Loading ...I couldn’t agree more with the argument that both Gold and Silver are extremely undervalued today. Unfortunately, what all of these prognosticators forget, that part of the reason why they’re so cheap, is that the manipulation of the metals via algorithms, rehypothecation, and various other shenanigans, has cemented the notion that institutions don’t want to play in this sandbox. They clearly know that the fix is in, and will not commit larger proportion of funds to something that is so manipulated. My best guess is that when we see G&S start to go up $50-60-70+ on a daily basis, that will be a red flashing light to institutions to jump in. But again, what do I know ( been wrong for so long).
Earthquake
Dayton Nevada 5.9
This is why the shares are still lagging … too many bad memories … get over it.
Why $4,200 Gold is Still Dirt Cheap
You’d have to be living under a rock not to know that precious metals—gold, silver, platinum, and palladium—have been soaring over the past several years.
Gold is up an impressive $2,600 per ounce, or 160%, since its late 2022 lows, as shown in the chart below, and silver is up by a similar percentage.
In fact, thanks to that strong performance, gold has now even outperformed the stock market, as measured by the S&P 500, over the past 30 years.
That alone should make you pause and realize something huge and anomalous is underway.
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But in light of those strong gains, many skeptics, naysayers, and even some precious metals investors are turning cautious, wondering if gold and silver may have risen too far, too fast, and could be due for a correction.
But my argument, backed by extensive and reliable data, is that the bull market in precious metals is still in its early stages.
Despite recent gains, gold at $4,200 and silver just under $60 are still dirt cheap.
This is because I believe we are only in the beginning phases of a much larger bull market that will take gold to at least $20,000 an ounce and silver to several hundred dollars an ounce within the coming decade.
There are many reasons for this ultra bullish outlook on precious metals, but the main one I will focus on today is that fiat, or paper, currencies like the U.S. dollar, euro, British pound, and Japanese yen are on track to meet the same fate as all fiat currencies throughout history: total collapse.
This collapse will lead to hyperinflation, just as it did with Germany’s ill-fated paper mark currency between 1918 and 1923, as I will show in the next series of charts below.
The first chart shows the early stages of the collapse of Germany’s paper mark, when the price of gold in marks soared tenfold, or 900%, in just two years from 1918 to 1919. That is far greater than gold’s comparatively modest 160% rise over the past three years.
And you can bet that in 1919, after that powerful surge, many Germans believed gold was too expensive, due for a sharp correction, and that it was too late to invest. But as we’ll soon see, they were in for a rude awakening.
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What’s remarkable is that the price of gold in Germany’s dying paper mark currency didn’t stop at a tenfold increase.
By 1922, it had soared another tenfold, resulting in a staggering 100-fold increase, or 9,900%, in just four years.
And sure enough, after such an incredible performance, many Germans believed that gold’s bull market had run its course, that a huge crash was inevitable, and that it was too late to invest. But once again, the skeptics were proven wrong, as we’ll see in the next chart.
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Finally, the chart below shows the full span of Germany’s hyperinflation period from 1918 to 1923.
Even after gold had already surged 100-fold by 1922, it soared another 10 billion times over the following year as Germany’s paper mark experienced its final collapse.
In total, the price of gold in German paper marks surged an incomprehensible 80,645,161,290,223% in just six years.
Those who remained skeptical after gold rose just tenfold—and later 100-fold—were left dumbfounded and in a very precarious position.
Sadly, those who failed to protect their hard-earned wealth with precious metals saw their life savings utterly wiped out, were plunged into poverty, and some even starved to death.
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The reason gold rose so dramatically when priced in Germany’s national currency, the paper mark, was simple: the currency was dying.
That’s how all fiat currencies end, and unfortunately, the U.S. dollar, British pound, and euro won’t be any different. It’s only a matter of time.
This famous historic photograph from Germany’s hyperinflation era shows just how worthless the paper mark had become. It was more economical to burn it in the fireplace than to use it to buy firewood or coal:
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And if the story of Germany’s hyperinflation feels distant or hard to relate to, remember that it happened to real people, just like you and me.
In fact, my maternal great-grandparents lived through it, along with my grandfather Bruno, who is shown in the photo below and was born in 1922 during the height of the crisis.
That experience is what led them, like so many others, to emigrate to the United States in search of a better life.
In fact, if it hadn’t been for Germany’s hyperinflation, I quite literally wouldn’t be alive today. This story is deeply personal to me.
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Germany’s hyperinflation and the resulting economic collapse impoverished and demoralized ordinary people.
In that climate of despair and desperation, Adolf Hitler rose to power by promising to rebuild the economy and restore order, including putting food back on people’s plates after all they had endured.
