July 2026
(Kitco News) – Markets have experienced a dollar resurgence more than a decline in the gold price, while the Iran war – and the U.S. reaction to its inflation pressures – make gold essential insurance for investors, according to Steve Forbes, Chairman and Editor-in-Chief of Forbes Media.
Forbes explained that gold prices have seen a correction since hitting January highs near $5,600 per ounce, but said gold isn’t what’s actually changed.
“Better than any item on earth, gold keeps its real value and has done so for thousands of years,” he wrote. “Gold is to measuring the worth of a currency what the North Star is to measuring direction. When the price of the yellow metal changes, it’s the value of currency that has changed. Gold is the constant.”
“What we’re experiencing is a rally in the value of the dollar, not a fall in the real worth of gold,” he added. “The greenback has also gone up against other currencies.”
Forbes cautioned against premature celebration over the dollar’s recovery from its earlier lows, pointing out that it has still lost a great deal of value since 2022.
“Gold was then around $1,800 an ounce,” he noted. “A year ago, $3,300. Today, the price of an ounce is $4,000, up more than 20% from last summer. What’s happening here is a bear market rally in the dollar.”
Forbes pointed out that the U.S. dollar’s relative strength against other major currencies in the mid-1980s prompted Washington to devalue the dollar, which contributed to the stock market crash of 1987.
“Gold is not just an investment; it is insurance for financial troubles,” he said. “Keep the insurance.”
Forbes has been predicting a greater role for gold in the international financial system for a number of years. In May 2024, he wrote that the world is progressing towards a new gold standard.
“The world is beginning to lurch toward a gold-based monetary system. The U.S. was on a gold-based system for 180 years until the early 1970s,” Forbes wrote. “We never had inflation when the dollar’s value was tied to the yellow metal, and the U.S. experienced the greatest long-term economic growth in human history.”
Conversely, Forbes said that since the U.S. abandoned the gold standard, its average growth rates have declined by 33%. “Median household income today would be at least $40,000 higher if our traditional pattern of growth for those 180 years had been maintained,” Forbes believes that he’s seeing several indications that a gold monetary system could be brought back.
“One is that central banks in recent years have been purchasing gold at record levels,” he noted. “Buyers include China, India, Russia and a number of other nations such as Poland. These countries are reacting to growing doubts about the long-term value of the dollar.”
The growing popularity of cryptocurrencies is another indication, which Forbes characterizes as “a high-tech cry for help in the face of increasingly unreliable fiat currencies.”
He added that the ongoing trend of runaway public and private debt creation “will inevitably kindle crises that cannot be easily extinguished.”
* Steve Forbes won the prestigious Crystal Owl Award 4 times as the financial journalist with the most accurate economic forecasts. Appointed by President Ronald Reagan in 1985, he is considered one of the most accomplished financial forecasters in american history.
Gold: The Ultimate Financial Insurance
Gold protects your family financially by acting as a tangible, default-proof safe-haven asset. It preserves your purchasing power against inflation, diversifies your portfolio away from vulnerable paper assets, and provides instant liquidity during severe economic downturns or crises.
Precious metals offer several essential shields for your family’s financial future:
- Hedge Against Inflation: As the cost of living rises and paper currencies lose value, the price of gold rises, maintaining your family’s purchasing power.
- Wealth Preservation: Unlike paper money or stocks that lose value during systemic crashes, gold has maintained intrinsic worth and outlasted every government in history.
- Crisis Liquid Asset: Gold is universally recognized and always in high demand. In the event of an emergency, physical precious metals can be easily converted to cash compared to less liquid investments like real estate.
- Counterparty-Free Wealth: Holding physical gold means your wealth is not reliant on a bank, brokerage, or third-party digital system.
Wall Street has long advised that 60% of investor assets be allocated to equities and 40% in fixed-income investments, primarily bonds.
But in a historic shift in asset allocation, both Morgan Stanley & Bank of America now advise a 60/20/20 strategy, swapping half of the bond portfolio for gold to serve as a “more resilient” inflation hedge…
That provides essential Financial Insurance against: Asset bubbles, stock market declines, bank failures, global unrest & currency debasement. (inflation)
Wise investors have been diversifying with gold & silver for centuries, to limit their exposure to poorly executed monetary and fiscal polices.
Physical gold & silver represent a safer, sounder store of value than debt instruments denominated in fiat currency.
Unlike a currency, gold can’t be hyperinflated away. Unlike a bond it cannot default. And unlike a company (stock) it cannot go bankrupt. It’s value cannot be debased by governments, who print paper money at will, making their currencies worth less every year.
Since 1971, the year the United States severed the dollar’s link to gold, it has lost 87.5% of its purchasing power and is now worth 12.5¢. Over the same period, gold has increased 120 times in value.
In fact, gold has maintained it’s value over time, better than any asset on earth. Preserving savings during economic crisis and market corrections. And growing wealth by outperforming stocks, bonds, real estate and every other investment asset.
That Makes Gold the Best Place to Store Your Wealth.
As inflation makes our dollars worth less every day, more Americans are protecting their savings with physical gold & silver. A money that has no default risk and cannot be inflated away.
Financial planners & economists have always recommended that investors assets be properly allocated to physical gold & silver as portfolio insurance and protection against financial calamity.
Current Reccomended Gold Allocation: J.P. Morgan 20% – Bank of America 40% – #1 Aden Forecast 60%
Most Americans have life insurance, health insurance and must have car insurance to drive. Yet, only a small minority of the U.S. population holds precious metals as tangible financial insurance. In fact, less than 10% have physical gold or silver to protect retirement-savings from asset bubbles & equity market declines…
“The U.S. stock market is in the largest bubble in history, and it will end in disaster. The risk of a major bear market is not a question of if, but when—and when it arrives, it will propel gold into the stratosphere & reach at least $15,000.” – Bubble Report 
Overvalued equity markets and a monetary system overcome by debt is not a safe place to protect & grow retirement savings. Never forget, anything denominated in dollars (stocks, mutual funds, CD’S. annuities, etc) loses purchasing power with each passing month.
In 2026, the stock, bond & real estate bubbles may get cut in half.(crash) While money in the bank becomes worth less every day. (infation) But gold will continue to protect & grow wealth as it has for thousands of years.
Repositioning risk assets & rapidly depreciating fiat currency into gold now, could be the Best financial decision you ever make…
Liberty Financial’s Guaranteed Gold Account is the #1 performing investment the last 25 years.
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