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Silver Beat Gold in August. Almost Nobody Said So.

Silver Beat Gold in August. Almost Nobody Said So.

Every outlet ran the same line about gold's best month since September 1999. Measured close to close, silver rose 19.0% in August and gold 15.1%. Here is what the smaller metal's lead says about who is bidding for metal, and why a positive real yield stopped mattering....
Video thumbnail headlined "Gold Is America's #1 Export", showing gold bars stacked on pallets inside a shipping container, with guest Trey Reik and host Megan King Diaz.

Gold Beat Aircraft and Oil to Top America’s Export List. Nobody Agrees Why.

Gold reached the top of the US export table in three separate months, out of more than 1,200 categories. That makes gold the largest US export by value. The trade-deficit offset climbed from under 4% to about 19%, and the cause is contested....
A plain gold coin resting on a long grocery receipt, illustrating the July PCE inflation report's gap between what households paid and what they received.

Americans Spent More in July. They Got Nothing Extra for It.

The Bureau of Economic Analysis put July consumer spending up $36.3 billion, and up $1.3 billion once prices are stripped out. Core inflation held at 3.3%, a sixty-fifth straight month above target. Here is why gold slipped anyway....
Split image of two matching bank vault doors — one open revealing stacked gold bars inside, the other closed — illustrating why some retirement accounts can hold gold in your 401k and others still can't

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....
A single gold coin on the first of three tiles marked SEP 15-16, OCT 27-28 and DEC 8-9, illustrating Fed rate hike odds across 2026's remaining FOMC meetings.

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

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....
Rick Rule beside the headline "They Don't Trust the Dollar," with a gold vault and bullion.

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....
Ten Percent Sent Gold Abroad. Nine Percent Brought It Home.

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....
Four-quadrant flat lay of gold coins, a bond certificate, cash, and a bronze bull statue on a wooden desk, representing the permanent portfolio gold allocation strategy's four equal asset classes

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....

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