Who Decides What Gold Is Worth? How Gold Prices Are Determined

Who Decides What Gold Is Worth? How Gold Prices Are Determined

Catherine Brock   Yahoo Personal Finance

The price of gold can be quoted in multiple forms because the precious metal is traded in different ways. The two main gold prices that investors should know about are spot prices and gold futures prices.

The Spot Price

The spot price of gold is the current market price per ounce for physical gold as a raw material, sometimes called spot gold. Gold ETFs that are backed by physical gold assets generally track the gold spot price.

The spot price is lower than what you'd pay to buy gold coins, bullion, or jewelry, since your total price will include a markup called the gold premium that covers refining, marketing, dealer overhead, and profits. The spot price is more like a wholesale price, and the spot price plus the gold premium is the retail price.

Gold Futures

Gold futures are contracts that mandate a gold transaction at a specific price on a future date. These contracts are exchange-traded and more liquid than physical gold. They settle on the contract expiration date or earlier, either financially or via delivery. A cash settlement involves paying the contract's profit or loss in cash. Delivery means the seller sends physical gold to the buyer for the contracted price.

Factors That Affect Gold Prices

Supply and demand determine gold spot prices and gold futures prices. Factors that influence gold supply and demand include:

1. Geopolitical events: Gold is considered a safe-haven asset, meaning it can hold its value — and sometimes appreciate — when stocks and other assets are volatile or in decline. Geopolitical events, such as military conflicts and trade disputes, can prompt stock price volatility and, in turn, stoke higher demand for gold.

2. Central bank buying trends: Central banks own gold to hedge against inflation and support economic stability. Unlike traditional currency, the price of gold is not tied to a banking system that is subject to manipulation or collapse. Central banks influence the global gold supply because they buy and sell in large quantities.

3. Inflation: Many investors consider gold an effective hedge against inflation. Rising prices, therefore, can stimulate gold demand and push gold prices higher.

4. Interest rates: When interest rates rise, gold prices can decline. When interest rates fall, gold prices can rise. This happens in part because gold does not pay interest. Cash and fixed-income assets are preferred in higher-rate environments because they can produce higher yields.

5. Mining production: Mining activity affects the global gold supply, while production costs influence gold prices.

Historic Price Of Gold

Historically, the gold futures price has been volatile, particularly when adjusted for inflation. Significant trends include:

1. April 1934 to July 1970: Gold declined more than 65% in an extended downturn.

2. July 1970 to January 1980: Gold rose nearly 850% in a sharp spike upward.

3. January 1980 to February 2001: Gold fell 82%.

4. February 2001 to September 2025: Gold gained by 591%. 
   

CHART:  https://finance.yahoo.com/personal-finance/investing/article/who-decides-what-gold-is-worth-how-gold-prices-are-determined-130135952.html

Owning gold potentially exposes you to similar extended trends, which is why it's important to set your allocation carefully.

In the lackluster years, your gold position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold's underperforming years so you can benefit more in the good years. In this case, you would target a higher percentage.

If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since 2000.

Current Gold Dynamic

In 2025, the gold futures price rose more than 65%. It was the precious metal's strongest calendar year performance since 1979.

Thomas Winmill, portfolio manager at Midas Funds, said the historic run-up into 2026 has been driven by investors seeking a hedge against a "potential negative reaction in the general stock and bond markets to the current news cycle." Headlines about evolving U.S. tariff policies and U.S. military involvement in Venezuela, Iran, Greenland, and domestic cities can be unnerving for investors.

Additionally, rising national debt erodes confidence in the U.S. dollar. A continuation of that trend would negatively affect financial assets such as stocks and bonds and benefit gold.

While the specific factors driving gold's strength today may be historically distinct, gold's recent performance is not out of character. "Gold's behavior, like that of any hard asset, can be extremely volatile," Winmill said. As an example, gold rose more than 100% in 1979 and nearly 30% in 1980 before falling about 33% in 1981.

TO READ MORE:  https://finance.yahoo.com/personal-finance/investing/article/who-decides-what-gold-is-worth-how-gold-prices-are-determined-130135952.html

Gold Holds As Investors Weigh China, Iran Relations

Gold Price Today, Wednesday, September 23, 2026: Gold Holds As Investors Weigh China, Iran Relations

Tim Manni · Wed, September 23, 2026   Gold (GC=F) December futures opened at $4,394.70 per troy ounce on Wednesday, September 23, 2026, up 0.4% from Tuesday's close. Gold moved lower in early trading this morning to $4,352 per troy ounce as of 6:51 a.m. ET.

