Podcast: Even at $4,000 Gold the Miners Are Ridiculously Cheap

Podcast: Even at $4,000 Gold the Miners Are Ridiculously Cheap

Notes From ther Field By James Hickman (Simon Black)  October 8, 2025

Yesterday we wrote that with gold topping $4,000, it’s time to step back and look at the big picture—and the fundamentals haven’t changed.

Foreign governments and central banks hold about $10 trillion in US denominated reserves. But for years they’ve been trading this paper for gold— because it is their only realistic alternative.

Why are they searching for an alternative? Because they are losing confidence in the US government.

The debt, the political dysfunction, the weaponization of the dollar— these all make them less excited about loaning money to the US government.

And their steady buying of gold is what pushed it to these levels.

Those catalysts have not gone away, and if anything, are stronger than ever.

When a few hundred billion in demand can double the price of gold, imagine what happens if even a small portion of the remaining trillions rotate into gold.

Does 5% of dollar reserves shifting into gold translate to $10,000 gold? 20% re-allocation to $20,000 per ounce?

We don’t know exactly, but these numbers are not fantastical. There’s still enormous room for upside.

In the short term, of course, we can see plenty of noise.

Markets respond to headlines—like the new prime minister of Japan openly calling for more money-printing. Any environment like that naturally drives gold higher.

But at the same time, we’re seeing signals that a correction could be near—a stampede of new individual investors, record inflows into large gold ETFs, and a drop off in jewelry sales.

There are some classic signs of a short-term top.

But we don’t focus on short term trading. We always look at the long term big picture. And the long-term trend remains solidly intact.

So does the most important story of all right now: the much ignored mining sector.

Even after a massive run, many gold miners are still deeply undervalued relative to the long-term intrinsic value of their businesses.

One company featured in our premium investment research is up 5x in the past year. Yet even if gold fell back to $3,000, it would still be turning enough profit to trade at just four times earnings.

It’s debt-free. It pays a dividend. And it offers massive downside protection.

So while no one has a crystal ball—and we can’t tell you what happens tomorrow—the reality is that the mining, drilling, and service companies behind this bull market remain absurdly cheap.

That’s an opportunity to take seriously.

We dug into all of this in our latest podcast which you can listen to 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

https://www.schiffsovereign.com/podcast/podcast-even-at-4000-gold-the-miners-are-ridiculously-cheap-153684/?inf_contact_key=1f919ccb60db55e5bf8b1f2fa4927e1ab51161ba063939a3213f94f46454e7e9

Gold Breaks $4000 - Is The Dollar Collapsing? | Mario Innecco

Gold Breaks $4000 - Is The Dollar Collapsing? | Mario Innecco

Liberty and Finance: 10-8-2025

Mario Innecco speaks about gold breaking above $4,000 and silver nearing $50, signaling deeper issues within the global financial system.

Innecco warns that such price surges often precede major economic or geopolitical crises, comparing today’s environment to 1980, 2008, and 2011 when precious metals spiked before turmoil.

 He suggests gold may be anticipating hidden credit stress, inflation, or war, as physical demand from central banks and investors drains available supply and pushes lease rates higher.

Despite record prices, Innecco cautions against selling physical holdings, arguing that gold and silver serve as essential insurance against fiat currency collapse.

 He predicts silver could soar well beyond $50 once resistance breaks, as institutional and retail investors rush into tangible assets amid fading confidence in the financial system.

INTERVIEW TIMELINE:

 0:00 Intro

1:22 Gold update

 6:20 Currency crisis

10:00 Silver update

20:00 Retail involvement

https://www.youtube.com/watch?v=7qpTkIW_xQ0

News, Rumors and Opinions Thursday 10-9-2025

Gold Telegraph: Conversation #11 with Judy Shelton

10-9-2025

“The message of gold going up is that people are expressing discomfort with the way governments try to manage the economy and manage the world…”

In this episode, Dr. Judy Shelton joins me once again to explain how restoring integrity to money through gold-linked bonds and honest monetary policy could reshape the global financial system and return power to the people.

She also warns that the United States must move before China to lead the next era of monetary reform.

