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Daily Missive

Gold is Becoming “Monetary Infrastructure”

Loading ...John Rubino

April 21, 2025 • 4 minute, 23 second read


goldmonetization

Gold is Becoming “Monetary Infrastructure”

“Gold loves to make its way through guards, and breaks through barriers of stone more easily than the lightning’s bolt.”

— Horace

 

April 21, 2025 — Why is gold marching steadily higher while everything else is trading chaotically? An X thread from @mcm_ct_usa offers a useful— and for gold bugs, very exciting —explanation. Here’s a condensed version:

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Gold is quietly being re-monetized—and most people don’t see it. Here’s what’s happening, why it matters, and why it’s not priced in. This is for anyone who understands markets, but not the monetary architecture behind them.

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Most people think gold is just an inflation hedge. They’re missing something bigger: Gold is becoming Tier 1 collateral again. And that changes everything.

Historically, gold was money. It backed empires, settled international trade, and stabilized systems. Until 1971—when the U.S. closed the gold window. That decision turned gold into a commodity. But not for long.

Even after 1971, central banks kept gold. They never sold it off like other assets. Why? Because gold wasn’t dead. It was just sleeping—outside the system, waiting for recognition. That moment is now.

Enter Basel III. In 2023, global regulators began reclassifying physical gold as a Tier 1 asset—equal to cash or sovereign bonds. This is not a theory. This is regulatory policy.

Bank of England — July 2024

Federal Reserve — March 2025

ECB — April 2025

Basel III full implementation — June 30, 2025

Gold is being hardwired into global banking.

Gold as a Tier 1 Asset Means More Demand from Banks.

Why does this matter? Because it changes who can hold gold, how they use it, and what it’s worth to the system. Gold is now usable collateral for banks. They can borrow, lend, and settle with it.

That turns gold into active liquidity. Not just a store of value.

We’re talking about a return to gold as balance sheet capital—fully counted, fully trusted.

This isn’t about inflation anymore. It’s about structure. Gold is rising not because people are scared…but because banks are buying—quietly, systematically, under new rules.

Gold ≠ crypto. Crypto is outside the system. Gold is being brought back into the system. Approved. Custodied. Trusted. Global. It’s the opposite trajectory.

Most people still think in price terms. But Basel III is about utility. Gold is becoming useful again—for banks, nations, and institutions. Utility leads price. Always.

Now ask yourself: Why is gold hitting ATHs without retail FOMO? Without Fed pivoting? Without crisis? Because this isn’t a reaction. It’s a transition.

So what actually changes?

  1. Banks can now use gold as Tier 1 capital.
  2. Gold becomes accepted as interbank collateral.
  3. Those who custody gold now hold system-grade liquidity.

That creates a two-tiered gold market:

  • Paper gold = derivatives, ETFs, futures.
  • Real gold = vaulted, allocated, physically settled. Only one gets Tier 1 status.

We are now watching the re-rating of gold. It’s not about a price spike. It’s about gold being re-weighted—against other assets, against debt, against global risk.

Gold is still historically cheap in relative terms with most other assets ridiculously overvalued. It’s at ATHs in nominal dollars, but discounted versus equities, real estate, and other assets bloated by fiat expansion.

As gold becomes Tier 1 collateral, its monetary premium will rise. It won’t just be a trade. It will be a reference point.

The smart money isn’t trading gold. They’re positioning around it—vaulting it, settling it, insuring it. Basel III gives them a reason to do it system-wide.

And now it’s not just central banks accumulating. It’s commercial banks, family offices, and sovereign wealth funds. Not speculation. Structural demand.

If you hold gold now—physical, allocated, auditable—you’re not hedging. You’re front-running the collateral shift that the world will recognize after it’s complete & it’s too late… in my opinion, this is related to Agenda 21 and Agenda 2030. The idea is to make people poor in real terms.

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This isn’t just a gold rally. This is the reintroduction of gold back into the most significant monetary infrastructure role it’s ever had. It will not happen twice in our lifetime.

