Back to the Founders: Dr. Shelton on the Constitution, Gold, and the Future of the US Dollar
Back to the Founders: Dr. Shelton on the Constitution, Gold, and the Future of the US Dollar
In Gold We Trust: 5-10-2026
Gold near record highs. A weakening US dollar. An Iran crisis reshaping the global monetary conversation.
Against that backdrop, Dr. Judy Shelton shares her reflections on what a return to sound money could look like, and lays out a concrete path: a 50-year gold-backed bond, a US gold revaluation, and a quiet return to a gold-anchored system without a formal Bretton Woods II.
Back to the Founders: Dr. Shelton on the Constitution, Gold, and the Future of the US Dollar
In Gold We Trust: 5-10-2026
Gold near record highs. A weakening US dollar. An Iran crisis reshaping the global monetary conversation.
Against that backdrop, Dr. Judy Shelton shares her reflections on what a return to sound money could look like, and lays out a concrete path: a 50-year gold-backed bond, a US gold revaluation, and a quiet return to a gold-anchored system without a formal Bretton Woods II.
Watch this fascinating conversation between Dr. Shelton and Ronnie Stöferle, Managing Partner at Incrementum AG and co-author of the In Gold We Trust report, recorded on March 19, 2026.
Undoubtedly, as Dr. Shelton makes clear throughout the conversation, gold is not merely a commodity but a constitutional ideal, embedded in the original American vision of a dependable unit of account.
Drawing on Jefferson, Madison, Hamilton, and her own meetings with Secretary Bessent, she lays out a path toward what she calls a classical gold standard, take two.
"Why Silver Will Hit $50,000 – Ray Dalio’s Final Debt Cycle Stage Has Started"
"Why Silver Will Hit $50,000 – Ray Dalio’s Final Debt Cycle Stage Has Started"
Macro Investing Secrets: 5-9-2026
This is not a normal phase for silver—and it is not something most investors are prepared for.
What you are witnessing right now is not a short-term move or a reaction to headlines. It is the early stage of a structural transition inside the global monetary system. A transition driven by rising debt, tightening liquidity, and a growing dependency on intervention that is becoming harder to sustain.
"Why Silver Will Hit $50,000 – Ray Dalio’s Final Debt Cycle Stage Has Started"
Macro Investing Secrets: 5-9-2026
This is not a normal phase for silver—and it is not something most investors are prepared for.
What you are witnessing right now is not a short-term move or a reaction to headlines. It is the early stage of a structural transition inside the global monetary system. A transition driven by rising debt, tightening liquidity, and a growing dependency on intervention that is becoming harder to sustain.
For years, silver has been treated as secondary—volatile, inconsistent, and easy to ignore. But that perception was built during a period of artificial stability. A period supported by expanding credit, suppressed interest rates, and continuous liquidity injections.
That environment is now changing. We are entering the tension phase of the long-term debt cycle—a phase where confidence becomes the most important variable in the system. And once confidence begins to shift, capital does not wait for confirmation. It moves. This is where silver becomes critical.
Silver is not just an industrial metal. It carries a dual identity:
• Industrial demand driven by electrification, energy systems, and modern technology
• Monetary characteristics that re-emerge when trust in currency weakens
That combination makes silver uniquely sensitive to structural change. As liquidity behavior begins to shift, capital starts rotating—slowly at first, then with increasing urgency. And because the silver market is relatively small compared to global capital flows, even modest reallocation can create disproportionate price movement.
This is how repricing begins. Not with headlines. Not with consensus. But with quiet shifts in positioning that accelerate once recognition spreads.
Ray Dalio’s long-term debt cycle framework helps explain this clearly. Late-stage systems do not collapse instantly. They compress under pressure.
Debt expands beyond sustainable levels. Policy becomes constrained. And intervention begins to lose effectiveness. When that happens, the question changes. Investors stop asking: “How much can I make?” And start asking: “What will preserve value if the system itself is under strain?”
That is the turning point. And that is where silver transitions—from overlooked commodity to strategic monetary asset.