I hope you enjoy this discussion, and thank you, @judyshel, for joining me.

TIMESTAMPS

(1:19) Restoring integrity to money

(4:09) Lessons from the classical gold standard and Bretton Woods

(6:34) Explaining the Treasury Trust Bond

(12:27) How it could transform global demand for U.S. debt

(14:27) Auditing America’s gold reserves

(23:43) Reforming the Federal Reserve and IMF to restore accountability

(35:02) Making monetary policy boring again

(39:22) Considering a potential Federal Reserve nomination?

(47:50) Are we on the edge of another global monetary reset?

(55:05) Shifting monetary power from central banks to the people

(57:20) New stablecoin legislation

(1:02:22) Exploring the “Solidus”… a stablecoin backed by gold-convertible treasuries

(1:09:44) China’s hidden gold reserves and the risk

(1:12:08) Defining success over the next 10 years

(1:14:45) What gold’s powerful move is telling us about the future of the global monetary system

https://twitter.com/i/status/1975631687519510549

Source(s):   https://x.com/GoldTelegraph_/status/1975628037359325363

https://dinarchronicles.com/2025/10/09/gold-telegraph-conversation-11-with-judy-shelton/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: Sudani says the banking reforms have become a model of commitment and trust...Every time we see him, we do feel better.  The confidence in him is growing I will admit. Because he's telling us every day he's going to keep his promise... FRANK:  Sudani is not holding back...He comes straight out and he tells you as much as he can about the monetary reform without giving you the date or the rate.  He tells you the monetary reform of Iraqi banks is about to give you your purchasing power...by lifting of the zeros from your exchange rate.

Mnt Goat  ...This is a critical time and could result in a reinstatement if all goes well.  All the evidence shows us this is now inevitable, but when?  Yes, that is the questions we all want to know... 

 Militia Man  When Iraq changed the value from 1450 to 1310, they just popped out and said, boom it's done, no warning, they just did it effective immediately.  They do it when they are going to do it.  So, that's why we are watching how far Iraq is, do they have all of their systems in place, electronic payments, cross border payments...it's very complex. 

************

Gold Surges Past $4000, Silver Nearly Touches $50 | Chris Vermeulen

Liberty and Finance:  10-8-2025

https://www.youtube.com/watch?v=x0EsbT1A9tU

Gold Tops $4K as World Prepares to Go off Dollar Standard

Gold Tops $4K as World Prepares to Go off Dollar Standard

Peter Schiff:  10-8-2025

The financial world recently crossed a staggering, unprecedented milestone: gold surged past $4,000 per ounce.

While mainstream financial media often tries to rationalize such movements away as temporary volatility or irrational exuberance, economist and outspoken investment strategist Peter Schiff argues that this surge is the clearest, most urgent warning signal yet—a screaming indicator that the global financial system, founded upon the U.S. dollar, is on the brink of profound collapse.

In a recent video, Schiff didn’t just celebrate the price jump; he dissected its implications, drawing striking parallels to historical crises and laying out a grim forecast for the dollar and U.S. sovereign debt.

For Peter Schiff, gold is not merely a commodity; it is the ultimate forward-looking indicator of economic health.

The move past $4,000 is not random; it signals accelerating fear over the future purchasing power of fiat currencies, especially the U.S. dollar.

Schiff anchors his argument in history, specifically comparing today’s situation to the 1970s. When the U.S. abandoned the gold standard, the dollar experienced a massive devaluation, leading to crippling stagflation.

 The current crisis, he argues, is a sequel—but potentially far more severe—as the world actively moves away from the U.S. dollar standard.

Schiff critiques commentators who dismiss gold’s rise, reminding us that truly significant financial crises are often heralded by seemingly isolated market events.

 Just as the rising default rates on subprime mortgages were the quiet harbinger of the 2008 financial crisis, the explosive rise in gold prices is signaling a sovereign debt and inflation crisis that the Federal Reserve and Washington are actively ignoring.

