Gold’s surge over the past year isn’t signaling the start of a new golden age — it’s warning of a looming fiscal and currency crisis as governments and central banks lose control.
Good article Jesse, as a Canadian, I am concerned about what will happen to the Canadian dollar and economy in a currency crisis given that the country has no gold.
I believe Canada should begin rebuilding its gold reserves—even at current prices—because, while gold is higher than in the past, it's still undervalued relative to what I anticipate lies ahead.
While we may have little control over our governments, we can take action at the individual level by preparing—investing in gold, silver, mining stocks, rural land for homesteading, and similar assets.
I agree with you Jesse. I just wonder what will happen in a currency or debt collapse. I have no idea what to expect. It won’t be good. I’m not concerned personally as I have been expecting this for years and have invested accordingly. I’m surprised it has gone on so long.
I appreciate your perspective, and encouragement to stick with, and add to my precious metals positions. A position I have had in PHYS for about 3 years is up 64%, now 18 % of one portfolio. I’m 37% in physical metals, and miner. My advisor thinks I’m crazy, but I’ve been through 2011, and saw silver miners explode. What is going on similar, so I still building my metals positions. I’m in my seventh decade, so this may be my last chance to participate, and I don’t want to miss it. Thank you for helping me avoid the noise. Occasionally I try to tell friends what I believe is happening, and unfortunately few, if any of them understand.
True - it's been playing out over a long period of time, but I expect it to accelerate with the coming financial reset/failure of the fiat money regime.
For a number of years, I bought into the free trade propaganda and was on the Austrian side of the Austrian-MMT false dichotomy. After learning what Hamiltonian/American system results were, and how the Anglo-American establishment has always sought to undermine it, I can never go back.
If you ever want to delve into the American system—history, Russian angle including Glazyev today, philosophical underpinnings in Leibniz and Natural Law, LaRouche, etc.—author/journo/historian/Renaissance type dude Matt Ehret here on Substack is a great resource.
That's my view as well. Much of the criticism directed at free trade, in my opinion, stems not from the concept itself but from the consequences of the U.S. dollar being decoupled from gold in 1971.
That shift contributed to soaring U.S. living costs and labor costs, which in turn eroded the global competitiveness of U.S. manufacturing and accelerated de-industrialization.
Free trade is very beneficial, but it must be paired with sound monetary policy to truly work as intended.
Nobody wants to be holding USD when the music stops.
USD will be the best looking horse in the glue factory. To carry on the analogy, the horse has bolted and the shutting of the stable door is pointless.
The only way out of the Fiat Fiasco, is Gold Revaluation which will come by H2/2026 IMHO.
As a new precious metals investor, I am really encouraged by these articles. My worries are if/when the new regime decides to follow Roosevelt and take everyone’s gold and silver to better the “economy”. What is considered safe ?? I heard the pre 1933 coins ? Rare coins ? Is there anything at this day of age safe from the government where it would not be advantageous for them to take ?? I would love to hear your thoughts ! Thanks !!
Good article Jesse, as a Canadian, I am concerned about what will happen to the Canadian dollar and economy in a currency crisis given that the country has no gold.
Thanks, Michael! Yes, I understand—it's a valid concern.
Canada sold its gold in a manner similar to the UK's Gordon Brown in 1999, just before the secular bull market began.
Jesse, My concern is not the past. What’s done is done but I am looking for insights about the possible future.
I believe Canada should begin rebuilding its gold reserves—even at current prices—because, while gold is higher than in the past, it's still undervalued relative to what I anticipate lies ahead.
While we may have little control over our governments, we can take action at the individual level by preparing—investing in gold, silver, mining stocks, rural land for homesteading, and similar assets.
I agree with you Jesse. I just wonder what will happen in a currency or debt collapse. I have no idea what to expect. It won’t be good. I’m not concerned personally as I have been expecting this for years and have invested accordingly. I’m surprised it has gone on so long.
