Alexander Deluce

Investor. Entrepreneur. Learner. Writer.

[Alexander Deluce @AlexDeluce]

Don't Underestimate the Power of the Underdog.

[Gold Telegraph ⚡ @GoldTelegraph_]

The last time gold reserves in the United States were meaningfully audited?

1953.

Judy Shelton says an audit today would be:

“Both symbolic… and necessary.”

Why?

Because trust is breaking.

• Americans questioning if the gold is even there
• No clarity on whether it’s been encumbered
• Zero transparency in a system built on confidence

She fully supports @elonmusk proposed live video walk-through of Fort Knox. @judyshel

You can watch the full film, here: https://t.co/Ag9AQxz6GX

[Alexander Deluce @AlexDeluce]

“Money is how we store our time and energy. When it breaks, people feel it every single day.”

My latest interview in Pulse2.

Read: https://t.co/jddgyDehGR

[Judy Shelton @judyshel]

My deep thanks to Alex Deluce @GoldTelegraph_ for initiating and producing this film. I am honored and humbled by his support for the cause of sound money.

[Alexander Deluce @AlexDeluce]

@JimmusB @judyshel I'm glad you enjoyed!

[JimmusBobbus @JimmusB]

Through all the years of trying to scrape together accurate information on the rat maze that is the global economy, I have watched many interviews with many different people. This by far is my favourite. Not one to miss. Thank you for your time @judyshel and @AlexDeluce

[Gold Telegraph ⚡ @GoldTelegraph_]

The Authentic Judy Shelton:
A Maverick Economist Takes on Washington

The monetary system is being questioned… in real time.

I sat down with Judy Shelton, a longtime advocate for sound money who challenged the system from the inside.

My first documentary.

We cover:

• Gold’s return to the financial system
• Treasury Trust Bonds
• Fort Knox and the question of trust
• Stablecoins and the next evolution of money

+ much more.

This is about the future of money itself.

TIMESTAMPS:

(04:08) — Judy’s early career and how she first entered the world of sound money.

(04:40) — Her study of the Soviet collapse and what drew her to it.

(08:08) — How Judy’s book on the Soviet collapse connected her to Richard Nixon.

(11:42) — Nixon’s 1971 decision to end dollar convertibility into gold.

(12:06) — How ending Bretton Woods reshaped the global financial order.

(13:20) — Did 1971 fundamentally change the nature of money?

(14:09) — Judy’s first meeting with Paul Volcker in 1994.

(14:22) — Volcker’s role in ending 1970s inflation and the Bretton Woods anniversary context.

(15:46) — Did the world trade monetary discipline for flexibility after leaving gold?

(18:56) — Could digital finance help enable a common global unit of account?

(21:34) — Judy’s “solidus” idea and who could issue that type of stablecoin.

(25:52) — The belief that people deserve a more dependable reserve asset.

(26:17) — What Judy learned from her bruising 2020 Fed nomination fight.

(33:00) — The Washington machine protecting the status quo.

(33:40) — How Judy handled the attacks personally and how it affected her family.

(34:23) — Whether the Fed’s protection from scrutiny helped enable the inflation surge.

(34:47) — Jerome Powell, accountability, and the absence of consequences.

(35:24) — Why calls for Federal Reserve reform are now coming from the highest levels.

(36:58) — Who actually owns the Fed?

(38:15) — Fort Knox, transparency, and whether an audit is needed.

(39:35) — Would Judy support a live video walkthrough of Fort Knox?

(40:34) — Could Treasury Trust Bonds inspire other sovereign nations to follow?

(43:44) — Would America’s founders even recognize today’s monetary system?

(44:38) — The new Board of Peace and why Judy is interested in it.

(46:32) — Would Judy join the Board of Peace if asked?

(46:38) — What is at risk if monetary reform never happens?

(48:11) — The battle never ends.

[Gold Telegraph ⚡ @GoldTelegraph_]

GOLD TELEGRAPH CONVERSATION 15:
DAN MYERSON

“Gold has outperformed every fiat currency in history.”

In this discussion, Dan breaks down why the market is completely misreading supply in the commodities space, how difficult it really is to build mines, and why copper and gold are quietly setting up for something much bigger.

Dan recently led Foran Mining through its transformational transaction with Eldorado Gold valued at roughly USD $2.8 billion.

Mr. Myerson now serves as Deputy Chair of Eldorado.

Thank you for joining me, Dan.

