Is It Time To Ring The Bell On Gold?

Is It Time To Ring The Bell On Gold?

Notes From the Field By James Hickman (Simon Black)  September 4, 2025

In our April edition of our premium investment research service, we told subscribers about a highly promising precious metals company— one that we thought was deeply undervalued.

The company had rapidly grown its production nearly 20x in just a few years, not to mention they had also paid off ALL of their debt. Yet they were still trading at just a few times earnings.

With strong cash flow, solid management, and rising gold and silver prices, it was precisely the kind of deep-value setup we look for. This company is now up 5x just since April.

We’ve been very bullish on the precious metals story for the past few years; we have been writing very consistently that gold prices would continue surging higher because central banks around the world are losing confidence in the dollar.

Just this week we told you that foreign governments and central banks now own more gold than they own US government bonds; it’s the clearest sign yet that foreign powers are lining up against the dollar.

Yet while we have been predicting higher gold prices for years, we have been particularly bullish on gold (and other precious metals) companies, i.e. mining, royalty, and service businesses.

And this prediction has also been correct; while precious metals prices are rocketing higher, shares of the companies which produce these metals are performing even better.

Silver, for example, has increased by 33% since April, while one of our silver companies has increased by 400%.

Another silver company we highlighted in March is up 230% in six months.

A gold company we highlighted more than a year ago has increased by 300% in the same time frame that gold has shot up 100%.

We said this would happen. And we said that when investors realized what they were missing, the rise in these companies’ values could happen very quickly. This is precisely what we’re seeing now.

Month after month through our premium investment research service (called the 4th Pillar), we have presented our subscribers with companies that were debt-free, well-managed, extremely profitable... yet trading at laughably cheap valuations.

While the general stock market right now is trading near record-high price/earnings ratios, our featured precious metals companies were trading at multiples as low as TWO.

There’s just one problem: the market is starting to notice. After all, these are all publicly traded companies.

Everyone can see their quarterly financials. Quarter 1 of 2025 was solid. Q2 was exceptional. Q3 earnings are coming out soon, and they will be even better.

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What we have been saying for years is no longer a secret. It’s all out in the open now, and investors are piling in to these gold and silver businesses.

The thing is, these companies still look pretty cheap, simply because they are making so much money and their earnings are growing rapidly.

So despite rising by up to 5X, we believe many of these precious metals companies could still double again in value over the next few months as countless investors start piling in.

We want to make sure our readers still have the chance to participate in this rally over the next few months. 

So if you haven’t yet invested in this historic boom, we think the next few months are set to be absolutely enormous... and could be the last opportunity to get in during this phase of the cycle.

That’s why we really want to encourage you to join our our premium investment research, the 4th Pillar.

In just this month’s edition— which comes out tomorrow— you’ll read about several undervalued gold and silver companies which our chief analyst believes are still primed for major growth over the next few months.

You’ll also hear about another unique real asset company that has a storied history going back to George Washington in the 1790s.

To your freedom,   James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/is-it-time-to-ring-the-bell-on-gold-153473/?inf_contact_key=6d1c8da66d77ade6da29a8ac73ccce713a5186b0959d36194e900cf71a9c9586

The Real Reason The Treasury is Buying Back So Much Debt

The Real Reason The Treasury is Buying Back So Much Debt

Heresy Financial:  9-8-2025

TIMECODES

00:00 Treasury Buybacks Explained

 00:28 Fed vs Treasury – Key Differences

01:22 How the Treasury Manages Money

02:20 Treasury Bonds, Notes, and Bills

03:40 America’s Growing Deficit

04:17 How Treasury Auctions Work

05:01 Buying and Selling Treasuries

 06:07 Why the Government Is Buying Back Debt

07:06 The Credit Card vs Mortgage Analogy

 08:11 Why Short-Term Debt Is Replacing Long-Term Debt

09:50 What’s Really Driving Buybacks

11:00 Why the Numbers Don’t Add Up

11:37 Fed Rate Cuts and Short-Term Debt Strategy

13:43 Liquidity Problems in the Treasury Market

15:31 The Real Reason Behind Treasury Buybacks

 16:22 Can This Game Keep Going?

https://www.youtube.com/watch?v=FEEKYGTuBnI

Gold Telegraph: The World is Changing by the Day

Gold Telegraph: The World is Changing by the Day

9-8-2025

BREAKING NEWS: POLAND’S CENTRAL BANK GOVERNOR PLANS TO PROPOSE AN INCREASE IN THE TARGET FOR GOLD AS A PERCENTAGE OF RESERVES TO 30% FROM 20%

It is starting to add up. Boom…

“Poland’s central bank Governor Adam Glapinski plans to propose an increase in the target for gold as a percentage of reserves to 30% from 20% currently, he said…”

Source: https://www.reuters.com/world/india/gold-slips-after-record-rally-us-payrolls-report-radar-2025-09-04/

Job growth BADLY missed expectations in August. Here comes the rate cut… Spot gold is surging again right now.

