At one point, the United States held nearly 75% of the world's official monetary gold. Then something extraordinary happened. Foreign governments started demanding their gold back. France challenged the system. And in 1971, President Nixon made a decision that changed the world's money forever. More than 50 years later, central banks are accumulating gold at a remarkable pace. My latest explores what happened, why it matters, and what history might be telling us today.

Doug Casey believes the world is approaching a historic monetary reset. Watch: youtube.com/watch?v=a6loUXbk… He argues that the financial system established after 1971 is reaching its limits, central banks are turning toward gold...

GOLD TELEGRAPH CONVERSATION 21: DOUG CASEY "The world is going to go back to gold. And the only question is at what price?" In this wide-ranging conversation, Doug Casey explores why he believes the international monetary system is approaching a historic turning point, why central banks are accumulating gold, and how America's growing debt burden could reshape the global financial order. We discuss the consequences of abandoning the gold standard in 1971, the weaponization of the U.S. dollar, China's monetary ambitions, and why Doug believes a return to gold-backed system could require a dramatically higher gold price. Beyond monetary policy, Doug reflects on his remarkable career as an investor, his experiences traveling to more than 150 countries, the future of individual freedom, and why he sees extraordinary opportunities in energy and mining stocks. Doug Casey is a legendary contrarian investor, author of Crisis Investing, and founder of Casey Research. Thank you for joining me, Doug. TIMESTAMPS: (00:29) – Doug Casey's Early Life & Becoming a Contrarian (03:29) – Discovering Gold, Economics & the Investment World (06:23) – Buying Gold at $35 & Lessons From Five Decades of Investing (10:53) – Crisis Investing, Global Travel & Lessons From Around the World (14:33) – Human Nature, Loyalty & the Importance of Personal Character (16:54) – Nixon's 1971 Decision to Close the Gold Window (19:29) – Why Governments Abandoned Gold as Money (23:18) – Why Gold Is Not Viewed Well by Power (26:32) – Central Banks, Gold Accumulation & the Future of the U.S. Dollar (29:11) – Russia's Frozen Reserves & the Weaponization of the Dollar (37:10) – The Future of Digital Money (39:52) – Is the International Monetary System Approaching a Historic Reset? (43:13) – America's Debt Crisis: Default or Inflation? (45:56) – The IMF, World Bank & Global Financial Institutions (48:00) – The Decline of Empires (50:24) – China's Economic Strategy & the Changing World Order (53:08) – BRICS & the Return to Gold (57:50) – Doug Casey's Warning... (59:52) – Artificial Intelligence, Technology & the Future of Civilization (1:02:09) – Doug Casey's Investment Strategy: Energy & Mining Stocks (1:06:38) – Unforgettable Experiences Visiting Mining Projects Around the World (1:09:32) – The Most Important Lessons From a Lifetime of Investing & Travel

Life has a remarkable way of taking you places you never imagined. Honoured to speak at the Westcoast Boys Club Network. From overcoming adversity after high school to building an unconventional career in business, my journey has been anything but ordinary. Along the way, I’ve had the privilege of meeting and learning from some of the most fascinating people in the world. I hope sharing some of those experiences gave these young men a little perspective on what is possible.

Elon Musk predicts that traditional money will become obsolete by around 2036, replaced by physical and fundamental metrics like energy, mass, and raw resources. Hard assets. Bingo. @elonmusk

French 10-year bond yield hits 5% for first time since 2002… Look out. Are you that countries are bringing their gold home? youtu.be/r2RjhCeTLx0?si=KnQE…

China is quietly reshaping its financial future. In my latest conversation with Sprott CEO John Ciampaglia, we discussed how China is reducing its exposure to Treasuries while accumulating gold and investing in strategic natural resources. John made a fascinating observation: “They're converting unproductive assets to productive assets.” This is about far more than gold. It is about how nations are positioning themselves for the next era of the global economy. You can watch the full interview here: youtube.com/watch?v=THyquRvn… Watch:

The Netherlands is moving gold from North America to London Germany continues to face calls to bring more of its gold home Central banks are reviewing the security of their reserves The world’s gold is being repositioned Meanwhile, China is building: youtu.be/udzLUe_bCZA?si=REMU…

GOLD TELEGRAPH CONVERSATION 20: JOHN CIAMPAGLIA "If you cut off the supply chain, you literally cripple $6 trillion of the global economy." In this discussion, John explores the changing role of gold in the international financial system, the remarkable growth of Sprott's physical uranium trust, the global resurgence of nuclear energy, and China's influence over critical mineral supply chains. We also examine why governments are increasingly treating natural resources as strategic assets, how financial sanctions and geopolitical tensions are reshaping global markets, and whether the world is entering a new commodity supercycle. John Ciampaglia is the CEO of Sprott Asset Management. Thank you for joining me, John. TIMESTAMPS: (00:39) – John Ciampaglia's Career & the Journey to Sprott (03:49) – Lessons From Traditional Finance & the Precious Metals Industry (05:51) – Working Alongside Eric Sprott & His Investment Philosophy (08:52) – How Sprott Built Its Physical Commodity Investment Trusts (14:38) – The Remarkable Growth of Sprott's Physical Uranium Trust (17:03) – Why Sprott Buys & Holds Physical Uranium (19:15) – Uranium Supply Deficits & the Economics of New Mines (23:16) – The Challenges of Bringing New Uranium Mines Into Production (25:39) – Uranium's Growing Strategic Importance (29:30) – The Global Nuclear Energy Renaissance & Energy Security (31:16) – How Vulnerable Are Western Nuclear Fuel Supply Chains? (33:21) – Can the West Rebuild Its Critical Mineral Supply Chains? (35:53) – China's Mineral Dominance & the Potential Commodity Supercycle (41:29) – Stockpiling & the Changing Dynamics of Commodity Markets (45:03) – China's Gold Accumulation & a Structural Shift in Global Markets (50:46) – The Weaponization of Finance & Critical Mineral Supply Chains (53:53) – Are We Entering a New Era for Natural Resources? (58:28) – Debt, Financial Risks & What People May Be Overlooking

