Gold: Gold touched a new high of $3,895 before edging lower, leaving it still close to record territory.
Silver: The gold:silver ratio slipped to 81, the lowest level since October last year.
Platinum: CME net managed money longs rose to 928koz, their highest level since February.
Palladium: Toyota’s vehicle production in August fell by over 12% q/q to 744k units.
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U.S. States Lead Grassroots Sound Money Revival
On the domestic front, J.P. Cortez reported unprecedented legislative momentum for sound money in 2025:
“This year is the greatest sound money year in the history of our organization.” More than 32 U.S. states—over 70%—introduced legislation concerning gold and silver.
Key policy wins include:
Eliminating sales tax on gold and silver purchases in numerous states.
Removing capital gains tax on precious metal sales.
Wyoming’s $10 million gold reserve, physically held in-state and listed on its balance sheet.
read more - www.soundmoneydefense.org/news/2025/07/28/central-…
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Gold and silver prices are higher in early U.S. trading Monday, with gold hitting another record high and silver another 14-year high.
Safe-have demand is featured as the U.S. government could shut down at mid-week. December gold was last up $48.00 at $3,856.80. December silver prices were up $0.574 at $47.23
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$20 in 1998: full cart. - $20 in 2005: half cart. - $20 in 2013: crumbs.
Silently robbing you of purchasing power since 1913, and people still trust fiat.
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Gundlach believes holding a 25% gold position isn't excessive, while on CNBC yesterday.
And Morgan Stanley’s CIO Mike Wilson is advocating a shift from the traditional 60/40 portfolio to 60/20/20 (equities/bonds/Gold), where Gold is the “anti-fragile” hedge complementing high-quality stocks.
Weigh in. Is a 20% allocation of Gold enough?
watch video on watch page
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Foreign central banks now own more gold than US Treasuries for the first time in 30 years, per Bloomberg. watch video on watch page
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According to the U.S. Census, the average home price in 2000 was $119,600. The average gold price for that year was $279/oz. That means it took roughly 429 ounces of gold to buy a home.
In 1970 it took 665 ounces of gold to buy the average house.
Today the median home price is $410,000, while gold is currently priced at roughly $3,660/oz.
It now takes just 112 ounces of gold to buy a home. Home prices have fallen dramatically over the past 55 years, if you measure with a more reliable yardstick.
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I want you to know that your nation's debt is your concern. You must not ignore it; you must protect yourself from it.
Don’t sink with the ship. Build your own boat.
watch video on watch page
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Your Financial Enemy:
The very existence of central banks may be seen as confirmation of the Austrian economics thesis—articulated by Hayek.
Regarding the impossibility of the state to accurately interpret economic signals and, therefore, to regulate the economy effectively.
watch video on watch page
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My wife and I are saddened and sickened by the evil that took the life of Charlie Kirk.
We’re praying for his family and our nation.
This is a tremendous loss. And an evil act.
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Finance Lab: Preserving wealth amid rising debt, fading trust & collapsing currencies with precious metals.
▶ Financial News & Education:
Join us for videos on Monetary Policy, Precious Metals, Economics, Finance, Geopolitics, and Contrarian views.
▶ About Finance Lab:
Ric Bender, Finance Lab founder and host is a former FINRA-Registered Financial Advisor, a student of the "Austrian School" of economics, a "Sound Money" advocate, and a “Wealth Preservation” evangelist.
▶ Content Disclaimer:
Content is for informational, educational and entertainment purposes only.
The views expressed in Finance Lab videos, or by our host Ric Bender, are for informational purposes only and should not be taken as financial advice. Investing in gold or other assets involves risk. Past performance does not guarantee future results. Consult a qualified financial professional before making investment decisions.