Gold prices have settled back in the $4,300 range again as investors weigh the latest developments in Iran relations and as President Trump welcomes Chinese leader Xi Jinping to Washington today. This week's U.S.-China summit marks the first time in 11 years the Chinese President has been to Washington, D.C.

Many important issues are on the table for the two world leaders to discuss this week, including trade negotiations, rare earths, AI, and the war in Iran.

Hopes for easing tensions between the U.S. and Iran have been lifted after the two countries met for several hours at the United Nations yesterday, with oil prices responding in kind. Brent crude oil prices (BZ=F) are now down to under $96 a barrel, a 9.98% decline over the last five days.

Live updates: Stock market today: Dow, S&P 500, Nasdaq futures muted as oil falls, markets eye looming Trump-Xi meeting

Current Price Of Gold 

Gold futures opened flat on Wednesday, September 23, 2026, compared to Tuesday's close. Here's a look at how the opening gold price has changed versus last week, month, and year:  

• One week ago: +1.4%

• One month ago: -4%

• One year ago: +16.2%

For context, the one-year gain for gold was 95.6% on Jan. 29.

24/7 gold price tracking: Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week. 

Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.

Considering A Gold Alternative?

If you're looking for a gold alternative, Yahoo Finance also tracks the daily price of silver (SI=F) and the daily price of bitcoin (BTC-USD) and ethereum (ETH-USD).

Ways To Invest In Gold 

There are different ways to invest in gold, and each has pros and cons. Four common options are:  

1. Physical gold

2. Gold mining stocks

3. Gold ETFs

4. Gold futures

Physical gold

Physical gold includes jewelry, gold bars, and gold coins. Some prefer physical gold over other forms because it's tangible and easy to purchase. You can easily buy a gold necklace at the mall or gold bars at Costco (COST). 

Physical Gold Pros And Cons

 The Advantages Of Physical Gold Include:

1. Readily accessible for use: If you keep your physical gold at home, it is easily available to use as a medium of exchange in an economic emergency.

2. No added volatility or ongoing fees: If you hold the gold yourself, "you eliminate counterparty risk and storage fees or expense ratios," explained Brett Elliott, director of content and SEO at American Precious Metals Exchange (APMEX). You also avoid the added business volatility associated with gold mining stocks, as explained below. 

Learn more: Take a deeper dive into the gold sector

The Disadvantages Of Physical Gold Include:

1. Risk of theft or loss: Physical gold must be properly secured. You can store it at home for free, or invest in third-party storage and insurance. Remember that fees associated with storage or insurance dilute your returns.   

2. Lower liquidity: Physical gold is less liquid — that is, harder to sell quickly — than stocks or ETFs. Also, if you are not using the gold as a medium of exchange, you must find a dealer and pay a markup on the sale.

TO READ MORE: https://finance.yahoo.com/personal-finance/investing/article/gold-price-today-wednesday-september-23-2026-gold-holds-as-investors-weigh-china-iran-relations-110649042.html

Gold’s Investment Case Has Fundamentally Changed, And Rising Yields Are No Longer A Dealbreaker

Gold’s Investment Case Has Fundamentally Changed, And Rising Yields Are No Longer A Dealbreaker - FTSE Russell’s De

By Neils Christensen  (Kitco News) - Rising bond yields are creating a significant headwind for gold, but investors should be careful about applying the precious metal’s traditional relationship with interest rates too rigidly, as structural changes in global demand continue to support elevated prices, according to FTSE Russell.

In an interview with Kitco News, Indrani De, Head of Global Investment Research at FTSE Russell, said both nominal and real yields are moving higher, which traditionally increases the opportunity cost of holding a non-yielding asset like gold. However, she said the gold market has undergone a fundamental shift as central banks have become increasingly important buyers.

De explained the growing influence of central-bank demand is a significant reason why gold has become somewhat less sensitive to rising real yields. She noted that central banks were net sellers of gold from 2000 until the Global Financial Crisis, before becoming net buyers. More recently, the pace of purchases has accelerated substantially.