This video breaks down:
• Why liquidity behavior is the real signal—not price
• How capital rotation begins in stressed monetary systems
• Why silver reacts disproportionately compared to larger markets
• How supply constraints amplify financial demand
• What happens when confidence shifts from paper assets to tangible value
Most investors will wait for clarity. But clarity comes late. By the time the narrative becomes obvious, positioning advantage is already gone—and the move is already underway.
This is not about prediction. This is about recognizing structure before it becomes visible to the majority. Because in late-stage monetary transitions, opportunity does not disappear slowly. It compresses.
Is Gold Becoming System Collateral?
Is Gold Becoming System Collateral?
Swiss America's Gold News Weekly 5-6-26
Gold last traded at $4,688 an ounce. Silver at $77.45 an ounce.
EDITOR'S NOTE: As we have mentioned often lately in this space, there is a deep structural shift occurring in the global financial system. Confidence in fiat currencies - especially the U.S. dollar - is waning, central banks are rapidly accumulating gold as a neutral reserve asset, and de-dollarization is further accelerating.
At the same time, silver appears to be following gold into a powerful bull cycle, with technical setups indicating a breakout to new all-time highs beyond $121 as part of a longer-term uptrend fueled by tight supply and strong demand.
Is Gold Becoming System Collateral?
Swiss America's Gold News Weekly 5-6-26
Gold last traded at $4,688 an ounce. Silver at $77.45 an ounce.
EDITOR'S NOTE: As we have mentioned often lately in this space, there is a deep structural shift occurring in the global financial system. Confidence in fiat currencies - especially the U.S. dollar - is waning, central banks are rapidly accumulating gold as a neutral reserve asset, and de-dollarization is further accelerating.
At the same time, silver appears to be following gold into a powerful bull cycle, with technical setups indicating a breakout to new all-time highs beyond $121 as part of a longer-term uptrend fueled by tight supply and strong demand.
With gold evolving into "system collateral", the message is clear: the global economy is transitioning toward a more fragmented, less dollar-centric system, where precious metals play a foundational role. https://www.swissamerica.com/
Gold To Hit $8,000 on the Back of De-Dollarization, Says Deutsche Bank
Vinod Dsouza May 2, 2026
Gold prices are hovering around the $4,500 level, and Deutsche Bank predicts the XAU/USD index could breach $8,000 over de-dollarization. The bank wrote in a note to clients that emerging economies are increasingly diversifying their central bank reserves by sidelining the US dollar by procuring gold. This is a cause of concern as the trend is growing and could change the global financial landscape.
Deutsche Bank added that developing countries added over 225 million troy ounces of gold since 2008, highlighting that de-dollarization will push the XAU/USD prices up in the charts. Countries such as China, Russia, India, Poland, and Turkey remain the biggest buyers of gold. This adds a layer of financial safety net to protect their economies from being vulnerable to sanctions.
In addition, Saudi Arabia, Qatar, the United Arab Emirates, Egypt, and Kazakhstan are not too far behind in accumulation. Countries in Eastern Europe and the Middle East are significantly increasing their gold reserves as de-dollarization expands, Deutsche Bank emphasized. The accumulation rose dramatically after the US imposed sanctions on Russia in February 2022 for invading Ukraine.
Also Read: UAE Leaving OPEC Hits Oil Prices as Global Supply Strains Grow
Deutsche Bank Predicts Gold Price Above $8,000 Over De-Dollarization
Developing countries are now buying more gold than the Western bloc combined. The rising allocation of the precious metal is making de-dollarization advance at a rapid pace. In the next five years, the allocation would increase further, leading to a strain on the US dollar’s prospects. Even the US economy could be affected if the dollar’s role in the central bank is reduced.
The future of de-dollarization will depend on how high the gold spending would reach, wrote Deutsche Bank. If central banks begin to target 40% of their reserves in gold, then the US dollar would fall on the path of decline. There is growing mistrust of the US dollar lately due to Trump’s previous trade wars and tariffs. Add to that the imposing of sanctions was already a concern for developing nations. https://watcher.guru/news/gold-to-hit-8000-on-the-back-of-de-dollarization
Gold Reclaims Reserve Status, Central Banks Reverse 1900s Dollar Shift, Silver Rally
Gold Reclaims Reserve Status, Central Banks Reverse 1900s Dollar Shift, Silver Rally
And We Know: 5-3-2026
Ever feel like the financial ground beneath our feet is shifting? Global economies are constantly evolving, and a recent discussion from And We Know Official offers a compelling look at the shifting role of gold and silver in this dynamic landscape.
