What Actually Backs the US Dollar If Not Gold or Silver?

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Key Takeaways The US dollar has not been convertible to gold since August 15, 1971, when President Nixon ended dollar-to-gold convertibility under the Bretton Woods framework. Since that change, the dollar’s purchasing power has fallen roughly 87% (BLS CPI-U). M2 money supply expanded from about $630 billion in 1971 to more than $22 trillion by … Read more

Commodity Markets Split Ahead of Trump’s New Tariff Plans

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US commodity markets are diverging from global benchmarks as traders react to the possibility of new import tariffs proposed by President-elect Donald Trump. His team is reportedly weighing a phased approach to tariffs, with broad levies in the 10–20% range and the prospect of substantially higher rates—potentially 60% or more—targeted at Chinese imports. These proposals … Read more

Gold Rises 2% This Week as Dollar Weakens, Tariff Concerns Persist

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Gold climbed 0.3% to $2,918.65 an ounce on Friday, extending gains that have pushed the metal toward its strongest weekly performance in six months. Since Monday, gold has gained more than 2%, driven by a mix of geopolitical uncertainty, currency moves and softer economic indicators. One key driver for the rally is uncertainty surrounding President … Read more

Gold Surges Above $3,600 After $1,000 Gain This Year

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Daily News Nuggets | September 8th, 2025 — Here’s what you need to know about today’s most important economic and precious metals news: Gold Smashes Through $3,600 as Critical Fed Week Begins Gold surged to an all-time high on Monday, breaking above $3,600 as investors increasingly price in lower interest rates ahead of a pivotal … Read more

How to Get Paid for Your Gold: Top Methods and Tips

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Selling your gold or silver bullion online is simple when you sell to GoldSilver. All sell transactions officially settle after two business days, at which time funds become available for withdrawal. When placing your sell order, choose one of the following payment methods: Physical check — Sent via USPS regular mail within two business days … Read more

Congress Faces Mid‑August Deadline to Raise Debt Ceiling, CBO Warns

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According to the Congressional Budget Office’s most recent estimate, the United States could face a fiscal crisis sometime between mid‑August and the end of September, when the Treasury’s temporary accounting measures used to avoid surpassing the debt ceiling are expected to be exhausted. This revised projection pushes the potential deadline roughly two weeks later than … Read more

What Switzerland’s Gold Freeze Means for Investors Now

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Switzerland’s gold reserves — all 1,040 tonnes — remain intact. That choice to hold, not sell, signals confidence. The SNB posted a CHF 7.8 billion valuation gain on gold in Q1 2026 alone, underlining gold’s role as a stabilizing asset in volatile markets. Global central-bank gold demand surpassed 1,000 tonnes annually in 2022–2024, then eased … Read more

Crypto Treasury Firms Flood Wall Street in SPAC-Fueled Gold Rush

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Crypto treasury firms are increasingly entering public markets via SPACs and reverse mergers to leverage token volatility and investor interest. Supported by investors such as SoftBank and Cantor Fitzgerald, newcomers like Twenty One Capital and ProCap Financial are accelerating transactions that echo the approach taken by Strategy, a firm whose Bitcoin-focused model has produced significant … Read more

Why Silver Swings More Than Gold: Understanding Market Volatility

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Silver moves quickly. In 2025 it rose more than 150% while gold climbed roughly 66%. In prior cycles silver has also crashed just as dramatically. That pattern reflects the market’s structure—most importantly, its size. The most important factor? Size. How Big is the Gold Market Compared to the Silver Market? Gold’s total above-ground stock is … Read more

Why Gold Is Defying Traditional Market Signals in 2025

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Gold’s rally has continued into 2025, with prices up more than 25% and the metal on track for a third consecutive year of double-digit gains — a streak not seen since the mid-2000s. This strong performance has diverged from traditional drivers, as gold has not followed the usual relationship with real yields or the U.S. … Read more