Gold recently surpassed $3,000 an ounce, reflecting accelerating fiat currency devaluation as central banks shift to bullion reserves over bonds. Both gold and silver have outperformed dividend-reinvested stock indices this century, despite financial education largely ignoring precious metals since the 1970s. Rising precious metal prices correlate with concerning US budget deficits, higher interest expenses, and dollar weakness, validating physical bullion as protection against fiscal irresponsibility.

London silver reserves hit critical lows with an 18% drawdown last month. Analysts warn of supply shortages as silver inventories reach record lows and lease rates climb. Amid market uncertainty and tariff threats, experts predict silver prices will surge as derivatives markets face a potential supply squeeze.

This week's SD Bullion Market Update covers Elon Musk’s appearance on Joe Rogan and Luke Gromen’s insights on gold, debt, and the U.S. financial system. It highlights the growing U.S. debt crisis, the historical value of gold relative to debt, and the potential for a gold revaluation. Platinum market trends, including backwardation and historical price ratios, are also analyzed.

Trump makes plans to visit Fort Knox as gold takes center stage in the 21st-century bullion bull market. From COMEX inflows to silver supply deficits, explore why we’re still early in the gold and silver rally. Don’t miss this deep dive into market shifts, central bank moves, and what’s next for precious metals.

Explore theories about potential US gold revaluation from $42 to $3,000 per ounce, the speculative Mar-A-Lago Accord involving global powers, and current gold market dynamics including price spikes, supply shortages, and regional premium differences. Learn why gold's 2025 performance is multiple standard deviations above historical averages.

We invited the Perth Mint for an in-person visit to our facilities for a tour of the SD Bullion Vault. We were fortunate to sit down with them after the tour to learn more about what makes the Perth Mint special. We asked them a ton of questions that we hear from our customers. We learned a lot about Perth Mint products including some of the fan favorites such as the Lunar Series coins, Kangaroo coins, Kookaburra Coins, and Koala Coins. Being responsible for creating some of the world's most popular animal coins, the Perth Mint shares what coins are the customer favorites and what makes them so popular. We also get the inside scoop on Perth Mint’s growth strategy as well as their historical presence within the local community of Perth. We learned about all of this and more in today's episode of the SD Bullion Podcast. We hope you enjoy this exclusive access to one of the world's largest mints, brought to you by SD Bullion.

In January 2025, the London gold and silver markets are experiencing unprecedented withdrawals, with 4.8 million ounces of gold and 71 million ounces of silver being pulled from inventories amid rising geopolitical tensions and potential market manipulations. The Bank of England is managing significant gold withdrawal challenges, while the Trump administration is exploring using gold reserves as a policy tool to stabilize the US dollar and global economic dynamics. The spot gold price has dramatically increased to $2,860 per ounce, central banks are consistently purchasing over 1,000 tons of gold annually, and the market remains largely opaque with complex movements occurring between London, Switzerland, and US warehouses.

There is unprecedented uncertainty in the precious metals markets, driven by potential Trump tariffs and potential disruptions to silver and gold imports from Mexico. The Bank of England is experiencing significant gold withdrawal delays of 1-2 months, challenging the traditional spot gold market's prompt delivery model. The global silver market faces a projected supply deficit of 149 million ounces in 2025, marking potentially the seventh consecutive year of demand outstripping supply. Spot gold has reached a new record nominal high of nearly $2,800 per ounce, while the market grapples with massive pricing discrepancies and potential market-shaking tariff exclusions.

Gold continues to lead the precious metals rally, reaching new all-time highs in multiple currencies including the US dollar at $2,771/oz, while silver lags behind at $30.57/oz with a gold-silver ratio of 90. Major supply constraints are emerging in the silver market, with US refineries facing three-month backlogs for COMEX Good Delivery Bars and industrial consumers struggling to source reasonably priced physical silver, amid a reported billion-ounce supply deficit over the past six years.

Precious metals markets are under pressure as gold hits $2,725 amid massive COMEX inflows and depleted London vaults, with gold lending rates surging to 15% and concerns mounting over potential Trump tariffs. Unprecedented demand continues as Chinese buyers pay 10% premiums for industrial silver while London vaults empty, creating historic divergences between spot and futures prices.