Gold is sending a very loud message all over the world. There is a reason why gold is one of the most FEARED assets globally. This is getting wild.

Tether. The world’s largest stablecoin is in talks about investing in gold miners. Connecting the virtual and physical world… I am really starting to get trolled.

Fiat currencies are absolutely being destroyed against gold. Why would there be mercy when paper money can just be printed? You don’t have to be an Einstein to understand this… However, Gold bugs are starting to look pretty smart.

The best opportunities aren’t found by chasing… they are unlocked by recognizing patterns. What the market once despised is now what the world is mesmerized by: Gold. The movie is getting good, no?

At Beaver Creek last year, I asked @Frank_Giustra a simple question: When will capital flow back into miners? The industry was broken then. Now? Things have changed massively. The lesson? Broken sometimes represents a huge opportunity.

BREAKING NEWS: THE UNITED STATES IS CALLING FOR AN INDEPENDENT REVIEW OF THE US CENTRAL BANK, INCLUDING ITS MONETARY POLICY.

Change is in the air.

“Bessent criticized the Fed for expanding beyond its mandate, including pumping too much stimulus via quantitative easing and undertaking excessive regulation of the banking system…”

Source: https://www.bloomberg.com/news/articles/2025-09-05/bessent-urges-independent-fed-review-criticizes-excess-stimulus

BREAKING NEWS: A SECOND TANKER CARRYING LIQUEFIED NATURAL GAS FROM A US-SANCTIONED RUSSIAN EXPORT PLANT HAS ARRIVED IN CHINA

Another one.

“The LSEG tracking data indicated the Russian Voskhod LNG tanker was anchored at an LNG terminal in the port of Tieshan in China’s southwestern province of Guangxi…”

Source: https://www.reuters.com/world/china/second-known-tanker-carrying-sanctioned-russian-arctic-lng-berths-china-2025-09-06/

The People’s Bank of China increased its gold holdings in August for the 10th month. Again. The diversification away from the dollar is REAL. Gold is at the center of it all.

Africa holds around 30% of the world’s critical mineral reserves, and it’s fast becoming the battleground between East and West for control. Don’t overlook this story… or Botswana, a nation poised to play a big role in the years ahead. The next big trend…

“Lithium batteries.”

Don’t be fooled. Less than 10% is lithium. Nearly HALF of the cathode is nickel… the true backbone of the EV battery. Again: Half nickel. That’s where the real story lies. It’s why @elonmusk told miners in 2020: “Please mine more nickel. Tesla will give you a giant contract for a long period of time…”

A key story that many people missed this week? Germany is warning Europe… If China keeps outbidding Europe for copper scrap, a critical supply chain will be destroyed. This is about sovereignty, not just metal. Leaders are finally starting to wake up.

BREAKING NEWS: CHINA IS MOVING TO RESUME ITS DOMESTIC BOND MARKET WITH TOP RUSSIAN ENERGY COMPANIES

Energy…

“Russian ‘panda bond’ sales would be first since 2017 and reflect deepening ties between Moscow and Beijing…”

Source: https://www.ft.com/content/ee8ddacb-79be-4000-a1ed-716d52c60a37

As I have been saying for years: Watch the petrodollar. China is opening its bond market to Russian energy giants. With yuan financing and the Power of Siberia 2 pipeline, energy flows are shifting away from the dollar and the petrodollar era. The world is changing by the day.

Source(s):   https://x.com/GoldTelegraph_/status/1963796212076650661

https://dinarchronicles.com/2025/09/07/gold-telegraph-the-world-is-changing-by-the-day/

$10K Gold & $1M Bitcoin in 5 Years as the Monetary Reset Gets Underway | Lawrence Lepard (Part 2/2)

$10K Gold & $1M Bitcoin in 5 Years as the Monetary Reset Gets Underway | Lawrence Lepard (Part 2/2)

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, continues her conversation with Lawrence Lepard, Founder of Equity Management Associates and author of The Big Print: What Happened to America and How Sound Money Will Fix It.

Lepard outlines how the monetary system is headed toward a dramatic reset and why inflation, debt, and central bank failure may force a new financial order. In this interview:

Why the global fiat system has reached its breaking point

The Fourth Turning: Why this crisis is different

The end of U.S. dollar dominance and rise of new money systems

Could Bitcoin and gold replace fiat? What comes after the collapse?

