"That's because Trump's return to the White House has ripped up the underlying structures, alliances and rules which Western business and capital thought they could rely on. The barbarous relics of pre-modern money have made a dramatic return as bedrock investments. By redrawing the globe into US, Chinese and Russian spheres of influence, Trump accepts the way that Xi and Putin see things. Trump's new world disorder favours military powers who have long been hoarding gold as a symbol of independence and strength."
"While this year has seen gold and silver rise the fastest since 1979, that year was a true outlier amid double-digit inflation, the Soviet invasion of Afghanistan and the Iranian hostage crisis. The more relevant comparison may be against the early 1970s, when gold repeatedly rose by more than 50% per year as the 'Nixon Shock' of abandoning the Dollar's fixed value in gold upturned international norms and confidence."
Gold and silver surged in 2025 as investors reacted to eroding confidence in global systems and shifting geopolitical order. Trump's return to the White House disrupted underlying structures, alliances and rules that Western business and capital had relied on. Redrawing the globe into US, Chinese and Russian spheres of influence has advantaged military powers that hoard gold as a symbol of independence. Central banks seeking anti‑Dollar and anti‑West reserve assets have provided a solid floor under gold's uptrend, while private investment demand has driven the biggest price moves. Comparisons to 1979 and the early 1970s highlight the scale and rarity of recent gains.
Read at London Business News | Londonlovesbusiness.com
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