The video delves into how central banks and individual investors alike are reconsidering these precious metals as anchors in an era of economic uncertainty and policy changes.
The conversation begins by tracing a pivotal moment in financial history: the 1971 Nixon administration’s decision to close the gold window.
Gold Reclaims Reserve Status, Central Banks Reverse 1900s Dollar Shift, Silver Rally
And We Know: 5-3-2026
Ever feel like the financial ground beneath our feet is shifting? Global economies are constantly evolving, and a recent discussion from And We Know Official offers a compelling look at the shifting role of gold and silver in this dynamic landscape.
The video delves into how central banks and individual investors alike are reconsidering these precious metals as anchors in an era of economic uncertainty and policy changes.
The conversation begins by tracing a pivotal moment in financial history: the 1971 Nixon administration’s decision to close the gold window.
This move fundamentally transformed the global financial system, transitioning the world from a gold-backed currency to a system based on fiat money.
This shift paved the way for the rise of the petro-dollar and, significantly, contributed to the boom-and-bust economic cycles we’ve witnessed ever since. For decades, particularly through the 1980s and 1990s, the U.S. economy displayed remarkable strength, leading central banks to significantly reduce their gold holdings, largely favoring the U.S. dollar as the premier safe-haven asset.
However, the 2008 financial crisis marked a profound turning point. It exposed systemic vulnerabilities within the global financial architecture, prompting central banks to critically re-evaluate their reserve strategies.
What followed was a noticeable — and accelerating — trend: a reallocation of reserves back into gold. This movement has only intensified in the face of ongoing global geopolitical tensions and a mounting global debt crisis.
The speakers highlight a significant development: gold has now surpassed the U.S. dollar as a top reserve asset worldwide, signaling deep underlying economic concerns that may not always be apparent on the surface.
What’s driving this resurgence? The discussion points to declining volatility in both gold and silver markets as a positive indicator, reflecting growing investor confidence and a strengthening fundamental base for these assets.
Financial visionary Ray Dalio’s insights are particularly pertinent here, as he explains the historical playbook for governments facing financial crises: massive money printing to devalue currencies, which inevitably leads to inflation.
In such an environment, tangible assets like gold and silver naturally emerge as reliable stores of value and crucial hedges against currency devaluation, protecting purchasing power.
Beyond the purely economic factors, the video touches upon broader cultural and political conversations surrounding monetary reform and the future of financial power structures. In light of these significant shifts, the speakers encourage individual investors to thoughtfully consider allocating a portion of their funds into precious metals. It’s presented as a strategic response to the ongoing economic challenges and uncertainties that define our current global climate.
The New Gold Monetary System Is Already in Place (Most People Missed It) | Stephen Leeb
The New Gold Monetary System Is Already in Place (Most People Missed It) | Stephen Leeb
Miles Franklin Media: 5-2-2026
Andy Schectman, CEO of Miles Franklin Precious Metals and host of Little by Little, sits down with Stephen Leeb, Economist, Money Manager & NYT Bestselling Author, to break down the math behind a potential gold revaluation and why a global monetary reset may already be underway.
Is gold massively undervalued? Leeb argues that decades of suppression, combined with unsustainable global debt and a shifting financial order, could force a dramatic repricing of gold – potentially to levels most investors aren’t prepared for.
The New Gold Monetary System Is Already in Place (Most People Missed It) | Stephen Leeb
Miles Franklin Media: 5-2-2026
Andy Schectman, CEO of Miles Franklin Precious Metals and host of Little by Little, sits down with Stephen Leeb, Economist, Money Manager & NYT Bestselling Author, to break down the math behind a potential gold revaluation and why a global monetary reset may already be underway.
Is gold massively undervalued? Leeb argues that decades of suppression, combined with unsustainable global debt and a shifting financial order, could force a dramatic repricing of gold – potentially to levels most investors aren’t prepared for.
