Another Sign the ’70s Are Back

We’ve noted many similarities between today and the tumultuous 1968-1980 period.

The biggest similarity is the rise of inflation. While inflation has broken below the 1970s trend, ongoing deficit spending may compel policymakers to let inflation run hot.

That may be why central bankers are also taking a cue from the era of polyester and disco – and are loading up on gold in their balance sheets. Their total gold holdings are now back to a 1970s level:

Turn Your Images On

Notably, central bank gold holdings didn’t bottom around the year 2000 when gold prices did – they bottomed right around that pesky Great Financial Crisis.

And since then, central bankers have been taking the same steady buying approach to gold that retail investors take with their 401(k)s.

As central bankers rediscover gold, we can’t help but note that the metal is still undervalued relative to the fiat money supply – and would need to rise to over $20,000 per ounce to be fairly valued.

While retail investors chase paper assets, the central bankers may be onto the right trend for a change – and it’s a trend still worth following by adding your own gold and gold stock holdings.

~ Addison

Elon’s Next Move Could Turn Him Into America’s Biggest “Super Villain?”

Elon Musk has already taken public shots at Trump…

But what he’s planning next could hit a lot harder.

Not just for Trump…

But for every American…

So much so that Elon’s biggest supporters could soon call him a “traitor.”

Click here to see what’s coming.

P.S.: With the hard asset story getting stronger as time goes by, so is our research. Andrew’s planning to attend the Rule Investment Symposium in Boca Raton on July 7-11, 2025.

The Symposium is a five-day affair featuring in-depth research from dozens of small-cap resource companies, including gold and silver mining companies – but also copper, uranium, and other critical commodities we’ve explored in-depth in our research over the past year. Click here to attend and meet your future cutting-edge resource investments face-to-face.

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

We’ve noted many similarities between today and the tumultuous 1968-1980 period.

The biggest similarity is the rise of inflation. While inflation has broken below the 1970s trend, ongoing deficit spending may compel policymakers to let inflation run hot.

Turn Your Images On

Notably, central bank gold holdings didn’t bottom around the year 2000 when gold prices did – they bottomed right around that pesky Great Financial Crisis.

And since then, central bankers have been taking the same steady buying approach to gold that retail investors take with their 401(k)s.

While retail investors chase paper assets, the central bankers may be onto the right trend for a change – and it’s a trend still worth following by adding your own gold and gold stock holdings.

~ Addison

Elon’s Next Move Could Turn Him Into America’s Biggest “Super Villain?”

Elon Musk has already taken public shots at Trump…

But what he’s planning next could hit a lot harder.

Not just for Trump…

But for every American…

So much so that Elon’s biggest supporters could soon call him a “traitor.”

Click here to see what’s coming.

P.S.: With the hard asset story getting stronger as time goes by, so is our research. Andrew’s planning to attend the Rule Investment Symposium in Boca Raton on July 7-11, 2025.

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

Since the US confiscation of Russian assets in 2022, pretty much every pull back to 50-day moving average (red line) has been bought, and they continue to be bought. The average is now flattening out, as you would expect with this summer consolidation, rather as it did late last year. Some sideways consolidation is good. Ideally, you want to see the short-, medium- and long-term moving averages all flatten and converge. There often follows a big move higher.

We know many consumers continue to live paycheck to paycheck. After spiking higher, the drawdown in savings—cash that can be used in an emergency—is back to pre-pandemic levels.

While the overall debt picture is ugly, in some ways it isn’t – and that it may take some more time for a debt crisis to reach a kitchen countertop near you.

As we knock off for the week approaching mid-summer, it strikes us how hard it is to distinguish signal from noise. Markets defying gravity gives us pause.

Don’t buy in at elevated prices.

Keep your asset allocation in full view.

Buy cheap.

Sell dear.

It’s a funny old world, isn’t it?

AI is buying engineers like they’re first-round picks. The military is investing in rare earths like it’s the 1950s space race. Tariffs are flying, cocoa’s getting scarce, and your cereal may soon come with a luxury markup.

None of it, likely, concerns your portfolio.

This new wave of tokenized shares is exciting. It has the potential to break down walls and democratize access to pre-IPO giants.

But at the moment, it’s also risky, opaque, and largely unregulated.

So while we applaud the innovation, we urge caution — especially if you’re being offered something that seems too good to be true.