Silver Rises Over 120% YTD 
Ten Percent Sent Gold Abroad. Nine Percent Brought It Home.
The financial press says central banks are bringing their gold home. The World Gold Council asked 76 of them, and the numbers run the other way: more spread gold into additional foreign jurisdictions last year than repatriated it. What that says about custody, and about how you hold your own metal.
What Is the Permanent Portfolio? Harry Browne’s 25% Gold Allocation Explained
Most advisors cap gold at 5–15% of a portfolio. Harry Browne’s Permanent Portfolio puts it at a full 25%. This piece unpacks why he drew the line there, how the strategy held up in 2008, the 1970s, and 2022, and what the honest case against it looks like.
Two Investors Ran the Debt Math Separately. Both Landed on 15% Gold.
Ray Dalio’s August 21 post cited an $11 trillion debt-service figure behind his call to hold 10-15% of a portfolio in gold. Days later, gold-app CEO David McAlvany independently reached a strikingly similar conclusion — and neither man sizes bitcoin anywhere close to gold.
Gold Nears $4,700, Silver Holds Above $69. Why Is Everyone Waiting on One Friday Speech?
Gold pushed past $4,600 and silver held near $69 as Treasury yields and the dollar fell into Friday’s Warsh Jackson Hole speech. Here’s the mechanism connecting five threads — and what a hawkish, dovish, or neutral surprise could mean for both metals.
Gold Hits 3-Month High as Oil Falls Ahead of Bessent’s Iran Sanctions Announcement
Gold hit a fresh three-month high and silver turned positive today, both ahead of Treasury Secretary Bessent’s 2 PM ET press conference unveiling new Iran sanctions. But oil is falling into the announcement, the opposite of what a “tougher sanctions” headline usually does to markets. Here’s the mechanism actually driving today’s move, and why it isn’t really about Iran.
