VeganCapitalist

“HOW DARE YOU SPEAK LIKE THIS” -Tucker Carlson to Donald Trump One of the most prominent right-wing voices has broken away from Trump, directly criticising him.

Don’s contribution to the community is outstanding. Let’s take a moment to appreciate him.

Australia is now reduced to begging Indonesia to supply us with urea fertilizer which - until 2022 - we used to produce a surplus of. It's produced from natural gas - of which we export 10 times the quantity as we consume here. 🤦‍♂️

Gold is currently $4,650 per oz. Every dip in the past 26 years has been a buying opportunity that paid off. Government monetary or spending trajectories have not changed. Debt and currency devaluations continue. Buying the dip in gold has been a solid strategy for 26 years.

The Money Printers have restarted their engines

The last time France pulled its gold out of New York, the entire global monetary system collapsed within six years. In 1963, De Gaulle launched a secret operation called "Vide-Gousset." 44 boat trips. 129 flights. 3,313 tonnes of gold repatriated from the Federal Reserve and the Bank of England over three years. He believed America's spending would destroy the dollar's peg to gold. He was right. Nixon closed the gold window in 1971. The dollar lost 96% of its value against gold by 1980. Now Macron just did it again. 129 tonnes sold in New York, repurchased in Europe, moved to Paris. The official reason? "Higher quality gold bars." The Banque de France insists the move was "not politically motivated." Here's what actually happened. The BdF made €12.8 billion in profit on the swap by executing 26 transactions at record gold prices. They turned a €7.7 billion net loss in 2024 into an €8.1 billion profit in 2025. That's not a bar-quality upgrade. That's a central bank printing a one-time gain while quietly exiting the U.S. financial system. The queue behind them is what matters. Germany still has 1,200 tonnes in Manhattan. Italy has 1,060 tonnes. Combined value: $245 billion. Politicians in both countries are publicly demanding repatriation. The Taxpayers Association of Europe sent letters to both finance ministries. A World Gold Council survey found 59% of central banks now store gold domestically, up from 41% in 2024. France moved first, made $15 billion doing it, and called it maintenance. De Gaulle did the same thing 60 years ago and called it sovereignty. The vocabulary changed. The trade didn't.

Howard Marks offers a contrarian view on investing: "The investors who never finish in the top quartile are better than the ones who do." He tells the story of a Midwest pension fund manager named Dave Van Bencotton who, for 14 years straight, finished every single year between the 27th and 47th percentile. Howard contrasts Dave with a New York fund manager who had a catastrophic year — a value firm that bet heavily on banks, collapsed in performance, and then justified it publicly with this logic: "If you want to be in the top 5% of money managers, you have to be willing to be in the bottom 5%." Howard's reaction was immediate: "I like the first guy better." That juxtaposition became the title of his very first investment memo, written October 12th, 1990: The Route to Performance. Most investors visualise the normal distribution and think the same way: shoot for the upper tail, swing for the fences, find the massive winners. Oaktree's approach is the opposite. "Cut off the bottom tail." Remove terrible from the equation. If your range of outcomes consists of fabulous, excellent, very good, good, not so good, and so-so — but never terrible — you'll be one of the best performers over time. "Not after one year. Somebody else will swing for the fences and hit it exactly right and will be lionized for her performance that one year." "Who can do it for 30 years?" The lesson is to understand that in compounding systems, avoiding catastrophe is more powerful than hitting a home run.

Investors don’t realize gold ALWAYS crashes during an oil-driven crisis. It happened in all major oil shock in the last 50 years - 1973, 1979, 1991, 2001, and 2022. In this thread, I'll break down exactly why it happens and what institutions expects happens next:

Something big might be coming. Funny how when gold was at $1,800, the same kind of aggressive trolls were out in force telling everyone it was heading back to $1,000. It is too bad for the poor fools who fell for those no-name burner account trolls on social media.

Don’t fall for this. Recently, more reports are surfacing indicating gold’s looming doom... nonsense - Gold plunged in the 80s because Volcker pushed rates to 20% - Back then, debt-to-GDP was at ~30% - With debt-to-GDP at ~120%, the US can’t afford it This is the time to accumulate gold... not sell it

My two cents on the repatriation of French gold bars: - France asked to return their 12.5 kg gold bars - US had already sold them - US offered to wire the money - France accepted and bought new 12.5 kg gold bars in London - Both countries agreed on the following spin to sell the story: - new bars bought to ‘meet current standards’ - Spin is 100% bullshit - 12.5 kg 999.9 pure gold bars have always been 999.9 pure gold bars of 12,5 kg - previous gold repatriations always happened without the ‘ need for ‘current standards’ - MSM doesn’t ask questions and prints spin - Another PR disaster avoided for the US/FED - The rigging of the dollar system can go on - The can can be kicked a bit further down the road

Nearly 1000 years of GOLD's monthly close price data By design, our 5-digit oz future is inevitable

Translation: New York didn’t have the gold, so France’s central bank sold their paper gold in New York for $$$, then bought real gold in Switzerland.

Warren Buffett knows something that the rest of us don’t…

Wild. None of us own enough gold.

WELCOME TO THE BEGINNING. WE WILL MAKE SILVER GREAT.

Below is a complete list of all countries that ban nuclear power but have 30% of the world's uranium reserves. 1. Australia 🇦🇺

savers and investors, please pay attention. I believe this trend will accelerate

Ever get the feeling that the government is screwing us.

The great print begins. The Australian government will soon be printing atrocious amounts of money. This is how it starts. Supporting critical businesses, then small and medium sized businesses, then entire distressed market segments. People see interest rates going up and say “this means the Australian dollar will rise!!” WRONG in a balanced economy yes. But not now. It’s completely missing the point that high rates are driven through long term inflation expectations and free markets DEMANDING higher REAL yields. Completely missing the point that high interest rates proceed to CRUSH the local economy by strangling loans that fuel private industries. The result being government intervention on every level, from supporting small businesses, to market segments, to stepping in to prop up the entire short term Australian bond market And thus CRUSHING the Australian dollar to historical lows. And Australian house prices? You’ll hear a lot about what I have to say about those soon.