Hi everybody,
We’re back for another audio newsletter — and wow, there’s a lot to cover. The last month or two has been pretty hectic as I’ve tried to keep everyone informed about the many developments in the metals space. I’ve spent a lot of time writing articles recently, but I thought it was time to sit down and have a conversation with you all about the different narratives in play.
After nine straight weeks of positive price action in gold, we finally have a pullback. It’s a good moment to reflect on the lessons we can learn from the great gold bull market of the 1970s — but also to see where today’s story diverges. What we’re living through now is truly unique. While there are echoes of the past, there will also be plenty of unexpected twists and turns along the way. In this newsletter, I’ll share some speculations on that.
Also, I just wanted to extend a huge thank you to the Parallel Systems long haulers for helping us hit 1 million views on YouTube.
This one’s dedicated to you!
In this issue, I cover:
Lessons from the 1970s bull market for today
Why a pullback in gold and silver is healthy
Why physical gold wins in a bull market
The risk of gold and silver miners being nationalized
Why Stablecoin is a doomsday device for the system
How Bitcoin acts as a release valve for inflation
The secret oil agreement designed to keep prices low
Gold-indexed Treasuries and the plan to anchor debt to gold
Hiking with Tom Bodrovics & the Luke Gromen interview
As always, thank you for your continued support — and don’t forget to check out the recommended podcasts below.
Mike
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