In 1934, the US government seized gold, devalued the dollar from $20 to $35 per ounce, and defaulted on debt through Executive Order 6102, constituting a constitutional default on Liberty Bonds as ruled by the Supreme Court in Perry v. United States.
The current US government debt of $35 trillion and debt-to-GDP ratio of 120%+ make it unsustainable, with interest payments exceeding $1 trillion annually, surpassing military spending.
Revaluing Fort Knox gold from $42 to $20,000 per ounce could add $5 trillion to the US Treasury’s balance sheet, potentially reducing high-interest debt and reinforcing the dollar’s position, but risking massive inflation and trade partner tensions.
China’s secret accumulation of up to 4,000 tons of gold and plans to back its currency with gold could devalue the dollar and challenge US economic dominance if implemented before the US takes similar action.
With limited options for managing the unsustainable US debt, including miraculous GDP growth, massive austerity, or default, the latter appears most likely, potentially leading to inflation and currency manipulation.
The US dollar’s 50-year reign as the world’s reserve currency is fraying due to massive debt accumulation ($100,000 per second, $1 trillion every 90 days) and moral decay, affecting America’s global prestige.
The BRICS alliance, representing 60% of world population and 50% of global GDP, is growing stronger with 59 countries joining in the past year, moving away from US dollar dependency and reshaping global trade dynamics.
A BRICS settlement currency called the “unit” is being developed, composed of a 60% currency basket from BRICS countries and 40% gold, allowing nations to trade without relying on Western systems.
The Bank of International Settlements has reclassified gold as the world’s only other tier one Reserve asset alongside the US dollar, making it a riskless asset and prompting central banks to buy gold at record levels.
The Belt and Road Initiative, the largest infrastructure project in history, connects 75% of the world’s population and 50% of global GDP, integrating with the Eurasian Economic Union and Shanghai Cooperation Organization.
Project Mbridge, designed by China, Hong Kong, Thailand, and UAE, allows countries to trade their own central bank digital currencies without SWIFT interference, supporting the BRICS settlement currency.
Gold is expected to reach “unimaginable levels” as it becomes pegged to the BRICS settlement currency, with central banks repatriating gold in preparation for a new monetary system.
The gold to silver ratio is at an 11:1 anomaly, compared to a historical average of 42:1, suggesting silver is 11 times undervalued relative to gold.
🌟China’s ¥9.5 trillion stimulus package, combined with the Fed’s 50-basis-point rate cut, creates a perfect storm for silver to potentially reach all-time highs by 2025, mirroring the 2008-2010 market surge.
💡The silver industry faces challenges due to geopolitical and environmental restrictions in key producing countries, with tech companies threatening 20% stakes in miners to enforce ESG practices.
Dolly Varden’s strong financial position, recent acquisitions, and ongoing exploration in the Golden Triangle position it well to capitalize on the potential silver squeeze by 2025.
With $40 million in the bank, no debt, and 88% of raised cash going into exploration, Dolly Varden is protected from dilution until 2026, focusing on growth through exploration and acquisitions.
The silver price could reach $50 per ounce by 2025 when industry consumes 100% of the 850 million ounces produced, with potential for earlier all-time highs due to Chinese stimulus and global supply tightness.
Dolly Varden’s silver assets are trading at sub-$10 per ounce, compared to the current $2,700 gold price, presenting significant upside potential.
Dolly Varden’s 135,000 meters of drilling since the last resource estimate could significantly increase its 64 million ounce silver resource, aiming for 300 million ounces by demonstrating results at parallel systems like Moose and Chance.
The company’s Wolf deposit aims to expand tonnage, while Home State drilling targets primary silver discoveries, potentially delivering a new resource and economic study ahead of the 2025 silver squeeze.
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