Category
Macro Environment & Strategy
Connecting coins and bullion to macro conditions (inflation, rates, currency, geopolitics) and stacker/collector behavior.
Does Gold Go Up in a Recession? Seven Downturns Compared
October 20, 2026
Ask a room of coin collectors whether gold goes up in a recession and most hands will rise. It’s one of the oldest beliefs in the hobby, and it has a decent record behind it. It also has a few ugly exceptions that tend to get left out of the retelling, and those exceptions are […]
National Debt and Gold Prices: What the Record Shows
October 1, 2026
Ask a room full of metals buyers why they own gold and someone will point at the debt clock. The federal government crossed $40 trillion in total debt outstanding in late August 2026, and by September 25 the Treasury’s own Debt to the Penny series put it at $40.097 trillion: about $32.39 trillion held by […]
Gold Price Correction History: How Deep and How Often
September 27, 2026
Gold closed Friday, September 25, at $4,284.91 an ounce. That is a fine price by any standard that existed two years ago, and it is also roughly 23% below the $5,589.38 the metal touched intraday on January 28. Both facts are true at once, which is why the same question keeps arriving in two tones […]
Are We Running Out of Gold? What the Supply Numbers Show
September 23, 2026
Ask a room of gold owners where their metal came from and most will name a dealer, a mint, or a grandparent’s safe deposit box. Ask where it came from before that and the answers thin out quickly. It is a fair blind spot. The gold market talks about interest rates, the dollar, and central […]
What a Fed Rate Hike Means for Gold, and What History Shows
September 16, 2026
For three years the only question at a Federal Reserve meeting was how fast the committee would cut. On Wednesday afternoon the answer went the other direction. The FOMC raised its target range for the federal funds rate by a quarter point, to 3.75 percent to 4.00 percent, the first increase since July 2023, and […]
What Is the Gold-to-Silver Ratio, and Does It Matter?
September 14, 2026
Divide the price of gold by the price of silver and you get one number. On September 14, 2026, with gold trading near $4,288 an ounce and silver near $63, that number was about 68. It takes roughly 68 ounces of silver to buy a single ounce of gold. That is the entire calculation. No […]
Is There a Best Time of Year to Buy Gold?
September 11, 2026
Gold opened Friday, September 11, 2026 at $4,359.40 an ounce, down roughly 1.1% from the previous close and the lowest the metal had traded since August 6. Ask around for a reason and you will get several. The August CPI report was due, expected to show consumer prices up 3.4% from a year earlier. Futures […]
Quantitative Easing and Gold Prices: What Actually Happened
September 8, 2026
The Federal Reserve spent three and a half years shrinking its balance sheet, then quietly stopped. Runoff ended on December 1, 2025. Since early January 2026 the System Open Market Account has been buying Treasury bills again, close to $250 billion of them by the start of July, and total assets stood at $6.74 trillion […]
The Gold-to-Oil Ratio and the Dow-to-Gold Ratio, Explained
September 3, 2026
A single number, the price of gold, tells you less than it seems. Gold at roughly $4,450 an ounce in early September 2026 sounds like a lot, and it is a record in dollar terms, but a dollar is a moving yardstick. To judge whether metal is dear or cheap against the rest of the […]
Does Gold Go Up When the Fed Cuts Rates?
August 30, 2026
The textbook version is tidy. The Federal Reserve lowers interest rates, gold has no yield to compete against, so money rotates into the metal and the price climbs. People repeat that story because it is right often enough. The trouble is that the historical record is far messier than the textbook, and a saver who […]