Getting a grip on gold
THE RUSH to invest in gold that sent the gold price soaring during 2024 has continued in the opening months of 2025. Plenty of new milestones have been marked: the $2,900 per troy ounce barrier for the first time in February, and the $3,000 threshold in March and hitting $3,173 at the time of writing. Geopolitical turbulence and international trade uncertainty, provoked further by Trump’s tariff revolution, is keeping gold in the spotlight.
The prospect of currency failures and the US economy’s serious long term economic troubles may be why President Trump has committed to auditing Fort Knox to see if US gold is really in there. Many think it is not. Possibly in anticipation of this audit( it hasn’t been for many years) there have been the extraordinary movements of gold to the USA. Some might be ‘leased out’, some stolen. Trump has a dilemma: if he says it is still there, will anyone believe him? If he says it is stolen, will it cause financial mayhem? Amidst all these uncertainties, people are talking about a US gold ‘revaluation’ including Taylor Penny in this ITM trading podcast. Broadcast a couple of months ago, it is still relevant. President Donald Trump‘s proposed zero tax agenda got a boost on Thursday when House Republicans cleared the way to make Trump’s 2017 tax cuts permanent and to eliminating taxes on tipped wages and overtime pay).
Alisdair Macleod describes here how a gold ‘whale’ (someone with immense buying power, possibly a nation) manages to take delivery from Comex of gold bullion, and explains how this is driving gold upwards in value more quickly than was predicted.
Is gold the safest asset you can hold as we enter very troubled times? YouTube Channel Maneco64 opines that it is, and that Treasury bonds and USD are some of the most dangerous assets you can hold right now, as they are paper money. With gold, there is no counterparty risk.
Lena Petrova talks to Ryan McMaken about the gold reserves held in Fort Knox, as well as possible gold revaluation and Bitcoin reserves. The biggest question they ponder is whether gold be used to repay the $37trillion US national debt?
In a second broadcast just two weeks ago, Taylor Penny talks about just how bad the US economy is. Moody’s have downgraded the US but the real story may be much worse. Americans are using DoorDash, a kind of Uber Eats ‘buy now, pay later’ fast food delivery, and spreading the payment – just one example of debt upon debt which bodes ill for the US economy.
Another worried lady is Lena Petrova who explains here how the combination of inflation and a stagnating economy (stagflation) means that US GDP is projected to slow down, while unemployment will rise. She believes long term economic pain in the USA is very likely.
Rafi Farber also focusses on warning signs of the coming financial crisis as well as what is happening with gold. Money is still being printed while consumer prices rise. Farber raises concerns over Comex’s ability to stand for delivery. He highlights some suspicious activity on Comex, which might be an attempt to manipulate the market.
Michael Oliver takes us through the precious metals markets, the Trump 6 day tariff war and who is ‘playing’ with gold. The volatility of the Gold market, which is normally quite placid and steady, shows that some people are beginning to panic. Additionally he says there are signs of a weakening USD.
Finally another update and different view on gold revaluation and Government insolvency. Rick Rule discuses why Gold is so important and what a revaluation means. He discusses what happens if the USD falls.
Jim Rickards discusses how Russia and BRICS countries might be about to change gold and silver prices. He explains how countries are taking a position to hedge against possible sanctions, and how the main buyers of gold are major financial institutions. They are also worried about a sudden devaluation of the USD.
Finally for some tariff reality John Leake brings us down to earth with the cost of a German car in Europe compared with its pre tariff price in the USA. Yes, a new Mercedes Benz made a few hundred miles from Vienna in the same EU zone costs $38,000 more than it does in the United States. Iy makes the EU wailing about Trump’s tariffs look very foolish.
Back to politics
Now to a great Redacted interview with Christine Anderson, the AfD MEP. (Anderson’s become a household name since delivering her excoriating speech at the European Parliament about Canadian Prime Minister Trudeau – a disgrace to any democracy for his authoritarian-esque actions against truckers opposing forced vaccinations.
Here, she reacts scathingly to the EU’s ‘coalition of the willing’ ready (or not, as the case may be) to defend Ukraine. This is lunacy. A ‘coalition of the willing’ must be one that is capable. Who in their right mind wants to defend a country which you’ve been taught for decades to hate? The EU expects Putin to negotiate when he is winning. Anderson explains that the fear of Russia is deeply rooted, which is why the narrative of Russia’s invasion actually works. Europe, she says, is collapsing on purpose. Who is behind this? What is the goal? She believes it is to erect a totalitarian collective government.
Alex Christoforou’s up date on Zelensky’s rejection of the US mineral deal of two weeks ago is worth the watch if you missed it. He ‘rinses’ the Ukrainian Leader who said the money was not a loan but given by the Biden administration – not a debt – and thanked the American people for giving this money to Ukraine, though he does not expect any more free money from the USA. Now 100 per cent sided with the Europeans brought a blast from Medvedev of Russia which this report brings you too.
Times of India has reported on Le Pen’s fiery response to the lawfare against her. Though the translation is a little iffy, it is still worth a listen; her rhetoric is as passionate as ever: While the Left celebrates, she is now genuinely defending democracy. You cannot prevent a candidate who is the favourite from running in the election. Millions are now deprived of their favourite candidate. She will fight it; she vehemently denies the charges.
Trump, Meloni, Salvini, Orban and Peskov have all come out to condemn the charges against her as a destruction of democracy. When the lifeline is held by your political opponent, things get problematic. Macron is damned if he does and damned if he does not. This video sums up in subtitles the international opprobrium of world leaders denouncing the verdict.
And finally, back to the UK
Rupert Lowe says sorry. Sorry that the inquiry into the rape gangs was promised by Reform but has not happened. He is now going to make it happen. Dan Wootton interviews Connor Tomlinson follows Rupert’s announcement.
Since this report Rupert Lowe has raised an amazing £500,000 for this national inquiry through his crowd funder.
