For years, the mainstream insisted that gold’s flaw was its lack of yield. But as 2025 ends, the financial environment that made that argument sound reasonable has vanished.

Government debt no longer looks safe. Central banks improvise policy in real time. Equity markets are driven by a narrow cluster of firms. Bonds no longer offer ballast. The once-celebrated 60/40 portfolio has lost the conditions that allowed it to function.

In this environment, the real cost is not the yield forgone by holding gold it’s the vulnerability incurred by avoiding it.

In this video, we break down:
• Why the “gold has no yield” argument is now obsolete
• How improvised fiscal policy has destabilized traditional portfolios
• Why equities look strong on the surface but fragile beneath it
• How bonds

Gold’s price is no longer behaving the way investors were taught. The old model jewellery demand, Western investor flows, ETF speculation, and real yields have broken down. Something far bigger has taken its place.
For the first time in modern history, the largest buyers of gold are the ones who do not care what it costs.

Special thanks to VBL on the GoldFix Substack, whose deep analysis of SocGen’s and Deutsched Bank’s research notes both inspired and heavily informed this entire discussion. Check out the GoldFix Substack.
Central banks, sovereign institutions, and state-linked entities are accumulating gold as insurance against the consequences of their own policies, not as an investment trade.

In this video, we break down:
– Why gold now behaves like an asset with inelastic demand

A private crypto company has become one of the largest gold buyers on earth, bigger than many central banks. Not a government. Not a sovereign wealth fund. A stablecoin issuer: Tether.

In this video, we break down how a privately issued digital IOU has accumulated more than 116 tonnes of physical gold, influencing nearly 2% of global demand and up to 14% of central bank buying in a single quarter.
This raises two critical questions:

What does it mean when the world’s oldest safe haven becomes intertwined with the newest source of synthetic liquidity?

Does Tether introduce fragility into a market prized for its independence?

Jan Skoyles explores:
– How Tether became a major marginal gold buyer
– Why XAU-backed tokens carry risks that physical gold doesn’t
– The creation of a

In this episode, Jan sits down with GoldCore Director Stephen Flood to dig into one of the most important financial themes of our time: personal sovereignty, de-dollarisation, and the rediscovery of gold as the world’s ultimate form of financial insurance.

Stephen has been a director at GoldCore since 2003 and has seen the full arc of how public perception toward gold has shifted from a fringe idea to a necessity for long-term financial security.

Together, they break down:
Why conversations about gold at dinner tables have completely changed

What central banks are signalling with record-breaking gold purchases

The difference between holding gold and holding an ETF “representation” of gold

How physical metals provide insurance no digital or financial product can replicate

Why gold

Trillions of dollars are flowing into an interconnected circle of firms, creating "closed-loop spending" that inflates valuations.

Financial historian Niall Ferguson argues we are deep in the "mania phase" where enthusiasm always outruns economic reality. When correlations are this high, your portfolio is more fragile than you think.

Jan Skoyles breaks down:
How circular finance makes the AI trade vulnerable to a sudden shock.

Why does the current pattern rhymes with classic financial bubbles (Kindleberger’s stages)?

Where to find genuine stability when the mainstream narrative is fragile: Structural signals in Gold and Silver that are strengthening outside the tech cycle.

Stability is not an accident; it’s a choice built with assets that are independent of the current hype.

Book

Last week silver was promoted not by the market, but by the U.S. government.

It’s now officially a critical mineral. On paper, that sounds like recognition. In practice, it could change how silver trades, moves, and is controlled.

In this episode, Jan Skoyles breaks down what this new “critical” label really means for investors, for policy, and for the freedom of money itself.

Inside the episode:

Why Washington added silver to the 2025 Critical Minerals List

How this status could reshape trade, tariffs, and supply chains

Why the market’s reaction reveals deeper shifts in physical demand

The five subtle changes that follow when a metal becomes “critical”

Why investors should see this not as warning, but as opportunity

Silver’s greatest strength has always been its independence

Every time gold and silver rise, we’re told it’s a fluke a reaction to headlines or fear. But what if what’s temporary isn’t the rally, it’s the illusion of control?

In this episode, Jan Skoyles breaks down why this isn’t a speculative detour but a continuation of a long, structural revaluation of truth and of trust.

In this episode:

Why the bull market in gold and silver never ended, just paused

What volatility really means and why it’s a feature, not a flaw

How deficits, debt, and political dysfunction keep driving real assets

Why central banks and investors are buying dips, not panicking

Why silver’s leadership is still ahead, not behind

This isn’t about hype it’s about arithmetic.

When money creation outpaces growth, when trust erodes faster than policy can fix it, tangible