Why Your Pension Can Own Gold and Your 401(k) Still Can’t

Pension funds have owned gold for decades. 401(k) plans almost never do, and it isn’t because gold is a bad idea. A new federal rule is trying to close that gap. Here’s what it changes, and what it doesn’t.

The Fed Has Two Hike Numbers Right Now. Almost Everyone Quotes the Wrong One.

Fed funds futures report later meetings as a running total, not as separate bets. That single quirk explains why two very different hike numbers are circulating this week, why neither one is wrong, and which of the two actually sets the cost of holding metal into year-end.

Gold and Silver Pulled Back Today. The Treasury’s Plumbing Explains Why.

Five things moved in gold and silver today: the price action, the ratio, a new Treasury financing detail, the dollar, and this week’s remaining catalysts. All five trace back to one mechanism, not five separate stories.

A Stablecoin Issuer Bought More Gold Last Year Than Any Central Bank

The Fed’s flagship conference is about payment rails this year, not the level of rates. ECB data explains why that is a gold story, and why the most striking buyer of 2025 was not a central bank at all.

One Freeze Taught Every Government a Lesson. China Is Still Acting on It.

Rick Rule argues Beijing didn’t run a spreadsheet and conclude gold would outperform. It watched what happened to someone else’s reserves. The freeze of roughly $300 billion in Russian assets repriced a risk every reserve manager had treated as zero, and China has cut its Treasury holdings 52% since 2013.