Group 1: Gold and Dollarization - Central banks now hold 27% of their reserves in gold, surpassing US Treasury holdings, indicating a strong trend of dollarization that has been ongoing for over five years [2][4] - The debasement trade has gained momentum, particularly during the government shutdown, with ETFs seeing inflows of 110 tons recently [2][3] - Investors are diversifying their portfolios away from tight credit spreads in fixed income and stretched equity markets, leading to increased interest in metals including gold, copper, silver, and platinum [3][5] Group 2: Copper and Industrial Metals - Copper has seen a nearly 25% increase year-to-date, driven by long-term underinvestment and unexpected demand surges from AI data centers and defense-related needs [7][8] - Major copper mines are facing supply issues, resulting in a loss of approximately 500,000 tons, contributing to a market deficit and potential for further price increases [8][9] - The term "copper is the new oil" reflects its strategic importance in global electrification efforts, highlighting the critical role of copper in future energy transitions [8] Group 3: Crude Oil Market Dynamics - Crude oil has been under pressure due to an anticipated supply glut, yet this has not affected physical market prices, which remain stable [10][11] - The current backwardation in crude oil prices and high refining margins suggest that the market is not responding to the expected supply wave, as consumers are likely to utilize the oil rather than store it [11][12] - Despite concerns about a large influx of supply, crude oil prices remain around $65 to $66 per barrel, indicating resilience in the market [12][13]

I sat down with Jeff Park (@dgt10011) to discuss the debasement trade, bitcoin vs gold, why everyone seems to be getting rich while the government is going broke, Ken Griffin & Paul Tudor Jones being so excited about the market, and what the $2 billion Polymarket deal means for the future.Enjoy!YouTube: https://t.co/7WMMoLdeWbSpotify: https://t.co/mrdtN21R59Apple: https://t.co/PAUoAFhj5ZTIMESTAMPS:0:00 - Intro0:53 - US government going broke while everyone is getting rich?4:06 - Why the “debasement trade” i ...

Core Insights - Bitcoin is currently trading above $123,000, driven by ETF inflows and mid-tier accumulation, indicating a strong bullish sentiment in the market [2][8] - Analysts highlight a structural bullish market with signs of froth on top, suggesting that while there is strong underlying support, the market may be crowded [4][6] - There are concerns about market complacency, with record high futures open interest and elevated funding rates, indicating potential vulnerability to a sharp decline if momentum fades [5][6] Market Dynamics - Capital is rotating from overextended AI equities into "credibility hedges" like gold and Bitcoin as policy uncertainty increases [3] - Record ETF inflows and mid-tier accumulation are flipping resistance into support, reinforcing the bullish outlook for Bitcoin [4] - The current market pullback is seen as a necessary reset of leverage, which could restore balance and prepare the market for further upward movement [6][7] Trading Sentiment - The market is characterized by high funding rates and increasing open interest, suggesting traders may soon experience the reset they have been anticipating [7] - The focus is on whether Bitcoin can maintain its position above $120,000, with the next dip potentially revealing the rally's strength or its fragility [7] - Institutional demand and the broader narrative of "debasement trade" are expected to sustain the upward trend as the market enters a seasonally bullish period in October [8]

The great debasement trade.2020 COVID print lit the fuse & Trump has poured the gasoline.M2 is up only.Gold & Bitcoin are repricing.Meanwhile, deregulation of the entire digital asset industry.Consumer apps are hitting mainstream adoption.Majors look ready for new blue sky highs.What’s next? Probably a lot of volatility.Up & down.Long term trend is up & to the right. See you on the other side…Arthur Hayes (@CryptoHayes):The new TradFi meta narrative is the "debasement trade". It took them almost twenty year ...

Investors may see opportunity in gold’s historic rally, but they shouldn’t be selling Bitcoin to latch onto the precious metal, according to real estate investor and entrepreneur Grant Cardone. Although gold’s price has increased more than 50% this year, while outperforming Wall Street darlings like Nvidia, the largest cryptocurrency by market capitalization remains a superior store of value and has better long-term prospects, he told Decrypt in an interview. “Don’t be stupid,” Cardone said on Wednesday. “I ...

