image001.jpg

Weekly Article 09/26/2025 - ADV Gold Misinformation

As I watch the financial game shows, I don’t know whether to laugh or cry. I laugh at the lack of knowledge about gold and silver in particular but because of the negative spin they put on it many have missed out on substantial gains. As a matter of fact, the best performing asset class since the year 2000 is gold- and that is with MAJOR price suppression efforts that are still ongoing. I cry for those misinformed.

As a matter of fact, I have seen is “experts” coming on and saying gold has topped- SELL.

Keep in mind that all gold does is hold its purchasing power and exposes the weakness of fiat currencies. I remember the same narrative in Japan in 2015 when gold reached 120,000 -yes one hundred twenty thousand yen. Today, it takes 562,595 yen to buy one ounce of gold. They started “printing “, before we did. It is not how high can gold go- it is what is the floor for the dollar. An important point to remember when hypothesizing about price tops.

I hear no mention of central banks buying hundreds of tons of gold yearly. I hear nothing about how JP Morgan famously said, “Gold is MONEY all else is credit”. The main reasons to keep the price of gold down is to make the dollar appear strong and as a good store of value. Obviously, the central banks are aware that dollar assets can be seized and, on top of that, there is NO CHANCE the debt will be repaid with the dollar maintaining anywhere near its current price. Notice I said price because as a unit of debt it actually has no intrinsic VALUE. Only perceived value.

Of course, those “in charge” want you in dollars, crypto, etc. while they buy up hard assets.

The current and probably most all wars are fought over economic dominance and the natural resources needed for the sustenance of life.

My guess is that there are some major events on the horizon that the price of gold is forecasting. It is likely that the central banks and those in the know are already aware of whatever is planned and are positioning accordingly.

As the stock and bond “markets” are artificially propped up many insiders are selling shares and the supposedly smartest money in the world (central banks) are selling bonds and buying GOLD. Many countries are now stockpiling silver also. Even Warren Buffett, supposedly the greatest stock investor of all time has a record amount of CASH. (Around $350 BILLION). This appears to suggest that Mr. Buffett thinks- as many do- that stocks are critically overvalued and there will be a far better entrance point somewhere down the road. (Form 4 reporting and US Treasury)

I believe if it weren’t for the paper games gold would already be FAR higher than its current price. It is obvious on the charts that a LOT is being done to keep it from breaking out FAR higher. I believe it is just a matter of time. I am attaching a screen shot from Kitco that shows what I am talking about. This is from Sept. 26, 2025 at 7:55 AM and already there have been SIX major attempts to drive the price lower with a corresponding blast higher as someone is buying each and every dip. This is why the paper games are in BIG trouble. In the past, almost no one would take delivery of the physical metal which allowed the banks to pretend that there was FAR more gold and silver available, and they could use paper trades to suppress the price. Since entities are now taking delivery, it is draining supply, and the physical market is now taking over the paper market for pricing power. Does this look like a stable asset that has held its value over 5000 years? This is nothing but manipulation that will end VERY badly for anyone on the naked short side of this trade.

(See page 3)

Keep in mind that a reconning is bound to come. When is anybody’s guess but the riots in the streets, the large move up in gold and silver prices along with inflation that is a harbinger of change, it appears it may not be too far away.

When this happens, I believe that those assets that are artificially propped up will have a LONG way to go to get to the actual VALUE of the asset. I also believe that those suppressed assets will be like a beach ball that has been submerged and then is freed from the water.

It is probably a good idea to look at what assets you are holding and how you feel about what may happen in a variety of outcomes. It will pay to …

Be Prepared!

Any opinions are those of Mike Savage and not necessarily of those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. The information in this report does not purport to be a complete description of securities, markets or developments referred to in this material. The information has been obtained from sources deemed to be reliable but we do not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.

Raymond James is not affiliated with and does not endorse Kitco.com

Commodities are generally considered speculative because of the significant potential for investment loss. Commodities are volatile investments and should only be a small part of a diversified portfolio. There may be sharp price fluctuations even during periods when prices are overall rising.

Precious Metals, including gold, are subject to special risks including but not limited to price may be subject to wide fluctuation, the market is relatively limited, the sources are concentrated in countries that have the potential for instability and the market is unregulated.

Diversification does not ensure gains nor protect against loss. Companies mentioned are being provided for information purposes only and is not a complete description, nor is it a recommendation. Investing involves risk regardless of strategy.