When laid out chronologically, the correlation becomes undeniable: economic instability and skyrocketing government debt have consistently driven long-term, secular bull markets in precious metals.
1971
1971
Nixon Shock
Pres. Nixon ends the Gold Standard; dollar is no longer convertible to gold.
1980
1980
Volcker Shock Begins
Fed raises rates toward 20%. Hunt brothers corner silver market.
2001
2001
9/11 & Dot-com Bust
Attacks on WTC. War in Afghanistan begins. Market bottoms.
2008
2008
Global Financial Crisis
Lehman Brothers fails. QE1 begins. Debt hits $10T.
2011
2011
US Debt Downgrade
S&P downgrades US credit rating. Metals hit new highs.
2020
2020
COVID-19 Pandemic
Trillions in stimulus (CARES Act). Fed cuts rates to 0%.
2025
2025
The Debt Trap
Debt surpasses $38T. Historic precious metals rally.
The Math is Unavoidable
The debt is now so large that the only "solution" is to devalue the money it's counted in. Gold at $4,300 is not the end; it is the market's realization of this mathematical certainty.