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The classic Downfall bunker meme gets a 2025 twist. Silver has smashed through $50, the short-side generals are panicking, and their trusted market-rigging AI — COMEX-GPT — starts glitching and twitching. Watch the mayhem unfold as the paper shorts crumble and the physical market takes control.

Gold is in the middle of what looks like an unstoppable bull run. It has already punched through $4,000 an ounce. At the rate the price is rising, it may well go to $5,000 within a few weeks, and perhaps even $6,000 as the next year unfolds. There have been lots of different explanations for this, from the looming collapse of the dollar, to secret Chinese buying, to the conspiracy theories circulating on the wilder fringes of the internet, such a secret plot to re-establish the gold standard, or attempts to replace all the metal that is meant to be...

The cost of Gordon Brown’s decision to sell the nation’s gold on the cheap 25 years ago has ballooned to £35billion. The then-Labour Chancellor sold 395 tonnes of bullion between 1999 and 2002 for a paltry £2.6billion. The gold price has soared since then, hitting a record high of $4,040 an ounce on Wednesday.

Key Points Gold futures broke above $4,000 per ounce on Tuesday for the first time. The precious metal has soared this year as investors seek a safe haven from a weaker dollar and geopolitical and economic uncertainty. ============================================================= Gold prices hit $4,000 for the first time ever Tuesday as investors seek a safe haven from a weaker dollar, geopolitical volatility, economic uncertainty and stubborn inflation. Gold futures were last trading at $4,005.80 per ounce. Prices have gained more than 50% this year as the U.S. dollar index has dropped 10% and President Donald Trump upends the global trade system and...

Monday's off to a busy start! As investors and traders await any developments from Washington DC, Tom White points out the fact that in the previous 5 government shutdowns equity markets actually rose higher. He joins Diane King Hall to set up the trading week before turning to a pair of big premarket movers. AMD (AMD) is jumping on news that it reached a deal to sell a potential 10% stake to OpenAI in tranches. And, Micron (MU) begins Monday's action with an upgrade at Morgan Stanley and a new price target to $220. Market Rally: AMD/OpenAI Deal, MU Upgrade...

Comex is effectively the largest gold and silver mine, with stand for deliveries a source for bullion. The conversion of paper gold and silver into bullion is now conspicuous. It cannot last. As our headline chart illustrates, gold and particularly silver have had a good week with prices continuing to rise. In European trade this morning, gold was $3860, up $101 from last Friday’s close. And silver at $47.33 was up $1.30 on the week. So far this year, gold is up 47% and silver by 63%. The question on everyone’s lips is will it continue? The answer appears to...

thought to be minted in the Spanish colonies of Bolivia, Mexico and Peru were uncovered this summer off Florida's Atlantic coast, 1715 Fleet – Queens Jewels LLC announced this week. It's not the first time the site has yielded a trove of, well, treasure. Centuries ago, a fleet of Spanish ships laden with gold, silver and jewels taken from the New World was sailing back to Spain when a hurricane wrecked the flotilla on July 31, 1715, spilling the treasures into the sea, according to the 1715 Fleet Society. Over the years, millions of dollars in gold coins from the...

Since 2007, major currencies have lost roughly 85% of their purchasing power relative to gold. Whenever gold rises and I get excited as a gold investor, I’m often met with the familiar refrain: “Gold isn’t really going up, the dollar is just losing value.” I used to brush that off as a cliché or a game of semantics, and honestly, it annoyed me. But over time I decided to dig deeper. I started analyzing the data visually, which is my favorite way to learn, and that’s when it finally clicked. They were right. Gold wasn’t truly soaring; fiat currencies were...

Our headline chart shows silver storming ahead amid reports of backwardations and soaring lease rates. Will it continue, and will gold be next? A graph of a line graph AI-generated content may be incorrect. Driven by poor liquidity, in Europe this morning silver was $45.03, up $2.00 from last Friday’s close. Gold was up a less spectacular $68 at $3750 on the week, but with a firm undertone. In this report, we look at what is currently driving gold and silver prices higher, and whether it will continue. The chart below illustrates the paper market problem with the silver futures...

New all-time High Today 3,813.60 up+38.50 (+1.02%)

Earlier this month, an ancient Egyptian bracelet was stolen from a restoration lab in Cairo's Egyptian Museum. Dating back 3,000 years, the gold artifact had belonged to Amenemope, a pharaoh who ruled during Egypt's Third Intermediate Period.Now, investigators have discovered the artifact's whereabouts: They say a museum employee stole the bracelet and sold it for less than $4,000. The buyer melted it down...Museum staffers discovered the bracelet was missing when they were itemizing artifacts for shipment abroad last week, reports the London Times' Magdy Samaan... the Ministry of Tourism and Antiquities... found that the artifact had passed from a museum...

