Spot Price Update: While gold and silver prices have done well in recent sessions, what master investors, like Ray Dalio and Paul Tudor Jones, among others, are suggesting is that both levels are materially below where they will be in the future as our debt fiasco matures.  

For the latest spot pricing and performance charts, click here.

The New Global Reserve Currency: Central banks around the world have boosted their gold reserves to levels not seen since the 1970s. At current market values, gold now makes up 20% of their total reserves, overtaking the euro, which has fallen to just 16%. 

Trade Without the Dollar: Turkey and China have renewed a major currency swap agreement worth up to $4.8 billion, aiming to strengthen trade in local currencies and reduce reliance on the U.S. dollar. Additionally, the two countries signed a separate pact to establish a renminbi clearing system in Turkey, enabling direct trade in Chinese yuan.

In other news, more U.S. importers are being asked to pay in foreign currencies as international partners seek to reduce their reliance on the dollar.

Past performance is not indicative of future results.