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:

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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.)

Hedge funds have gone all-in on semiconductor stocks.

We believe the emergence of a USD stablecoin carries the potential to be a transformative event in monetary history, one as consequential as the day the United States severed its link to gold and as powerful in shaping the world’s financial order as the moment it abandoned Bretton Woods.

This paper does not offer reassurance of the status quo. It confronts a reality that few seem to have yet recognized and even fewer truly understand. It describes the quiet emergence of a tool whose strategic potential remains largely unseen, even as it begins to reshape the foundations of global finance.

After its blistering rally, gold shocked newcomers with a 6% two-day plunge this week, the steepest drop in twelve years. CNBC dubbed it “gold’s Halloween scare.”

In a welcome twist, J.P. Morgan called the decline “a much-needed breather,” predicting that prices will “reset for the next leg higher.” Goldman Sachs kept its $4,900 year-end target, saying “sticky, structural buying” from central banks remains intact.

“Gold isn’t falling,” Reuters happily agreed, “It’s catching its breath.”

Leverage is a two-way street. Investors get a tailwind on the way up. But small drops become a considerable problem – leading to “margin calls” when an investor is forced to settle the debt for a loss.

Forced sales are a downside feature of stock market bubbles. The forced sale of stocks and hard assets like gold push prices lower even if the participants don’t want to sell.

Hedge funds have gone all-in on semiconductor stocks.

After its blistering rally, gold shocked newcomers with a 6% two-day plunge this week, the steepest drop in twelve years. CNBC dubbed it “gold’s Halloween scare.”

“Gold isn’t falling,” Reuters happily agreed, “It’s catching its breath.”

Forced sales are a downside feature of stock market bubbles. The forced sale of stocks and hard assets like gold push prices lower even if the participants don’t want to sell.