Hong Kong’s push to become a global gold trading and reserve hub highlights a sharp contrast between real assets and endlessly printed fiat money. While the United States continues expanding its money supply — diluting purchasing power through debt-driven policies — China and now Hong Kong are moving in the opposite direction, stacking tangible wealth in the form of gold. By targeting storage capacity of over 2,000 tonnes within three years and rolling out tokenized gold investment tools, Hong Kong is positioning itself at the center of a new gold-based financial system. Unlike dollars that can be created with a...

Beaver Crrek, Colo. – Canadian dealmaker Frank Giustra says the age of paper gold is ending as BRICS nations stand up a parallel financial system that routes around the U.S. dollar and prizes deliverable metal. “We’re now, believe it or not, in the era of hard money,” Giustra said Tuesday in a conversation with Alex Deluce of the Ontario-based bulletin Gold Telegraph at the Precious Metals Summit. “If you own paper gold, you do not own gold. When the crunch comes, it will not be there.” China and partners among the BRICS (Brazil, Russia, India, China and South Africa) nations...

The chart below shows gold holdings (in yellow) and US Treasuries holdings as a percentage of foreign reserves. Gold is now a larger holding than US Treasuries for the first time in 30 years. We might be witnessing one of the most significant global rebalancing we’ve experienced in recent history, in my view. Where’s the World’s Gold Really Sitting? This chart shows the official gold reserves by country and the numbers are surprising. US has 8,133 tonnes—by far the leader. Then comes Germany (3,350 tonnes), Italy (2,452 tonnes), France (2,437 tonnes), Russia (2,330 tonnes), China (2,299 tonnes) and Switzerland (1,040...

Executive order effective September 8 exempts gold bullion, graphite, tungsten, and uranium while extending reciprocal tariffs to silicone products, resin, and aluminum hydroxide.The Trump administration exempted graphite, tungsten, uranium, and gold bullion from US country-based reciprocal tariffs, while adding levies on silicone products—and extending those tariffs to resin and aluminum hydroxide.The move, set to take effect today under an executive order, formalizes the planned bullion carve-out after a recent US Customs and Border Protection ruling sowed confusion by implying certain gold bars could face import taxes.TRUMP EXEMPTS GRAPHITE, TUNGSTEN, URANIUM & GOLD FROM COUNTRY-BASED TARIFFS; SILICONE PRODUCTS TO FACE LEVIES—...

Gold is on a record run — here’s how to invest, according to experts….

Gold prices reached unprecedented territory on Tuesday, breaking through the $3,500 per ounce barrier and establishing a new all-time high. This milestone comes amid a combination of market factors that have strengthened the precious metal’s position as a preferred investment. The price surge occurred as the U.S. dollar weakened against other major currencies, making gold more affordable for international investors. Simultaneously, financial markets have increasingly priced in expectations that the Federal Reserve will cut interest rates at its September meeting. The dollar’s recent performance has played a significant role in gold’s ascent. As the greenback loses value relative to other...

Are we living through the biggest market mania ever? In this hard-hitting update, Mike Maloney lays out why he believes today’s setup outstrips 1929 and the dot-com era—and why stocks and real estate could correct together. Inside you’ll see: • The valuation dashboard (Buffett Indicator, Tobin’s Q, CAPE, P/B) and why “long-term averages” may be misleading when you add an extra century of data. • How index concentration, mega-cap cash-flow multiples, and extreme P/Es mirror late-stage bubbles. • Classic warning lights: Dow Transports diverging, insiders dumping, and a yield-curve signal with a track record before major selloffs. • Why housing...

For the first time since 1996, foreign central banks hold more gold than U.S. Treasuries as the world continues to de-dollarize. Crescat Capital macro strategist Tavi Costa highlighted the crossover moment in a post on X, saying it is “likely the beginning of the most significant global rebalancings we've experienced in recent history.” Central banks have been aggressively adding gold to their reserves over the last three years. Last year was the third-largest expansion of central bank gold reserves on record, coming in just 6.2 tonnes lower than in 2023 and 91 tonnes lower than the all-time high set in...

Kazakhstan has revealed a major natural resource breakthrough with the discovery of 38 new mineral deposits, including 19 tons of gold and a vast reserve of rare earth metals. The discoveries mark a strategic shift for the Central Asian country, signaling its ambition to become a key supplier in global clean energy and tech supply chains. These findings, published in the journal Minerals, were made during the first quarter of 2025 as part of a national initiative to accelerate geological exploration by 2026. Gold And Rare Earth Metals Found Near The Capital One of the most significant discoveries is a...