| 2. The dollar is tumbling. In 2019, the U.S. government paid $375 billion in interest on its debt. This year, that number is expected to be nearly $1 trillion. The interest has already eclipsed our entire defense budget and will soon overshadow spending on Medicare. The out-of-control spending and deficits are one reason the U.S. dollar is tanking. The other reason is that President Trump wants a weak dollar because it boosts exports. When the dollar falls, gold rises. 3. Central banks are loading up. The United States has increasingly weaponized the dollar, freezing dollar-denominated assets of rogue countries like Russia. As a result, foreign central banks are turning to gold to offset their risk of holding dollars that could be seized. China has been buying gold for the past 14 months, with gold now accounting for 8.5% of its total reserves. Russia owns even more than China. Poland announced late last year that, despite high prices, it is increasing the percentage of gold in its reserves from 21% to 30%. You can see that in 2024 and 2025, in every month except one, the world's central banks bought more gold than they sold. Ten years ago, 66% of the world's foreign currency reserves were held in dollars. Today, that number is down to 57%. A few countries, including Kazakhstan and Turkey, have more than half of their reserves in gold. There is huge demand for gold at the moment. If you don't own the metal (or gold-related assets), you are missing out on one of the great bull markets of our lives. Good investing, Marc P.S. I recently met with a gold expert who believes gold is setting up for a run toward $10,000 an ounce. At a special event on Wednesday, March 4, he will explain how the White House may use an obscure law from the 1970s to fundamentally rewrite the price of gold... and why a small group of gold stocks could soar 20X or more as this cycle plays out, just as dozens did in the 1970s. The event, which we're calling "The 20X Gold Window," is completely free to attend, but you must register. (You can do so in less than 20 seconds right here.) Everyone who attends will receive the name of one gold stock from this expert's portfolio - a company I helped select. Click here to reserve your spot for free. | 
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