GSG Weekly Market Wrap – 9 July 2025
This Week
- GSG Weekly Market Wrap – 9 July 2025
- Weekly Price Overview – 9 July 2025
- The Debt Dilemma: Why Dalio Backs Gold (and Keeps a Little Bitcoin)
- A New Fed Head? More Printing Likely
- Central Banks: Hoarding Gold While Preaching Fiat
- Chart of the Week
- Affluent Investors Follow Suit—Gold Allocations Double
- But Where’s Main Street? Why Most Aren’t Buying Yet
- Meme of the Week: Central Banks Two-Timing Fiat
Estimated reading time: 5 minutes
Weekly Price Overview – 9 July 2025
Precious metals had a mixed week; silver outperformed while the NZD slid sharply against the USD.
🟡 NZD gold climbed $32 to $5,509.20 (+0.59%), holding above $5,200 support. USD gold slipped $39 to $3,298.91 (-1.18%), staying within its channel above the green trendline.
⚪ NZD silver jumped $1.91 to $61.17 (+3.22%), near all-time highs. USD silver added $0.51 to $36.63 (+1.41%) after testing $37.50 resistance. Both maintain strong medium-term uptrends with pullback buying zones.
💱 NZD/USD fell 107 bps to 0.5988 (-1.76%), reversing after nearing downtrend resistance. Longer-term technicals still hint higher, but near-term weakness has lifted local metal prices.
📈 With silver leading and gold holding support, dips continue to offer attractive accumulation points for long-term holders.
The Debt Dilemma: Why Dalio Backs Gold (and Keeps a Little Bitcoin)
Central banks are trapped. With debt piles at historic highs, there’s one “hidden” policy lever they keep reaching for—shrinking your wealth quietly through currency devaluation.
Ray Dalio warns it’s happening again. His hedge? Gold—though he admits to holding a little crypto too.
Should you?
Read why Dalio sees hard money as essential for the years ahead:
Read the full article →
A New Fed Head? More Printing Likely
Spoiler from this week’s feature: Dalio says governments will take the easy route—devaluing currency to manage debt.
Trump’s desire to see the rear end of Fed head Jerome Powell is proof of this.
Andre Chelhot thinks Trump will use the $2.5 billion Fed building renovation scandal as an excuse to fire him.
“Trump’s Fed appointee will likely be tasked with weakening the dollar, monetizing deficits, inflating away public debt, suppressing interest rates, and coordinating distributional policy with the Treasury.”
As we point out in the Ray Dalio feature article, the passing of Trumps Budget and Tax Bill also reinforces how govts won’t do what’s best, but what’s easiest.
Central Banks: Hoarding Gold While Preaching Fiat
“Yes, gold loves chaos, but today it’s not Main Street that is running to gold, it is the very central bankers who are terrified of the chaotic system they alone created and broke which are running to this metal.
In short: it’s not the people but their governments who are scared.
Even the IMF, which has recently admitted that it doesn’t fully know what is coming, at least knows that whatever (even horrific CBDC) reset arises, it will have gold (the last truly politically neutral asset in a global financial war) as its anchor rather than a hitherto chastised “pet rock.””
Chart of the Week
Here’s visual proof of the central bankers fears:
Affluent Investors Follow Suit—Gold Allocations Double
It’s not just central banks…
Wealthy investors aren’t waiting. Data shows they’ve doubled gold allocations this past year.
Surprisingly affluent Gen Z and Millennials increased their gold allocation by the same percentage as Gen X and Baby Boomers.
But Where’s Main Street? Why Most Aren’t Buying Yet
While central banks and the wealthy are hedging with gold, the average saver is still on the sidelines. History says they’ll only move when it’s too late. Why?
Rui Goncalves says:
“The question, this question (why we, the public at large, are not buying gold), is oh so important.
A simplistic answer might be, that we don’t understand why they [central banks] are buying it.
“Central banks are buying gold at a record pace but not because they’re confident, but because they know the system is already set to fail.”
The fact you’re reading this says you do understand why the central banks are buying.
Meme of the Week: Central Banks Two-Timing Fiat
Fiat in public, gold on the side—the meme sums up central banks’ secret love for hard money.
Source: Lobo Tiggre
Yet to start your love affair with gold? Maybe you want a “bit of a fling” with silver too! We can “hook you” up!
Check out gold and silver options here.
Glenn's dedication to educating individuals on wealth protection through precious metals has helped over 2400 clients from New Zealand, Australia, USA and Europe to safeguard their financial futures. Passionate about financial independence and lifestyle freedom, Glenn’s mission is to empower others with the knowledge and tools to thrive in today’s volatile economic environment. When he's not advising on precious metals, Glenn enjoys spending time with his family and pursuing outdoor adventures.
Education: University of Auckland Bachelor of Science
Linkedin: https://www.linkedin.com/in/glenn-thomas-0984a4310/
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