Why a $10,000 gold price and $1 million Bitcoin are plausible

The real role of MicroStrategy and a potential U.S. Bitcoin pivot

The Fed’s survival is in question – will Powell “get punished”?

https://www.youtube.com/watch?v=Hhee-Sm8XfQ

👉This is Part 2 of a two-part interview. Watch Part 1 here: https://www.youtube.com/watch?v=0QrXNQvFCAo

More News, Rumors and Opinions Sun. PM 9-7-2025

KTFA:

Tishwash:  Baghdad and Erbil complete agreements to resume oil exports.

9/6/2025- Kurdistan 

The Director General of the State Oil Marketing Organization (SOMO), Ali Nizar, confirmed today, Saturday (September 6, 2025), that the agreements and understandings related to the resumption of oil exports between the federal government in Baghdad and the Kurdistan Regional Government have been completed.

Nizar said in a statement to Kurdish media outlets monitored by Baghdad Today, “The Ministry of Natural Resources in the regional government has made every effort to resume oil exports.”

He pointed out that the concerned authorities are now awaiting the start of the export process.  LINK

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Clare:  Granting a license

Al-Tayf Electronic Payment Services Limited Liability Company has been granted a license to operate as an electronic payment service provider (mobile wallet) in local currency only . For more information , click here.

https://cbi.iq/news/view/2975

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Clare:  Integrity: Digitization and automation of state institutions are an effective weapon to combat corruption and maximize revenues.

9/7/2025

Chairman of the Federal Integrity Commission, Mohammed Ali Al-Lami, stressed on Sunday the need for state institutions to digitize and automate their procedures, noting that this would help prevent corruption and maximize the state's revenues.

Al-Lami noted, according to a statement received by Al-Eqtisad News, during his meeting with Titon Mitra, the Resident Representative of the United Nations Development Programme (UNDP) in Iraq

The long-standing partnership between the Commission and the Programme, praising the great cooperation shown by experts and technicians at the UNDP in the Commission’s departments’ procedures for digital transformation, including the Enterprise Management System (Laser Fiche), and the project to establish a Digital Forensics Laboratory (DFL), which seeks to support the Commission in tracking smuggled funds resulting from corruption crimes, and enhances its ability to detect corruption, fraud and money laundering, investigate these crimes and deter their perpetrators.

Al-Lami continued, saying that all countries suffer from the serious effects of the scourge of corruption, highlighting the importance of concerted efforts among countries, organizations, and United Nations programs to help track down and extradite wanted individuals and recover the proceeds of corruption they smuggled.

For his part, Titon Mitra, according to the statement, praised the harmony, coordination, and cooperation with the Authority, especially in launching awareness and educational programs, noting the importance and difficulty of oversight work and the hardships endured by those who undertake these important tasks.   LINK

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man   Article:  "The Minister of Communications:  We will launch e-signatures soon".  It sounds like a boring article...If you break it down and see what the impact is, it's really important that Iraq has international standards...We're talking contracts.  An e-signature means...they know this is real.  This isn't a joke...Iraq is effectively globally recognized...That's a good article.  

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
This new e-wallet they're talking to us about is fantastic. No is great!  You see, we as individual citizens in Iraq and as a businessman we can now all pay for any item from anywhere in the world using our own dinar.  That's a first.  It's all set up.  We just need a real effective exchange rate.  FRANK:  I believe this is a vital part of the monetary reform...I believe it's also related to the collection of the 3-zero notes.  This e-wallet is allowing you to send a worthless dinar across your borders?  Like you say, now it needs a rate that others around the world want.

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The 3 Digit Silver Path Just Opened—COMEX Can’t Close It Anymore | Andy Schectman

Two Dollars Investing:  9-7-2025

The silver market just crossed a point of no return—and Andy Schectman says it’s only a matter of time before triple-digit silver becomes reality.

 Here’s why: COMEX is drowning under massive short positions that no longer work.

 Physical demand is draining inventories at historic levels. Central banks and sovereign buyers are moving first while retail is asleep. This isn’t just another breakout—it’s the death spiral of the paper silver game.

Once silver rips through $40, there’s virtually no resistance until $50… and after that, the path to 3-digit silver is wide open.

If you’re still waiting for a signal, this is it. The insiders are already positioned. The question is: will you be in before the supernova begins—or will you watch it from the sidelines?

https://www.youtube.com/watch?v=BxmQK6tS8Rw

The “Emperor Dollar” has No Clothes

The “Emperor Dollar” has No Clothes

Liberty and Finance:  9-4-2025

The financial world is abuzz, and for good reason. Gold has decisively broken above $3,550 and silver is soaring past $41, signaling a potentially monumental shift in global finance.

Mario Innecco discusses the breakout in gold above $3,550 and silver above $41, explaining that both technical momentum and global fundamentals are driving the moves.

 He highlights geopolitical turbulence, mounting Western debt, and stronger BRICS unity as key forces behind the shift away from the dollar and toward gold.

