“Some people reckon that only 15% of the gold in California has been found.” On “The Intelligence” @arynbraun joins the next generation of panners and prospectors https://t.co/cGODpBuW3y https://t.co/Uu3UvYmejc ...

The stock market is following a predictable pattern, climbing a “Wall Of Worry” as it moves into more dangerous terrain. On many metrics, we are at dangerous levels of valuation as the few monsters that dominate market directionThe author has an honours degree in economics and politics with a focus on economic development. With 36 years of experience in executive management he has extensive knowledge of insurance/reinsurance, Global and Asia Pacific markets, climate change and ESG. He invests in his persona ...

RT Gareth Jenkinson (@gazza_jenks)So, @saifedean recently released 'The Gold Standard', his newest book.Has the author of The Bitcoin Standard become a Gold bug 🪙🪲?Here's the story of how Dr Saifedean Ammous discovered Bitcoin and what his latest 📙 is all about 👇Full video in the thread 🧵 https://t.co/zWdvjeAKtd ...

Core Insights - Harvard University significantly increased its Bitcoin ETF holdings by 257% in Q3, making it the largest disclosed position with $442.8 million as of September 30 [1][2] - The university also raised its gold ETF holdings by 99% to $235 million, maintaining a 2-to-1 allocation ratio of Bitcoin to gold [1] - The $443 million Bitcoin position constitutes approximately 0.75% of Harvard's $57 billion endowment, placing it among the top 20 largest holders of the BlackRock-managed fund [2] Market Timing and Impact - Harvard's Bitcoin accumulation occurred just before a market correction, with Bitcoin's value dropping over 20% from $114,000 to around $92,000 since the end of Q3 [3] - This timing could result in a potential 14% loss on its Q3 Bitcoin purchases, translating to an $89 million paper loss if shares were bought at July's low point [3] Performance Comparison - Despite the losses, they represent a small fraction of Harvard's endowment, which has lagged behind some Ivy League peers in annualized returns over the past decade [4] - For the year ending June 30, Harvard reported an 11.9% gain, trailing behind MIT's 14.8% and Stanford's 14.3% [4] Institutional Perspectives - The substantial Bitcoin allocation by Harvard contrasts with earlier skepticism from its economics faculty regarding Bitcoin's long-term value [5] - Kenneth Rogoff, a Harvard professor, previously predicted that Bitcoin would likely trade at $100 rather than $100,000 within a decade, citing concerns over its transaction uses if money laundering and tax evasion were curtailed [6]

2023: best trade was crypto comeback2024: best trade was ai + tech2025: best trade was gold+silver2026/2027: ? ...

Economic Outlook & Monetary Policy - The Fed's shift towards easier monetary policy, including ending quantitative tightening and leaning towards lower interest rates, is expected to inject liquidity into markets, potentially driving up asset prices [1] - The current GDP growth of approximately 4% is considered strong, comparable to Asian economies, while job weakness is attributed to foreign-born workers returning home, with American worker numbers remaining solid [1] - The Fed's actions are often perceived as benefiting Wall Street, creating a reverse Robin Hood effect where economic crises benefit the wealthy who own assets [3] - The Fed aims for a 2-3% inflation rate to avoid upsetting voters and facing potential congressional intervention, limiting its ability to print excessive amounts of money [2] AI & Technology - AI is currently in a bubble phase, similar to the dot-com era, with potential for further growth due to easy money funding new technologies [1] - AI is not primarily impacting blue-collar jobs but rather white-collar cubicle workers in IT, customer service, accounting, and HR [6] - The AI bubble is still in its early stages, focusing on semiconductor companies like Nvidia and Taiwan Semiconductor, with the "stupidity" phase of malinvestments yet to come [5] Immigration & Labor Market - Mass deportations historically lead to 5 to 10 times more people leaving than are actually deported [4] - Immigration does not necessarily solve labor shortages but rearranges wages, potentially crashing wages for low-skilled Americans while raising demand for skilled workers [4] - Removing immigrants can raise wages for low-income individuals and lower wages for high-skilled individuals, with an unclear overall impact on inflation but a reduction in headline GDP [4] Investment Strategies & Asset Bubbles - The big trade right now is AI, which is considered to be in a bubble, but it may have a few years left to run [5] - Gold and silver are driven by liquidity and the debasement trade, betting on a future crisis due to a lack of structural reforms on budget deficits [5] - Bitcoin's momentum is being affected by AI, as speculators are shifting their focus, but its debasement argument remains strong [5] Social & Political Commentary - Communism resonates most with elite kids who are losing status, driven by factors like deportations and the impact of AI on white-collar jobs [6] - Government interference often leads to negative consequences, and the battle between freedom and socialism is a constant one [13][14] - UBI may disincentivize work and reinforce poverty, potentially becoming politically appealing during the next recession due to AI-related job losses [7][8][9][10][11][12]

