Reid Ashcroft | Oct 7, 2025
Gold hit its 39th all-time high of 2025 in September, driven by continued political tensions, a weakening U.S. dollar, and record options market activity. The metal’s stellar run culminated in its strongest quarter on record, underpinned by massive inflows into physically backed gold ETFs.
Reid Ashcroft | Sep 30, 2025
The bull run in precious metals accelerated again this week. Gold pushed to new heights, briefly touching $3,790/oz on strong momentum, while Silver decisively pierced $44/oz, and Platinum printed near $1,500/oz.
Jeff Thomas | political | Sep 30, 2025
“If you catch 100 red fire ants as well as 100 large black ants, and put them in a jar, at first, nothing will happen. However, if you violently shake the jar and dump them back on the ground the ants will fight until they eventually kill each other. The thing is, the red ants think the black ants are the enemy and vice versa, when in reality, the real enemy is the person who shook the jar. This is exactly what’s happening in society today. Liberal vs. Conservative. Black vs. White. Pro Mask vs. Anti-Mask. Vax vs. Anti-vax. Rich vs. poor. Man vs. woman. Cop vs. citizen. [Etc.] The real question we need to be asking ourselves is who’s shaking the jar… and why?”
Reid Ashcroft | Sep 23, 2025
Gold prices extended their rally over the past week, with both international and domestic benchmarks hitting fresh highs. Internationally, the LBMA Gold Price PM advanced 6.7% in early September, building on August’s 4% rise, as weaker U.S. Treasury yields, elevated geopolitical tensions, and firm expectations of a Federal Reserve rate cut underpinned investor demand.
Reid Ashcroft | Sep 16, 2025
Gold markets extended their historic rally this past week, with prices breaking through the inflation-adjusted record high set in 1980. Spot gold climbed to $3,600/oz, up nearly $150 week-on-week and 37% year-to-date, officially surpassing the inflation-adjusted equivalent of $3,590/oz from the January 1980 peak.
Jeff Thomas | Sep 16, 2025
Years ago, Doug Casey stated that, “When empires die, they do so with surprising speed.” At the time, that comment raised eyebrows, yet he was quite correct in his observation. Ernest Hemingway made a similar comment when a character in his novel The Sun Also Rises was asked how he went bankrupt. The answer was, “Gradually, then suddenly.” Again, this sounds cryptic, yet it’s accurate. Any empire, at its peak, is all-powerful, but the fragility of an empire that’s in decline is hard to grasp, as the visuals tend not to reveal what’s soon to come.
Jeff Thomas | Sep 10, 2025
In 1906, Alfred Henry Lewis stated, “There are only nine meals between mankind and anarchy.” Since then, his observation has been echoed by people as disparate as Robert Heinlein and Leon Trotsky. The key here is that, unlike all other commodities, food is the one essential that cannot be postponed. If there were a shortage of, say, shoes, we could make do for months or even years. A shortage of gasoline would be worse, but we could survive it, through mass transport, or even walking, if necessary.
Reid Ashcroft | Sep 9, 2025
Gold extended its historic rally this week, printing fresh all-time highs near $3,600/oz, up roughly $150 week-on-week and now +37% year-to-date. The move came against a backdrop of mounting macro uncertainty, confirmation of tariff exemptions for bullion imports, and continued positioning for a September Federal Reserve rate cut.
Reid Ashcroft | Sep 3, 2025
Gold extended its historic rally this week, with prices setting a fresh all-time high of $3,475/oz on the LBMA’s PM auction, supported by a combination of legal uncertainty around US tariffs, expectations of near-term Fed easing, and ongoing safe-haven demand. Silver surged through $40/oz, its highest level in 14 years, while platinum broke back above $1,400/oz, catching up to the broader precious metals bid.
Jeff Thomas | Sep 2, 2025
Newton’s first law of motion states that an object at rest tends to stay at rest. Therefore, if a tablecloth is spread out on a table and an object, such as the fishbowl above, is placed on that tablecloth, the fishbowl will tend to “want” to remain right where it is. If the tablecloth were to be yanked away quickly, the fishbowl would move very little. Inertia would have been overcome by the tablecloth, but the fishbowl, already at rest, would tend to remain right where it had been before – on the table.