Mario warns that rising sovereign yields worldwide reflect eroding confidence in fiat currencies, with central bank interventions failing to contain the trend.

He connects today’s instability to years of artificially low interest rates, arguing that a painful adjustment toward higher rates and a more frugal economic reality is inevitable.

 Looking forward, he sees gold and silver surprising to the upside, a growing risk of dollar devaluation, and the possibility of a future gold revaluation by central banks.

But according to Mario Innecco from Liberty and Finance, whose insights were recently featured on Wealthion, this isn’t merely a technical market fluctuation. Instead, it’s a powerful combination of technical momentum and profound global fundamentals driving precious metals into uncharted territory.

These factors, Innecco argues, are accelerating a pronounced shift away from the U.S. dollar as the world’s reserve currency and a decisive move towards gold as the ultimate store of value.

The implications of these shifts are already manifesting. Innecco highlights the rising sovereign yields worldwide as a critical indicator.

These higher yields reflect a palpable and rapidly eroding confidence in fiat currencies. Despite central banks’ desperate attempts to intervene and contain the trend, the market’s message is clear: the party is over.

He connects today’s instability directly to years of artificially suppressed interest rates, a policy that papered over cracks but ultimately prevented a necessary economic cleansing.

The chickens are coming home to roost, and Innecco unequivocally states that a painful adjustment toward higher rates and a more frugal economic reality is inevitable. There’s no escaping the consequences of decades of easy money.

Innecco’s message is clear: the current rally in gold and silver is not just a passing trend. It’s a reflection of deeper structural changes in the global financial system, signaling a fundamental re-evaluation of how wealth is stored and valued.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Gold & silver surging

4:00 Sovereign debt crisis

6:01 Interest rates

8:37 Risks to 60/40 portfolio

10:45 Dedollarization Gold revaluation

17:54 High interest rates

20:50 Fed independence

22:28 Gold revaluation

25:00 Last thoughts

https://www.youtube.com/watch?v=L8peaXWQ3ZM

News, Rumors and Opinions Friday 9-5-2025

Ariel :The HCL is Not an Obstacle to Revaluation

9-5-2025

The HCL is not an obstacle to revaluation, no such link. In fact, a major Iraqi oil deal signed with BP in September 2025 is based on a revenue-sharing model that does not require the HCL, showing that oil export agreements can proceed without it. This info is publicly available.

Reports came out yesterday stating officially that BP will contribute between $20 billion and $25 billion under a profit-sharing arrangement that would last more than 25 years.

So we need to understand everything is not a straight line. Iraq is making very flexible maneuvers. And they are not held to this one thing that requires preliminary actions regarding a rate that is needed in order for them to do these massive oil deals that helps diversify their economy. Now there is one thing to consider.

Revaluing without the HCL risks KRG pushback, potentially disrupting 400,000 barrels/day of northern oil exports (10% of Iraq’s total). However, CBI’s $100+ billion reserves and intervention capacity (demonstrated in 2023’s 1,460-to-1,320 IQD/USD adjustment) can absorb volatility, with capital controls limiting withdrawals to $5,000 initially.

So I think they have this covered. And we all can release ourselves from this assumption that the HCL needs to be passed as this mandatory action that is required for a rate change. This is simply up for preferred usage on Iraq’s part.

Link Below

Chachiv:  So AJ was right about HCL law? Majeed said HCL didnt need to be passed?

Ariel:  Listen Iraq’s potential to revalue the Iraqi dinar (IQD) in 2025 does not strictly depend on the finalization of the Hydrocarbon Law (HCL), as the Central Bank of Iraq (CBI) has sufficient economic levers reserves, banking reforms, and international alignments to execute a revaluation without.

They are not strictly held to it. But here is why it matters.

 The HCL’s passage would significantly enhance the stability and global confidence required for a sustainable rate adjustment, making it a preferred but not mandatory prerequisite.

So it can go either way if they want. It's really up to how they want to do it.

https://www.iraqinews.com/iraq/bp-starts-developing-oil-fields-in-northern-iraq-under-25-billion-deal

Source(s): https://x.com/Prolotario1/status/1963509502692430145

https://dinarchronicles.com/2025/09/04/ariel-prolotario1-the-hcl-is-not-an-obstacle-to-revaluation/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: The CBI talking today how they will watch over the new exchange rate and keep it stable.  It sounds like a managed float is what's coming.  FRANK:  It sounds like they're telling you there's a new rate coming...I agree with you 100%. This phase that we're in right now with the monetary reform is teaching you what's in the monetary reform?  The float. 

Nader From The Mid East  Please...let's be real.  All that stuff $10, $7, $6 [for the dinar RV rate], more than $3.22 I don't want to hear it.  It's really the abuse of your mind.  I'm serious...It will not go more than $3.22 I promise you.  This is serious.  It's 100%.

