The Gold Bear and Dollar Bull

Gold is down, the dollar is up measured in gold, and rising interest rates sit under both.

Prices in Gold

Most of what you will read this week prices everything in dollars. This issue gives you a cleaner reference: the same prices measured in gold. One filter that reduces noise so you can judge value with less interference.  In this issue: • What are prices • The noise problem and the gold

How My Portfolio is Positioned

Over the past few weeks, I've had several friends and family members reach out for some general guidance on how to invest and allocate their savings in today's environment. A bit of background on my approach: I've never used a financial advisor and have

The Austrians Saw It Coming

This is a reposted article from Dr. Robert Malone's Substack. It does an excellent job explaining the Austrian School of Economics, the simple concepts behind it, and highlighting a few of its most prominent professors. This type of economic thought relates directly to freegold and the central role

The Hormuz Thesis - What if America is not in a hurry to open Hormuz?

What follows is a shared post from X by @gCaptain @Johnkonrad, on the current naval conflict that is disrupting the global energy trade. The original article can be found at gCaptain. The world’s leading maritime and offshore website, dedicated to quality news and building an interactive community of maritime

USMCA Review: Possible Outcomes and Impacts for 2026

What follows is a Grok-heavy analysis of the current state of US-Canada trade relations, especially as there are only 3 months left until July 1 before USMCA sunset clause kicks in. As with my previous article on Canada-US history, the historical context is vital to understanding where

Canada: The Historical Context of a French-British-American Sandwich

The view of Canadian History from an outside perspective and deeper analysis of the structural processes in motion. It is important to review the historical context, specifically British-US conflicts and trade relations. A simple summary of the 1700s is that Canada was subject to a tug of war between

The Five-Power Convergence: How Five Nations Launched Parallel Purges

Both the mainstream news and narratives on social media generally ignore structural patterns. Our primary interest on this platform is digging deep, and identifying past and present structural processes that are moving us forward. What follows is a shared post from X by @TheDebriefing17 @Homeranger17, highlighting patterns that have been

Currency Peg Fail

We're going to cover a lot of ground today. Hope you brought your reading boots. In discussions about money, inflation, and banking there are handful of historical concepts that are very important to understand. Free Silver, Free Gold, and America's first currency fix under the 1792

The Gold Oil Ratio

The Gold:Oil Ratio is a direct comparison of the price of one oz of gold in oil barrels. It is a great general reference point for sentiment in regards to growth vs capital preservation. The ratio has generally stayed between the range of 10 and 35. Over the past

What is Freegold?

FOFOA is a long-form, pseudonymous blog focused on gold, money, and the failure modes of modern fiat currency systems, written primarily between roughly 2008–2014. It is not a news site or investment blog in the conventional sense. It’s a theoretical framework for understanding what happens to money

The USA Gold Trail

When I first started this blog in 2008 I was a silver stacker, and an enthusiastic student of all things related to the history of gold, silver, and money. Somehow I came across the FOFOA blog as well as writings of Michael Kosares, FOFOA, and A/FOA. While I don&

In Gold We Trust FOFOA Interview

20 Years later – a Freegold Project: Interview with “FOFOA” This interview was conducted by Ronald-Peter Stoeferle ("In Gold We Trust") with FOFOA and originally published in 2019 as a special chapter of the In Gold We Trust Report 2019 by Incrementum AG. Republished here word for word

Hyperinflation of Currencies

James Turk recently raised an important question: are all currencies ultimately moving toward hyperinflation, and how likely is that outcome? If the long-term charts are any indication, even so-called “strong” currencies may not remain strong for much longer. They may outperform weaker currencies for a time, but that

Physical Gold & Silver

Recently, I found myself back at a local coin shop, exchanging inflating dollars for real money. There’s something grounding about walking into a small space where the shelves are lined with tangible wealth—coins, bullion, and pieces from around the world. It’s a reminder of what money looks

Gold Price Fixing

Today we’re going to look more closely at two core ideas that feature here regularly. The first is that the spot price of gold is largely irrelevant, because it has little grounding in physical reality. The second is that unless you are taking physical delivery, you do not own

Two Types of Monopolies

There are only two ways for a business to establish and maintain a monopoly within an industry. The first is by providing a superior and cheaper product or service over the long term. Building a reputation, gaining market share, consistently delivering higher quality, and maintaining competitive margins all usually take

Rising Interest Rates

Editor's Note from 2025: Not only are rising rates not politically correct, but the math doesn't work without lower rates. The sheer volume of principal outstanding is almost $40T now, that's $40,000,000,000,000. Add to that high levels of household, and

Gold Constant, The Anti-Bubble

Editor's Note from 2025: The gold bubble in the 70s, when Nixon removed the gold standard, was not a gold bubble. It was the USD being oversold at that time. An asset being in overbought or oversold territory does not imply there is a bubble. And because we

Real Price Discovery

How can anyone reasonably know how to buy low and sell high when so many markets around the world are distorted by government intervention? Judging value becomes difficult when prices are consistently pulled out of balance. While markets are never perfectly balanced—conditions are always changing—there still needs to

Credibility of Real Money

Despite everything central planning has thrown at them, the market continues to treat gold and silver as real money. How do we know this, and what does central planning have to do with it? Gold and silver remain money because investment demand for both continues to rise as confidence in

Gold Flows

The flow of capital from paper assets to real assets, from debtors to savers, from soft money to hard money, from the occident (land of the setting sun) to the orient (land of the rising sun)—from West to East. Today is a big-picture day. The goal is to

Everything Moves in Cycles

If you spend time educating yourself and paying attention, certain patterns begin to stand out. Over time, recurring themes become difficult to ignore. Three ideas, in particular, tend to surface again and again: everything is connected, everything moves in cycles, and there is very little that is truly new. Consider