Why is the dollar’s reserve status eroding now? Schiff points to three critical factors that have converged to accelerate the move away from the greenback:

The bedrock of the dollar’s global status has been fundamentally undermined by the massive, unsustainable debt carried by the U.S. government. Irresponsible fiscal policies—unfunded spending, endless deficits, and ballooning national debt—have signaled to the world that the U.S. has no intention of paying down its liabilities or maintaining the strength of its currency.

Schiff argues that the Federal Reserve has lost credibility by prioritizing political stability over fiscal prudence. Years of loose monetary policy, followed by policy shifts that have failed to tame inflation effectively, have left investors skeptical of the Fed’s ability to navigate the complex economic landscape without resorting to the inflationary tactic of printing more money.

Perhaps the most significant recent catalyst is the weaponization of the dollar through geopolitical sanctions, notably those levied against Russia.

 By freezing dollar-denominated assets, the U.S. government inadvertently provided the final push needed for nations like China, the BRICS alliance, and others to actively seek alternatives to the dollar for trade and reserves. This collective push for de-dollarization is rapidly diminishing the demand for U.S. assets.

Schiff’s prediction is stark: the unprecedented surge in gold prices foreshadows a looming dollar collapse accompanied by hyperinflation.

Schiff believes the Fed will ultimately choose the latter, resulting in a severe devaluation crisis where goods and services become exponentially more expensive, even as the official economy plunges into deep distress.

If the gold market is truly signaling the end of the dollar era, preparation is paramount. Peter Schiff is adamant that traditional defensive strategies will fail because the U.S. bond market will be the primary victim of rising rates and collapsing currency value.

Gold and silver are essential portfolio anchors. They are real money that retains value during periods of monetary debasement and inflation. As the dollar plummets, these assets represent protected purchasing power.

Avoid reliance on U.S. stocks and bonds. Schiff recommends acquiring foreign dividend-paying stocks that generate income in currencies less exposed to the U.S. debt crisis, allowing investors to move their capital out of the collapsing dollar orbit.

Schiff stresses that U.S. bonds (Treasuries) will suffer the most significant damage. As rates eventually rise or inflation spirals out of control, the value of fixed-income U.S. debt will be decimated.

The move to $4,000 gold is a marker of historic significance, according to Peter Schiff. It is a financial verdict on decades of fiscal negligence and a clear call to action for investors to prepare for a financial upheaval that will redefine global monetary stability.

For a deeper dive into Peter Schiff’s arguments and his full analysis of the pending economic turmoil, please watch the full video and explore resources on his Shift Gold platform.

https://youtu.be/NxBzjro87-U

Gold’s Run to $5,000, Silver $50 Isn’t a Rally: It’s Proof of a Dying Financial System

Gold’s Run to $5,000, Silver $50 Isn’t a Rally: It’s Proof of a Dying Financial System

Daniela Cambone:  10-8-2025

“It’s really theft. And it's not mistaken theft or stupid theft. It's deliberate policy theft,” says Matthew Piepenburg, author of Rigged to Fail, of the current fiscal environment.

 He warns we are at a “Stalingrad moment” for the U.S. dollar, driven by unsustainable debt and central banks “net stacking gold and net dumping U.S. Treasuries.”

This historic shift, he explains, is because “policymakers are not your friends” and are deliberately debasing currency. “When that debt credit balloon approaches a popping moment… the currency used to monetize that debt… melts like an ice cube.”

In this environment, “gold just tells the truth,” acting as a vital lifeboat. “Gold has almost a supernatural, historical, and inherent quality that's simply unmatched.

And that's why it's in such demand, and it will always get the last laugh over dying fiat paper money. It just always does.”

https://www.youtube.com/watch?v=cfqJfAcOnp4

Armies Of Investment Managers About To Rush Gold | Clive Thompson

Armies Of Investment Managers About To Rush Gold | Clive Thompson

Liberty and Finance:  20-8-2025

Gold and silver markets are surging, with gold nearing $4,000 and silver pushing $50, driven by global unease over political instability, the U.S. government shutdown, and recession fears.

Clive Thompson says investors are losing faith in holding cash and rushing into tangible assets, while institutional portfolios still hold less than 1% gold on average, leaving room for a major revaluation if allocations rise even modestly.