Militia Man    Article:   "12 INTERNATIONAL COMPANIES SUBMIT BIDS TO OPERATE MOSUL INTERNATIONAL AIRPORT"   This shows Iraq already has the support from the international community. There are firms from Turkey, Britain, the UAE, and Oman.   The investment climate has become ripe for public-private partnerships. That means cross border collaborations. This too is support for Iraq's [global] integration! ...They’ll need the support from the central bank by having plenty of foreign currencies...to help facilitate trade on a global scale. Investment in the Mosul airport supports this effort as well! 

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This Is Bigger Than a Market Shift. It’s a Global Reset.

Gold Core TV:  9-5-2025

Gold made new highs. Silver followed. The headline is simple, the drivers are not.

In this short briefing, Jan Skoyles explains why the long end of bond markets weakened, how policy credibility entered the price, and what Beijing’s choreography signalled for risk premia.

 The focus is practical. How to think about duration risk today. Why a measured allocation to bullion can still improve portfolio resilience.

Key points

 Real yields firmed while #inflation expectations were stable. This is a repricing of confidence, not a panic about prices.

Long bonds remain an anchor for diversified portfolios, yet the anchor has moved.

 Funding costs matter. #Geopolitics widened the range of plausible outcomes and lifted hurdle rates.

 A measured allocation to gold and silver can diversify exposure to single issuer promises. Actionable takeaways Reassess duration risk in the context of higher real yields.

https://www.youtube.com/watch?v=KeLtzKqIP2Q

Another Big Print Is Coming: Inflation to Get Worse, Fed May Not Survive | Larry Lepard

Another Big Print Is Coming: Inflation to Get Worse, Fed May Not Survive | Larry Lepard (Part 1/2)

Miles Franklin Metals:  9-3-2025

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, interviews Lawrence Lepard, Founder of Equity Management Associates and author of The Big Print: What Happened to America and How Sound Money Will Fix It.

In Part 1 of this interview, Lepard issues a stark warning:

Another massive print is on the horizon – bigger than anything we’ve seen before

Inflation isn’t a policy failure, it’s a feature of the system, and it’s about to get much worse

The Federal Reserve’s credibility is collapsing and the U.S. central bank may not survive the next crisis

America’s monetary system is broken by design, driving inequality, asset bubbles, and civil unrest

The next Fourth Turning will center on the battle between sound money and fiat destruction

Lepard breaks down how we got here – from Bretton Woods to Nixon closing the gold window – and why today’s unsound money is not just an economic issue, but a political and moral one. Are we heading toward hyperinflation, collapse, and a full monetary reset?

Can we build a post-Fed financial system based on gold, silver, and Bitcoin? This is the monetary endgame. You need to understand it before it hits.

Stay tuned for Part 2, where we dive deeper into how this Fourth Turning will play out, revaluation scenarios, and what the next monetary system will look like – a gold standard, Bitcoin, or something else?

00:00 Coming Up

01:09 Introduction: Understanding Sound Money

09:48 The Debt Crisis Explained

12:36 The Consequences of Unsound Money

22:26 Yield Curve Control & Sovereign Bonds

 23:04 Historical Analogies: Post-WWII Debt & Inflation

 24:23 The Inflationary Cycle & Its Implications

26:36 The Unfairness of Inflation

 33:20 The Federal Reserve & Its Impact

 35:45 Navigating the Transition to Sound Money

38:22 The Fourth Turning & the Future of Money

https://www.youtube.com/watch?v=0QrXNQvFCAo

Gold Just Hit Another All-Time High—What’s Next?

Podcast: Gold Just Hit Another All-Time High—What’s Next?

Notes From the Field By James Hickman (Simon Black)   September 3, 2025

You might be surprised to know that the government is facing yet another shutdown at the stroke of midnight on September 30. 

A lot of people might be thinking two things: First— “again?” And second— what about the “One Big Beautiful Bill”? 

The One Big Beautiful Bill, signed into law on July 4, did not, in fact, contain all the necessary resolutions to fund the government for the next fiscal year (which starts on October 1). 

As a result, Congress still needs to pass 12 appropriations bills in order to avoid a shutdown at the stroke of midnight on September 30. 

From what we can tell, the Trump administration seems to be pushing for spending cuts this time around, which is great. I sincerely hope they are successful, because the country desperately needs fiscal restraint. 

But at this point, it’s up to Congress—and that’s far from a foregone conclusion. 

The most likely scenario is they’ll just punt any real decision-making and instead pass a stopgap continuing resolution that will merely add to the deficit. 

In short, America will remain on its current trajectory—which the Congressional Budget Office estimates about $25 trillion in additional deficit spending over the next ten years. 

This is why so many foreign governments and central banks are aggressively working to establish some kind of alternative to the US dollar as the global reserve currency. 