Group 1: Gold Market Insights - Gold is experiencing its best year since 1979, with significant price increases not typical for the asset class, indicating market uncertainty and risk [2][3] - The price of gold is signaling a shift in investment strategies, with a substitution occurring between U.S. Treasuries and gold as a safe haven asset [3][7] - A long-term strategic holding of gold is recommended, with a suggested allocation of 5% to 15% for most investors, reflecting a trend where institutions are mimicking central banks in their asset allocations [6][7] Group 2: Silver and Other Precious Metals - Silver has increased by 67% this year and is approaching its 2011 high, indicating a catch-up trade in the market [1][10] - Platinum is also experiencing significant price movements due to supply shortages, with historical underinvestment in mining leading to natural scarcity [9] - The hybrid nature of silver, being both a monetary and industrial metal, contributes to its unique market dynamics compared to gold and platinum [9][10]

Gold may actually be like8 to $10,000 an ounce if Bitcoin didn't exist. What do you think. All rows lead to Bitcoin, right.In my opinion. That's why people also have said, you know, within the cryptovc industry like all coins have been, you know, on the margin great because at some level those who find success in all coins eventually allocate some portion back to Bitcoin regardless. Wealth creation leads to Bitcoin as part of the denominator.And so in some sense, gold is also an altcoin in my opinion becaus ...

Market Performance - US stocks experienced a rally, with the Nasdaq Composite leading the gains, closing above 23,000 for the first time, up over 1% [1] - The S&P 500 rose by 0.6%, while the Dow Jones Industrial Average finished just below the flatline [1] Federal Reserve Insights - The latest Federal Reserve minutes indicated potential for more rate cuts throughout the remainder of 2025, despite showing divisions within the central bank [2][3] - Participants in the meeting expressed varied opinions on the restrictiveness of current monetary policy and the future path of policy, with most agreeing on the appropriateness of further easing [3] Gold Market - Gold futures continued their record-breaking rally, surpassing $4,000 per ounce for the first time, as investors sought the asset as a "debasement trade" alternative to the dollar [2] Economic Uncertainty - The ongoing federal shutdown has created uncertainty in the markets, impacting AI spending and raising concerns about a potential dot-com-style bubble [4] - The shutdown has deprived Wall Street and the Federal Reserve of crucial economic data necessary for informed decision-making [4]

Core Insights - Bitcoin and gold have reached record highs, highlighting their roles as hedges against weakening fiat currencies [1] - Bitcoin is increasingly recognized as "digital gold," with significant growth in its market presence [1] - Gold has shown remarkable performance this year, with prices hovering above $4,060 per ounce, marking its best annual return in over four decades [3] Bitcoin Insights - Bitcoin is currently priced around $124,000, reflecting a year-to-date increase of 31% [1] - The cryptocurrency's growing significance in investment portfolios is acknowledged, with suggestions for a smaller allocation compared to gold [2] Gold Insights - Gold has risen over 50% this year, driven by a flight to safe-haven assets, and has set new all-time highs for 10 consecutive trading days [4][5] - The recommendation for gold investment includes favoring coins over bars for easier resale, emphasizing the importance of secure storage [4] Portfolio Strategy - A restructuring of the traditional 60/40 portfolio is suggested, moving away from long-dated bonds towards shorter-term debt, real estate, digital assets, gold, and broader commodities [2][3] - A 5% allocation to gold is recommended, reflecting its status as a reliable store of value [2]

[Applause] Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today. First up, US stock futures rebounding this morning after the major averages closed in the red, halting seven consecutive days of gains for the S&P 500. But the gold rally, it continues to power higher. Spot gold hitting $4,000 an ounce for the first time ever. Billionaire investor Ray Dalio says he sees gold as more of a safe haven than the dollar. He compared its re ...