Outside The Dollar

The Federal Reserve's sharpest internal disagreement since 1992 is sending a clear signal to retirement savers about the road ahead. In this week's discussion, Kathrynn examines how stagflation conditions, elevated oil-driven inflation expectations, and Fed uncertainty combine to quietly erode the purchasing power of retirement portfolios even when account balances appear stable. The conversation...

Central banks are accumulating gold at a pace that analysts now describe as a direct credibility challenge to dollar-denominated reserves. Elena examines how China's sustained gold buying, accelerated in the wake of Russia's 2022 reserve freeze, has reshaped the strategic calculus around precious metals allocation for sovereign institutions and individual savers alike. She breaks down the two vari...

Gold's 17% pullback from its April 2026 all-time high of $5,595 an ounce does not necessarily signal a broken thesis. Kathrynn Ward examines the three mechanical forces behind the drop, including forced liquidation during the equity sell-off, institutional deleveraging, and shifting rate expectations tied to energy-driven inflation, none of which reflect a change in gold's structural fundamentals....