Most likely, they won’t be very successful—simply because nobody trusts the Chinese or the Russians. India has far too many capital controls. So does Brazil. 

And as large as these countries may be in combined economic power, they have completely different economic priorities. Plus they don’t even trust one other. 

So the prospect of some “BRICS dollar” emerging as a serious competitor to the US dollar’s reserve status is laughable. 

But there actually is a serious competitor already—and that’s gold. 

The reason why is simple: no single country controls gold. There’s no supranational agency that can regulate the gold price. Gold is a free market, all about supply and demand, and it happens to be an asset nearly every central bank on the planet already owns. 

This is the reason why gold has surged to an all-time high—because foreign central banks just keep buying so much of it. 

And they’re doing it to reduce their exposure to the US dollar, and to reduce the hold and power the US government has over them. 

We think this trend is absolutely going to continue. 

And that’s why we’re still in the early days of this gold boom. 

In today’s podcast, we discuss all this, as well as:

• The global sell-off of US Treasuries and the pivot by foreign central banks toward gold.

• Why foreign governments and central banks now own more gold than US Treasuries for the first time in decades.

• Historical lessons—from the Byzantine empire to Venetian gold ducats—on what happens when trust in a currency breaks down.

• How central banks are also eyeing platinum and strategic assets as alternatives to the dollar.

• Why well-managed gold and silver producers could deliver outsized returns compared to the metals themselves.

• How owning gold today is a hedge against US fiscal chaos and a way to offset the increased costs of inflation.

• Why we’re still in the early innings of a gold bull market, even with prices already at record highs.

You can listen to the full podcast here.

For the audio-only version, check out our online post here.

Finally, you can find the podcast transcript for your convenience, here.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC    LINK

News, Rumors and Opinions Thursday 9-4-2025

Gold Telegraph: Big Things are Starting to Happen

9-4-2025

This game hardens you. Most will laugh, mock, or dismiss. But remember… insanity is just what conviction looks like before the crowd catches up. If you want to be a contrarian, prepare to walk through fire to get to your destination.

BREAKING NEWS: RUSSIA AND CHINA HAVE SIGNED A LEGALLY BINDING DEAL TO BUILD THE LONG-DELAYED POWER OF SIBERIA 2 GAS PIPELINE

Huge news. 50 billion cubic meters of gas per year…

“Supplies under the new Power of Siberia 2 agreement will run for 30 years…”

Source: https://www.cnbc.com/amp/2025/09/02/power-of-siberia-2-russia-signs-new-gas-pipeline-deal-with-china.html

Japan:

Yields on 20-year government bonds highest since 1999.
Yields on 30-year government bond highest on RECORD.

Debt markets… wild.

Big things are starting to happen in critical minerals in Africa NexMetals just hit a breakthrough at its Selebi Mines in Botswana now producing saleable copper and nickel concentrates with cobalt, eliminating the potential need for an on-site smelter.

US Dollar at RECORD low vs. Gold.

I always said the final battle would be between these two. The story is unfolding now.

Think about this: Foreign central banks now own more gold than U.S. Treasurys. Washington can print dollars and absorb its own debt at any time it wants. The world knows where that road leads… currency debasement. Prediction 3 from 5 years ago is now playing out in real time:

Prediction: Three very likely things are going to happen in the next 5 years:

1) Outright default on a large proportion of public debt.

2) Wipe out debts through currency debasement

 3) A transition to a new monetary standard to automatically deleverage debt. GOLD!

BREAKING NEWS: THE HEAD OF AN INFLUENTIAL THINK TANK IS WARNING THAT THE EUROPEAN CENTRAL BANK AND ITS PEERS AROUND THE WORLD SHOULD POOL THEIR RESERVES FOR U.S. DOLLAR LIQUIDITY AS FEDERAL RESERVE HELP CANNOT BE GUARANTEED

All eyes on the weaponized financial system…

“European central bankers have privately discussed alternatives…”

Source: https://www.reuters.com/business/finance/central-banks-urged-pool-dollar-reserves-fed-help-questioned-2025-09-03/

Source(s):  https://x.com/GoldTelegraph_/status/1962965877051076794

https://dinarchronicles.com/2025/09/03/gold-telegraph-big-things-are-starting-to-happen/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Jeff   There's a lot of amazing news out there... Just so you know, the original [Iraqi dinar] currency devaluation occurred back in the month of September around 2004 or 2005. September is a critical piece right now based on everything out there.

Militia Man It is fascinating to see how far Iraq has come in the process of a revaluation, IMV a redenomination, and an application of a real effective exchange rate...Hopefully what we're going to see is they'll be doing these things for international Forex markets...  Article quote:   "This formalization supports the groundwork for potential revaluation or redenomination as a more controlled money supply enhances the CBI's ability to adjust the currency's nominal or real value without destabilizing the economy."

