Show Notes
For the first time in thirty years, gold has surpassed U.S. Treasuries as the world's largest reserve asset — a shift that carries real implications for individual investors in June 2026. Elena Reyes examines what is driving central bank gold accumulation, how eroding real incomes are squeezing household purchasing power, and why the structural trajectory of U.S. federal debt matters to anyone holding or considering precious metals. She explains the difference between short-term geopolitical noise and deeper systemic forces, and addresses what physical gold and silver actually offer a portfolio — including the honest caveat that gold dropped in 2022 even as inflation peaked. The episode draws on data from Goldman Sachs, J.P. Morgan, and Federal Reserve PCE reporting to ground each argument in specific evidence rather than speculation.
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