While gold declines… money printing has reaccelerated. None of the fundamentals that drove gold to record highs have reversed.

If anything, they’ve become even stronger.

– Central banks are still net buyers of gold.
– Global debt levels remain unsustainable.
– Government deficits continue to surge.

This war is reinforcing all of those trends.

Rather than risk the bond market, policymakers will sacrifice the currency through inflation.

This gold bull market is far from over.

Don't forget that the demand for gold has just increased from investors at all levels.

– Central banks
– Hedge funds
– Individual investors

Just look at the drop in gold prices as a chance to buy gold on discount while the money printer runs hot.

— The Gold Guys (@TheGoldGuys) November 7, 2026