Articles

THE BIG SHORT AND THE BIGGER LONG
For at least 35 years, the monetary system has been telling us that the current era is coming to an end. That means a debt collapse, a currency collapse and a collapse of most bubble assets like stoc...
Egon von Greyerz / April 22, 2025
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The Rearrangement of the Global Economic Order
It was a tremor that shook the financial markets in the trading days following Liberation Day, when tariffs were imposed on almost every country in the world. One of the big winners was gold. After a...
Ronnie Stoeferle / April 17, 2025
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Tariff Needle + Debt Balloon = Era-Ending Liquidity Crisis
Despite the undeniable ripple effects of the recent tariff measures out of DC, the headlines, as usual, are mostly wrong about the causes of the current market volatility and the longer-term ramificat...
Matthew Piepenburg / April 9, 2025
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Constitutional Money: Who Killed It, What Follows?
Below, we conduct a necessary autopsy on the death of Constitutional money. The Constitution Matters Most of us, myself included, have a favorite lawyer joke (or two), but law school had its shining m...
Matthew Piepenburg / April 1, 2025
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BONFIRE OF THE PAPER ASSET VANITIES & THE REBIRTH OF GOLD
The picture above shows the Bonfire of the Vanities (Falò delle Vanità)in 1497 in Florence. Objects of sin like art, books, cosmetics etc were burnt. Tom Wolfe wrote an excellent book with the same ti...
Egon von Greyerz / March 27, 2025
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Gold vs Toxic Brews of Financial Repression & Capital Controls
As we’ve said and written so many times, and as history confirms century after century, and regime after regime, desperate (i.e., debt-cornered) nations do desperate things. And this, by the way, alwa...
Matthew Piepenburg / March 9, 2025
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NEXT GOLD MOVE WILL SURPRISE THE WORLD
Trump would not be surprised if there is no gold in Fort Knox. There should be 4,600 tons there, at a value of $430 billion. The U.S. allegedly holds 8,100 tons of gold in Fort Knox, with most r...
Egon von Greyerz / February 26, 2025
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Gold Revaluation: Solution or Desperation?
Topics like bond yields, dollar debates, or yield curves can be admittedly, well, boring. And things like politics can be, well… emotional at best or divisive at worst. Shared Concern Among So Mu...
Matthew Piepenburg / February 16, 2025
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COMEX Flows: Is the Gold Case Almost Too Obvious?
For years, we’ve been warning of gold’s critical role as a buffer against increasingly obvious currency risk, banking risk, geopolitical risk and market risk. And for years, we’ve been warning about t...
Matthew Piepenburg / February 9, 2025
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PRINT BABY PRINT (AFTER US THE FLOOD)
When all the euphoria about the election and the Executive Orders is gone, the annoying small problem of the $36 trillion US debt remains – a debt growing exponentially. And also a debt that Tru...
Egon von Greyerz / January 29, 2025
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