He views short-term froth as normal within a powerful, long-term bull market. Thompson warns the U.S. shutdown is forcing the Fed to “fly blind” without economic data and slowing growth amid layoffs and AI-driven job losses.

He expects the Fed to resume money printing to cap long-term rates, triggering renewed inflation and pushing gold even higher.

He argues government debt is compounding faster than GDP and predicts an eventual gold revaluation, potentially near $15,000 per ounce, as the only way to restore fiscal solvency.

Ultimately, he sees the “crack-up boom” described by von Mises unfolding, where all real assets rise together as confidence in fiat currencies erodes.

Gold, he says, remains the anchor of real value as dollars, euros, and other currencies continue to lose purchasing power in “real money” terms.

INTERVIEW TIMELINE:

 0:00 Intro

1:47 Gold market

8:47 Government shutdown

 24:35 Gold revaluation

 30:00 Dollar devaluation

35:30 Last thoughts

https://www.youtube.com/watch?v=Cx3_XVF_N7o

Gold and S&P 500 Peaking Together 6 Times in 2025 — A 1970s Echo of Financial Chaos?

Gold and S&P 500 Peaking Together 6 Times in 2025 — A 1970s Echo of Financial Chaos?

Daniela Cambone:  10-7-2025

In finance, conventional wisdom often holds that when stocks soar, safe havens like gold languish. They are supposed to be inverse reflections of economic confidence.

But what happens when both are hitting all-time highs simultaneously?

This rare and fascinating convergence was the subject of a recent, insightful discussion on the Della Kambon show at ITM Trading, featuring host Danny and guest Joel Litman, a finance professor and Chief Investment Strategist at Ultimatry.

Litman explains that this unprecedented dual peak—a phenomenon that has occurred only six times since the 1970s—is not a glitch in the simulation. It’s a powerful signal driven by fundamentally separate forces, demanding a new level of diversification from investors.

The simultaneous ascent of gold and the S&P 500 paints a contradictory picture of the current global economy:

Gold has experienced an explosive surge, rising 44% this year and nearing the significant milestone of $4,000 an ounce. This movement is a classic reflection of global fear and systemic uncertainty.

Meanwhile, the S&P 500 has climbed 14% to set new records. This surge is predicated on a narrative of optimism surrounding U.S. corporate performance.

The contradiction resolves when you stop viewing the market as a single engine. Litman stresses that gold and stocks are being propelled by entirely different—but equally powerful—engines.

Gold is thriving because of global risk and instability. Stocks are thriving because of specific, idiosyncratic strength within the U.S. corporate sector.

“Gold is the hedge against global crisis and instability. Stocks are the reward for U.S. corporate innovation and strong earnings growth,” Litman explained.

A persistent critique of the current stock rally is that it’s purely dependent on a handful of mega-cap tech companies (the “Magnificent 7”). Litman thoroughly refutes this notion, providing evidence that the market’s strength is far broader than headlines suggest.

He revealed that over 400 stocks in the S&P 500 have more than doubled in value this year.

This breadth signals that the rally is robust and driven by genuine productivity gains across various sectors, not just concentrated momentum in tech giants. This reality opens up significant opportunities for selective stock pickers willing to look beyond the largest market caps.

Another source of investor confusion is the disconnect between mixed economic surveys (weak PMI, consumer spending concerns) and the strong performance of corporate earnings.

Litman clarifies that economic growth and corporate earnings growth are not synonymous. Many American companies can generate high economic profit even when the broader economy faces headwinds.

This resilience is largely attributed to the robust discretionary income of the U.S. consumer compared to consumers in other developed nations.

When assessing the risk of a prolonged bear market, Litman points to the historical precedence: bear markets almost always coincide with corporate credit crises.

Critically, the U.S. currently exhibits low credit risk. Conversely, Litman highlights that credit risks are perilously concentrated in China, where many companies—when reviewed under Western accounting standards—are barely profitable or effectively insolvent. This fundamental contrast supports a relatively optimistic view on the trajectory of U.S. equities.

