Ben Vanek

[John Stossel @JohnStossel]

Socialists say capitalism hurts the poor.

But it doesn’t!

For thousands of years, everyone was poor. Only when countries tried capitalism, did wealth grow.

"A higher standard of living comes from trading with one another," says @SteveForbesCEO of @Forbes.

Here's why:

[Doug Casey's International Man @intlmandotcom]

The denarius was the coin of the realm during the centuries when Rome was a republic.

Although the gold solidus was used as a storage of wealth, the silver denarius was equal in value to a day’s wages for a common labourer and, as such, was more useful as the primary unit of exchange.

During this time, it was a stable currency. However, as Rome turned into an empire, all that conquest in foreign lands became extremely costly and it was decided that one way to offset such costs was to devalue the denarius.

Each successive emperor added a bit more base metal than the previous one and, by the time of Diocletian, there was no silver in the coin at all, only bronze.

During this same period, Rome experienced dramatic inflation – a predictable outcome when the coin of the realm is degraded. The population was in decline as well.

If this sounds familiar, it should.

Modern governments have a tendency to make precisely the same mistakes with regard to currencies.

First, empire-building drains the coffers to the point that maintaining a sound economy is no longer possible, then successive “emperors” make the decision to debase the currency in an effort to keep the party going a bit longer.

Of course, “inflating the problem away” never actually works. Just as Rome went into an irreversible decline, so the empire of today is self-destructing, due, in part, to monetary debasement.

[Northstar @NorthstarCharts]

SILVER - We overshot the psychological level of $100 and hit the Fib extension just above $120, and my roadmap continues to play out...

[Northstar @NorthstarCharts]

9 months ago, silver was $30. Silver fell $30 in the last 24 hours and is still 3 times what it was 9 months ago. Let that sink in 🤔

[Michael Maloney @mike_maloney]

Hi @DOGE I'd like to report the largest fraud and waste the USA has ever seen. I've broken it down into 7 easy steps so that anyone can understand the source of plunder. Start here.

[Rudy Havenstein, Senior Markets Commentator. @RudyHavenstein]

POWELL: DON'T TAKE MUCH MESSAGE FROM RISE IN PRICE FOR GOLD

[Doug Casey's International Man @intlmandotcom]

If measuring in fiat is like looking into a fun house mirror, then gold is a mirror of truth. And when we measure the stock market in gold, that truth becomes clear. Below is a chart of the S&P 500 measured in gold going back to 1950.

Viewed through the lens of gold, the stock market tells a very different story than it does in fiat terms — and this chart makes that unmistakably clear.

The most striking feature of the chart is what isn’t there: a sustained upward trend. The S&P 500 today is worth the same amount of gold it was in 1995.

Despite decades of nominal gains, the stock market has repeatedly given back those gains when measured against gold. In other words, the rising stock market was more a reflection of currency debasement than of real wealth creation.

This helps explain the disconnect at the heart of today’s market. In fiat terms, stock prices appear to be at record highs. But in gold terms — a unit that cannot be printed — the market looks far less extraordinary.

Measured in gold, US stocks peaked in 1999, when the S&P 500 was worth just over 164 grams of gold. Today, the index is worth 43 grams — a decline of more than 73% from its 1999 peak.

More recently, the S&P 500 peaked at about 82 grams of gold in late 2021. Today, it’s worth roughly 43 grams. In other words, despite the recent melt-up and the stock market ripping to new nominal all-time highs, when measured in gold, the S&P 500 is down more than 47% since late 2021 and sitting at roughly the same level it was in 1995.

In other words, when we look at the stock market through a mirror of truth rather than a fun house mirror, it becomes clear that it is in a deep bear market. It’s no wonder consumer sentiment is near an all-time low.

Despite the nominal melt-up in stocks, most Americans are becoming poorer when measured in real, honest money — not fake government confetti.

[Peter Schiff @PeterSchiff]

Gold closed at $5,414, up $235 today. That’s its biggest one-day dollar rise ever. The Dow is now worth just 9 ounces of gold, its lowest level since 2013 and nearly 80% below its record high priced in gold in 1999. Don't be fooled by inflaton. This is a historic bear market!

[Tucker Carlson @TuckerCarlson]

Gold has so dramatically outperformed the S&P this century that you’d think CNBC would be recommending it to investors. But they’re not. Peter Schiff explains why.

(0:00) Why Schiff Decided to Start Buying Gold
(10:45) You're Being Lied to About Inflation
(23:39) How the Government Secretly Rigs the Economy
(25:25) The Unemployment Rate Is Much Higher Than You Think
(27:27) What Was the Result of the Big Beautiful Bill?
(30:10) Is the Housing Bubble About to Pop?
(36:20) The Real Reason College Got So Expensive
(40:30) The Real Reason Healthcare Got So Expensive
(43:50) Crypto vs. Gold
(58:11) Will Bitcoin Be the New Global Reserve Currency?
(1:02:11) Why Corporate Financial Channels Hate Gold
(1:15:04) The Secret Gold Scam Stealing From Americans

[Lobo Tiggre @duediligenceguy]

Whoa...

Despite what haters say, I remain long and lovin' it!

(Just don't forget your Upside Maximizers to make sure your big wins don't slip through your fingers. ; - )

[zerohedge @zerohedge]

Silver $116, up 12.5%, biggest one-day increase since 2008

[Peter Schiff @PeterSchiff]

Here’s an example of @CNBC and @ScottNations not just making fun of my gold prediction, but also taking me to task for recommending gold over stocks. You can clearly see from the prices that while the S&P 500 is up about 250% since this interview, gold is up about 300%.

[Dave Collum @DavidBCollum]

Just watched The Big Short again. Seemed like the right time to do it.

[Northstar @NorthstarCharts]

Silver eating up years of Bitcoins gains. If we can confirm this breakout at the end of the month, it points to a LONG TERM trend change, with silver outperforming Bitcoin for many more years ahead.

[Patrick Karim @badcharts1]

Most will be shocked. You shouldn’t be.

Crude oil target $400-$500 once we breakout.

[Northstar @NorthstarCharts]

The tech sector peaked 26 years ago versus gold, and is now entering a new DEEP SECULAR BEAR MARKET. Does everyone understand CAPITAL ROTATION now?

[Northstar @NorthstarCharts]

Tech stocks freefalling versus gold and silver, as we said they would. This is the start of a secular shift 👇

[Northstar @NorthstarCharts]

If you expect oil to stay below $200/barrel for the next 5-8 years, you're ignoring 150 years of evidence 👇

[Jordan Roy-Byrne CMT, MFTA ⛏⛏ @TheDailyGold]

Gold is breaking out of a 12-year base relative to stocks, on both daily & weekly timeframes.​

The weekly look is especially compelling & hints at an acceleration of capital out of equities and into gold.​

Precious metals are stretched here, so a pullback or retest would be normal—but the overall signal is extremely bullish.