At the same time, a new monetary system may already be forming… outside the U.S.-led framework.
In this episode of Little by Little:
The math behind the $18,000 gold scenario
Has gold been suppressed for decades?
Why a monetary reset may be inevitable
The role of central banks and global debt
Is a new gold-backed system already emerging?
Why most investors are missing the bigger picture
00:00 Coming Up
01:26 Introduction
04:43 China Gold New Era
06:01 Gold Spiritual Power
10:55 America After 1971
25:17 Hypersonic Wake Up
30:40 New Gold Standard Build
33:37 China Vault Network
38:37 US China Deal Window
40:37 China Consumer and Gold
50:39 Gold Price Target Logic
54:31 Personal Gold Strategy
56:59 Gold Beats Deflation Too
01:01:29 Closing Thanks and Signoff
Why the Fed Regards Gold as an 'Existential Threat' - James Grant
Why the Fed Regards Gold as an 'Existential Threat' - James Grant
Kitco News: 5-2-2026
As the U.S. debt hits 100% of GDP and the 30-year Treasury yield nears the 5% mark, the bond market is finally forcing Washington’s hand.
In this deep-dive interview, James Grant, founder of Grant’s Interest Rate Observer, joins Jeremy Szafron to discuss why the Federal Reserve now regards gold as an "existential threat" to its discretionary power.
Why the Fed Regards Gold as an 'Existential Threat' - James Grant
Kitco News: 5-2-2026
As the U.S. debt hits 100% of GDP and the 30-year Treasury yield nears the 5% mark, the bond market is finally forcing Washington’s hand.
In this deep-dive interview, James Grant, founder of Grant’s Interest Rate Observer, joins Jeremy Szafron to discuss why the Federal Reserve now regards gold as an "existential threat" to its discretionary power.
Grant warns that the current era of "Fiscal Dominance" means the Treasury’s interest bill is increasingly limiting what monetary policy can actually achieve.
We explore the hidden "time bomb" in the $30 trillion private credit market, where stripped-away covenants and opaque "marks" have created a cycle that Grant believes must end in a "gale of fear".
From the AI CapEx bubble to the 91-year debasement of the dollar, this is a masterclass in credit discipline and monetary history.
00:00 Inflation Meets Bonds: The 5% Warning
00:54 Fiscal Dominance: Is the Treasury Running the Fed?
03:29 The Private Credit Time Bomb
04:05 Insurance Risk: Private Equity’s New Play
07:24 The Erosion of Covenants and Opaque Marks
10:18 LMEs: The "Extend and Pretend" Peak
12:38 The AI CapEx Bubble: Bubble vs. Use Case
17:02 Tech Cycles: Lessons from Railroads & Fiber Optics
19:44 Dollar Liquidity and the Fed’s Next Trap
24:18 The 91-Year Debasement Trade: Gold $4,500
28:55 Silver: Industrial Demand vs. Monetary Value
42:39 Why the Fed Hates Gold: The Hard Limit
Dr. Scott Young: A Gold Backed Currency is Coming to End the Fed
Dr. Scott Young: A Gold Backed Currency is Coming to End the Fed
5-2-2026
Can we end the Fed while the Fed Chair is on the way out?
Why does Trump call Powell Too Late?
Does Trump know the Fed is dying?
What happens to the American Dollar?
Dr. Scott Young: A Gold Backed Currency is Coming to End the Fed
5-2-2026
Can we end the Fed while the Fed Chair is on the way out?
Why does Trump call Powell Too Late?
Does Trump know the Fed is dying?
What happens to the American Dollar?
What is Sound Money?
What is a Gold Backed Currency?
What does it mean to End the Fed?
In an insightful discussion, Dr. Scott Young delves into the significant shifts and controversies surrounding the Federal Reserve, particularly as leadership changes loom. His recent video offers a compelling look at the present and future of U.S. monetary policy, sparking vital questions about its independence and impact on both domestic and international stages.
The video highlights a pivotal moment for the Federal Reserve with Jerome Powell’s anticipated departure as Fed Chair.