Unfortunately, after severe economic trauma, tyrannical political leaders, whether from the far right or far left, typically rise to power and oppress innocent, desperate people.
This is one of the outcomes I have been trying to prevent over the past 20 years through my activism and efforts to warn others.
But governments and central banks are pressing forward, bingeing on debt and printing massive amounts of money, rapidly devaluing the world’s paper currencies and driving inflation to dangerous levels.
And if you think Germany’s hyperinflation was a one-off event that could never happen in wealthy, developed countries like the United States, Canada, the United Kingdom, or Australia, think again.
The sheer explosion of global debt makes a worldwide fiat currency crisis a guarantee.
Over the past three decades, global debt has increased tenfold, rising from just $25 trillion to $250 trillion today.
This trend is not slowing down. In fact, it is accelerating and will go practically vertical over the next decade as we approach the endgame of the current global monetary regime.
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As I explained earlier, the key condition for a hyperinflationary event, such as what happened in Germany, is an explosion of the money supply.
Whether through traditional money printing or today’s stealthy digital money “printing,” the result is the same: the currency rapidly loses value.
And this process is already well underway in the United States. Since the year 2000, the U.S. money supply has surged by nearly 5x.
This is why the middle class is being crushed, as the cost of normal life becomes too expensive and increasingly out of reach for all but the wealthy.
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And it’s not just happening in the United States, but worldwide, as the global money supply has exploded by 205% since 2007.
Like global debt, this will go nearly vertical in the next decade as we approach the fiat money endgame.
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As we’ve learned today, when paper currencies die, the price of both gold and silver soars when measured in those collapsing currencies.
That is exactly what happened in Germany during the 1920s, and we are now witnessing the very early stages of that same process.
If we use the German model as a reference, we are likely in the equivalent of 1915, before things really began to escalate.
This is why gold has already surged 160% over the past three years to $4,200 an ounce, and it’s just getting started.
But no, gold is not too expensive at these levels, just as it wasn’t too expensive in 1919 after rising tenfold in German paper marks, in 1922 after rising one hundredfold, or even after rising one thousandfold, because it would eventually rise nearly one trillionfold from start to finish.
If there is one lesson to take from my great-grandparents’ generation of Germans, it is that everyone should own some gold and silver to protect their hard-earned wealth from what always happens to paper currencies—their brutal demise.
I hope you found this report eye-opening and informative. It’s a free sample of the kind of content I regularly share with thousands of premium subscribers to my best-selling newsletter, The Bubble Bubble Report, which normally costs $25 a month
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Maddog
The question is, does GLD really have the gold they say they do?
Maddog 5;03. Energy
Lunatics alright, maybe look into a way to power your own basic energy. This video has some insight on pre war if the Strait of Hormuz closes, there goes Brent, US oil will then need to stop exports crashes out prices. Europe and UK will be in trouble. And they want war. Also further after 17 minutes sadly UK failed system Starmer has only 10 percent approval, 90 percent disapproval with no sign of a sane level reality based PM it is sad and scary to watch. Russia and Ukraine …
This all feels fake
The action in the paper markets just seems contrived. Repeated attempts to shake the tree knowing full well they can only do it for a day, or even just a few hours. The shares seem to know it today. They are having trouble manipulating the shares and metals together.We saw that with the big down day in the HUI a few days ago. Demand for both must be pretty strong.
I wonder if the news about the 401K’s is part of the reason pm’s have been so strong this year. Big players with inside information front running. Next up will be asset allocation recommendations from the banks.
There’s been no reason for the metals to be weak the last couple days. Just games.
How much is 10 % of 401k’s in Gold
if roughly $ 37 Trillion is the new available amount and they invest 10 % in Gold….then that means 3.7 T /134400000 = 27529 Tonnes
or 13 % of all the Gold ever mined in the world
Captain Hook
Great catch …..This is to help drive Gold higher….from what GROK tells me there @ 80 % of 401 K’s that cannot buy the likes of GLD today, which means that of the $ 46 Trillion in 401 K’s $ 37 Trillion can now buy it….
There are 74 million 401’k s////which makes @ 59 million people who can now buy…..and if they only buy 1 oz each…..the mkt needs to find 1843 Tonnes….yup tonnes….which funnily enough means that they have to produce 50 % more next year…..annual production is @ 3600 tonnes…..
They did not think about this …
90 Million Americans Don’t Even Realize Yet They Just Got the Green Light to Buy Gold, Silver, Miners & Commodities In Their 401K’s. Wait Until They Do!
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A seismic shift is coming to the investment world. An executive order, signed by President Donald Trump on August 7, 2025, has quietly laid the groundwork for what could be the single greatest catalyst for precious metals and the miners in a generation.