“ The extent to which central banks are buying gold today, in the last two, three years, is more than twice the level of what it was between 2010 and 2021,” she said. 

She added that this demand matters because official-sector buyers generally aren't making allocation decisions based on the opportunity cost created by higher bond yields.

“We now have a huge chunk of demand for gold coming in from sources that are not sensitive to yields,” she said. “That is one very big reason why you see much more of a decoupling between the rising yields and gold prices.”

That shift is also showing up in global reserve allocations. De said that at current valuations, central banks collectively hold more gold than U.S. Treasuries. At the same time, she noted that the U.S. dollar's share of global foreign-exchange reserves has been on a structural downtrend, falling from just above 70% around the turn of the century to between 55% and 57% today.

However, De pushed back against the idea that this trend means central banks are simply losing faith in the U.S. dollar.(Kitco Global Index shows how much of today's gold move is the dollar versus the gold market itself.)

She said the dollar's dominant role remains largely unquestioned because there is no viable alternative of comparable scale. Instead, she characterized the trend as a gradual diversification of reserves amid a changing geopolitical and economic landscape.

De also expects official-sector gold demand to remain an important feature of the market. Although purchases could retreat from the exceptionally high levels of recent years, she said demand is geographically broad, including central banks across Asia and Latin America, while heightened geopolitical uncertainty is unlikely to disappear anytime soon.

At the same time, central banks are no longer the only important source of demand. De said investment demand through retail investors and gold-backed exchange-traded products has also increased, giving the market a broader base of buyers.

Gold, she added, continues to function as an inflation and geopolitical-risk hedge and offers another potential advantage as concerns surrounding currency debasement grow.

“Gold has the stability to it also,” she said. “Gold has many strengths which counter the headwinds from rising yields.”

While higher yields remain a risk for gold, De said investors also need to understand why yields are rising. Fiscal concerns across developed economies are one factor, with De describing the current environment as one of growing “fiscal dominance,” where fiscal policy increasingly overpowers monetary policy.

But not all of the rise in yields is necessarily negative for gold.

De said the global economy is moving away from the post-financial-crisis era of abundant cheap capital. Capital is becoming scarcer because there are increasingly productive uses for it, including artificial intelligence, infrastructure investment, reshoring and the global green energy transition.

She said this repricing of capital can ultimately support stronger productivity, while higher borrowing costs also put pressure on less productive “zombie companies.”

“There are a lot of good reasons why yields are increasing, and we need to be cognizant of that too,” she said.

That changing investment landscape is also creating opportunities beyond gold.

De said strength in currencies tied to major commodity-producing economies — including the Norwegian krone and Australian dollar, as well as the Brazilian real and Mexican peso — is another indication that commodities have an increasingly important role in global markets.

Copper is particularly well positioned within those structural trends. Traditionally viewed as a barometer of global economic activity because of its widespread industrial use, the metal is now benefiting from additional demand tied to AI infrastructure and the energy transition.

“We are in a world where commodities have a big role to play, because it's not just gold,” De said. “You have copper.”

The energy transition could provide another long-term source of commodity demand. De said the disruption in global energy markets has reinforced the connection between energy security and economic security. She noted that refined petroleum products have experienced even greater price pressures than crude oil, highlighting the risks of relying heavily on individual energy sources and vulnerable supply chains.

She said growth in electric vehicles and batteries globally suggests the green transition has actually accelerated this year, rather than stalled.

“The more diversified you are in your energy security, the better off you are,” she said, adding that the transition has “picked up pace this year.”

Ultimately, De said the investment environment is becoming less about choosing between traditional “risk-on” and “risk-off” positions and more about building portfolios capable of participating in growth while protecting against increasingly complex risks.

She noted that capital flows during the past three to six months show investors pursuing something of a barbell strategy: maintaining exposure to U.S. and global equities and the AI growth story while simultaneously buying high-quality, short- and intermediate-duration investment-grade fixed income for capital preservation and liquidity.

“We are certainly in a world where diversification is having more than its normal share of benefits,” De said. “Diversification is really paying off at this particular point in time.”

See live precious metals prices for gold, silver, platinum and palladium — in USD, CAD and 12 more currencies.