This isn’t just a routine transition; it signals potential upheaval, underscored by what the discussion frames as unprecedented scrutiny and challenges to the Fed’s autonomy.
Dr. Young emphasizes that this pressure reveals a certain fragility in the institution’s independence – a principle long considered crucial for shielding monetary decisions from political influence. The erosion of this independence, the video warns, could significantly risk public trust and economic stablity.
A core theme explored is the paramount importance of a politically neutral central bank. For decades, the Fed’s ability to operate without bias has been presented as fundamental to the U.S. economy’s strength and its reputation as a global financial powerhouse.
This neutrality is essential for managing interest rates consistently, controlling inflation effectively, and navigating economic cycles with a steady hand. The video, reflecting a tone of concern, suggests that current leadership and policies may be failing to uphold these foundational principles, leading to frustration among observers.
Beyond U.S. borders, the discussion illuminates the far-reaching geopolitical consequences of American monetary policy. Decisions made at the Fed and Treasury can impact global economies and stability, illustrating how central banking actions can have unintended, yet significant, international repercussions. This broad influence underscores the intricate connection between domestic financial strategies and the wider world.
A major focus of Dr. Young’s commentary is inflation, presented as a direct outcome of the Fed’s substantial monetary supply expansion. Since 2020, trillions of dollars have reportedly been injected into the financial system. This flood of liquidity, the video argues, has outpaced genuine economic growth, creating inflationary pressures that diminish consumer purchasing power and introduce considerable economic uncertainty for everyday citizens.
In response to these perceived issues, the video champions a radical proposal: a call to “end the Fed” and adopt a gold-backed U.S. Treasury note system.
This perspective reflects a growing movement that questions the efficacy of fiat money and current central banking practices. Advocates for a gold standard argue it would reintroduce monetary discipline, curb unchecked currency printing, and potentially reduce national debt by anchoring currency value to a tangible asset.
Such a monumental shift would undoubtedly have profound implications for inflation management, debt resolution, and the overall stability of the economic system.
Finally, the discussion strongly emphasizes accountability, suggesting that central banking practices have contributed to a massive debt burden without delivering commensurate economic benefits. By proposing a currency overhaul that aims to eliminate this debt, the video advocates for a fundamental restructuring of the financial system.
The ultimate goal, as presented, is to restore transparency, responsibility, and long-term sustainability to the nation’s economic framework.
Dr. Young’s video offers a critical commentary on the current state of the Federal Reserve, its leadership, and the broader ramifications of its policies, while advocating for fundamental reforms to safeguard economic health.
Gold Telegraph: The World is Waking up to the Importance of Sound Money
Brilliant article. The world is waking up to the importance of sound money.
https://www.wsj.com/opinion/kevin-warsh-and-the-erosion-of-the-dollar-8db02a25
BREAKING NEWS: CHINA’S IMPORTS OF SILVER SURGED TO AN ALL-TIME HIGH IN MARCH
Nothing to see here…toon
Gold Telegraph: The World is Waking up to the Importance of Sound Money
“Congress needs to acknowledge its error in not preserving the value of America’s currency…”
– @judyshelton
Brilliant article. The world is waking up to the importance of sound money.
https://www.wsj.com/opinion/kevin-warsh-and-the-erosion-of-the-dollar-8db02a25
BREAKING NEWS: CHINA’S IMPORTS OF SILVER SURGED TO AN ALL-TIME HIGH IN MARCH
Nothing to see here…
“The world’s biggest silver consumer imported around 836 tons last month…”
A $4 BILLION DEAL ANNOUNCED IN FINLAND.
Massive news to start the week.
Agnico Eagle is acquiring Rupert Resources for C$2.9 billion.
This is a three-deal consolidation:
• Rupert (~C$2.9B)
• Aurion Resources Ltd. (~C$481M)
• B2Gold Corp. JV stake (~US$325M)
Total: ~C$4 billion to control a district
What are they are buying?
• Full control of the Ikkari system (3.5Moz)
• Integration with Kittilä (3.3Moz reserves)
• A path to ~500,000 oz/year production
Agnico didn’t just buy Rupert.
