We face the end of the fiat currency era, which involves credit and currency destruction. No one should think that it’s a slam dunk for gold and silver traders — but it is for stackers.
Well said. Completely irrelevant for investors rather than traders, but it's interesting to follow the footprints which are currently everywhere.
It's obvious the bullion banks are using the US shutdown to have some fun and square a few circles after this little post on cftc.gov.
"CFTC has curtailed its operations until additional appropriations are enacted."
Additionally the market in America has grossly overrated expectations of what may come out of the coming US-China trade talks in South Korea.
For some reason there is intense optimism that President Xi will throw in the towel, accommodate any US position and therefore drive a wedge into the BRICS alliance. That's just crazy talk.
If anything I wouldn't be surprised to find a bullion bank or banks acting for the Chinese or Indians to sit on spot prices of gold and silver because the endgame for the dollar is damned soon now. This may be the last opportunity to hoover up as much metal as possible while the 'regulator' is on a long holiday courtesy of Congress.
If anyone is investing in anything and they dont run charting software, then, that’s driving blind. Pull a chart our gold and 🔺ADD 200 day moving average. You can see gold was recently more extended above that line at almost anytime in history. Greed is bled out either by 1) a sharp correction 2) a sideways bull flag pattern (as we saw from April 2025). 1 is better as it gets me back in the game faster if I want to ADD to gold, or RE-LOAD ON MINING STOCKS…BUYING THEM BACK AT LOWER PRICES. Junior Silver mining stocks will be my go-to if sliver gets whacked in this correction. I save in gold - speculate in mining stocks. For the most part I just buy the ETF’s.
Your binary question is not applicable to me. I have explained that I SAVE IN GOLD as its were I STORE wealth. I trade mining stocks in a bull market as they produce gains/losses typically 300-400% leverage to the metal - both UP & DOWN. I also occasionally SHORT mining stocks that get whacked in a downturn. Pull a chart of GDXJ & Gold over 2 years and look at the result.
How many times have I used the word “trading”? You are real quick then? 😆
I have also used to the word ADD. ADDING to a position (if that’s what one wants to do) is ideal when the price falls. You seem to struggle with a few basic sentences and very basic investing.
Yeah - maybe. For me, I understand it as swapping credit for real money whenever enough credit has been saved to make the exchange. Not selling the real money unless or until needed to pay for big bills like a new car, etc. That is why I don't trust (not talking about you) people who say - "yeah I can buy the dip now "- or "I just loaded up on this dip" - such people were holding onto credit? - no I don't believe such people at all. Maybe they missed the big move from 2 grand to 4 grand and just are getting in now. Trading - no I don't need that stress and shite in my life - I get enough of this from women LOL.
Buy and hold. Gold and silver is not about profit but about protecting what you already have. Precious metals are a "hedge" against the thief, which is government debasing the currency.
We live in interesting times, as the Chinese are wont to say. It is not only a predatory financial system to protect yourself against but also the rise of socialists who will come to square the books and make everything fair.
Sorry, Alasdair, central banks don't sell fiat currencies for gold! They create currency ex nihilo by a book entry to the seller's account (resp. his bank). They exchange nothing for everything! The ultimate scam.
Indeed, but central banks outside the West have been selling down USD denominated treasury notes and bonds which they considered reserves on their balance sheets and used the proceeds to purchase gold in US dollars. That's why the price kept relentlessly rising without much institutional buying and next to nothing at retail. While the CFTC is on holiday it's giving them a chance to create their own closeout sale.
The BRICS+ can and will keep liquidating USD T-bonds until Western markets wake up and realise the Chinese have already begun their distributed gold vaulting program to settle regional current account imbalances in yuan or by delivery of physical metal.
Fiat is losing purchasing power, gold and to a lesser extent, silver, are real money. Stacking is wise. But I am back to the question of prudent diversification given that we can count on the powers that be to screw us whenever they like, which seems to be always. Warren Buffett recently warned people away from bonds stating that in the current financial climate they’re guaranteed to eat away at one’s investment over time. That was news and further narrows the investment field. PMs, fiat for everyday expenses, and “good businesses” (Buffett) sounds prudent but in a fiat collapse what happens to good businesses? Will they be tied to some kind of crypto or stable coins rather than PMs?
