Inflation is back in the spotlight, commodities are getting hammered, and investors may be underestimating the next hard-asset boom. A central bank has launched a service to store gold for foreign central banks

The Fed crushed inflation with brutal rate hikes in 1980. Can the U.S. afford to do that again?

Commodities and miners are down on a hot inflation print.

At the same time, commodities were the best-performing assets during the inflationary 70s.

The only difference is that the US could crush inflation in 1980 via rate hikes…

Which it can't do now.

History will rhyme,… pic.twitter.com/LZaI944VGr

— Lukas Ekwueme (@ekwufinance) November 10, 2026

Price Increases over last 7 years…
New Cars: +24%
Used Cars: +28%
Groceries: +33%
Shelter: +35%
Family Health Insurance: +37%
Restaurants: +40%
Transportation: +43%
Electricity: +45%
Auto Insurance: +49%
Gas Utilities: +57%
Home Prices: +59%
Gasoline: +62%
Ground Beef: +76%… pic.twitter.com/USJ8uW0NoT

— Charlie Bilello (@charliebilello) November 10, 2026

You have 3 very interesting developments unfolding in the global gold market:

Singapore:

Its central bank has launched a service to store gold for foreign central banks, with a capacity of 500 tonnes.

China:

Beijing is courting foreign central banks to buy and store gold in… pic.twitter.com/IXcZOjZA22

— Gold Telegraph ⚡ (@GoldTelegraph) November 11, 2026

BREAKING: Global central banks bought +321 tonnes of gold in Q3 2026, their largest quarterly purchase since Q4 2024.

This also marks their 5th-largest quarterly purchase on record.

Central bank gold purchases were up +8% from +296 tonnes acquired in Q2 2026 and up +453% from Q1 2026.

By comparison, the 5-year quarterly average stands at +227 tonnes.

China and Poland led Q3 demand, adding +63 tonnes and +40 tonnes, respectively.

Year-to-date, global central banks have purchased +675 tonnes of gold, up +6% from the same period in 2025.

Central banks are aggressively buying the dip in gold.

BREAKING: Global central banks bought +321 tonnes of gold in Q3 2026, their largest quarterly purchase since Q4 2024.

This also marks their 5th-largest quarterly purchase on record.

Central bank gold purchases were up +8% from +296 tonnes acquired in Q2 2026 and up +453% from… pic.twitter.com/tzZGYtb5do

— The Kobeissi Letter (@KobeissiLetter) November 11, 2026