They bought control of a gold district.
~2,500 km² in one of the most prospective belts in Europe.
That’s how the next generation of gold supply gets built…. @agnicoeagle
Dan Myerson recently helped lead Foran Mining to a nearly $4 billion deal… But I had to ask him what really pushed him to build something of his own. The answer goes back to a moment with one of the greatest mining entrepreneurs in history… Lukas Lundin.
A simple question changed everything: “What are you doing? When are you going to start building mines… creating real value?” That was the turning point. A conversation changed everything. “No guts, no glory.”
Watch on X: https://twitter.com/i/status/2046222470462517251
~~~~~~~~~~
BREAKING NEWS: FEDERAL RESERVE CHIEF NOMINEE KEVIN WARSH CALLED FOR “REGIME CHANGE” AT THE U.S. CENTRAL BANK
Here we go… Boom.
“His plan for what he calls regime change at the Federal Reserve…”
Source: https://www.cnbc.com/amp/2026/04/21/kevin-warsh-fed-regime-change-senate-confirmation-hearing.html
Something big is coming… A conversation you won’t hear anywhere else. I sat down with Judy Shelton at her home to discuss gold, Treasury trust bonds, gold-backed stablecoins, the Federal Reserve, and more.
The Authentic Judy Shelton: A Maverick Economist Takes on Washington
The monetary system is being questioned… in real time. I sat down with Judy Shelton, a longtime advocate for sound money who challenged the system from the inside. My first documentary.
We cover:
• Gold’s return to the financial system
• Treasury Trust Bonds
• Fort Knox and the question of trust
• Stablecoins and the next evolution of money + much more.
This is about the future of money itself.
TIMESTAMPS:
(04:08) — Judy’s early career and how she first entered the world of sound money.
(04:40) — Her study of the Soviet collapse and what drew her to it.
(08:08) — How Judy’s book on the Soviet collapse connected her to Richard Nixon.
(11:42) — Nixon’s 1971 decision to end dollar convertibility into gold.
(12:06) — How ending Bretton Woods reshaped the global financial order.
(13:20) — Did 1971 fundamentally change the nature of money?
(14:09) — Judy’s first meeting with Paul Volcker in 1994.
(14:22) — Volcker’s role in ending 1970s inflation and the Bretton Woods anniversary context.
(15:46) — Did the world trade monetary discipline for flexibility after leaving gold?
(18:56) — Could digital finance help enable a common global unit of account?
(21:34) — Judy’s “solidus” idea and who could issue that type of stablecoin.
(25:52) — The belief that people deserve a more dependable reserve asset.
(26:17) — What Judy learned from her bruising 2020 Fed nomination fight.
(33:00) — The Washington machine protecting the status quo.
(33:40) — How Judy handled the attacks personally and how it affected her family.
(34:23) — Whether the Fed’s protection from scrutiny helped enable the inflation surge.
(34:47) — Jerome Powell, accountability, and the absence of consequences.
(35:24) — Why calls for Federal Reserve reform are now coming from the highest levels.
(36:58) — Who actually owns the Fed?
(38:15) — Fort Knox, transparency, and whether an audit is needed.
(39:35) — Would Judy support a live video walkthrough of Fort Knox?
(40:34) — Could Treasury Trust Bonds inspire other sovereign nations to follow?
(43:44) — Would America’s founders even recognize today’s monetary system?
(44:38) — The new Board of Peace and why Judy is interested in it.
(46:32) — Would Judy join the Board of Peace if asked?
(46:38) — What is at risk if monetary reform never happens?
(48:11) — The battle never ends.
Watch on X: https://x.com/i/status/2047349653339877796
~~~~~~~~~~
The President of the United States said today that the world is becoming like a casino. I said it 5 years ago. Like always, I am way too early.
Source(s): • https://x.com/GoldTelegraph_/status/2046000371810664856
This Strategic U.S. Gold Deal Is Flying Under the Radar | Andy Schectman & Michelle Makori
This Strategic U.S. Gold Deal Is Flying Under the Radar | Andy Schectman & Michelle Makori
Miles Franklin Media: 4-21-2026
Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, interviews Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, on a major gold development that’s flying under the radar and what it could signal for the global financial system.