In my experience of buying PM, i have come to the conclusion that market dont care what i want. And as long there are no loss confidence in fiat then the price will sometime go down because of traders. In a world of stackers the price will never go down even when the plunge team act because even when the spot is down the premium will be up.
Much respect, Alisdair, for your wisdom. That said, I have a question. Do you consider 'options' leverage? I love options. I trade options. But it's my money. Nothing's borrowed. All losses are my losses, not someone else's. When I have a macro-conviction that gold and silver are going higher in the next two to three quarters, I purchase options four quarters out. Even when there's a 20% correction due to bankster fraud using futures, legacy media articles ('There's no value in metals!'), and other noise, I simply remain calm, roll over options when there's a bid, and when I cross the line within four months of expiration. Using this approach, though I go down very quickly in weeks like this last one, I go up even faster. My conviction is real, my leverage is nil, and I ignore the shill. Trading options on silver during a bull run is not for the 'faint of heart,' but it definitely will give someone a head start for overcoming the fiat decline. Thoughts?
Will "They" let fiat die? Will "They" create substitute fiat's that make fiat asymptotic to zero forever? Probably the later and we, currently living, will never see the death of fiat. Therefore, it is best to stack as insurance against sudden fiat death, but overall it is best to try to live a life as close to normal and satisfying as possible.
Years ago a well known investment advisor, I can’t remember who, said that a good rule of thumb was to keep at least ten percent of your investable wealth in gold. It’s insurance. I took his advice and sleep better at night.
Thanks Alasdair for the timely reminder and reassurance. We all needed this right now!
Well said. Completely irrelevant for investors rather than traders, but it's interesting to follow the footprints which are currently everywhere.
It's obvious the bullion banks are using the US shutdown to have some fun and square a few circles after this little post on cftc.gov.
"CFTC has curtailed its operations until additional appropriations are enacted."
Additionally the market in America has grossly overrated expectations of what may come out of the coming US-China trade talks in South Korea.
For some reason there is intense optimism that President Xi will throw in the towel, accommodate any US position and therefore drive a wedge into the BRICS alliance. That's just crazy talk.
If anything I wouldn't be surprised to find a bullion bank or banks acting for the Chinese or Indians to sit on spot prices of gold and silver because the endgame for the dollar is damned soon now. This may be the last opportunity to hoover up as much metal as possible while the 'regulator' is on a long holiday courtesy of Congress.
“Sun Tzu versus the Art of the Deal” (Alasdair). You gotta laugh at the US spin.
If anyone is investing in anything and they dont run charting software, then, that’s driving blind. Pull a chart our gold and 🔺ADD 200 day moving average. You can see gold was recently more extended above that line at almost anytime in history. Greed is bled out either by 1) a sharp correction 2) a sideways bull flag pattern (as we saw from April 2025). 1 is better as it gets me back in the game faster if I want to ADD to gold, or RE-LOAD ON MINING STOCKS…BUYING THEM BACK AT LOWER PRICES. Junior Silver mining stocks will be my go-to if sliver gets whacked in this correction. I save in gold - speculate in mining stocks. For the most part I just buy the ETF’s.
So you are trading and not stacking.
Your binary question is not applicable to me. I have explained that I SAVE IN GOLD as its were I STORE wealth. I trade mining stocks in a bull market as they produce gains/losses typically 300-400% leverage to the metal - both UP & DOWN. I also occasionally SHORT mining stocks that get whacked in a downturn. Pull a chart of GDXJ & Gold over 2 years and look at the result.
"is better as it gets me back in the game faster if I want to ADD to gold"
No disrespect, but out of the game and back into the game sounded like trading to me.
How many times have I used the word “trading”? You are real quick then? 😆
I have also used to the word ADD. ADDING to a position (if that’s what one wants to do) is ideal when the price falls. You seem to struggle with a few basic sentences and very basic investing.
ADD presupposes having something to add dumbfuck.
American - confirmed.
“Stacking”. Sounds like an Americanism to me. What does it mean exactly?
