A Modern Money Crisis

Gold in 1980 and 2011…

Bitcoin in 2014, 2017, or 2021…

Even GameStop shares in 2021…

If you see an asset going parabolic, it’s time to take money off the table.

There’s no telling when that parabola will stall out – and give back its gains.

Today, the obvious parabola? Well, it’s money itself:

Turn Your Images On

Soaring money supply growth is screaming danger for fiat currencies (Source: Eric Yeung)

A spike in money supply typically occurs during a crisis. Not when the economic vibe is simply “uneasy” and bullish.

Today’s graph strips away delusion. A massive quantity of fiat money is propping up the stock market and global economy.

That’s a trend that cannot last.

~ Addison

P.S.: This surge in money supply growth explains why gold has also spiked.

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The gold price this morning (Source: Google Gemini)

The Money Supply – M2 – makes up one of three causes we have identified for today’s record high gold prices. For the full research presentation on our forecast should current trends continue, click here.

P.P.S. “Bitcoin is more speculative than Ethereum,” declared Ian King on Grey Swan Live! yesterday. It was only one of the provocative statements he made while walking us through the wild west of crypto assets yesterday. Thank you, if you were in attendance. The full reply can be found on the Video Archives section of our website for Grey Swan members, here.

If you want to gain access to this video and more, click here for details.

Spoiler alert: The “use-case” for Ethereum as the backbone of a free market in tokenized assets is quite convincing. And compelling. You owe it to yourself to understand decentralized finance (DeFi) now. “It’s as powerful a disruptive innovation in banking as Netflix was to Blockbuster in the movie industry,” Ian asserts.

If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.com.

Gold in 1980 and 2011…

Bitcoin in 2014, 2017, or 2021…

Even GameStop shares in 2021…

If you see an asset going parabolic, it’s time to take money off the table.

There’s no telling when that parabola will stall out – and give back its gains.

Today, the obvious parabola? Well, it’s money itself:

Turn Your Images On

Soaring money supply growth is screaming danger for fiat currencies (Source: Eric Yeung)

A spike in money supply typically occurs during a crisis. Not when the economic vibe is simply “uneasy” and bullish.

Today’s graph strips away delusion. A massive quantity of fiat money is propping up the stock market and global economy.

That’s a trend that cannot last.

~ Addison

P.S.: This surge in money supply growth explains why gold has also spiked.

Turn Your Images On

The gold price this morning (Source: Google Gemini)

If you want to gain access to this video and more, click here for details.

If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.com.

Remember what happened when they conjured $5 trillion out of thin air during the pandemic? Inflation ripped to 9% — the highest in forty years.

Kicking off the next money-printing cycle from $6.6 trillion instead of $4 trillion — with so much pandemic-era cash still sloshing around the system — all but guarantees double-digit inflation. We’re talking about potential currency destruction on a scale — and at a speed — America has never seen.

Position accordingly.

The Harvard Business Review warns of “workslop.” Mandated AI tools produce bad slides and reports. Workers say 15% of what hits their desks is slop. For a company of 10,000, that’s $9 million a year in lost productivity.

Progress, or just noise?

You may recall similar confusion over actual productivity in the early days of the Internet.

In the age of AI, oil isn’t just possibly made from dinosaurs — it is a dinosaur. Nobody’s running a data center on diesel, opting instead for nuclear.

As a result, oil prices have largely traded in a sideways $60-$70 range over the past few years. And relative to gold, oil is now substantially undervalued.

I’m not saying that we necessarily have to see that same pattern play out this time as we switch from Summer to Fall here in 2025, because we are in a much more solid acceleration phase of this bull market now, and the market breadth can stay bullish longer than people expect.

What I am hinting at though, is that if we saw the PM markets cool down a bit heading into October, then it wouldn’t really be a surprise; considering we’re at max bullishness on this breadth and sentiment indicator.

Remember what happened when they conjured $5 trillion out of thin air during the pandemic? Inflation ripped to 9% — the highest in forty years.

Position accordingly.

Progress, or just noise?

You may recall similar confusion over actual productivity in the early days of the Internet.

In the age of AI, oil isn’t just possibly made from dinosaurs — it is a dinosaur. Nobody’s running a data center on diesel, opting instead for nuclear.

As a result, oil prices have largely traded in a sideways $60-$70 range over the past few years. And relative to gold, oil is now substantially undervalued.