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Ripple Effect

The Great Gold Run

Loading ...Addison Wiggin

October 13, 2025 • 1 minute, 8 second read


gold

The Great Gold Run

For all the thousands of hours reading, analyzing, talking and hand-wringing, buying and holding gold has been a better investment in the 21st century than stocks.

The comparison is not even close:

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Gold prices are up 10X century-to-date, about twice the total return of the S&P 500 (Source: Sherwood)

Of course, gold started the century undervalued. Great Britain sold off its gold holdings in 1999, sending the metal down $253 per ounce.

Today, in a world of increasingly volatile markets, the rise of too-big-to-fail institutions, and over 26 years of money printing, gold’s rise, priced in U.S. dollars, is just getting started.

As we’ve been forecasting, gold could rise significantly from here, simply to match changes in the money supply over the decades.

With the U.S. dollar going digital, entering a new regulatory phase, gold’s case looks better than ever.

~ Addison

P.S. Our latest research with Ian King regarding Dollar 2.0, which we filmed last Tuesday, will be released on October 16 in a special edition of Grey Swan Live!

Our work details the next leg of stablecoin development and which three companies we expect will dominate the new regulatory environment for the monetary system as digital assets go mainstream. Keep your eyes peeled this Thursday.

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


The Debasement Trade, A Legacy

November 7, 2025 • James Hickman

Real assets in general tend to hold their value during inflationary periods — because they’re not just paper promises. They’re tangible. They’re productive. They’re the raw inputs the economy is actually built on.

One of the most obvious opportunities right now — possibly the most mispriced sector in the entire market — is energy.

The world does not exist without energy. Full stop. People have been fed a ridiculous lie that oil is going to disappear and we’re all going to drive solar-powered EVs and Exxon is going to go out of business.

The Debasement Trade, A Legacy
Forward March, Dollar 2.0

November 7, 2025 • Addison Wiggin

In the U.S., stablecoin rules remain tangled between crypto exchanges eager for new customers and small banks afraid of losing deposits.

China’s Ant Group is filing trademarks for “Antcoin” while the Party debates whether digital dollars threaten national sovereignty. And in Singapore, StraitsX cofounder Samson Leo frets about regulatory fragmentation: “If every jurisdiction requires us to split reserves across their banking systems, customer protection will diminish.”

Stablecoins today are where email was when businesses still faxed each other printouts of their inbox goes an apt analogy suggested by Bloomberg’s Andy Mukherjee.

The rails are there — the habits aren’t. But the shift is coming. And when it does, it won’t just change how we pay — it’ll change who gets paid.

Forward March, Dollar 2.0
The Engels’ Pause Is Here

November 7, 2025 • Addison Wiggin

Anticipating a sluggish labor market, the Fed has cut rates twice this fall.

Unfortunately, you can’t fix a reorganization with cheaper money. AI will eat the easy tasks first, so the pain you see — pink slips — is only half the story. Those jobs will likely never return.

The Engels’ Pause Is Here
A Masterclass In Absurdity

November 6, 2025 • Lau Vegys

If you’re from New York—or know anyone there—you’ll probably agree: most New Yorkers are fed up with crime, the outrageous cost of living, government incompetence and corruption—and, yes, the rats.

But the fact that a hard-core socialist like Mamdani is their favorite pick to solve those problems tells you that most voters have no idea why any of it is happening.

Their hatred of Donald Trump—and a steady diet of MSNBC—has made them blind to the obvious: it’s the Left’s policies creating these problems. You have rent control shrinking supply by forcing landlords to pull units from the market, union giveaways jacking up the cost of transportation, zero-bail laws putting criminals back on the streets, and so on and so forth.

A Masterclass In Absurdity