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Preparing for the Wrong Future

July 10, 2026 The other day I was fortunate to receive a report from Fordham Global Foresight, the independent advisory business founded by geopolitical strategist Tina Fordham. It begins with a question its authors hear repeatedly from business leaders and senior executives: “When will things go back to normal?” It’s probably a question I myself am guilty of […]

Gold & Silver: Asia’s New Clearing System Is Now Live: The Structural Story

July 9, 2026 Gold and silver have had another volatile week. At the time of writing, gold was trading close to $4,100 an ounce, having recovered some ground after renewed tension around Iran and the Strait of Hormuz. Silver remains under greater pressure, after another sharp move lower this week. The immediate drivers are nothing we haven’t spoken […]

America at 250: What Is the Dollar Still Independent From?

July 3, 2026 This weekend the United States will celebrate 250 years of independence, and it will do so in the manner one would expect; with fireworks, flags, flyovers and speeches. Two and a half centuries is no small achievement for a country that began with a declaration, a war and a robust complaint about taxation. Anniversaries, however, […]