TIMESTAMPS:

(00:22) — Origins: from Morgan Stanley to Glencore

(02:53) — Transition into the physical commodity world

(05:22) — Understanding risk through global supply chains

(07:57) — The decision to build a mining company

(09:40) — The Foran–Eldorado transaction: strategy and rationale

(15:24) — Stepping into the Deputy Chair role

(17:05) — Copper demand vs supply: what the market is missing

(20:44) — Why new supply is harder than ever to build

(22:05) — The outlook for a tightening copper market

(23:20) — McIlvenna Bay within the broader platform

(27:39) — Why Saskatchewan: jurisdictional advantages

(31:08) — Jurisdiction as a mispriced risk in mining

(33:09) — What it really takes to build a mine

(35:42) — Key milestones: production and near-term catalysts

(37:20) — Gold vs copper: stability and growth

(38:46) — Discovering gold

(41:26) — Why gold continues to matter

(43:50) — The copper-gold platform: long-term vision

(46:14) — Free cash flow and capital allocation

(48:28) — What investors should be focused on right now

[Gold Telegraph ⚡ @GoldTelegraph_]

Japan’s Finance Minister is hinting at yen intervention once again…

The circus continues.

“Gold is becoming a defacto reserve currency for a reason.”

- Matthew Piepenburg.

Watch the full episode, here: https://t.co/RkjP2AfByr

[Gold Telegraph ⚡ @GoldTelegraph_]

GOLD TELEGRAPH CONVERSATION 14:
MATTHEW PIEPENBURG

“Gold is becoming a de facto reserve currency for a reason.”

Join me for a conversation with Matthew Piepenburg.

In this discussion, Matthew explains why decades of debt and monetary policy are reaching a critical point, how global tensions tie back to the financial system, and why trust is beginning to erode.

Thank you for joining me again, Matthew.

TIMESTAMPS:

(00:29) — Is your original debt/debasement thesis now fully playing out?

(07:06) — What are people still getting dangerously wrong about the current macro environment?

(12:10) — Is the Middle East conflict really about geopolitics… or deeper monetary stress?

(17:58) — How intact is the petrodollar system, and where are the cracks forming?

(32:00) — Japan, bond markets, and the risk of a broader liquidity crisis

(40:07) — Are we reliving the 1970s or is this something far more extreme?

(43:36) — How much of today traces back to the 1971 break from gold?

(48:59) — Did the system evolve… or did we normalize something fundamentally unstable?

(55:04) — Do monetary system resets happen gradually… or all at once?

(59:12) — Is trust the real breaking point and where are we seeing it first?

(1:03:21) — Are central banks solving problems… or making them bigger?

(1:08:52) — Has gold been actively suppressed and what happens if that changes?

(1:13:43) — Is globalization being redesigned… or deliberately unwound?

(1:17:25) — Gold repatriation: what does it reveal about global trust?

(1:19:38) — Eastern gold strategy: China, Russia, and the buildout of a parallel system

(1:24:42) — Does China hold more gold than officially reported?

(1:28:08) — If a reset is coming… how should people actually prepare?

[Gold Telegraph ⚡ @GoldTelegraph_]

Read my latest article:

The King on the Board: Gold and the Battle for Supremacy | Part 1

“Gold isn’t coming back. It’s being repositioned at the center of the system.”

https://t.co/1JWwCUGAiI

[Gold Telegraph ⚡ @GoldTelegraph_]

"There is no doubt in my mind that gold is coming back into the global financial architecture and it's coming back in a big way..."

- The Legendary Pierre Lassonde.

Watch the full conversation: https://t.co/qkFvLS5Nnc

[Gold Telegraph ⚡ @GoldTelegraph_]

GOLD TELEGRAPH CONVERSATION 13:
PIERRE LASSONDE

“Gold is coming back into the global financial architecture, and it’s coming back in a big way.”

Join me for a timely conversation with the legendary Pierre Lassonde.

In this discussion, Pierre explains why a crisis is already building beneath the surface, why gold is returning to the center of the global financial system, and why the world is entering a period defined by minerals and evolving monetary power.

Thank you for joining me again, Pierre.