Gold’s investment case has fundamentally changed, and rising yields are no longer a dealbreaker - FTSE Russell’s De

Bill Holter: Fiat to Fail, US$180,000 Gold Will Look "Laughably Low"

Bill Holter: Fiat to Fail, US$180,000 Gold Will Look "Laughably Low"

Investing news:  9-21-2026

Bill Holter of BillHolter.com believes gold's next leg higher has already begun, and its ultimate catalyst is the financial markets themselves. "I think price wise, we're early, Time wise, I don't think there's a lot of time left before we see the implosion of fiats.

The inverse of that is an explosion of prices of everything down to a stick of gum or a cup of coffee," he said. Holter also explains how a gold price of US$180,000 per ounce could be "laughably low" in the long term.

With decades of experience navigating the intricacies of credit markets and investment management, Holter provided a comprehensive breakdown of the structural vulnerabilities plaguing the international financial system.

His insights shed light on the unseen mechanisms of debt, the historical cycles repeating today, and the critical steps individuals must take to protect their wealth in an era of unprecedented volatility.

At the core of the discussion is the sheer fragility of the global financial architecture, which Holter argues is built on an unsustainable foundation of excessive derivative exposure and mounting sovereign debt. As interest rates remain elevated globally, the cost of servicing this debt has escalated dramatically, placing immense pressure on both public treasuries and private financial institutions.

Holter warns that the complex, interconnected web of derivatives—often described as highly leveraged financial contracts—is highly sensitive to sudden interest rate fluctuations. A disruption in this delicate market could trigger a rapid contraction in credit availability, which would immediately impact the day-to-day operations of businesses and supply chains worldwide.

To understand the severity of the current situation, Holter draws a compelling parallel to the historic market crash of 1987.

During that period, a sudden spike in interest rates combined with excessive leverage and automated trading strategies to trigger a swift, systemic shock.

 Today, however, the scale of leverage and the complexity of the derivatives market dwarf the conditions of the late 1980s. When massive amounts of debt are layered on top of volatile interest rate environments, the margin for error becomes virtually nonexistent.

Consequently, what began as a localized monetary tightening cycle has the potential to ripple throughout the global banking sector, disrupting the essential flow of credit that keeps the real economy functioning.

A key point of confusion for many market participants today is the difference between nominal asset prices and their actual, inflation-adjusted value. Holter emphasizes that while stock indices and real estate values may appear high in paper currency terms, this growth is largely an illusion driven by the devaluation of fiat currency.

 When measured against real-world purchasing power, many traditional assets are actually depreciating. This phenomenon is particularly evident in the precious metals market. Despite marking significant nominal gains, gold and silver remain deeply undervalued when adjusted for the massive expansion of the global money supply, reinforcing their historical role as the ultimate hedges against monetary debasement.

As the traditional financial system faces these mounting pressures, international geopolitical dynamics are shifting rapidly to adapt to a new reality.

One of the most significant developments discussed by Holter is the steady decline of US Treasury dominance on the world stage. For decades, the US dollar and Treasury bonds served as the undisputed foundation of global reserves. However, the rise of the BRICS+ coalition is actively challenging this hegemony.

These nations are moving toward a gold-backed alternative trading system designed to bypass traditional Western financial infrastructure. This shift is further illustrated by longtime US allies, such as Saudi Arabia, reevaluating their economic and military alliances in response to changing global power dynamics.

In response to these systemic challenges, governments and central banks are likely to propose technological interventions to maintain control over the monetary system.

Holter anticipates that central bank digital currencies, or CBDCs, will be introduced under the guise of providing stability, efficiency, and direct assistance to citizens during times of financial stress. However, he cautions that these digital currencies do not solve the underlying problem of excessive debt and currency devaluation. Instead, they represent a mechanism for increased oversight and financial programming. Ultimately, Holter believes such interventions will fail to prevent a natural revaluation of global assets and trade relationships—a process he terms a “mother nature reset.”

For individual savers and investors, navigating this transition requires a fundamental shift in strategy away from traditional paper-based liabilities. Holter advises extreme caution when holding fiat debt instruments, such as long-term bonds, which are highly vulnerable to inflation and default risk. Instead, he highlights the time-tested safety properties of physical monetary metals.

