Disclosure: We are reader-supported. If you buy through links on our site, we may earn a commission. Learn more. For the first time in U.S. history, all three major credit rating agencies have downgraded America’s sovereign debt from its top-tier status. Moody’s recent move to cut the nation’s rating from AAAA to AA1 follows similar

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Texas has taken a bold stand for sound money. On June 29, Governor Greg Abbott signed House Bill 1056 into law, making gold and silver legal tender in the Lone Star State and setting the stage for one of the most advanced precious metals transaction systems in the country.

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According to the World Gold Council’s 2025 Central Bank Gold Reserves Survey, 95% of central banks believe global gold reserves will continue rising over the next year. Even more notably, 43% of those surveyed said they plan to increase their own gold holdings—the highest level of planned buying since the survey began.

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As the federal debt soars past $36.9 trillion, the Department of Government Efficiency (DOGE)—backed by President Trump—was supposed to be the administration’s aggressive push to shrink the size of the bloated federal government.

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As economic uncertainty grips the nation, Americans are turning to an old standby: gold. From Wall Street titans like JPMorgan CEO Jamie Dimon to self-reliant “preppers” and middle-class savers, more people are buying physical gold as a hedge against what they fear is coming—a dangerous mix of inflation, debt, and government dysfunction.

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For nearly 80 years, the U.S. dollar has held unrivaled power in global finance and trade. Since the end of World War II, the greenback has enjoyed near-total dominance as the world’s reserve currency—backing international trade, oil markets, and the vast majority of central bank reserves across the globe.

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