The discussion also touched on global efforts to challenge the U.S. dollar’s dominance, including Russia’s financial strain and China’s strategic shifts, such as the proposed “China super monetary highway” involving gold trading in Hong Kong and Saudi Arabia.

While acknowledging these shifts, Litman remains skeptical that the complex structural and political hurdles facing these nations will allow them to unseat the USD’s dominance anytime soon.

The convergence of record-high gold and stocks is not a signal to panic, nor is it a sign to go all-in on one asset class. Instead, it underscores the profound importance of intelligent diversification.

This moment in history—where two opposing forces of the financial world hit their zenith together—is rare. It provides a unique opportunity for investors to hedge their global risks while capitalizing on the extraordinary strength and innovation of the U.S. corporate sector.

https://www.youtube.com/watch?v=UXSTC0fA2iM

$4,000 Gold: Is It Time To Sell?

$4,000 Gold: Is It Time To Sell?

Notes From the Field By James Hickman (Simon Black)  October 7, 2025

You’d think Charles de Gaulle would have been a little bit more grateful to America.

 As head of the Free French Forces during World War II, de Gaulle was essentially a leader in exile, and he had to base himself in England for the majority of the war after the Nazis took Paris.

 It was only because of the sacrifices made by American troops-- and exceptional generosity from US general Dwight Eisenhower-- that de Gaulle was allowed to enter Paris on August 25, 1944.

 America had already done all the fighting. But de Gaulle marched through the streets in triumph as if he had personally won the war.

 The US government then went on to cement his power, so de Gaulle became head of France’s post-war provisional government, then later French president. France also received billions in aid from the Marshall Plan, courtesy of US taxpayers.

 The guy pretty much owed his entire political career, not to mention the liberation and economic solvency of his country, to the United States.

But de Gaulle’s ego was far greater than his sense of gratitude; in fact in his own memoirs he compared himself to Joanne of Arc. He even whined that he didn’t receive enough US support.

 The ultimate disrespect came on February 4, 1965. De Gaulle called a press conference to criticize America’s “exorbitant privilege” in global finance, concluding that the world needed to return to a classical gold standard.

 Ever since July of 1944, the world had been on the “Bretton Woods” system. Every currency was pegged to the US dollar, and the US dollar was pegged to gold at a price of $35 per ounce.

Having the global reserve currency meant that America could finance its government deficits by simply printing more money. This is still the case today. De Gaulle was jealous of this benefit, so he tried wrecking the financial system.

In addition to demanding a return to the classical gold standard, de Gaulle also insisted that the US government redeem France’s dollar reserves for gold.

 The idea caught on. Governments around the world, along with financial speculators and investors, started paying attention… and many began trading their dollars for gold as well.

 This trend picked up steam over the next several years until, finally, in 1971, Richard Nixon shut it down… announcing that the United States would no longer redeem US dollars for gold.

 The gold price naturally started to rise. Within a few months, gold was already above $40, up 13.5%. It reached $60 in 1972 (up 42%), nearly $100 in 1973 (up 66%), and $180 in 1974 (up 80%).

 It’s not hard to understand why. Inflation was soaring. The world was a geopolitical hot mess. Then there was the Nixon political scandal at home. Uncertainty abounded, and gold was the remedy.

 But then something interesting happened: Congress passed a law finally allowing private ownership of gold.

It seems crazy today, but ever since 1933, it had actually been illegal for Americans to own gold. Congress reversed this in 1974.

 So just imagine you’re an average American in the 1970s watching gold rise more than 5x, from $35 to $180… but you can’t do anything about it because it’s illegal to buy. Then suddenly the law changes. Almost overnight, US investors started aggressively investing in gold.

 Back then, of course, people didn’t have brokerage accounts, let alone access to futures exchanges. And there were no ETFs.

 So instead people bought physical gold coins-- Krugerrands, Eagles, etc. And there was booming demand for a while.

 But right around this time, large investors, hedge funds, etc. started feeling like gold was overbought… and that the price had risen too far, too fast. So they started selling. In fact many funds were selling as small retail investors were buying.