Because physical gold and silver carry no counterparty risk and cannot be printed into oblivion, they represent a tangible store of value that exists outside of the banking system. Preparing for a systemic realignment involves securing tangible assets that can withstand a sudden freeze in credit markets.

As systemic risks continue to intensify, the importance of financial education and proactive preparation cannot be overstated. Understanding the mechanics of debt, leverage, and currency devaluation allows individuals to make informed decisions before market forces mandate sudden changes.

0:00 - Intro

0:55 - Gold has bottomed

3:34 - Next leg up has begun

6:03 - Fed's hands are tied

8:31 - Mother of all bubbles

11:01 - Economy, stock market

14:43 - How to prepare now

18:11 - System reboot ahead

22:01 - US$180,000 gold price?

25:42 - Protect what you have

27:10 – Outro

https://www.youtube.com/watch?v=zKTPLWiw9BE

What A Fed Rate Hike Could Mean For Gold And Silver Prices

What A Fed Rate Hike Could Mean For Gold And Silver Prices

MoneyWatch: Managing Your Money

By Angelica Leicht  September 14, 2026 / 1:07 PM EDT / CBS News

Gold and silver investors have had to contend with some sharp price moves so far in 2026. Gold, for example, surpassed $5,500 per ounce early this year, but has since retreated significantly from that record high, with the price of gold sitting closer to $4,275 per ounce as of mid-September.

Silver, on the other hand, has also experienced sizable price swings as investors have responded to shifting expectations for inflation, interest rates and the economy.

And those price movements could become even more pronounced in the days ahead. The Federal Reserve meets September 15 and 16, and persistent inflation has increased the possibility of another rate hike.

That prospect matters for precious metals investors because changes in interest rates can quickly alter where investors put their money and how much they're willing to pay for assets such as gold and silver.

Still, the outcome isn't as simple as higher rates automatically leading to lower precious metals prices. Gold and silver are being pulled by several competing forces right now, and the Fed's decision is only one of them.

So, if the central bank does raise rates this week, what could it actually mean for gold and silver prices — both immediately and in the months that follow? That's what we'll examine below.

What a Fed rate hike could mean for gold and silver prices

If the Fed raises rates at its September meeting, gold and silver prices could face some short-term pressure, as higher interest rates tend to make other interest-bearing options, such as bonds and savings products, more attractive. Gold and silver assets don't pay interest, though, so some investors may be less willing to hold them when they can earn higher returns elsewhere.

A rate hike could also boost the U.S. dollar, which can create another challenge for precious metal prices. Gold and silver are priced in dollars, so when the dollar strengthens, the precious metals become more expensive for buyers using other currencies. That can reduce demand for gold and silver and put additional downward pressure on prices.

Still, a rate hike doesn't guarantee that gold and silver prices will fall. Investors often adjust their portfolios before the Fed actually makes a move, so some of the impact of the potential September rate hike could already be reflected in today's prices.

So, if the Fed raises rates as expected, the bigger price reaction may hinge on what policymakers say about whether more hikes are likely in the coming months.

Other factors could keep gold prices elevated — even if rates rise. For example, if inflation remains high or concerns about the economy or geopolitical conflicts increase, investors may continue buying gold as a way to diversify their portfolios and protect against uncertainty. Strong demand from central banks and other large buyers could provide additional support.

Silver could react somewhat differently. Like gold, it can be affected by interest rates, the dollar and investor demand. But silver is also used heavily in manufacturing and technologies such as solar panels and electronics.

That means its price is tied, in part, to the strength of the global economy and industrial demand. If higher rates slow economic activity, weaker industrial demand could put additional pressure on silver.

So, a Fed hike would likely be a headwind for both precious metals, but it wouldn't be the only factor determining where prices go next. The Fed's outlook for future rates, along with inflation, the dollar, economic conditions and demand for precious metals, could ultimately have a bigger impact than the upcoming rate decision alone.

What should gold and silver investors watch after the Fed meeting?

TO READ MORE:  https://www.cbsnews.com/news/what-fed-rate-hike-means-for-gold-silver-prices-september-2026/?intcid=CNI-00-10aaa3a

Central Banks No Longer Trust Each Other: The Global Rush To Gold | Mark Thornton

Central Banks No Longer Trust Each Other: The Global Rush To Gold | Mark Thornton

Kitco News:  9-18-2026

Mark Thornton called the housing bubble in 2004. For four years, he was told he was wrong. He now says every paper-dollar asset you own is facing a very difficult future, and the AI buildout is the clearest warning sign he has seen since.