Walkingstick  Can Iraq be part of the WTO and have 1310 as their value?  Yeah...You may say to yourself, 'they need a high value.  They need a respectable value...?'  No...To be a member of the WTO means the most important thing for the Iraqi dinar...What is so good about the Iraqi dinar being represented by the WTO or what is so good about the WTO being represented by the dinar?  ...To be a member of the WTO means there's no restrictions on their currency.  Anyone and everyone can buy, sell, and trade with the Iraqi dinar.  That's as free as the wind.  Therefore, it's sovereign.  Therefore it's going to grow in value...as the weeks, months and even years go by...That's the whole purpose. 

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GOLD SURGES as U.S. Debt Explodes by $550B in 30 Days

Taylor Kenny:  9-4-2025

For the first time since 1996, central banks now gold more gold than U.S. treasuries.

 We are watching them position themselves for what comes next.

In this urgent update, we will discuss the explosive shift happening behind the scenes–where the elites are moving billions into physical gold, while everyday Americans are left with a rapidly devaluing dollar.

CHAPTERS:

0:00 Gold Tops U.S. Treasuries for Central Bank Holdings

1:12 Stock Market Bubble Warning

2:37 Central Banks Ditch Treasuries

4:21 Positioning vs Diversification

 6:39 Physical Gold Demand Explodes

 8:22 U.S. Debt Spiral Accelerates

9:51 Gold is Built to Endure

https://www.youtube.com/watch?v=jOUv-krbtzM

Gold & Silver Update: This Isn’t a Rally—It’s a Currency Reset

Gold & Silver Update: This Isn’t a Rally—It’s a Currency Reset

Mike Maloney:  9-4-2025

Is gold really “going up”—or are currencies falling?

In this Gold & Silver Update, Mike Maloney breaks down why he believes we’re living through a global monetary reset, where structural demand meets tight supply and the paper gold system looks stretched.

 In this video:

 Gold’s surge explained: currency devaluation vs. asset boom

New demand pipes: China insurers’ physical buying, India pensions eyeing gold access, Indonesia prioritizing domestic reserves

Why retail hasn’t piled in—and why that matters

 Paper vs. physical: leasing, rehypothecation, GLD tonnage vs. price, and delivery risk

Silver’s setup vs. its 1980 inflation-adjusted high Long-term log charts: how prior 4× steps point to much higher potential prices

Real-world pricing in grams of gold (Venezuela example)

 Mike’s approach: accumulate gold & silver, let the gold–silver ratio guide the mix (not financial advice)

 If you care about purchasing power, sovereign demand, and the fault lines between paper and physical markets, watch to the end.

https://www.youtube.com/watch?v=INoWdAW0DMQ

Dollar ALERT: Foreign Central Banks Now Own More Gold Than USD

Dollar ALERT: Foreign Central Banks Now Own More Gold Than USD

Notes From the Field By James Hickman  (Simon Black)  September 2, 2025

For centuries, the Byzantine Empire’s gold coin, known as the solidus, had been the backbone of global trade in the medieval world; nearly pure gold, the solidus was trusted by merchants from Baghdad to London.

But by the 11th century, multiple emperors had chipped away at its gold content—watering it down to pay for wars, bureaucracy, and the costs of an empire in decline.

By the time Alexios I took power in 1081, the solidus was barely 40% gold, and merchants never knew which version they were getting or how much real gold it contained.

Alexios tried to restore confidence by minting a new coin in 1092, one he called the hyperpyron—which literally means “super-refined” in Greek.

At 85% purity, it didn’t have the same purity as the old solidus, but the hyperpyron was credible enough to restore trust... for a little while.

But then history repeated itself over the next century; later emperors debased the hyperpyron, just as their predecessors had debased the solidus. And by the late 1200s, there was no more trust in the currency.

When Venice launched the ducat in 1284— at over 99% pure gold— it also came with a pledge that the Venetian government would never debase it.

Combined with Venice’s trade power and rapidly growing wealth, the ducat quickly became the literal gold standard for international trade.

So much, in fact, that by the mid-1300s, the once-mighty Byzantine Empire was pawning its imperial jewels in exchange for Venetian ducats.

(It would be the loose equivalent of the US government selling off national parks in exchange for Swiss francs...)

That was the moment it became obvious to everyone that the Byzantine Empire was no longer the world’s dominant superpower... and that the world’s reserve currency had changed hands.

This pattern repeats itself throughout history. Most reserve currencies have a long, slow decline, as well as clear moments that stand out.

Today, the US government isn’t quite pawning Mount Rushmore for Swiss francs... but we are witnessing a clear moment that demonstrates a loss of confidence in the US dollar:

Foreign governments and central banks now own more gold than they own US Treasury securities.