 And as you can imagine, the gold price soon started to fall; in fact the correction lasted roughly 18 months. Gold eventually hit a low of ~$100 in August 1976-- a drop of more than 40% from its record high in 1975.

 Yet even though speculators were selling, the fundamentals of gold had not changed.

 Specifically, foreign governments and central banks were still seeking to diversify from their US dollar holdings. And more importantly, the US government financial condition was still atrocious.

 So after an 18-month hiatus, the gold price started rising again in August 1976… from ~$100 to $800+ in December 1979.

So even though gold had reached a record high in 1974, people who understood the long-term fundamentals, i.e. why the gold price was going higher, saw an additional 4x return. People that were smart enough to buy more when the price fell did even better-- 8x in less than four years.

 And people who sold their gold in 1975 missed the rise from $185 to $850.

 Gold just hit $4,000 today. It’s up more than 50% in a year, and up 100% in two years. So is it time to sell?

In our view, this is like 1975 again. Gold may be overbought now; after all, nothing is supposed to go up (or down) in a straight line.

We’re also seeing interesting data from ETFs. The “GLD”, for example, the world’s largest gold ETF, is seeing record inflows, including more than $2 billion in a single day last month.

 This is a sign that, just like 1975, individual investors are piling in to gold after sitting on the sidelines for the past few years.

 Strong, sudden retail demand is often a top signal, at least temporarily. And it’s possible that there could be a short-term correction.

But even if that happens, it doesn’t change the fundamental story of gold. Just like the 1970s, foreign governments and central banks today are aggressively diversifying their US dollar holdings, and gold is the most convenient asset for them to buy.

We don’t believe this has changed at all. Foreign governments and central banks might pull back on their purchases temporarily to see what happens in the market. But long-term they are still strong buyers of gold thanks to the US government’s terrible fiscal trajectory.

 And despite any short-term corrections, this is what will ultimately drive gold prices higher over the next several years.

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

https://www.schiffsovereign.com/trends/4000-gold-is-it-time-to-sell-153676/?inf_contact_key=a0098e0fbdc4e230a5f948ef216876ecb35f7cb4f843dbaf82489fd4b96e6293

Debt Crisis Builds, Gold Soars, System Reset

Debt Crisis Builds, Gold Soars, System Reset

ITM Trading: Taylor Kenny:  10-5-2025

The economic landscape feels more unpredictable than ever. From rising prices at the grocery store to whispers of financial instability, many are asking: What’s really going on with our money and our future?

A recent video from ITM Trading, featuring Taylor Kenney and Eric Griffin, dives deep into these pressing questions, offering insights that challenge conventional thinking and highlight crucial strategies for wealth preservation.

The conversation opens with a stark look at the commercial real estate (CRE) market. Imagine a perfect storm: rising interest rates making borrowing more expensive, declining occupancy rates (thank you, remote work!), and a mountain of adjustable-rate mortgages (ARMs) facing refinancing deadlines.

 This isn’t just a hiccup; it’s a recipe for potential disaster.

As interest rates climb, property values naturally fall, making refinancing a nightmare. Many commercial property owners will struggle to meet their obligations, potentially triggering a financial crisis in the sector.

 The proposed “solution”? Central banks might resort to what’s known as “extend and pretend” – temporarily cutting interest rates to allow owners to refinance at lower rates, thereby propping up asset values and delaying the inevitable. It’s a bandage, not a cure, and it has significant implications for the broader economy.

But the real story of our current economic woes isn’t just about rising prices – it’s about the very foundation of our money.

The video powerfully argues that inflation is fundamentally currency debasement. When central banks engage in excessive money printing, they erode the purchasing power of the dollar. This isn’t just theory; it’s a fundamental erosion of your savings and your future wealth.

This perspective flips the script: traditional fiat currencies (like the dollar) are not truly “real money” because their value can be manipulated and diminished by policy. Instead, the rising price of assets like gold isn’t necessarily because gold is getting more expensive; it’s because the dollar is losing its value.

In this environment of currency debasement, precious metals like gold and silver emerge as vital tools for wealth preservation.

