WHALES AND MINNOWS SWIMMING TO GOLD

By Matthew Piepenburg

Many, from Elliot Wave experts to the dollar-hugging faithful, are asking if we are now reaching a moment of “peak gold”?

The evidence, and answer, is: No.

Gold has made massive price moves in 2025, touching $3500 just days ago and finally making headlines in a politicized world, media and financial system that has otherwise deliberately attempted to ignore and downplay gold for decades.

But can we really blame those silly little “experts” with political incapacities for honesty?

After all, rising gold is proof positive that a debt-soaked nation is in deep trouble, as its currency is no longer trusted, loved, used or wanted.

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GOLD IS NOT PEAKING, IT’S JUST BEGINNING

In this latest Gold Matters discussion, VON GREYERZ principals, Egon von Greyerz and Matthew Piepenburg, speak candidly about the current debt backdrop in which the cycles of currency debasement, market volatility, and...