6.3%, adding roughly $700 billion each year on average.

The latest release underscores continued rapid growth in overall liquidity within the financial system. READ MORE

De-Dollarization Is Not Over, Warns Chief Economist at CICC -Watcher.Guru

by Vinod Dsouza

The recent rise in the US dollar’s share of global foreign exchange does not imply that de-dollarization is seeing a trend reversal, said Miao Yanliang, the Chief Economist at China International Capital Corp (CICC). He wrote in a piece in the Financial Times that long-term diversification is real, and the US dollar will not be spared in the global currency markets.

The economist stressed that de-dollarization will continue due to the faltering US Treasuries. For decades, they have sustained the US dollar’s dominance, but the rising National debt is making central banks reconsider their decision. Diversification, he said, will only keep increasing in the coming years, chipping away at the US dollar’s dominance.

“One reason de-dollarization may persist lies in US Treasuries. For decades, they have underpinned the dollar’s international role by providing deep liquidity and a widely accepted store of value. As US public debt has risen and the international use of financial measures such as sanctions has expanded, some institutions have begun to re-examine their use of Treasuries,” he said.

“For reserve managers, the prudent conclusion is that the shape of the international reserve system and the dollar’s role within it is still evolving. But recent developments do not yet amount to a definitive end to diversification,” he said. He cautioned that central banks are still considering de-dollarization, as the US dollar is hurting their reserves. From gold to local currencies and other commodities, they are actively pursuing diversification. READ MORE

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9.1.26 - The Fed’s Pickle, Gold, and Silver

Gold last traded at $4,329 an ounce. Silver at $64.10 an ounce.

EDITOR'S NOTE: It is increasingly difficult to ignore the unique position gold and silver occupy as the Federal Reserve faces an increasingly complicated economic landscape. With debt levels soaring and policymakers caught between controlling inflation and supporting the economy, the very policies intended to stabilize the financial system could ultimately strengthen the case for precious metals. This article offers an interesting perspective on why the Fed may be in a difficult position, and why the author believes physical gold and silver remain important assets to consider in today's environment.

The Fed’s Pickle, Gold, and Silver -Daily Reckoning

by Adam Sharp

On Friday, Fed Chair Kevin Warsh spooked precious metals with his “hawkish” commentary.

Both gold and silver fell around 3% following the Fed’s press conference.

Warsh talked tough about inflation, leading to fears of interest rate hikes.

According to many financial commentators, interest rate hikes are bad for precious metals. After all, there’s no yield on bullion. So the modern view says that when yields go up, it makes bonds and CDs more attractive, and gold and silver less so.

But in reality, the relationship isn’t nearly so clean. See the chart below, which covers the period from 1970-1980. It shows U.S. 10-year bond yields on top, and the price of silver below. VIEW CHARTS AND READ MORE

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8.31.26 - Celente: 'Gold Is Headed A Lot Higher'

Gold last traded at $4,449 an ounce. Silver at $66.55 an ounce.

EDITOR'S NOTE: I've been saying for some time that the U.S. debt problem is far bigger than the headline number, and this latest analysis puts the true figure at a staggering $126 trillion. If interest rates stay elevated, the cost of servicing that debt only gets more difficult, while a weaker dollar could provide an even stronger tailwind for gold and silver. Yet another powerful reminder of why owning physical precious metals deserves serious consideration as a hedge against what could be coming.

Celente – US Total Debt Is Really $126 Trillion, Gold Is Headed A Lot Higher -King World News

Gerald Celente: “Sometimes people call me a futurist and I say, ‘Nope. Nobody can predict the future because there are too many wildcards.’ And the wildcard right now is the Iran war. When the Iran War broke out gold went down, why? How many tonnes of gold did Russia sell? How many tonnes did Turkey sell? Mexico, selling, selling, selling. This war has cost a lot and eight billion people are paying for it. This war has caused a lot of countries to sell gold.

So this is a temporary downturn in gold. And I agree with you, $4,000 was the bottom for gold. And gold took a hit today because of the new Fed-head comments. The United States, it isn’t $40 trillion of debt, the United States is in about $126 trillion of debt. Oh, and now you are going to raise interest rates and pay more on your debt? No.

