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Cake day: March 14th, 2025

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  • There is a reason central banks are buying gold, and that it is making new all-time highs, and recently breached $3K/oz. They’re anticipating the demise of the dollar, and minimizing their exposure to the chaos from the U.S. and buying gold instead of U.S. bonds. Look for this trend to accelerate, especially once the U.S. reaches the point where it can’t sell enough bonds to finance it’s budget deficit, leading to a massive debt crisis and the collapse of the dollar. Gold is already on track to be up >50% this year (up 13.7% so far ytd), and the consistent rise in gold while stocks and other investments fare poorly will only fuel the stampede. I’m confident that gold will end 2025 over $4k/oz, and that 2026 will be even crazier.