We’ve been long gold for a while, and our conviction has only grown stronger. The headlines will always distract you — one day telling you gold is overpriced, the next insisting it’s not the time to buy. Ignore ignore ignore. The thesis is simple: gold is the ultimate hedge against inflation, and inflation is only heading one way.
Once the Federal Reserve crossed the Rubicon years ago with its balance sheet, there was no going back. The floodgates are open, and the idea that they can “dial it back” is pure fantasy. When governments can’t stop printing, real value gets destroyed, and hard assets are the only rational counterweight. Gold sits at the top of that list.
The role of gold is not speculative. It is foundational. In a world where central banks are trapped, debt loads are unsustainable, and liquidity injections cannot be withdrawn without systemic risk, gold stands as the single most reliable counterbalance.
Gold is not just another commodity. It is the foundation of wealth preservation. And right now, with monetary policy gone off the rails, it’s more important than ever to position accordingly.
Price Target: By year end 2026, gold will be trading above $4,500/oz