TIMESTAMPS:

(00:52) — View on today’s macro environment

(02:41) — 1970s analogy, oil shock, Middle East, and inflation risk

(04:57) — Whether gold is entering a more accelerated revaluation phase globally

(09:29) — Tether Gold, central bank buying, and price discovery shifting East

(10:56) — Asia physical flows and whether the Eastward shift is getting closer

(11:49) — What Eastern pricing power means for global gold valuation

(13:36) — Gold surpassing U.S. Treasuries and what that means for the changing world order

(16:21) — Scarcity of real mineral assets vs endless crypto creation/debt and Rome comparison

(19:53) — Gold repatriation and erosion of trust in the financial system

(21:57) — Why Canada has no gold reserves and what could change that

(24:54) — Canadian pensions, mining support, and optionality being misunderstood

(28:57) — What separates generational deposits from assets that disappoint

(31:23) — Does fast-tracking mines changes the Lassonde Curve?

(34:36) — Can mining actually deliver enough new supply, especially after weak exploration

(37:22) — Gold price target around $17,250 and how Pierre gets there

(40:41) — Whether a crisis could emerge on the road to that gold price target

(43:42) — Debt markets, copper, and why copper matters to civilization

(47:17) — Copper-gold systems and what a structural copper deficit means for miners

(49:52) — What separates great investors from average ones

(52:21) — How losing everything early shaped Pierre’s investing approach

(53:40) — Where Pierre sees the best opportunities today / companies he is watching

(1:04:30) — Advice for the next generation entering mining

(1:05:59) — What has meant the most over Pierre’s career

[Alexander Deluce @AlexDeluce]

Every monetary reset in history came after a geopolitical crisis.

• War breaks the system.
• Debt buries it.
• Then the rules get rewritten.

We’re somewhere between buried and rewritten.

Everything I have been documenting throughout my career is bubbling to the surface.

[Alexander Deluce @AlexDeluce]

Oil shocks move markets.

Currency shocks move history.

[Alexander Deluce @AlexDeluce]

Roughly 20% of the world’s oil moves through the Strait of Hormuz.

Now Iran is reportedly considering a rule:

Tankers can pass… if the oil is traded in Chinese yuan.

For half a century the oil market ran on dollars.

That gave Washington enormous leverage.

If oil starts clearing in yuan through the world’s most important shipping lane…

The international monetary system looks very different extremely quickly.

Let's see how this plays out.

[Alexander Deluce @AlexDeluce]

@1TradingDee @GoldTelegraph_ It is up over 70% in the past year and remains above $5000/ounce?

[Alexander Deluce @AlexDeluce]

The energy crisis unfolding right now may be the largest supply disruption the modern world has seen.

Tankers are being blocked.

Millions of barrels per day are disappearing.

Strategic reserves are being dumped into the market.

And now, the United States is reportedly exploring ways to enter the oil futures market to help control prices.

We’ve seen a version of this before.

During the 1970s energy crisis, oil shocks rocked the global economy. Inflation exploded, markets broke, and governments scrambled to regain control.

But the real turning point had already happened.

In 1971, Nixon closed the gold window, ending the dollar’s convertibility to gold and breaking the final link between honest money and the financial system.

When the oil shock hit a few years later, the world was suddenly running on a pure fiat system.

Gold responded the only way it could.

It exploded higher.

Today feels familiar… but also different.

Oil markets are breaking again.
Strategic reserves are being tapped.

And this time, central banks are stockpiling gold and looking to limit their exposure to counterparty risk.

History may not repeat.

But it can serve as a compass for where the world is going.

The return and scramble to true and time tested wealth...

Gold and minerals.

[Gold Telegraph ⚡ @GoldTelegraph_]

https://t.co/8ZPFAlOEg7

[Judy Shelton @judyshel]

This is a nice post from Alex Deluce @GoldTelegraph_ and seems to have garnered some 300,000 views overnight. The support for sound money buoys my spirits and strengthens my resolve.

[Gold Telegraph ⚡ @GoldTelegraph_]

As reported by Bloomberg:

Judy Shelton met privately with Treasury Secretary Scott Bessent to discuss Federal Reserve reform.

Read that again.

@judyshel is one of the most original monetary thinkers of our time... unapologetically focused on restoring discipline, credibility, and integrity to the American financial system.

When serious minds start talking about reforming the Federal Reserve, watch closely.

The United States Treasury Secretary has also hinted at full reform.

In our conversation, she laid out a bold proposal:

A U.S. Treasury GOLD-convertible bond:

Issued July 4th, 2026
Maturing July 4th, 2076

A 50-year signal to the world that America is willing to anchor its debt to something real.

Think about what that would mean for demand for U.S. debt.