What is moving, and why it matters for gold.
The dashboard behind the analysis.
Gold rarely moves on headlines alone. These are the quieter variables the framework watches: what it costs to hold cash instead of gold, and whether commodities as a whole are moving with it.
The real interest rate
One number does more to set the price of gold than almost any headline: the yield on US Treasury Inflation-Protected Securities, the real interest rate. It is what it actually costs, after inflation, to hold cash instead of gold. When it rises, gold normally struggles. When it falls, gold normally shines.
This year it climbed to levels not seen since 2008, and gold did not fall the way the textbook says it should. Why that gap matters →
US 10-year real yield (TIPS) · live
Gold (USD)
Commodities · DBC
Commodities · BCOM (BCI)
Open the full panel, with the dollar table →Crack spreads: diesel & gasoline margins →The dollar balance: dollar, curve & real yield →Metal ratios: gold/silver & miners →✦ Hormuz tracker →✦ Levels watch: gold & silver →
A trader’s rules.
Short rules behind the analysis on this site. Each one links to the piece that explains it.
Every gold decision runs through five questions.
Start where you are. Each question leads to the analysis and tools that help you answer it for yourself.
Why gold, and why now?
Real rates, the dollar, confidence in money and central banks.
How much, and when?
Position size, timing and risk management: the core of the framework.
Physical or financial?
Metal you own, or a claim through the financial system. Different risks, different tools.
Where do I buy and store it?
Established dealers, mints and vaults by region, with what is different in each market.
What could go wrong?
Confiscation, custody, counterparty and policy risk, and how to spread it.
Physical metal or financial exposure?
Both give you the price of gold. They fail in different ways, so they are covered separately.
306 dealers, mints and vaults in 44 countries
Established firms only, organised by region, because every market works differently: VAT-free investment gold in the EU, retirement accounts in the US, vault networks in the Gulf and Asia. Free to use, no sign-up.
Open the dealer directory →Metal you own
- Bars and coins at home, or allocated in a vault
- No issuer between you and the metal
- Costs: premiums, storage, insurance, resale spread
A claim, not a bar
- ETFs, ETCs and funds, traded like shares
- Easy sector exposure: metals, energy, grains, softs
- Costs: fees, roll costs, issuer and custodian risk
A third way · trade it
Futures with a firm’s capital instead of your own. How prop-firm evaluations work, the drawdown rule that fails most traders, and a calculator for gold, silver and oil. Prop trading, explained by a funded trader →
The Gold Investor
Book 1 of The Gold Decision Framework: a practical method for building your own gold thesis through market structure, macroeconomics, geopolitics and risk management. It won't tell you what to buy. It helps you decide for yourself.
Which one fits you?
Buy one copy
€38 · €35 for newsletter subscribers
The complete book in the language of your choice.
Go to the store → For clients or a teamBulk licences
From 5 copies · €35 per copy, lower at volume
Individual activation codes to hand out. Each recipient picks their own language. Partner Editions with your logo available.
See licence packages → Already have a code?Activate your licence
Received a code from a dealer or employer
Enter your code, choose your language and download your copy.
Activate a code →Dealers and financial firms: licence volume also counts toward Country, Regional and Global sponsor status.