The Endgame for Fiat? Currency, Credit, and the Case for Gold

November 3, 2024 • 47 second read

I am travelling this weekend so today’s thought piece is a conversation, which Mining Network recorded last week week between veteran gold guru, Alasdair Macleod, and myself.

It’s heavyweight goldbug stuff. I hope you enjoy it.

You can watch it below, but I have also ripped the audio so you have the option to listen to that if you prefer to escape the clutch of your screens.

If you are thinking of buying gold to protect yourself in these uncertain times, I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, US, Canada and Europe or you can store your gold with them. More here.

I’ll be MCing this year’s Moneyweek Summit this coming Friday November 8th. Readers of the Flying Frisby can get a 20% discount by entering the code FRISBY20

And if you are interested in hearing more from Alasdair, he has a Substack too.

Beneath the Surface

The Endgame for Fiat? Currency, Credit, and the Case for Gold

Dominic Frisby

November 3, 2024 • 47 second read

fiat currencies gold

I am travelling this weekend so today’s thought piece is a conversation, which Mining Network recorded last week week between veteran gold guru, Alasdair Macleod, and myself.

It’s heavyweight goldbug stuff. I hope you enjoy it.

You can watch it below, but I have also ripped the audio so you have the option to listen to that if you prefer to escape the clutch of your screens.

I’ll be MCing this year’s Moneyweek Summit this coming Friday November 8th. Readers of the Flying Frisby can get a 20% discount by entering the code FRISBY20

And if you are interested in hearing more from Alasdair, he has a Substack too.

Gold Shivers, Wear A Coat

February 2, 2026 • Addison Wiggin

For months, speculation swirled like chimney smoke in a snowstorm. Would Trump tap a dove? A loyalist? A Wall Street man in a red hat? Warsh checks none of those boxes — and all of them.

He’s a former Fed governor, a Goldman alum, and a card-carrying skeptic of central bank omnipotence.

He’s said, “The Fed is not independent from government. It is independent within government,” which sounds like something out of a fortune cookie written by Hayek.

He doesn’t want the Fed playing God, and he’s not keen on printing money to mop up Congress’s mess. He believes in limits. In credibility. In consequences.

Insiders Ring the Bell, Again

February 2, 2026 • Addison Wiggin

Corporate insiders began ringing the cash register just as the S&P 500 touched 7,000. Given that the market is up over 40% from last April’s “Liberation Day” lows, a modicum of profit-taking is wise.

Hayek Heads to the Fed

January 30, 2026 • Addison Wiggin

Kevin Warsh, former Fed governor and one-time Morgan Stanley hand, is officially President Trump’s pick to replace Jerome Powell as Chairman of the Federal Reserve.

The choice is meant to be brazen, if not entirely unexpected. Despite having been nominated in his first go in the Oval Office, Trump has been gunning for Jerome Powell since Day One of his second term.

Now, Warsh, whose libertarian-leaning critique of the Fed has hovered like a drone over Jackson Hole for years, will succeed Powell should the Senate confirm him before May 15, 2026.

Silver Gets Hammered As Retail Piles In

January 30, 2026 • Addison Wiggin

The analysis we’ve published of the main drivers for gold applies to silver and bitcoin, too. The latter two, however, remain more speculative and gap down and spike up more dramatically.

If you’re leveraged to silver, whether through mining companies, ETFs, or the like, it may be prudent to take some profits off the table. And keep your eyes peeled for future moves upward.

Gold Shivers, Wear A Coat

February 2, 2026 • Addison Wiggin

For months, speculation swirled like chimney smoke in a snowstorm. Would Trump tap a dove? A loyalist? A Wall Street man in a red hat? Warsh checks none of those boxes — and all of them.

He’s a former Fed governor, a Goldman alum, and a card-carrying skeptic of central bank omnipotence.

He’s said, “The Fed is not independent from government. It is independent within government,” which sounds like something out of a fortune cookie written by Hayek.

He doesn’t want the Fed playing God, and he’s not keen on printing money to mop up Congress’s mess. He believes in limits. In credibility. In consequences.

Insiders Ring the Bell, Again

February 2, 2026 • Addison Wiggin

Hayek Heads to the Fed

January 30, 2026 • Addison Wiggin

Kevin Warsh, former Fed governor and one-time Morgan Stanley hand, is officially President Trump’s pick to replace Jerome Powell as Chairman of the Federal Reserve.

Now, Warsh, whose libertarian-leaning critique of the Fed has hovered like a drone over Jackson Hole for years, will succeed Powell should the Senate confirm him before May 15, 2026.

Silver Gets Hammered As Retail Piles In

January 30, 2026 • Addison Wiggin

The analysis we’ve published of the main drivers for gold applies to silver and bitcoin, too. The latter two, however, remain more speculative and gap down and spike up more dramatically.

If you’re leveraged to silver, whether through mining companies, ETFs, or the like, it may be prudent to take some profits off the table. And keep your eyes peeled for future moves upward.