The "USGS 2025 report" refers to the U.S. Geological Survey's Mineral Commodity Summaries 2025 (MCS 2025), the annual publication that provides the data referenced in the chart from the tweet you shared.
This 212-page report (Version 1.2, March 2025) was released on January 31, 2025 (with minor revisions in February and March). It is…
Is the era of paper gold over?
The massive sell-off that shook the precious metals markets last week was not a standard correction, but a planned "liquidity event" and a "crash," according to mining magnate Frank Giustra, who warns that the 50-year dominance of "paper gold" prices is coming to a chaotic end. …
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