As the Iran conflict is in its third week, gold has surprisingly weakened instead of rallying. At the same time, the U.S. is quietly facilitating a gold deal with Venezuela, while gold has also become America’s most valuable U.S. export in three of the last four months.
This Strategic U.S. Gold Deal Is Flying Under the Radar | Andy Schectman & Michelle Makori
Miles Franklin Media: 4-21-2026
Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, interviews Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, on a major gold development that’s flying under the radar and what it could signal for the global financial system.
As the Iran conflict is in its third week, gold has surprisingly weakened instead of rallying. At the same time, the U.S. is quietly facilitating a gold deal with Venezuela, while gold has also become America’s most valuable U.S. export in three of the last four months.
So what’s really happening? Is the U.S. indirectly accumulating gold? Where is all this gold going?
And could this signal a shift toward a new monetary system?
Schectman breaks down the hidden dynamics behind global gold flows, the possibility of gold being used in trade for critical minerals, and why trust in the financial system may be breaking down.
In this episode of The Real Story with Michelle Makori
The U.S.-Venezuela gold deal and why it matters
Why gold is flowing in and out of the U.S. simultaneously
Is the U.S. quietly accumulating gold again?
Speculation around gold-for-critical-minerals trade
China, supply chains, and strategic resource control
Gold revaluation and the debt crisis
BIS comments on silver and market structure
Private credit risks and systemic contagion
Why trust in financial markets is breaking down
00:00 Introduction
01:51 Venezuela Gold Deal
05:24 Is the US Secretly Buying?
08:44 Gold Exports Surge
13:27 China vs Switzerland Theories
16:46 Comex Imports and Deliveries
28:44 Debt Math and Revaluation
36:43 Gold Revaluation Path
38:07 July 4th Speculation
39:15 Silver Selloff Explained
40:55 BIS Calls Out Comex
44:15 Global Silver Supply Squeeze
48:54 Private Credit Time Bomb
57:18 Inflation and Fed Outlook
01:05:13 Closing Remarks
Why Central Banks Are STILL Dumping Dollars for Gold
Why Central Banks Are STILL Dumping Dollars for Gold
Notes From the Field By James Hickman (Simon Black/Sovereign Man) April 22, 2026
In late February 2022, days after Russia invaded Ukraine, the United States responded by freezing billions of dollars of assets owned by the Russian government.
Whether or not that action was justified is beyond the point. US government bonds had long been considered the safest asset on earth. But every central banker on the planet learned an important lesson that day– US Treasury bonds were only safe as long as their country stayed on America’s good side.
Why Central Banks Are STILL Dumping Dollars for Gold
Notes From the Field By James Hickman (Simon Black/Sovereign Man) April 22, 2026
In late February 2022, days after Russia invaded Ukraine, the United States responded by freezing billions of dollars of assets owned by the Russian government.
Whether or not that action was justified is beyond the point. US government bonds had long been considered the safest asset on earth. But every central banker on the planet learned an important lesson that day– US Treasury bonds were only safe as long as their country stayed on America’s good side.
Consequently, foreign governments and central banks began quietly moving a portion of their strategic financial reserves into assets that Washington could not freeze or sanction. And the most important of those assets was physical gold.
Within months, the collective buying of foreign central banks was running faster than at any point in modern history.
Compared to a previous baseline of about 650 metric tons per year in 2018 and 2019, central bank gold purchases jumped to over 1,000 tons starting in 2022.
It stayed there through 2023. It hit a record 1,100 tons in 2024. Even in 2025, when gold went parabolic to $4,500 an ounce and they could have paused or even taken profits, they were still net buyers of roughly 800 tons.
Holding Treasury bonds requires trusting that the US government will not freeze their assets, will not weaponize the dollar, and will not run deficits large enough to force the debasement of the dollar itself.
None of those three conditions holds anymore.
The United States ran a $2 trillion deficit last year— no recession, no economic crisis, no war, no bailouts. It was just business as usual. Congress won’t lift a finger to cut even the most blatant fraud and graft.