Gold, with its intrinsic value, acts as a hedge against a weakening dollar. It’s “real money” that has stood the test of time, unlike paper currencies that have historically come and gone.

A common question is, “Is it too late to invest in gold?” The experts in the video suggest quite the opposite. Given the ongoing monetary debasement, long-term gold prices could far exceed current levels. It’s about protecting your purchasing power over time, not short-term speculation. And for those concerned about accessibility, gold can be acquired in fractional ounces, making it reachable for various budgets.

The video also delivers a critical warning: physical precious metals are paramount. Relying on paper or digital gold products (like ETFs or bank-held accounts) carries significant risks.

In times of crisis, digital assets can be frozen, devalued, or simply inaccessible. Physical gold and silver, however, provide tangible security and control – “money in your hand” that isn’t subject to the whims of financial institutions or government policies.

And don’t overlook silver! Often called “poor man’s gold,” it offers similar protective qualities and is particularly useful for smaller-scale transactions or barter in a truly extreme scenario, complementing gold’s role as a major wealth preserver.

Looking ahead, the experts warn of continued challenges: potential stagflation (a toxic mix of stagnation and inflation), job market shifts due to technological advances like AI, and the near certainty of more money printing to combat economic headwinds. In such an environment, waiting to act could prove costly.

The message is clear: proactive positioning is key. By understanding the true nature of currency debasement and acquiring physical precious metals like gold and silver, you can protect your wealth and secure your financial future in an increasingly uncertain world.

Watch the full video from ITM Trading with Taylor Kenney joined by Eric Griffin for further insights and information. Understanding these dynamics now could be the most important financial decision you make.

https://youtu.be/nx5RP9CPo3Q

BRICS Just Built the System that will Replace the Dollar

BRICS Just Built the System that will Replace the Dollar

Cyrus Janssen:  10-6-2025

For the past 80 years, the US dollar has been the undisputed king of global finance, its dominance underpinning the world’s economic order.

 But a seismic shift is underway, spearheaded by the BRICS alliance – Brazil, Russia, India, China, and South Africa – that promises to fundamentally reshape the financial landscape.

They’re not just talking about it; they’re building it – a groundbreaking, resource-backed financial system designed to challenge Western hegemony and usher in a new era of economic sovereignty.

At the heart of BRICS’ revolutionary vision is the establishment of a dedicated precious metals exchange. This isn’t just about trading gold; it’s about enabling payments directly in gold and rare earth minerals.

This strategic move leverages BRICS’ formidable control over 72% of the world’s rare earth mineral reserves. These aren’t just obscure elements; they are the irreplaceable components of modern technology, from smartphones to electric vehicles, and crucially, advanced military hardware.

This unparalleled control over essential resources grants BRICS unprecedented geopolitical leverage.

This pivot isn’t happening in a vacuum. It’s a direct counter to a global financial system that has historically been controlled by Western institutions like the London Metal Exchange and the SWIFT payment network.

 The weaponization of these systems – particularly the exclusion of Russia from gold trading and payment networks following the conflict in Ukraine – served as a stark reminder of the vulnerabilities inherent in a centralized, Western-dominated architecture.

BRICS’ new exchange aims for independent, transparent financial mechanisms, enabling fair pricing free from unilateral Western sanctions and undermining the ability to enforce financial controls on sovereign nations.

Indeed, the signs of the dollar’s receding global tide are becoming increasingly undeniable. Nearly 70% of BRICS trade now bypasses the dollar, with nations like Russia and China increasingly conducting bilateral trade in their own national currencies.

Consequently, global dollar reserves are at their lowest since 2000. Even the dollar’s strategic cornerstone, the petrodollar, is losing ground as Saudi Arabia begins accepting the yuan for some oil sales.

Meanwhile, BRICS nations are actively amassing gold reserves and developing alternative financial infrastructures, such as China’s gold vault for foreign central banks, providing robust protection against Western sanctions.

Africa, with its vast untapped mineral wealth, is a crucial chess piece in this new game. The continent is increasingly integrating into this new system, leveraging its abundant natural resources to become a significant player in the rare earth mineral market.