We are forecasting that interest rates are not going to be raised. If anything they will hold them or lower them. And lowering them would be to juice up the economy. They are going to do everything they can to prop up this economy. The lower interest rates go, the lower the dollar falls. The deeper the dollar falls, the higher the gold and silver prices go. READ MORE

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8.28.26 - BRICS Nations Hold 17.4% of Global Gold Reserves

Gold last traded at $4,479 an ounce. Silver at $67.05 an ounce.

EDITOR'S NOTE: I’d like to say that BRICS nations have been quietly and steadily buying gold for some time now, but there is nothing quiet or steady about what's happening. They now hold more than 17% of the world's gold reserves, representing an increase of more than 50% in just seven years. The sheer physicality of that is nothing short of remarkable to me. It speaks volumes about how the financial world is positioning itself for major changes right before our very eyes.

BRICS Nations Hold 17.4% of Global Gold Reserves as UBS Targets $5,200 -Watcher.Guru

by Loredana Harsana

BRICS gold reserves have gone up to more than 6,000 tonnes right now, which comes out to about 17.4% of total global gold reserves held by central banks, up from 11.2% back in 2019, according to EBC Financial Group. This also lines up with a more bullish gold price UBS outlook, and the bank’s gold price prediction 2027 has bullion reaching $5,200 an ounce by June. BRICS gold reserves are led, by quite a distance, by Russia and China, and the two together hold around 74% of the bloc’s total at the time of writing.

The rise in BRICS nations gold reserves fits into a bigger shift away from the dollar in official portfolios, and it is happening right when gold itself is also getting repriced higher by some of the biggest banks out there, which only adds to how fast BRICS nations gold reserves have been growing.

Russia holds 2,336 tonnes, the largest single stake in the bloc, and China is close behind with 2,298 tonnes, while India holds 880 tonnes, an EBC note shows. These BRICS nations gold reserves numbers add up fast: BRICS Plus members bought more than half of all the gold purchased by sovereigns worldwide between 2020 and 2024, and in the first nine months of 2025 alone the group added another 663 tonnes, worth close to $91 billion.

Brazil also came back to the table in September 2025, adding 16 tonnes for its first purchase since 2021. This whole run of BRICS gold reserves growth goes back to 2022, when Western nations froze about $300 billion in Russian foreign exchange reserves, a move that pushed central banks toward gold sitting safely in vaults back home, and also out of reach of the SWIFT payments system. READ MORE

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8.27.26 - Have we reached Peak Bubble?

Gold last traded at $4,601 an ounce. Silver at $69.26 an ounce.

EDITOR'S NOTE: I’ve been wondering how much longer the U.S. markets can continue to defy the fundamentals, and this article raises an important question: are we approaching the peak of the current bubble? If that bubble finally bursts, I believe the consequences for stocks, interest rates, businesses and the broader U.S. economy could be significant; and potentially much more severe than many investors are prepared for.

Truth Will Out -Daily Reckoning

by Bill Bonner

Our question for today is: Have we reached Peak Bubble? And if so, what happens next?

The answer is important. Because our top goal is to avoid taking the Big Loss. And the Big Losses come hard and fast at the top of a bubble. And like a sheriff with a summons, they can be hard to dodge.

As long as you can avoid the Big Loss, you’re still in the game. Then, you can let time and luck do their magic. Unglamorous and slow, it’s not like buying the ‘next Nvidia.’ But it works better: buy profit making companies when they are reasonably priced; sell them when they become unreasonably over-priced.

So simple, you could ink it on your palm. So, let’s presume we are at…or near…peak bubble. What to do now?

When a bubble pops, the immediate result is deflation. Prices of key bubble assets go down. Later, everything goes down. The damage rarely stays on Wall Street. Businesses can no longer raise money. Projects are cancelled. People lose their jobs and their incomes. They have less money to spend so ‘demand’ goes down…and with it go prices for almost everything. READ MORE

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8.26.26 - The Economic War Goes Nuclear

Gold last traded at $4,594 an ounce. Silver at $68.13 an ounce.

EDITOR'S NOTE: More and more rumors are circulating that the U.S. may actually be preparing to buy gold again: a remarkable possibility considering the country once held more gold than the rest of the world combined. But that was a very different era, before America accumulated a multi-trillion-dollar debt burden, so the obvious question is: Is it too little, too late?

