What's Wrong With This Picture?

What's wrong with this picture? The mainstream has built a bearish narrative around the gold and silver markets. According to this storyline, the Fed will have to keep interest rates higher due to inflationary pressure introduced by the war with Iran. That's negative for gold and silver, non-yielding assets. In this week's Midweek Memo podcast, host Mike Maharrey points out the problems with this picture painted by mainstream pundits. He reveals two dynamics they seem to be missing and explains why the future of gold and silver may not be as bearish as advertised. He then proceeds to expose the deeper flaws with the current fiat money system. Click the icon below to listen.          

You can listen to What's Wrong With This Picture? online on Radio and Podcast. Open the player on this page to stream the available audio.

What's Wrong With This Picture? is an episode from Money Metals' Weekly Market Wrap on iTunes by Money Metals Exchange.

This episode is 37:54 long.

This episode was published on May 27, 2026.

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