In this interview with Jeremy Szafron, the Mises Institute senior fellow and author of The Skyscraper Curse explains why AI data centers are this cycle's record-breaking tower, why the bonds financing them run decades longer than the hardware, who gets stuck with the cost when a tenant stops paying, and why central banks no longer trusting each other is the best sign he has seen for gold.

Thornton also reacts to the Federal Reserve's report on Silicon Valley Bank published this week, Chairman Kevin Warsh's first rate hike in three years, and the drone attack on Saudi Arabia's East-West pipeline that cut Aramco supply to European buyers.

CHAPTERS

0:00 What the Fed's own report says about Silicon Valley Bank

3:29 The Fed isn't really tightening, he says

6:11 His case for abolishing the Fed entirely

8:24 The skyscraper curse, and why Jeddah just went quiet

13:38 How to tell if you're early or just wrong

15:41 AI data centers are the new bubble signal

17:37 The bonds that outlive the machines they fund

21:14 Factories are shrinking, power demand is soaring

23:30 Who pays when the tenant stops paying

25:59 Why the pipeline was defenceless, and can be hit again

29:55 The Challenger problem

33:44 Gold survives what paper money can't

37:13 Why no government gives up the printing press

39:32 What Poland and China see that the G7 doesn't

43:15 What survives honest money

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

Insiders Buying Gold - Public is Next | Andy Schectman

Insiders Buying Gold - Public is Next | Andy Schectman

Liberty and Finance:  9-16-2026

Andy Schectman warns that tightening global oil supplies could trigger another wave of inflation just as central banks face limited room to respond.

He argues that rising Treasury yields, declining confidence in U.S. debt and increasing gold purchases reflect a broader trend toward what he calls “detreasurization.”

Schectman also explains how BRICS nations are building alternative payment infrastructure designed to reduce reliance on Western financial rails without necessarily creating a common currency.

The conversation breaks down the trade-offs between physical precious metals, private vault storage, precious-metals IRAs, tokenized gold and ETFs, with Schectman emphasizing ownership, auditing, and the ability to take possession.

 He also discusses the growing adoption of tokenized metals and state-level efforts to facilitate gold and silver transactions as the global monetary system continues to evolve.

INTERVIEW TIMELINE:

0:00 Intro

2:30 Asset price distortion

11:00 BRICS meeting

17:20 Gold storage

30:00 Constitutional money

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

The Currency Reset Is Accelerating And Gold Knows It

The Currency Reset Is Accelerating And Gold Knows It

Taylor Kenny:  9-11-2026

The currency reset may not happen in one dramatic moment. It could already be happening right in front of us.

Gold is surging—but what if the real story isn’t gold at all? The most important question may not be “How high can gold go?” It may be: What will the dollar be worth when it gets there?

Economic systems undergo natural cycles, but historical patterns reveal a consistent trajectory regarding unbacked paper money.

In recent years, growing national debts, persistent inflation, and shifts in international trade have raised important questions about the long-term stability of the global financial architecture.

A comprehensive video analysis by ITM Trading explores these exact dynamics, detailing how monetary history repeats itself and why tangible assets are becoming the cornerstone of modern risk management strategies.

Throughout modern history, unbacked national currencies, commonly known as fiat currencies, have followed a remarkably predictable path. When governments experience prolonged financial obligations, the expansion of the money supply often becomes the default administrative response.

This continuous influx of new currency units directly dilutes existing capital, leading to systemic inflation that steadily erodes consumer purchasing power. Over time, as national spending remains unchecked, the devaluation process accelerates, creating a compounding cycle that historically leads to monetary resets and severe economic readjustments.

A critical aspect of today’s changing monetary environment is the ongoing trend toward de-dollarization. For decades, the United States dollar has maintained an unprecedented position as the primary reserve currency for international trade and institutional settlement.

 However, global central banks are increasingly seeking to reduce their exposure to single-currency reliance. To mitigate potential risks associated with foreign debt obligations and currency devaluation, central banking institutions worldwide are aggressively accumulating physical gold at historic levels, choosing to anchor their reserves in an asset free of counterparty risk.

