The Gold
Supercycle

The Whales Entered the Chat

Post-2022, Central Banks stopped selling and started panic-buying.

• De-Dollarization: Sanctions on Russia scared other nations. If the US freezes Dollars, Gold is the only neutral money.
• Record Volume: 2022-2025 saw the highest central bank purchases in history.

The World Got
Messy

Gold is the ultimate "Safe Haven." When anxiety goes up, Gold goes up.

• War Premium: Ukraine (2022) and Middle East conflicts (2023-25) drove investors to safety.
• Trade Wars: Renewed US-China tariffs in late 2024 created massive policy uncertainty.

The Stimulus
Hangover

We printed too much money. Now we are dealing with the consequences.

• Inflation Hedge: The post-COVID inflation spike eroded trust in fiat currency.
• Debt Spiral: US Debt passed $37 Trillion. Investors are hedging against sovereign debt risk.

The Fed
Pivoted

Gold pays 0% interest. It hates high rates. But that changed.

• Rate Cuts (2024-26): As central banks cut rates to save the economy, the "opportunity cost" of holding Gold dropped.
• Real Yields: Even when rates were high, Central Banks kept buying. When rates fell, the rocket took off.

The Asian
Bid

While Westerners bought Nvidia, the East bought Gold.

• China: Property market collapsed → Citizens moved savings into Gold Beans & Bars.
• India: Economic growth fueled massive jewelry consumption despite record high prices.

Timeline of the Rally