That means that foreign nations trust in gold more than they trust in the US government.

We’ve been saying this for years: foreign central banks are selling their dollars, and using those dollars to buy gold.

Why? Because the US government’s massive debts make it a less trustworthy lender. While it’s unlikely that the US would outright default, it is very likely that Uncle Sam will eventually turn to the money printer as the “solution” to its debt challenge.

And any foreign central bank which owns a ton of US debt doesn’t want to be paid back with inflated dollars. Better to minimize that exposure now and pare down their dollar holdings.

What do they buy instead? Gold.

Not because central bankers are ‘gold bugs’. But because gold has a 5,000 year history of maintaining value. Because it is dense wealth they can hold physically in their vaults. And because there is a large enough global market to be able to buy or sell metric tons at a time.

This growing gold demand from foreign central banks has been the main driver of gold’s massive bull run— from $1,700 per ounce just three years ago, to over $3,500 per ounce today.

I take no pleasure in pointing this out, but it is becoming clear that foreign governments and central banks simply no longer have the confidence in the US that they once did.

You can see the momentum building; just this week in China, Putin, Xi Jinping, and India’s Modi stood before the world urging trade in national currencies and laying the groundwork for a new financial system designed to chip away at the dollar’s dominance.

And it’s not hard to figure out why.

According to its own projections, the US Treasury will need to sell over $22 trillion in new debt over the next ten years. That’s not a worst-case scenario—that’s the baseline forecast.

Foreign governments and central banks are traditionally one of the largest buyers of US government debt. Yet they’re clearly starting to back away from Treasury bonds... and the US dollar.

This means that the Treasury Department will struggle to find lenders over the next several years... which very likely means relying on the Federal Reserve to ‘print’ the money they need... which of course would be highly inflationary.

This isn’t a doomsday prediction. It’s not a partisan argument. It’s just the reality that America is facing.

Most likely nothing catastrophic will happen tomorrow. Or this month. Or this year. But America is clearly running out of time.

This is not a time for panic; in fact it’s critical to understand that there are rational ways to prepare for the challenges down the road.

We’ve been suggesting gold (and silver) for a number of years, both of which have proven to be excellent shelter.

At $2,000 gold we said this was just the beginning. At $3,000 gold we said that the story was still in its early days. At $3,500 gold, I’m still telling you that this story has much longer to play out.

Nothing goes up or down in a straight line, so there will always be pullbacks and corrections. But the case for gold easily goes to $5,000... and potentially well over $10,000.

That’s not based on any idolatry or fanaticism... but rather a cogent, rational understanding of how global central banking works.

The bottom line is that the world is losing confidence in the US dollar as the global reserve currency. And, right now, there is no alternative. Except for gold. And for that reason central banks (over the long run) will keep stockpiling it... and driving the price higher.

To your freedom,          James Hickman  Co-Founder, Schiff Sovereign LLC   LINK

Massive Commodity Supercycle is Just Starting

Massive Commodity Supercycle is Just Starting

VRIC Media:   9-2-2025

In a world buzzing with economic forecasts and geopolitical tensions, it’s easy to get lost in the noise. But what if the true drivers of markets, and even global conflicts, are far more fundamental than daily headlines suggest?

That’s the compelling argument put forth by Jay Martin, CEO of V-Rick Media, in a recent insightful interview with Daryl Thomas on VRIC Media. Martin, a veteran in the natural resources sector, cuts through the complexity to reveal a core truth: supply and demand for natural resources are the foundational forces shaping our economic landscape.

For over a decade, specifically since 2011, the hard assets sector, particularly precious metals and mining, has experienced a capital drought. But according to Martin, that era is decisively over. He highlights a significant return of capital to this vital sector, signaling a new, methodical, and healthy market cycle. This isn’t the fleeting commodity surge we saw in 2020-21; it’s a structural shift.

While major indices like the S&P 500 and Dow Jones continue to hover near all-time highs, Martin points out their inherent vulnerability. Much of their strength lies in the concentration of a few mega-cap tech firms, leaving them susceptible to significant corrections.

In contrast, Martin and Thomas advocate that precious metals and mining stocks offer a compelling long-term hedge against inflation and market volatility. As the global economy grapples with escalating costs and unpredictable events, the tangible value of natural resources provides a crucial anchor for portfolios.

Martin even shared a fascinating anecdote about a successful investment in a plant-based baby food company, illustrating how strong macro trends coupled with exceptional management can drive success, regardless of the sector. It’s a testament to the universal principles of sound investing.

Jay Martin’s insights are a powerful reminder that while headlines grab attention, the fundamental supply and demand for natural resources quietly shape our world. As capital flows back into hard assets, understanding this sector could be key to securing your financial future

https://youtu.be/gGOf5FTdl-I