Are gold and silver up more than 50% in 2025 because investors fear currency debasement, or is this rally just the latest meme trade? In this episode, we explore the supply and demand forces behind gold and silver, discuss investing strategies, and outline what to watch to see if investors truly are worried about debasement.

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Show Notes

The Great Debasement Debate Is Rippling Across World Markets by Ruth Carson, Naomi Tajitsu, and Masaki Kondo—Bloomberg

How long will gold mania last?—Financial Times

Dalio Echoes Griffin in Seeing Gold as Safer Than the US Dollar by Alexandra Semenova, Natalia Kniazhevich, and Lisa Abramowicz—Bloomberg

Gold Reserves by Country—World Gold Council

Gold's rise in central bank reserves appears unstoppable by Jamie McGeever—Reuters

Above-ground stock—World Gold Council

Gold Demand Trends: Q2 2025—World Gold Council

Treasury Term Premia—Federal Reserve Bank of New York

Trey Reik—LinkedIn

Investments Mentioned

iShares Gold Trust (IAU)

SPDR Gold Trust (GLD)

SPDR Gold MiniShares Trust (GLDM)

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How to decide when to invest in municipal bonds versus new tax-efficient bond ETFs that don't invest in munis.

We analyze several newer ETFs that earn bond-like returns while avoiding paying taxable income distributions.

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Investments Mentioned

Vanguard Tax-Exempt Bond ETF (VTEB)

iShares 7-10 Year Treasury Bond ETF (IEF)

JPMorgan Ultra-Short Municipal Income ETF (JMST)

Alpha Architect 1-3 Month Box ETF (BOXX)

F/m Compoundr U.S. Aggregate Bond ETF (CPAG)

F/m Compoundr High Yield ETF (CPHY)

NEOS Enhanced Income Aggregate Bond ETF (BNDI)

NEOS Enhanced Income 1–3 Month T-Bill ETF (CSHI)

Show Notes

US municipal bond defaults and recoveries, 1970-2022 by Moody's Investor Service—Fidelity

Five Reasons Municipals Have Rarely Defaulted by Matthew Norton—Bernstein

470 Plus: Annuities Correction, Europe versus U.S. Value Stocks, Analyzing BOXX, and Accredited Investor Rules—Money for the Rest of Us

Cboe:BOXX | Investment case—alpha architect

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This week there isn’t a regular Money for the Rest of Us episode, but David shares an update on what’s happening behind the scenes. He previews an exclusive Plus member livestream on the forces shaping the next decade, explains why there won’t be a new episode next week, and highlights fresh content available on YouTube, Instagram, LinkedIn, and Substack. David also reflects on consistency, community, and the process of writing his second book. Regular episodes return in October.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.