‘Global Monetary Order Is Changing’: Investor Explains The Selloff And What’s Next | Darrell Thomas

Started buying gold in 2020

Began accumulating physical gold during the pandemic after discovering its history as hard money outside the elite-controlled financial system through Robert Kiyosaki's network and books like "The Power of Gold."

Physical gold is permanent savings

Plans to never sell physical gold unless the Dow-to-gold ratio reaches 1:1, treating the metal as money itself rather than a speculative trade subject to price targets.

Miners for fiat maximization

Focuses investment in gold mining equities to maximize returns measured in fiat currency while maintaining physical metal as a permanent core holding.

Oil royalty companies over producers

Invests in Franco Nevada, Viper Energy, Texas Pacific Land, and Landbridge to gain oil exposure through land leasing and royalties rather than operational drilling companies.

Own the infrastructure not the commodity

Applies Benjamin Demazi's analogy of owning "toll booths and roads" like exchanges and land rights rather than the "cars" driving on them to reduce volatility.

Avoiding crowded energy trades

Prefers these royalty plays over major producers like Exxon that have already run up significantly since recent geopolitical conflicts began.

Monetary order comparable to Nixon shock

Cites Ray Dalio's framework that the current environment represents a structural monetary shift similar to Bretton Woods or the end of the gold standard in 1971.

Central bank buying validates thesis

Points to sustained central bank gold accumulation since 2022 as evidence that institutions with the most capital are systematically fleeing the dollar amid de-dollarization.

Fiscal deficits are structural

Cites Trump's proposed $1.5 trillion military budget and over $100 trillion in US off-balance sheet liabilities as evidence that debt expansion will persist regardless of political cost-cutting promises like DOGE.

January 2025 spike was speculative froth

Identified gold's nearly $1,000 single-month rally to $5,500 as an uncharacteristic anomaly driven by speculation rather than sustainable demand.

Twenty percent correction is normal

Views the subsequent February pullback as a healthy consolidation rather than a 2011-style double top reversal, noting that waiting for perfect entry points often results in missing the trend entirely.

Dollar-cost averaging over timing

Employs continuous purchasing of both physical metal and miners rather than holding liquidity for pullbacks that may never materialize at lower fiat price levels.