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Ripple Effect

Gold Sustains A “Real” Historic High

Loading ...Addison Wiggin

September 9, 2025 • 56 second read


goldInflationinflation-adjusted returns

Gold Sustains A “Real” Historic High

Gold is up 171% versus the U.S. dollar since 2019.

There’s a genuine bull market in place here – 35% year to date.

More importantly, gold has now sustained above its inflation-adjusted high:

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Adjusted for inflation, gold is finally making new highs (Source: Bloomberg)

Gold’s peak of $800 back in 1980, adjusted for inflation, clicks in at $3,500 per ounce, making gold’s break above $3,600 the first all-time high in real, inflation-adjusted terms, in 44 years.

And retail investors have barely noticed.

The gold rally is but one reaction to persistent inflation — and this Terrifying Bull Market. Is not too late to buy.

~ Addison

P.S.: We see further upside in gold for several reasons — central bank buying, soaring M2  money supply… a global crisis in government debt… the endgame for global fiat… geopolitical concerns.

We’re experiencing the return of a 1970s-style macro environment. Gold could hit $10,000 by the end of the decade… and still have room to run. For a reasoned approach, check out our full research on the topic here.

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


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We’ve been saying for a long time that when it came time to rev up the money printer again, the Fed would do it under some other rubric than “Quantitative Easing” (QE), because by now, everybody knows what that is. YCC? Not so much.

What it means is that the Fed will buy unlimited bonds out at the long end of the yield curve in order to keep yields under some arbitrary line in the sand.

Here Comes Yield Control
Warrior Ethos

October 1, 2025 • Addison Wiggin

Let’s see, now that the government is shut down, where are we?

Pretty much where we left off: Markets surging higher, backed by the weight of AI capex and gorging on debt; A Congress unable to pay for promises forged in the 20th century’s welfare bureaucracy; A currency bleeding purchasing power with each deficit skirmish; A nation where even butter, coffee, and bandwidth become weapons of policy.

Warrior Ethos
Uncertainty or Not, Everyone’s Buying American

October 1, 2025 • Addison Wiggin

In the first few months of the year, European stocks started outperforming U.S. stocks. There was talk of capital flows out of the U.S., and into Europe.

On the surface, that looked reasonable – a relative value play. But European investors continue to stay invested in the U.S. for one simple reason – it’s where the growth is.

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Palmer Luckey: I Saw the Future of War. Now It’s Up to Us to Prepare for It

September 30, 2025 • Addison Wiggin

Like me, you can make the choice to put your technological talents to work for the mission of protecting your country.

You are your country’s finest engineers, technologists, and researchers. There is no secret arsenal. There is nobody else. It’s just you. So answer the call. Dare to build. And never yield in the defense of your country and its freedoms.

Palmer Luckey: I Saw the Future of War. Now It’s Up to Us to Prepare for It