Starting in 2026, the floodgates will open for trillions of dollars in 401(k) retirement accounts to pour into alternative assets, including commodities like gold, silver, and the miners.
For a sector as small as precious metals, this is not just a game-changer; it is a paradigm-altering event.
For decades, the average American investor has been locked out of the assets that the wealthy and institutional players use to build and preserve real wealth.
While pension funds and family offices have long allocated to hard assets like gold and silver, the 90 million Americans in 401(k) plans have been relegated to a narrow menu of stocks and bonds.
This is all about to change. The executive order explicitly aims to “democratize access to alternative assets” for every American preparing for retirement. It directs the Secretary of Labor to relieve the “regulatory burdens and litigation risk” that have prevented 401(k) fiduciaries from offering these assets.
Section 3(a)(iv) is the key: it explicitly lists “direct and indirect investments in commodities” as a permissible alternative asset class.
The Wealth Gap This Order Aims to Close
To appreciate the significance of this order, one must understand the two-tiered system it aims to dismantle. For decades, a great wealth gap has been perpetuated by a simple reality: the rich and the average have access to different investments.
While public pension plans, university endowments, and ultra-high-net-worth individuals have long used gold, silver, and other real assets to generate inflation-proof returns, the average American with a 401(k) has been legally and structurally barred from doing the same due to structural and regulatory hurdles.
The public pension plans, university endowments, and ultra-high-net-worth individuals can more easily invest in a broader range of assets, 401(k)s have traditionally been limited to a narrower selection of investments. This is often due to concerns about liquidity, regulatory complexity, and potential liability for plan sponsors.
This executive order signed by President Trump explicitly calls this out, noting that the status quo has “denied millions of Americans opportunities to benefit from investment in alternative assets.”
It frames the move as a matter of fairness and democratization, giving the 90 million participants in defined-contribution plans the same tools as the most sophisticated institutional investors.
This isn’t just a new investment option; it’s the leveling of a playing field that has been tilted in favor of the wealthy for a generation.
So, Let’s Dig Into The Following:
- The trillion-dollar trickle that becomes a flood! “It is crystal clear, this administration wants some of that 401K money to find its way into commodities and that is exactly what is going to happen.”
- A catalyst meets an explosive backdrop. “Now, add to all of this perfect storm the single largest potential new source of demand in history: the American retirement account. The stage is set for an explosive 2026.”
- The leveraged play on this incoming tsunami of capital. “More importantly, the catalyst is not a wave of speculative hot money that can leave as quickly as it arrived. This will be a sustained, structural flow of retirement capital; sticky money that will provide a tailwind for years, not months.”
- The capital starvation the mining industry has experienced for 15+ years is coming to an end! “This executive order is the rain that ends the drought. The flood of capital from American retirement plans will not just bid up the price of existing shares; it will provide the mining industry with a source of growth capital it hasn’t seen in fifteen years.”
- Is the timing perfect and intentional? “The administration is reading the writing on the wall. They see the mathematical certainty of a debt spiral, the potential for a catastrophic policy error from the Federal Reserve, and the growing fragility of the entire fiat system. Not to mention the likelihood of a huge round of QE and much lower rates fueling fresh inflation and they are handing the American people a lifeboat, an escape-hatch.”…
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Thank God for Trump and the return of common sense
European Carmakers Surge After Trump Rolls Back Fuel Rules
https://www.zerohedge.com/markets/european-carmakers-surge-after-trump-rolls-back-fuel-rules
I thought European integration was supposed to reduce the risk of war.
Anyway, they won’t need that much for reparations. Most of the damage will be in the Donbass and Novorossiya.
I see that Medvedev doesn’t seem to have any doubt as to where, in the EU, the attack should occur. Would that be an attack on the EU or Belgium? Sounds like the Belgians are not keen either way.
I tell you what though, I’d rather have Putin as my country’s leader than any of the other ones. Including whatever type of government he runs. Folk will say it’s a corrupt bunch of oligarchs with him at the top. Almost as if America wasn’t the same.
Europe has lunatics in charge…..they are line dancing in mine fields.
EU plan to seize £80billion of Russian assets for Ukraine could be enough to justify Putin going to war with Europe, Kremlin official warns
Michael Pento
People are gonna get wiped out. He should say even more people before this is over. ” End the Fed. ”
Oooops!
Looks like someone has finally looked at a cash flow spreadsheet beyond six months and then realised that there will not be enough money to support the lending they have already made. There just aren’t enough trillions for the data centres, the nuclear power stations, the water pipelines and desalinators, the staff poaching from …. somewhere, anywhere, and therefore it’s time to bail while there are plenty of greater fools chomping at the bit.