Ripple Effect
Why You’ll Embrace the “Terrifying Bull Market”
August 15, 2025 • 1 minute, 41 second read
What’s happened over the last 30 years?
Big picture? Assets go up, and the purchasing power of the dollar goes down.
Gold has just edged out stocks over the last 25 years – century to date. Going back a little further, to gold’s cyclical bottom in the late 1990s, stocks have a slight edge:
Financial markets are far from a perfect safe-haven from inflation, but they’re easy for investors to get in and out of. (Source: X/Twitter)
What has happened over the past 30 years could now happen again – this time over 30 months. Or even less.
That’s the power of what Grey Swan’s Mark Jeftovic warns will be, “the most terrifying bull market” in history. One where investors jump into stocks at any price and valuation, in the hope that it will escape the clutches of inflation.
Chances are, it won’t fully protect you – but as we can see, it will provide some insulation. And stocks remain the most liquid game in town – it’s a faster place to move your money to compared to real estate or grabbing cash and running to your local coin dealer.
But with today’s sky-high valuations and high market concentration in big-cap tech stocks, investors will want to look for better opportunities that can come out ahead should the path to destroy the dollar accelerates.
~ Addison
P.S. This is yet another reason why we see gold prices soaring even higher – potentially into the five-digit range, in the years ahead. Gold’s fundamentals are strong – but what’s even more important is the structural weakness now baked into the dollar by decades of deficits.
We’ll be digging into both sides of that equation — plus our latest research — in this week’s special session of Grey Swan Live! today, Friday, August 15, 2025… exactly 54 years since Nixon “closed the gold window.”Members will get the sneak peek before anyone else.
As always, your reader feedback is welcome: feedback@greyswanfraternity.
