Weekly Recap
Milei's Nod to Doug's Wisdom, Expat Life and Investing in Thailand, Banks Reaped $1 Trillion Windfall From Fed's High Interest Rates, Gold Breaks the $2,700 Mark, Silver Needs 5x to Peak In Real Terms
Beyond Pesos, Dollars... and Gold Bars
I woke up today to an email from my buddy and old colleague, Nick Giambruno. Turns out Argentina’s president, Javier Milei, retweeted a clip from one of Doug’s interviews.
Doug Casey's Take on Thailand
Before Doug left Thailand he sat down with Ben Hart, an American lawyer-turned-Thai citizen, Michael Yon, and Masako Ganaha for a conversation about Thailand.
The Great Bank Heist
Remember when your parents told you there’s no such thing as free money? Well, they clearly never ran a bank during the Federal Reserve's high-interest rate era.
Boom!
Back in May, I wrote about how despite the recent rally to over $2,400 per ounce, gold still hadn't topped the 1980 all-time high when adjusted for inflation. As I mentioned:
Poised for a Breakout
In yesterday’s essay, I talked about gold’s big moment as it finally broke through its inflation-adjusted all-time high, passing the $2,700 mark. It’s a huge milestone, and I get why some folks might…