A former U.S. Treasury official just made a remarkable observation about China: “China has been much better at hiding its dollars than it’s been about getting out of the dollar.” Now consider something else. Nobody outside Beijing knows exactly how much gold China really holds. A U.S. Treasury official has acknowledged that uncertainty to me in the past. This is a massive story. I will have more on this in the weeks ahead.

CNBC published an article today titled: “How a gold-buying spree helps the yuan go global.” Hong Kong. Gold imports. The yuan. Diversification away from the dollar. The mainstream is starting to see it. My video last week connects all the dots: youtube.com/watch?v=udzLUe_b…

BREAKING NEWS: JUDY SHELTON HAS JOINED THE U.S. TREASURY DEPARTMENT AS COUNSELOR TO THE SECRETARY. Judy has spent decades thinking deeply about monetary policy, sound money, gold, and the architecture of the global financial system. To now see her bringing those ideas and that experience into discussions at the highest levels of the U.S. Treasury is incredibly exciting. My conversation with Judy on The Gold Telegraph will always be one of the highlights of my career. Beyond her extraordinary intellect, she is thoughtful, gracious, and deeply committed to the ideas she believes in. Full documentary: youtu.be/USGjSU5yXh8?si=999H… Congratulations, my friend. Very well deserved. @judyshel

One of the most powerful @robert_ivanhoe lines today: “Why are we still running net present value models on mining when, if you don’t have the metals to defend yourself, you are dead?” Very true. Securing the metals you need is increasingly about sovereignty.

“If a sovereign’s own Treasury holdings can be frozen by someone else’s policy decision, what actually counts as safe anymore? Many people seem to have arrived at the same conclusion: Gold is the way to go.” Read my article: goldtelegraph.substack.com/p…

"There's no such thing as paper bananas. I can't feed you a paper banana. I can't feed you a paper copper contract." — Robert Friedland (@robert_ivanhoe) The world keeps forgetting the difference between a price and a promise. Paper contracts can manufacture the illusion of a market... right up until redemption day, when everyone tries to collect on the same promise at once, and the paper turns out to be exactly what it always was: Paper. I got mocked for saying this during the digital real estate mania, when people were paying millions of dollars for a plot of land in a universe that didn't exist and built on a currency that didn't exist either; it is a classic example of being lost in a dream without any grounding in what is real. Elements are the one thing that's actually real. Everything else... currencies, contracts, metaverses Is just a story built on top of them.

GOLD TELEGRAPH CONVERSATION 19: ANDY SCHECTMAN "I don't tell people to buy gold to become wealthy. I tell them to consider buying it because it is wealth." In this discussion, Andy breaks down why he believes gold is being reintegrated into the global monetary system, how BRICS and the Global South are building financial infrastructure outside the traditional Western system, why "detreasurization" could become one of the defining trends of the coming decade, and how the United States could ultimately use a higher gold price to devalue the dollar and reindustrialize its economy. Andy Schectman is the President and Owner of Miles Franklin. Thank you for joining me, Andy. @MilesFranklinCo TIMESTAMPS: (00:43) – The Origins of Miles Franklin & Andy’s Journey Into Gold (07:51) – How the Physical & Paper Gold Markets Have Changed (17:09) – Why This Monetary Moment Feels Different (24:02) – What Does the World Look Like on the Other Side of This? (39:02) – Gold, Counterparty Risk & the Weaponization of Finance (40:56) – Russian Gold, Sanctions & the Parallel Gold Market (47:14) – Does China Own Far More Gold Than It Reports? (53:44) – BRICS, Gold & the Future of Global Settlement (01:00:47) – Who Becomes the Marginal Buyer of U.S. Treasuries? (01:05:15) – Japan’s Role in Global Asset Prices & Western Bond Markets (01:08:19) – How Quickly Could the Yen Carry Trade Unwind? (01:11:51) – What Has Surprised Andy Most Over His Career?

The U.S. Treasury is now buying back $6 BILLION of its own longer-term debt. You really can’t make this stuff up. This is exactly why I published “We Never Learn” on Sunday. Read it here: goldtelegraph.substack.com/p…

Now is the time to watch Dr. Copper. I've been pounding the table on copper for years like many others. It's the thermometer of the global economy and the glue holding the entire industrial world together. There is nothing like watching a thick piece of chalcopyrite come out of the earth's crust. To think… that moment is getting rarer, because copper deposits are becoming brutally hard to find. More than 60% of the annual increase in discovered copper volume came from expansions at existing mining complexes, NOT new discoveries. That is a wild statistic to think about. We are staring down a supply deficit of historic proportions, and the way we're finding more copper isn't through bold discoveries… It's by squeezing more out of what we already have. The market is waking up. And we need staggering volumes of copper to power the AI future the mainstream is desperate to build. As my friend @CraigParry_ puts it: The supply side of the equation is severely constrained. That constraint is the opportunity. Never forget: First principles start with the periodic table. Everything you see and touch is built from what comes out of the ground first.