At the same time, President Trump and Treasury Secretary Scott Bessent appear to be escalating the economic war against Iran, with Bessent describing the next phase as an "economic D-Day." And while all of this is unfolding, where are the BRICS nations? They have plenty of their own challenges to deal with; including some rather embarrassing issues surrounding the hotels selected for their upcoming summit.

US May Go On A Massive Gold Buying Spree Sending Price To $20,000 -King World News

Peter Schiff: Trump stated he may use military intervention if Treasury’s attempt to use bond buybacks fails to lower long-term yields. Does this mean the U.S. will threaten to bomb other countries unless their governments buy long-term Treasuries? I doubt extortion will prove to be viable…

Otavio Costa: Amazes me that no one is mentioning this as a solution.

Want to restore confidence in the Treasury market?

Put something real behind it.

Announce a massive gold-purchase program.

This would be a far better use of taxpayer dollars than another QE policy dressed up under a different name.

I am dead serious.

The Treasury market is desperate for a credible collateral anchor. READ MORE

The Economic War Goes Nuclear -Daily Reckoning

by Adam Sharp

Treasury Secretary Scott Bessent has announced a plan to squeeze Iran economically.

Secretary Bessent warned of an “economic D-Day”, and outlined the plan further in a press conference at 2:00pm ET.

Here’s what Bessent posted on X yesterday.

That last paragraph is particularly important:

“The President has created the conditions to leverage every agency, every authority and action many assumed we would never summon. Our objective is to sever every economic lifeline that sustains the tyrannical regime until Tehran stands alone.” VIEW TWEET AND READ MORE

BRICS 2026 Summit Faces Food Risk, Posh Hotels Booked For Hygiene Lapse -Watcher.Guru

by Vinod Dsouza

The US-based publicly listed Marriott International (NASDAQ: MAR), with a market cap of $94 billion, and has a presence in India’s capital city New Delhi and operates under the name JW Marriott, has been booked by the Food Safety and Standards Authority of India (FSSAI), which is a statutory body that regulates food, after authorities inspected its kitchen and found cockroaches, flies, and food past its expiry date. The hotel is one of the two selected to accommodate foreign dignitaries and diplomats who will attend the BRICS 2026 summit.

JW Marriott, which is located in New Delhi’s Aerocity, has been flagged for a series of safety lapses. Expired food products, pests, issues with refrigeration and storage, inadequate segregation of vegetarian and non-vegetarian food, and deficiencies in food handling were found. Two bread packets were found bearing expired stickers. In addition, officials found the pastry section had several expired cake bases. This comes just weeks before the BRICS 2026 summit, where expats are set to be accommodated.

Hyatt was also raided by FSSAI officials and found several shortcomings. The FSSAI report read that 87 kilograms of expired sweets were found in the confectionery area. A foul smell was also reported in the kitchen area in the findings. The FSSAI has laid the net wide and is inspecting the suppliers of the food items. The licences of the suppliers could also be at risk if found to have safety issues. Other food products like ghee, mayonnaise, lentils and sauces were sent to the lab for testing. The shortcomings before the BRICS 2026 summit put JW Marriott under the scanner. JW Marriott is a 5-star-hotel, serving expensive dishes to customers. READ MORE

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8.25.26 - Bessent to tap near $1 trillion Treasury General Account?

Gold last traded at $4,666 an ounce. Silver at $68.91 an ounce.

EDITOR'S NOTE: Sometimes I read the financial news, especially when it comes to our government, and find myself asking; can they really be serious? The Treasury is reportedly considering using nearly $1 trillion in its General Account, essentially its "rainy day fund," to buy back Treasuries in an effort to keep the debt machine moving. But when $1 trillion doesn't even cover the annual interest on our national debt, draining the rainy day fund while continuing to issue more debt raises a very simple question: What are we actually accomplishing? These numbers are no longer just eye-opening, they're becoming downright alarming.

Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said -CNBC

by Steve Liesman

The Treasury could use its near $1 trillion General Account to help fund its recently announced plans to increase purchases of government bonds, according to two senior Treasury officials.

Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields. The Treasury surprised markets last week with an announcement that it would be doubling the size of buybacks of off-the-run securities on the long end from $2 billion to at least $4 billion. Treasury Secretary Scott Bessent said on CNBC such operations could be even larger than the new higher minimum.

However, the Treasury made no mention of how it would fund the purchases. Most market participants assumed it would do so by selling short-term bills. The senior Treasury officials did not rule that out. Bessent in the CNBC interview called the operation a “Treasury Twist,” a reference to a government or Federal Reserve operation where long-term Treasurys are bought and paid for with short-term issuance. That also implied that short-term bonds would be sold.

But since the surprise announcement, bonds have retreated from an initial rally, sending yields higher, in part because of skepticism voiced by many market analysts about how effective the operation would be and whether the Treasury’s resources were too limited.

Using the TGA could change that perception. The TGA is essentially the government’s checking account, a rainy day fund of sorts held at the Federal Reserve. It is already funded with existing tax collections. Bessent has built up the TGA to around $950 billion currently, compared with a stated goal under the Biden administration of around $550 billion to $600 billion. READ MORE

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8.24.26 - US Now Desperate To Manipulate Gold Price?

Gold last traded at $4,654 an ounce. Silver at $68.86 an ounce.

EDITOR'S NOTE: It’s long been argued that the U.S. government, along with other governments, has worked to suppress the price of gold, in part to protect the fiat monetary system that the financial world has been built around. But what if that strategy has now completely reversed, and the U.S. government actually has a reason to see gold prices soar? With gold potentially being revalued as a way to strengthen the nation’s balance sheet, the possibility of $17,000, $20,000 or even higher gold suddenly takes on a very different meaning. Read more to see why this could be the case.

US Now Desperate To Manipulate Gold Price To $17,000-$20,000 Or Higher -King World News

Matthew Piepenburg, partner at VON GREYERZ: As headlines from the Iranian “conflict” continue to leave the world guessing as to what, if any, military, political and financial solutions lie ahead, we can at least know this much: The approaching autumn looks a bit scary.

The macro setting for our collective transition from summer to fall in 2026 is marked by rising yields across the western yield curve, from Paris to DC.

These rising yields, which represent the cost of servicing debt for nations and enterprises (i.e. stocks) already in debt beyond the sustainability mark, are nothing less than flashing warnings of Uh-Oh ahead.

As of this writing, for example, the yield on the 10Y UST has climbed past the Rubicon of sanity to a dangerous 4.7% at the same time trillions of outstanding USTs face a re-finance at much higher rates.

Needless to say, U.S. tax receipts and GDP will not be enough to pay for the same.

This means we can expect more “Non-QE-QE” from a debt-trapped and fork-tongued Fed which will need to create trillions in more back-door liquidity (i.e. synthetic dollars) off the Fed’s balance sheet to avoid having to say the embarrassing “QE” word out loud.

Toward this desperate end, Warsh has familiar tricks up his sleeve to keep the TBTF banks (the Fed’s real mandate) temporarily liquid at the expense of Main Street inflation and employment stresses (which are the Fed’s pretended mandates). READ MORE

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8.21.26 - Gold Smells a Rat

Gold last traded at $4,628 an ounce. Silver at $69.91 an ounce.

EDITOR'S NOTE: Gold is once again sounding the alarm that the financial system is under pressure. Rising debt, government efforts to suppress yields and the prospect of more money printing will likely create an increasingly favorable environment for precious metals. As this author puts it, "we are fortunate that today we have precious metals as an investment option. Imagine those investors in the 1940s, facing waves of inflation with no option to buy gold."

Gold Smells a Rat -Daily Reckoning

by Adam Sharp

Boom! It was another great day for gold, silver, and miners.

The GDX gold miner ETF is up a whopping 9% as of mid-day.

Gold moved up 3.5% and crossed the $4,500 level. Silver also popped 3.5% to $66.43.

So… what the heck happened?

We got another signal that the U.S. government is desperate to get debt yields lower. And this is a great sign for gold bugs.

And before you protest, I know. Bonds, interest rates, and yields are boring. But this is critical stuff for anyone who owns precious metals, hard assets, foreign stocks, or fixed-income. So hang with me for a moment. VIEW CHARTS AND READ MORE

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