RT Nick Szabo (@NickSzabo4)@Greg73018391 @DavidBCollum Save in bitcoin or gold and you will need dramamine now. Save for your future in fiat and you will need anti-depressants for the rest of your life. ...

CZ pulls out a gold bar to debate 'Godfather of Gold' Peter Schiff: Which asset is the right wealth for the 21st century?At the Binance Blockchain Week on December 3rd, Binance founder CZ and "Gold Standard Bearer" Peter Schiff debated "Bitcoin vs. Tokenized Gold."CZ argued that tokenized gold's transferability is superior to physical gold. To prove his point, CZ dramatically produced a one-kilogram physical gold bar on stage, challenging Schiff on its authenticity and ease of transport. CZ concluded that a ...

Tether's Gold Strategy - Tether's Q3 2025 attestation reveals approximately $129 billion in precious metals, with gold alone accounting for roughly 7% of the balance sheet backing USDT [1] - As of September 30th, Tether held an estimated 116 tons of physical gold, valued at around $14 billion, rivaling the reserves of some smaller central banks [1] - During Q3 2025, Tether acquired approximately 24 tons of gold, equivalent to roughly 2% of total global demand and around 12% of known official sector purchases for the quarter [1] - Approximately 12 tons of the 116 tons of gold are allocated to Tether Gold (XAUT), the company's tokenized gold product, while the remaining 104 tons are part of USDT reserves [1] - Tether has invested roughly $300 million into gold royalty and streaming companies, securing future bullion flow and metal-linked income [2] Tether Gold (XAUT) - One XAUT equals one fine Troy ounce of physical gold stored in Swiss vaults, issued by TG Commodities under El Salvador's digital asset rules [1] - The circulating supply of XAUT has increased by 39% from 375,000 in Q3 2025 to 522,000, contributing to the tokenized gold sector's market cap of approximately $41 billion [1][12] - Tether views XAUT as a working example of issuing Real World Assets (RWAs) on-chain at a billion-dollar scale, potentially paving the way for other tokenized commodities and financial assets [2] Market Impact and Risks - S&P Global downgraded USDT's score due to concerns about the increasing proportion (24%) of reserves in higher-risk holdings like BTC and gold [2] - Tether's gold holdings and investments create a structural demand that could support gold prices, but also entangle gold's safe-haven status with crypto volatility [5][6] - The increasing weight of gold in USDT's reserves wires crypto liquidity into the precious metals market, potentially blurring the lines between cash-like stablecoins and investment products [9][10]

This is going to be an interesting chart to watch in the final weeks of the year.I think it's done.I don't think there's much more upside for the coming 1-3 years for Gold.Not much upside I mean: not again 30-60% rallies in a year, perhaps we can hit $4,500-4,700, but that should be it.I think it's about to reverse, and that's probably all depending on the fact that the FOMC will have their meeting and the BoJ will decide on rate hikes.If Gold has anything between a 30-50% correction, that's when I'm gettin ...