Historical precedent provides clear examples of how rapidly paper currency can deteriorate once public confidence wanes. Economic crises in countries like Venezuela and Mexico highlight how quickly domestic currencies can lose their functional value under hyperinflationary pressure.

During these periods of severe financial distress, paper notes lose their ability to act as a reliable store of value. Conversely, physical gold has consistently retained its purchasing power across centuries of economic volatility, primarily because its finite supply and physical scarcity give it enduring intrinsic worth that cannot be created through policy decisions.

For everyday individuals and institutional investors alike, attempting to time economic shifts or predict exact future asset prices is often a futile exercise. The insights shared by ITM Trading emphasize that recognizing broader structural patterns is far more beneficial than forecasting short-term market movements.

The process of currency devaluation builds momentum gradually over time—much like a growing snowball—before reaching a critical tipping point. Understanding these underlying macro trends allows individuals to position their assets thoughtfully well before systemic shifts force broader market realignments.

Ultimately, physical gold continues to serve as a foundational safeguard against monetary instability. As central banks continue their strategic pivot toward real assets, the case for holding tangible wealth alongside traditional paper assets grows stronger.

CHAPTERS:

00:00 – Europe Is Coming for Your Savings

00:59 – Europe’s Massive Debt and Funding Problem

01:57 – The €10 Trillion Pool of Household Savings

02:26 – The Savings and Investment Union Explained

03:24 – Digital ID, the Digital Euro & Financial Control

04:52 – When Incentives Become Rules

05:21 – Could U.S. Retirement Accounts Be Next?

06:17 – Wall Street Wants Access to Your Retirement Money

07:12 – The Push Toward a Programmable Financial System

08:10 – How to Protect Wealth Outside the System

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

The U.S. Wants a Much Higher Gold Price | Tom Luongo

The U.S. Wants a Much Higher Gold Price | Tom Luongo

Miles Franklin Media:  9-9-2026

Andy Schectman, President and CEO of Miles Franklin Precious Metals, interviews Tom Luongo, financial and geopolitical commentator, market analyst, and publisher of Gold, Goats ’n Guns.

Luongo presents his contrarian thesis that the United States may actively favor a much higher gold price, potentially reaching $20,000, as it restructures the dollar system and addresses its sovereign debt burden.

He explains why gold, silver, and Bitcoin may ultimately need to be repriced as collateral within a changing monetary system.

The conversation also examines the unwinding Japanese yen carry trade, mounting pressure in global bond markets, and the shift from LIBOR to SOFR.

Luongo argues that these developments are part of a much larger struggle over financial sovereignty and control of global capital flows.

For investors navigating sovereign debt, currency risk, inflation, and monetary change, this discussion offers a different perspective on what could come next for the dollar and hard assets.

In this episode of Little by Little with Andy Schectman:

• Why the United States may favor a higher gold price
  

• The case for $20,000 gold
  

• Why gold, silver, and Bitcoin may need to be repriced
  

• Stablecoins and short-term U.S. Treasuries
  

• The GENIUS Act and America’s debt strategy
  

• Why gold and the U.S. dollar could rise together
  

• The unwinding Japanese yen carry trade
  

• Japan’s influence on global bond markets
  

• The shift from LIBOR to SOFR
  

• The future of the offshore dollar system
  

• Financial sovereignty and global capital flows
  

• Implications for inflation and wealth preservation

00:00 Coming Up

01:24 Introduction

03:03 Empire Never Ended Thesis

06:51 LIBOR To SOFR Power Shift

11:24 ARC Alliance And Cycles

15:05 Churchill Gold Reset History

19:18 Trump As Disruptor Strategy

27:30 Japan Yen Carry Trade Key

29:48 Oil War Narrative And Bonds

34:29 Japan Rates and FX Rigging

35:46 Bessent Targets Euro Yen

36:23 Oil Collateral and Shipping Shock

38:59 Post G20 Yield Stress

40:24 Squeezing the Yen Carry

41:18 BVI Trades Exposed

43:10 Never Bet Against BOJ

47:04 QT and Treasury Fallout

48:06 Stablecoins and Curve Control

50:24 Gold Dollar and Two Tier System

57:11 Genius Act and Proxy Gold Buying

01:00:52 Golden Age Endgame

01:03:40 Venezuela and Election Watchlist

01:06:38 Final Thoughts and Where to Follow

https://www.youtube.com/watch?v=QCiQ4oQ4DWk

‍BREAKING: Gold Can't Be Confiscated In This State Now | Patrick Holland

‍BREAKING: Gold Can't Be Confiscated In This State Now | Patrick Holland

Liberty and Finance:  9-7-2026

Missouri has enacted a sweeping Constitutional Money Actthat gives gold and silver legal-tender status.

