Category: Opinion

Understanding Both Sides of the Gold Market

I recently had an incredibly valuable conversation with Alain Gilbert of Gilbert Analytics. Although we theoretically sit on the complete opposite spectrum of gold and precious metals, there is great reason to align and understand both sides. My world has largely centered around physical bullion, direct ownership, custody, wealth preservation, and helping advisors and investors[...]

1970. 2008. COVID. Why This Cycle Looks the Same… and What Comes Next

Do you remember what happened to money in the 1970s? Or after 2008? Or during COVID? Most people remember the headlines from those periods. Fewer remember what was happening underneath. These weren’t just isolated crises tied to oil shocks, housing markets, or a global shutdown. They were different versions of the same underlying pattern playing out. Those were debasement cycles. And [...]

What Bullion Vaults Actually Look Like

(Hint: there is usually no moat) A financial advisor we work with recently arrived at our partner vault facility with thousands of pounds of silver coins in the back of his truck. For years he had been storing them across a ranch in ammo boxes. Yes, real ammo boxes. Most were buried in the ground. Others were hidden in sheds or tucked away in corners of buildings. Like many precious[...]

A Conversation on Two Very Different Fault Lines: Private Credit and Silver

I recently had the opportunity to speak with James Murphree the CEO & Economist at Murphree Investment Group, and it turned into one of those conversations that stays with you. We covered two topics that, at first glance, do not seem connected: private credit and silver.  One is a 3.4 trillion dollar yield engine embedded deep inside[...]

I Got $99 Problems, but Silver Ain’t One

Markets always seem to find new ways to create stress. Stocks look expensive. Private credit is showing cracks. Liquidity is not what it used to be. Confidence is high right up until it is not. Every asset feels like it comes with fine print. Silver keeps ignoring the drama. At the end of 2024, heading into 2025, price forecasts for precious metals were already pointing higher. Gold [...]

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