Countries like Angola and Nigeria are investing heavily in mining and processing, eager to channel new wealth through BRICS-backed markets rather than Western-controlled systems.

For the United States, this evolving landscape presents particular challenges. A significant lack of domestic rare earth mineral production, especially for critical materials like nobbium – which Brazil largely controls – creates a substantial dependency.

This reliance directly undermines US military capabilities, given that many advanced weapons systems are built with these very elements. China’s near-monopoly on rare earth mineral processing further exacerbates the West’s vulnerability, creating a bottleneck that can be exploited.

In essence, what BRICS is meticulously constructing is a counter-narrative to the prevailing dollar-based, debt-heavy Western model.

 Their new global order emphasizes tangible assets, economic sovereignty, and the undeniable power that comes from controlling essential resources.

This is more than just a financial maneuver; it’s a declaration of economic independence and a historic rebalancing of global power. The world is witnessing a monumental shift in global trade and finance, with BRICS at the forefront, forcing the West to either adapt to this new reality or risk obsolescence.

Want to dive deeper into this monumental shift? Watch the full video from Cyrus Janssen for further insights and information.

https://youtu.be/UBh4QtVZwL0

It’s Game Over, Debt Bubble Blowing Up

It’s Game Over, Debt Bubble Blowing Up

Liberty and Finance:  10-4-2025

The financial headlines often tell a straightforward story: when the stock market soars, safe-haven assets like gold and silver typically languish. After all, why seek safety when the bulls are running free?

 Yet, we’re currently witnessing a fascinating and somewhat perplexing market dynamic: the U.S. stock market is hitting unprecedented highs, and gold and silver are surging right alongside it.

What gives?

Liberty and Finance recently hosted Don Durrett, an astute expert in precious metals investing, who sheds brilliant light on this perplexing phenomenon.

His insights reveal that this isn’t a contradiction, but rather a profound signal of underlying systemic risks, particularly the growing U.S. debt crisis, viewed through the critical lens of Triffin’s dilemma.

Durrett explains that while many American investors are celebrating stock market records, the smart money – especially foreign central banks and international investors – is reading a different tea leaves.

The U.S. is grappling with a ballooning national debt, a problem that is not yet fully reflected in domestic market sentiment.

This is where Triffin’s dilemma becomes acutely relevant. The paradox highlights the conflict of interest that arises when a national currency (like the U.S. dollar) serves as the world’s primary reserve currency.

 To satisfy global demand for dollars, the U.S. must run trade deficits, essentially exporting its currency. But this simultaneously undermines confidence in the dollar’s long-term value due to increasing debt and potential inflation.

Foreign entities understand this delicate balance. They are strategically reducing their exposure to U.S. debt and, crucially, accumulating gold at an accelerated pace.

This isn’t just hedging; it’s a strategic shift reflecting a growing acknowledgment of the dollar’s inherent vulnerabilities and the looming implications of unaddressed debt.

These are not incremental gains; they represent a fundamental re-pricing of these metals as global confidence in fiat currencies, particularly the dollar, continues to wane.

A striking point Durrett makes is the minimal gold exposure among American investors. While foreign central banks are buying hand over fist, many Americans remain under-invested in precious metals.

This often stems from a lack of immediate fear or a full recognition of the systemic debt issues that are quietly brewing beneath the surface of seemingly robust stock markets.

However, Durrett believes this is poised to change. As fear and recognition of economic risks grow domestically, American investors are expected to follow suit, turning to gold and silver as essential tools for capital preservation.

The unusual parallel surge of the stock market and precious metals is not a sign of irrational exuberance, but rather a sophisticated, two-tiered market revealing systemic risks.

While American investors revel in stock market highs, foreign central banks are signaling a shifting global paradigm, strategically embracing gold as a bulwark against a potential U.S. dollar devaluation and a broader economic reset.

Durrett’s insights underscore the critical importance of understanding these dynamics. As the U.S. debt crisis continues to unfold, gold and silver are not just commodities; they are increasingly becoming a strategic necessity for capital preservation in an uncertain economic future.

https://youtu.be/8lHnu2eO_dM