The law also provides protections against state-assisted confiscation, allows employers and employees to agree to compensation in gold and silver, and requires the state to accept certain electronic gold and silver transfers for taxes and services.

Patrick Holland of the Missouri Freedom Initiative explains how grassroots pressure helped overcome political obstacles and why he believes Missouri’s framework could serve as a model for other states.

He also discusses the emerging infrastructure for everyday gold and silver transactions, potential counterfeiting and fraud risks, and why he believes private-market solutions are preferable to state regulation.

Holland urges citizens in other states to study Missouri’s law and work with their own legislators to pursue similar sound-money legislation.

INTERVIEW TIMELINE:

0:00 Intro

1:00 Gold & silver legal tender bill

28:30 Gold & silver counterfeits

33:00 Capital gains on metals

34:30 Missouri Freedom Initiative

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

China Just Triggered the Biggest Gold and Silver Rally in 50 Years: Luke Groman

‍China Just Triggered the Biggest Gold and Silver Rally in 50 Years: Luke Groman

Slick Finance:  9-5-2026

The global financial landscape is experiencing a profound transformation, characterized by a steady shift away from traditional dollar-centric foreign exchange reserves.

As nations reevaluate their monetary strategies in an increasingly interconnected yet fractured world, a new global monetary dynamic is taking shape. At the center of this evolution is the enduring appeal of gold, which is rapidly emerging as the preferred neutral reserve asset for sovereign entities seeking stability, security, and independence from legacy financial systems.

Over the past several years, notable shifts have occurred in currency valuations relative to precious metals. For instance, the Chinese yuan has experienced a dramatic depreciation when measured against gold.

This movement reflects a much broader, strategic pivot away from reliance on the US dollar and toward a vision of yuan internationalization that is fundamentally anchored by gold.

Financial analysts, including noted macroeconomic commentator Luke Gromen, have highlighted this ongoing transition. While digital assets like Bitcoin continue to show immense promise for the future of finance, gold’s significantly lower volatility currently cements its position as the dominant choice for sovereign reserve diversification among central banks and major global players.

This changing architecture highlights a stark contrast in international economic strategies. Historically, the prevailing global system relied heavily on the United States’ ability to recycle foreign-held dollars back into domestic treasury securities.

 In contrast, China’s evolving financial framework points toward a system where creditors are incentivized through gold-backed mechanisms.

 In this alternative model, even amidst domestic deflationary pressures, creditors can confidently utilize their yuan holdings to purchase substantial goods and services directly within China, reshaping traditional trade and reserve dynamics.

Concurrently, fiscal and monetary pressures within the United States are mounting toward critical junctures. Driven largely by escalating entitlement obligations and rapidly rising debt servicing costs, the federal fiscal trajectory faces severe stress. To address these compounding challenges, policymakers are increasingly discussing radical potential responses. Among the strategies under consideration are massive treasury buybacks and comprehensive debt restructuring through short-term paper instruments. Intriguingly, some proposals suggest these instruments could potentially be supported by heavily regulated stablecoins operating at artificially low interest rates.

While implementing such aggressive monetary measures might successfully avert an immediate fiscal collapse, it would come with significant long-term consequences. Most notably, this approach risks drastically escalating inflation and fundamentally altering the mechanics of traditional bond markets.

As these large-scale transformations unfold across the international stage, the traditional divide between economic winners and losers is bound to shift. Rather than benefiting legacy financial institutions and governmental elites, the new monetary order anchored by gold suggests a profound redistribution of wealth and economic power, potentially favoring industrial sectors and the broader middle class.

https://www.youtube.com/watch?v=7TSNGwBbrvY