Gold isn’t becoming Tier 1 because of price. It’s rising in price because it’s becoming Tier 1.

Gold is no longer just a store of value. It’s becoming a tool of liquidity—inside the global system. If you understand, you know what happens next.

Gold isn’t a trade. It’s infrastructure. You need to know what’s coming.

This shift to gold as Tier 1 isn’t happening in a vacuum. It aligns with broader global financial restructuring under frameworks like Agenda 2030 and Agenda 21. You may not see the connection yet. But the dots are real—and they’re deliberate.

Agenda 2030 is marketed as sustainable development. But behind the buzzwords, it quietly introduces a model of centralized liquidity + decentralized poverty. You don’t own your home. You don’t own your energy. And soon—if you’re not careful—you don’t own your value.

Gold (and silver) are being structurally elevated while attention is focused on digital distractions. Crypto will remain volatile. Fiat will inflate. But real collateral— $GOLD —will be restricted, vaulted, and eventually out of reach. Unless you front-run that now.

John Rubino


Another Voice Joins the Dotcom Chorus

October 15, 2025 • Andrew Packer

This year’s Liberation Day selloff, which really started with the launch of Chinese AI Deepseek, is similar to the market meltdown amid the LTCM collapse.

However, the AI bubble is moving a bit faster, as Timmer’s data shows a gap in valuation that doesn’t match the price action of the 1990s. 

If things play out similarly from here, 2026 could mark a multi-year peak for markets as a slowdown in AI spending starts to appear and stocks sell off. 

Another Voice Joins the Dotcom Chorus
Earnings Trump the Trade War Tango

October 15, 2025 • Andrew Packer

Amid the latest tariff tantrum, it’s also earnings season again. The big banks have fared well, with sizeable earnings beats so far.

The king of the Wall Street TBTF banks, JPMorgan Chase, led the way.

Quarterly profits topped $14.4 billion, up 12 percent from the third quarter of 2024. Revenues hit $46.4 billion, up 9%.

The bank did disclose a $170 million loss, following the bankruptcy of Tricolor. The company is a lender in the subprime automotive space.

Compared to JPMorgan’s size, this is but a trifling rounding error, and by no means should investors see it as a sign that marginal borrowers are facing trouble.

Meanwhile, JPMorgan executives reiterated that consumers remain generally “resilient” and mostly on time with credit card payments.

Earnings Trump the Trade War Tango
Parallel Mike: The Silent Pact

October 14, 2025 • Addison Wiggin

Gold’s breakout is only Stage One — the prelude. It will continue until the lights go out on the existing order — until the system itself is deliberately imploded. For those who missed it, I went into detail as to how I forsee the revaluations working in my recent piece ‘The Relentless Revaluation of Gold’. In this regard, gold’s rapid rise should be seen as the lighting of the fuse; what follows is the detonation that brings down the buildings. Whether the trigger is a cyber crisis as the Polish Central Banker insinuated, a global conflict, hyperinflation, or all of the above, the mechanism is already armed.

Stage Two will emerge in the ashes of that financial cataclysm and it will be the unveiling of a new financial architecture — built around blockchain and digital currencies, with gold restored at its core as the international monetary anchor for settling contracts. As such, every asset, every liability, every illusion of value will have to be revalued against it — forcing a reckoning with decades of debt, debasement, and deceit.

Parallel Mike: The Silent Pact
Tariffs, Tokens, and the Battle for the New Dollar

October 14, 2025 • Addison Wiggin

As markets have the helm, it almost feels like a footnote that the U.S. government shutdown has entered its third week. Tomorrow will be the first round of missing paychecks for non-essential federal employees. The effects are spreading — IRS phone lines dark, national parks shuttered, flight delays piling up.

“Every week this drags on, GDP loses a decimal point,” said Moody’s chief economist Mark Zandi. As for markets? Axios summed it up this way, “The data blackout may soon rival the shutdown itself.” Private sources will have to make up the difference. Given the BLS’ track record over the past several years, that may not be such a bad thing.

Tariffs, Tokens, and the Battle for the New Dollar