Yeah - maybe. For me, I understand it as swapping credit for real money whenever enough credit has been saved to make the exchange. Not selling the real money unless or until needed to pay for big bills like a new car, etc. That is why I don't trust (not talking about you) people who say - "yeah I can buy the dip now "- or "I just loaded up on this dip" - such people were holding onto credit? - no I don't believe such people at all. Maybe they missed the big move from 2 grand to 4 grand and just are getting in now. Trading - no I don't need that stress and shite in my life - I get enough of this from women LOL.
Buy and hold. Gold and silver is not about profit but about protecting what you already have. Precious metals are a "hedge" against the thief, which is government debasing the currency.
“Buying gold or silver is not about making profit”
I dont know what drugs you are on…but I want some .
We live in interesting times, as the Chinese are wont to say. It is not only a predatory financial system to protect yourself against but also the rise of socialists who will come to square the books and make everything fair.
(For themselves that is. Not for you!)
Thank you Alasdair.
Sorry, Alasdair, central banks don't sell fiat currencies for gold! They create currency ex nihilo by a book entry to the seller's account (resp. his bank). They exchange nothing for everything! The ultimate scam.
Indeed, but central banks outside the West have been selling down USD denominated treasury notes and bonds which they considered reserves on their balance sheets and used the proceeds to purchase gold in US dollars. That's why the price kept relentlessly rising without much institutional buying and next to nothing at retail. While the CFTC is on holiday it's giving them a chance to create their own closeout sale.
The BRICS+ can and will keep liquidating USD T-bonds until Western markets wake up and realise the Chinese have already begun their distributed gold vaulting program to settle regional current account imbalances in yuan or by delivery of physical metal.
Buy silver with paper while you still can!
Also Good info: https://substack.com/@goldedgereport/note/c-170610054?utm_source=notes-share-action&r=1ny8xp
Great comments. Bravo Zulu !!
Fiat is losing purchasing power, gold and to a lesser extent, silver, are real money. Stacking is wise. But I am back to the question of prudent diversification given that we can count on the powers that be to screw us whenever they like, which seems to be always. Warren Buffett recently warned people away from bonds stating that in the current financial climate they’re guaranteed to eat away at one’s investment over time. That was news and further narrows the investment field. PMs, fiat for everyday expenses, and “good businesses” (Buffett) sounds prudent but in a fiat collapse what happens to good businesses? Will they be tied to some kind of crypto or stable coins rather than PMs?
I fear that a collapse of fiat will be very bad. Read what happened to the common man in 1921-23 Germany. It’s not for the squeamish.
In my experience of buying PM, i have come to the conclusion that market dont care what i want. And as long there are no loss confidence in fiat then the price will sometime go down because of traders. In a world of stackers the price will never go down even when the plunge team act because even when the spot is down the premium will be up.
You were right Mr. Macleod. I learned my lesson after getting thrashed in mining stocks. Only physical from now on .
Much respect, Alisdair, for your wisdom. That said, I have a question. Do you consider 'options' leverage? I love options. I trade options. But it's my money. Nothing's borrowed. All losses are my losses, not someone else's. When I have a macro-conviction that gold and silver are going higher in the next two to three quarters, I purchase options four quarters out. Even when there's a 20% correction due to bankster fraud using futures, legacy media articles ('There's no value in metals!'), and other noise, I simply remain calm, roll over options when there's a bid, and when I cross the line within four months of expiration. Using this approach, though I go down very quickly in weeks like this last one, I go up even faster. My conviction is real, my leverage is nil, and I ignore the shill. Trading options on silver during a bull run is not for the 'faint of heart,' but it definitely will give someone a head start for overcoming the fiat decline. Thoughts?
Will "They" let fiat die? Will "They" create substitute fiat's that make fiat asymptotic to zero forever? Probably the later and we, currently living, will never see the death of fiat. Therefore, it is best to stack as insurance against sudden fiat death, but overall it is best to try to live a life as close to normal and satisfying as possible.
Isn't there a point when the stacking of external gold gets completed and the focus shifts to the internal gold?
Years ago a well known investment advisor, I can’t remember who, said that a good rule of thumb was to keep at least ten percent of your investable wealth in gold. It’s insurance. I took his advice and sleep better at night.
By chance I saw a video with Jim Rickards about 5 years ago where he gave exactly that advice.