I appreciate your perspective, and encouragement to stick with, and add to my precious metals positions. A position I have had in PHYS for about 3 years is up 64%, now 18 % of one portfolio. I’m 37% in physical metals, and miner. My advisor thinks I’m crazy, but I’ve been through 2011, and saw silver miners explode. What is going on similar, so I still building my metals positions. I’m in my seventh decade, so this may be my last chance to participate, and I don’t want to miss it. Thank you for helping me avoid the noise. Occasionally I try to tell friends what I believe is happening, and unfortunately few, if any of them understand.
Congrats! I'm glad to hear you're doing well.
I know the feeling. We're definitely in the minority in the investment world, but there's a method to our madness!
Loosing control....?...are you kidding me...))
Gold used to be..35$ oz..in 1971...
Very soon it will..pass 3500 $ oz...and ACcelerate....
When..?...did they loose control..?
All this in my generation.
( and the Us Dollar...has been the..strongest f.i.a.t currency of them all ) !!
True - it's been playing out over a long period of time, but I expect it to accelerate with the coming financial reset/failure of the fiat money regime.
jesse, please explain that all tariffs are rat poison to libertarians. there is no such thing as a
"good tariff". NEITHER SIDE PROFITS FROM ANY TARIFF. both sides lose. they are anti-free
trade. they destroy the free market- the "invisible hand" of fair pricing. trump has the brain
dead sheeple thinking we will "profit" from tariffs. exactly the opposite. we will have supply
chain issues, shortages, and empty shelves, and EXTREME inflation. trump has the great un-
washed masses thinking we will take money from someone else's wallet and put it into our
own wallets. no, we won't! the destruction of our economy will actually accelerate dramat-
ically. ALL TARIFFS ARE RAT POISON. period. trump is trying his best to destroy america
and the stupid sheeple clap and cheer their own destruction. the Everything Bubble will
burst before Christmas- it is bursting as you read this. got silver? are you prepped?
For a number of years, I bought into the free trade propaganda and was on the Austrian side of the Austrian-MMT false dichotomy. After learning what Hamiltonian/American system results were, and how the Anglo-American establishment has always sought to undermine it, I can never go back.
https://www.zerohedge.com/political/american-system-made-america-great
Thank you - I'll take a look at that article.
If you ever want to delve into the American system—history, Russian angle including Glazyev today, philosophical underpinnings in Leibniz and Natural Law, LaRouche, etc.—author/journo/historian/Renaissance type dude Matt Ehret here on Substack is a great resource.
Also, Nancy S. here: https://americansystemnow.com/
INTP Nirvana.
hi jesse,
i sent you my Serious Prepping article to 72296. will you get
that, or is is some kind of substack office?
thanks, roger
That's my view as well. Much of the criticism directed at free trade, in my opinion, stems not from the concept itself but from the consequences of the U.S. dollar being decoupled from gold in 1971.
That shift contributed to soaring U.S. living costs and labor costs, which in turn eroded the global competitiveness of U.S. manufacturing and accelerated de-industrialization.
Free trade is very beneficial, but it must be paired with sound monetary policy to truly work as intended.
A race to the bottom.
Nobody wants to be holding USD when the music stops.
USD will be the best looking horse in the glue factory. To carry on the analogy, the horse has bolted and the shutting of the stable door is pointless.
The only way out of the Fiat Fiasco, is Gold Revaluation which will come by H2/2026 IMHO.
Lowercosta.com
Exactly - all fiat currencies are losing value against gold, as I wrote here:
https://thebubblebubble.substack.com/p/gold-isnt-going-upyour-money-is-just
Great article jesse !
As a new precious metals investor, I am really encouraged by these articles. My worries are if/when the new regime decides to follow Roosevelt and take everyone’s gold and silver to better the “economy”. What is considered safe ?? I heard the pre 1933 coins ? Rare coins ? Is there anything at this day of age safe from the government where it would not be advantageous for them to take ?? I would love to hear your thoughts ! Thanks !!