What’s Been Taken From You

Here’s some unsettling data.

For the past century, America’s middle class has gotten progressively wealthier, and we enjoy many new technological breakthroughs that can make life easier. Or so you’d think if you believe government statistics.

In real terms, the middle class is actually in one of the poorest eras in the nation’s history:

Turn Your Images On

Since 1980, the U.S. government has been tinkering with its inflation calculations.

Did chicken prices soar? Assume customers switched to steak. Are fuel prices high? Make an adjustment for more comfortable cars than your old Buick Skylark.

And on and on and on. They use a technical term known as “hedonic price indexing” to adjust prices you pay.

Measured in gold – a reasonable benchmark against government statistics, “hedonic adjustments” – that sense of unease that you’re not as well off as you think is well, real.

Today, in fiat terms, gold prices are significantly undervalued.

And, it can protect your wealth from fiat’s drop over time… with less volatility than bitcoin.

~ Addison

WARNING:
“The 2025 Tech Meltdown”

(Why Are 21 Billionaires Moving Their Money ASAP?)

Under the surface of the U.S. financial system…

One of the biggest stock market events in 25 years is rapidly unfolding…

The economist who predicted the 2008 Financial Crisis says it will be: “The Biggest Crash of Our Lifetime.”

Starting August 27th — your favorite tech stocks like Nvidia, Apple, Microsoft, Google, and hundreds more could come crashing down…

Cutting the entire tech market by HALF – virtually overnight.

This is why the world’s financial elite are panic-selling stocks at the fastest rate in a decade.

To help you prepare…

Our guest expert is giving you his #1 stock to profit – 100% FREE.

P.S.: Looking for small-cap companies that are driven by fundamentals and not just retail sentiment? Join our Fraternity!

Each week, we explore more interesting investment ideas, often brought by our contributors and special guests.

For instance, in last week’s Grey Swan Live! with Chris Mayer, we explored some of Chris’s top investment ideas, including some of the best value plays in countries such as Sweden and Poland.

For U.S. investors, tread lightly – these companies can only be bought on the pink sheets, where volume is light and prices can swing wildly. But if you’re looking for value now, going overseas may be just the place to do it.

Meanwhile, you can also join our Portfolio Director Andrew Packer at the Rule Investment Symposium in Boca Raton on July 7-11, 2025. 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.)

Here’s some unsettling data.

In real terms, the middle class is actually in one of the poorest eras in the nation’s history:

Turn Your Images On

Since 1980, the U.S. government has been tinkering with its inflation calculations.

Did chicken prices soar? Assume customers switched to steak. Are fuel prices high? Make an adjustment for more comfortable cars than your old Buick Skylark.

And on and on and on. They use a technical term known as “hedonic price indexing” to adjust prices you pay.

Measured in gold – a reasonable benchmark against government statistics, “hedonic adjustments” – that sense of unease that you’re not as well off as you think is well, real.

Today, in fiat terms, gold prices are significantly undervalued.

And, it can protect your wealth from fiat’s drop over time… with less volatility than bitcoin.

~ Addison

WARNING:
“The 2025 Tech Meltdown”

(Why Are 21 Billionaires Moving Their Money ASAP?)

Under the surface of the U.S. financial system…

One of the biggest stock market events in 25 years is rapidly unfolding…

The economist who predicted the 2008 Financial Crisis says it will be: “The Biggest Crash of Our Lifetime.”

Starting August 27th — your favorite tech stocks like Nvidia, Apple, Microsoft, Google, and hundreds more could come crashing down…

Cutting the entire tech market by HALF – virtually overnight.

This is why the world’s financial elite are panic-selling stocks at the fastest rate in a decade.

To help you prepare…

Our guest expert is giving you his #1 stock to profit – 100% FREE.

P.S.: Looking for small-cap companies that are driven by fundamentals and not just retail sentiment? Join our Fraternity!

Each week, we explore more interesting investment ideas, often brought by our contributors and special guests.

For instance, in last week’s Grey Swan Live! with Chris Mayer, we explored some of Chris’s top investment ideas, including some of the best value plays in countries such as Sweden and Poland.

As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.)

With U.S. stocks trading at about 24 times forward earnings, plans for capital growth have to go off without a hitch. Given the billions of dollars in commitments by AI companies, financing to the hilt on debt, the most realistic outcome is a hitch.

On a valuation basis, global markets will likely show better returns than U.S. stocks in 2026.

America leads the world in innovation. A U.S. tech stock will naturally fetch a higher price than, say, a German brewery. But value matters, too.

As copper flowed into the United States, LME inventories thinned and backwardation steepened. Higher U.S. pricing, tariff protection, and lower political risk made American warehouses the most attractive destination for metal. Each new shipment strengthened the spread.

The arbitrage, once triggered, became self-reinforcing. Traders were not participating in theory; they were responding to the physical incentives in front of them.

The United States had quietly become the marginal buyer of the world’s most important industrial metal. China, long the gravitational center of global copper demand, found itself on the outside.

Under the frost-crusted shrubs, the bears are sniffing around for scraps of bloody meat.

They smell the subtle rot of credit stress, central-bank desperation, and debt that’s beginning to steam in the cold. They’re not charging — not yet. But they’re present. Watching. Testing the doors.

Retail investors, last in line, await the Fed’s final announcement of the year on Wednesday. Then the central planners of the world get their turn: the Bank of England, Bank of Japan, and the European Central Bank.

Treasuries just suffered their worst week since June. And in Japan — the quiet godfather of global liquidity — something fundamental is breaking.

Silver continues its blistering ascent. Gold and bitcoin have settled in at $4,200 and $92,000, respectively.

It’s absurd, really, for any politician to be talking about “affordability.”

The data is clear. If higher prices are your goal, let the government “fix” them.

Mandates, paperwork, and busybodies telling you what you can and can’t do – it’s not a surprise why costs add up.

In contrast, if you want lower prices, do nothing– zilch. Let the market work.