Devlyn Steele

Retirement savers should think like central banks and own physical gold and silver as non-correlated diversification to protect purchasing power against persistent inflation, government debt, and deficit spending; fixed income and homes can be unreliable, and retirees cannot afford to sell risk assets in down markets, so precious metals should be accumulated rather than trying to time Fed moves or waiting for a pullback.

Gold has a structural bid from central banks that are diversifying away from the weaponized dollar; annual central bank gold buying doubled to over 1,000 tons, and central banks now hold more gold than U.S. Treasuries for the first time since 1996. The macro conditions for gold to reach $5,000—geopolitical problems, deglobalization, global debt, interest costs, and government spending—are already in place, so temporary oil/dollar-driven pullbacks are buying opportunities rather than reasons to wait.