Consequently, the national debt is now pushing $40 trillion, with interest costs eating $1.2 trillion per year— nearly a quarter of total tax revenue. And foreigners are rapidly losing confidence.
In the first quarter of 2026, the dollar's share of global foreign exchange reserves fell 2.3 points, a quarter of the previous decade's entire decline in ninety days. Non-dollar transactions gained ground quickly on the SWIFT payment network, rising from 18% to 31% in the Middle East and from 35% to 42% in Asia.
And for the first time since 1996, the world's central banks now hold more gold than they hold US Treasury securities.
The big picture is that foreign governments are setting up for a new monetary order, one in which physical reserves matter more than paper promises from Washington.
So governments are securing as many physical reserves as they can.
It’s not just gold, either. Energy, fertilizer, industrial metals, and shipping are all getting the same treatment as gold: repatriated, stockpiled, or rerouted to suppliers inside friendly borders.
Countries across the Western Hemisphere are rebuilding domestic production for fuel, uranium, copper, and food, because they can no longer count on the old, postwar order to deliver the goods on schedule at a price they can live with.
We can already see the early signs– the same loss of trust that has driven central banks to buy so much gold is starting to lead to bulk buying of other real assets… which means that the prices of these strategic resources will likely rocket higher.
This means that the companies which produce those real assets (as well as their shareholders) are likely set to make a LOT of money in the future.
With assets like gold or silver, you could buy the metals outright. But today that means paying near all-time highs.
In our analysis it’s a much better deal to own the companies that produce them. As real asset prices rise, margins expand and profits multiply.
For example, gold has roughly tripled in three years. But one mining company we featured in Strategic Assets (Schiff Sovereign's monthly investment research service), is up 5x in the same period. And a silver miner we featured went up nearly 10x.
Energy, industrial metals, and shipping can offer the same leverage.
We look for profitable, well-managed real asset businesses with clean balance sheets and clear catalysts, trading at a low multiple of free cash flow, positioned to benefit from the exact shift central banks are already executing.
None of this makes us permabulls on gold, silver, or anything else. The environment is too volatile for certainty, and our edge is not in calling the next move. Our edge is applying the same disciplined criteria to very well run businesses and adjusting when the facts shift.
We chase returns, not attachment to any particular company or commodity.
And our approach has worked. Out of 20+ companies we have featured, one we sold at 10x and another at 6x, several current positions are up 2-4x, and only three are in the red. However we think those three have substantial upside from here.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
“Compression of Time”: Why Gold Moves Are Speeding Up | Wagner
“Compression of Time”: Why Gold Moves Are Speeding Up | Wagner
Kitco News: 4-17-2026
Gold and silver are entering a critical technical phase as volatility accelerates and market moves compress into shorter, more aggressive cycles.
After rallying from roughly $4,000 to $5,600, gold corrected sharply to $4,100 and is now attempting to reclaim key resistance near $4,900.
“Compression of Time”: Why Gold Moves Are Speeding Up | Wagner
Kitco News: 4-17-2026
Gold and silver are entering a critical technical phase as volatility accelerates and market moves compress into shorter, more aggressive cycles.
After rallying from roughly $4,000 to $5,600, gold corrected sharply to $4,100 and is now attempting to reclaim key resistance near $4,900.
In this episode of Chart This, Gary Wagner, editor of The Gold Forecast, explains why $4,900 is the level to watch, noting that a breakout could open the path toward $5,100 and a potential retest of the highs.
He also points to the recent pattern of a lower high and lower low as a sign that the market is still in transition.
Wagner also highlights what he calls a “compression of time” across commodities, where major price swings that once took years are now unfolding in weeks.
From silver’s 162% rally and sharp retracement to crude oil’s rapid spikes tied to geopolitical events, he outlines how extreme volatility is reshaping trading conditions.
00:18 - Gold rally and correction setup
01:12 - Support vs resistance explained
03:49 - Momentum indicators and overbought signals
05:37 - Key gold breakout level at $4,900
06:19 - Silver outperforming gold rally
08:01 - Silver targets $80, $90 and $96 resistance
10:39 - “Compression of time” in markets
11:50 - Crude oil spikes on geopolitical shocks