A Look at Gold’s Bad Rep

May 29, 2025 • 1 minute, 18 second read

While gold keeps trending higher, it’s almost entirely been due to central bank demand.

That should make investors at least pause and consider what these banks know about the economy that they don’t.

Sadly, that’s not the case.

Even with two big years of double-digit performance behind it, the average investor isn’t interested in the metal itself, or in playing catch-up with gold mining stocks:

Turn Your Images On

It’s doubtful that U.S. investors will sit out the gold trade forever.

And until U.S. investors are over-allocating to gold, both the metal and mining stocks likely have more upside ahead.

~ Addison

URGENT, Read Before Firday’s Opening Bell

President Trump just handed you a GIFT.

But only if you accept it before Monday’s opening bell.

If you do…You could see this as one of the luckiest times of your investment life.

That’s because three forces are coming together to to create one of the biggest stock booms in history.

It could start as soon as Monday at 9:30am.

Click here to see why… and how to take advantage.

P.S. We’ve recently released new research on today’s markets, and how President Trump is following through on a Great Reset of the U.S. economy. This first phase isn’t pretty – we call it the Great Fire – of which gold can play a role for safety. Click here for more details on how it could play out.

As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.)

Ripple Effect

A Look at Gold’s Bad Rep

Addison Wiggin

May 29, 2025 • 1 minute, 18 second read

gold

While gold keeps trending higher, it’s almost entirely been due to central bank demand.

That should make investors at least pause and consider what these banks know about the economy that they don’t.

Sadly, that’s not the case.

Even with two big years of double-digit performance behind it, the average investor isn’t interested in the metal itself, or in playing catch-up with gold mining stocks:

Turn Your Images On

It’s doubtful that U.S. investors will sit out the gold trade forever.

And until U.S. investors are over-allocating to gold, both the metal and mining stocks likely have more upside ahead.

~ Addison

URGENT, Read Before Firday’s Opening Bell

President Trump just handed you a GIFT.

But only if you accept it before Monday’s opening bell.

If you do…You could see this as one of the luckiest times of your investment life.

That’s because three forces are coming together to to create one of the biggest stock booms in history.

It could start as soon as Monday at 9:30am.

Click here to see why… and how to take advantage.

As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.)

Plowshares into Swords

September 15, 2025 • Bill Bonner

The empire is in decline. Demographics, regulatory tightening, fake money and the mis-allocation of trillions of dollars (much of it on pointless wars) have sapped the vitality of the economy. The Federal government gets bigger and bigger, but there is no longer enough output to pay for it.

The interest on the debt alone takes more more than a trillion dollars a year. The US faces a financial crisis. And for the first time in history, our children face a poorer future.

The welfare state model no longer works; the center — consensual democracy — wobbles towards the extremes. What to do? Beat our plowshares into swords?

The Shadow Fed Rises

September 15, 2025 • Addison Wiggin

A separate University of Chicago poll warned that political interference would push up U.S. borrowing costs and raise risk premia on government debt.

And yet, trust is draining away.

In 2001, amid the turmoil of the tech wreck meltdown on Wall Street, Gallup found 74% of Americans had confidence Alan Greenspan would “do the right thing.”

In 2025, only 37% say the same of Jerome Powell. For the first time since Trump and Powell shared the stage, more Americans trust Trump than Powell to steer the economy.

That does not bode well for Fed independence.

U.S. Government Spent 51% More Than It Took In Last Month

September 15, 2025 • Addison Wiggin

The government spent more than half of the money again, as much as it earned last month. Imagine how long spending like that would last if it were your family budget.

U.S. Government Spent 51% More Than It Took In Last Month

Porter Stansberry: A Repeat of MicroStrategy’s +2,400% Return

September 12, 2025 • Addison Wiggin

As Bitcoin’s price has risen, it now trades for around $115,000, MicroStrategy’s stock has experienced an even greater parabolic rise.

Today the company, renamed Strategy, has a market cap of $103 billion – and investors have seen returns of more than 2,400% in a little over 5 years.

It’s one of the greatest growth stories of recent years and one that almost nobody could have seen coming.

For anyone who has ridden the MicroStrategy gravy train, congratulations.

And for those who missed it, I believe you could have a rare second chance.

Porter Stansberry: A Repeat of MicroStrategy’s +2,400% Return

Plowshares into Swords

September 15, 2025 • Bill Bonner

The interest on the debt alone takes more more than a trillion dollars a year. The US faces a financial crisis. And for the first time in history, our children face a poorer future.

The welfare state model no longer works; the center — consensual democracy — wobbles towards the extremes. What to do? Beat our plowshares into swords?

The Shadow Fed Rises

September 15, 2025 • Addison Wiggin

A separate University of Chicago poll warned that political interference would push up U.S. borrowing costs and raise risk premia on government debt.

And yet, trust is draining away.

In 2001, amid the turmoil of the tech wreck meltdown on Wall Street, Gallup found 74% of Americans had confidence Alan Greenspan would “do the right thing.”

In 2025, only 37% say the same of Jerome Powell. For the first time since Trump and Powell shared the stage, more Americans trust Trump than Powell to steer the economy.

That does not bode well for Fed independence.

U.S. Government Spent 51% More Than It Took In Last Month

September 15, 2025 • Addison Wiggin

The government spent more than half of the money again, as much as it earned last month. Imagine how long spending like that would last if it were your family budget.

Porter Stansberry: A Repeat of MicroStrategy’s +2,400% Return

September 12, 2025 • Addison Wiggin

As Bitcoin’s price has risen, it now trades for around $115,000, MicroStrategy’s stock has experienced an even greater parabolic rise.

Today the company, renamed Strategy, has a market cap of $103 billion – and investors have seen returns of more than 2,400% in a little over 5 years.

It’s one of the greatest growth stories of recent years and one that almost nobody could have seen coming.

For anyone who has ridden the MicroStrategy gravy train, congratulations.

And for those who missed it, I believe you could have a rare second chance.