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Anna Serin of the Canadian Securities Exchange (CSE) and Eduardo Carmona of the National Stock Exchange of Australia (NSX) discuss the CSE’s recent acquisition of the NSX, outlining what it means for both companies and investors.

‘What we’re hoping to create, and where we think the opportunity lies in Australia, is creating the venture market a little bit like the CSE’s done (in Canada),’ Carmona explained.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Iran seized two foreign oil tankers in the Persian Gulf Thursday, accusing them of smuggling fuel and detaining 15 foreign crew members ahead of high-stakes U.S.–Iran talks Friday in Oman.

Iran’s Islamic Revolutionary Guard Corps (IRGC) navy said it intercepted the two ships near Farsi Island, claiming they were carrying about 1 million liters of smuggled fuel, Reuters reported.

The crews, made up of 15 foreign nationals, were taken into custody and referred to Iran’s judicial authorities, according to Iranian state media.

The IRGC alleged the vessels were part of an organized fuel-smuggling network that had been operating in the region for several months.

Iranian officials said the ships were identified through intelligence monitoring and seized during coordinated naval operations in the Persian Gulf, a vital artery for global energy markets.

According to The Jerusalem Post, Iranian authorities framed the operation as a significant blow to illegal fuel trafficking, though they did not immediately disclose the vessels’ nationalities or destinations.

The seizures come as Iranian rhetoric toward the U.S. has grown hostile.

Ezzatollah Zarghami, a former Iranian minister and ex–state broadcaster chief, issued a warning, threatening violence in the Strait of Hormuz, through which around one-fifth of the world’s oil and petroleum product consumption passes.

‘I am sure that the Strait of Hormuz will be the place of massacre and hell for the U.S.,’ Zarghami said Thursday.

‘Iran will show that the Strait of Hormuz has historically belonged to Iran. The only thing the Americans can think of is playing with their vessels and moving them from one place to another.’

Zarghami later repeated the threat, calling the Strait a potential ‘killing field’ for American forces and signaling Iran’s willingness to escalate amid mounting regional pressure.

Special envoy Steve Witkoff and Jared Kushner are scheduled to meet Iranian officials in Oman Friday.

The pair are traveling from Abu Dhabi after two days of talks related to Russia and Ukraine.

White House press secretary Karoline Leavitt confirmed Thursday that Friday’s talks were still on, stating ‘diplomacy is always [Trump’s] first option.’

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President Donald Trump has warned that the U.S. could use military force to secure the Diego Garcia air base in the Chagos Islands if any future deal threatens access to the joint U.S.-U.K. installation.

Trump made the comments Thursday in a Truth Social post while also signaling his willingness to move past tensions with British Prime Minister Keir Starmer after what he described as ‘very productive discussions’ about the Indian Ocean base.

Emphasizing the base’s strategic importance, Trump said the role of Diego Garcia was essential to U.S. national security.

‘It is the site of a major U.S. military base, strategically situated in the middle of the Indian Ocean and, therefore, of great importance to the national security of the United States,’ Trump wrote.

Trump also acknowledged that the U.K. struck what he called ‘the best deal he could make’ under a controversial agreement to transfer sovereignty of the islands to Mauritius while leasing Diego Garcia back for at least 99 years.

‘However, if the lease deal, sometime in the future, ever falls apart, or anyone threatens or endangers U.S. operations and forces at our base, I retain the right to militarily secure and reinforce the American presence in Diego Garcia,’ Trump warned.

‘Let it be known that I will never allow our presence on a base as important as this to ever be undermined or threatened by fake claims or environmental nonsense.’

The comments marked a slight shift in tone from Trump, who in January criticized the U.K.-Mauritius deal as an ‘act of great stupidity’ and an ‘act of total weakness,’ accusing Britain of surrendering a critical military asset.

Diego Garcia serves as a hub for long-range bombers, logistics, intelligence collection and military communications across the Middle East, the Indo-Pacific and Africa, hosting around 2,500 U.S. and military and civilian personnel.

The island base has been used for long-range U.S. operations such as in Afghanistan and in Yemen.

According to Reuters, Downing Street had confirmed Trump and Starmer discussed Diego Garcia during a recent call and agreed to safeguard the base’s continued operation.

‘Turning to Diego Garcia, and the deal the U.K. has secured to maintain control of the U.S.-U.K. military base to protect national security, the leaders recognized its strategic importance,’ a No. 10 spokeswoman said.

‘The leaders agreed their governments would continue working closely to guarantee the future operation of the base and speak again soon.’

Under the agreement, British taxpayers are projected to pay roughly £35 billion [$47 billion] over the next century, including annual payments of about £160 million [$216 million] to Mauritius, according to public estimates.

Britain has also agreed to approximately £3 billion [$4 billion] in compensation over the life of the deal, with an option to extend the lease for an additional 50 years.

The agreement has also drawn criticism from Britain’s Conservative Party, which argues the deal weakens the U.K.’s strategic position and risks undermining long-standing security ties with the U.S.

Mauritius has said its sovereignty over the islands is ‘unequivocally recognized’ under international law and has called for swift implementation of the agreement.

As previously reported by Fox News Digital, a Downing Street spokesperson also said in January the U.K. is continuing efforts to ‘allay any concerns’ in Washington.

‘We will continue to engage with the U.S. on this important matter and the importance of the deal to secure U.S. and U.K. interests,’ the spokesperson said. 

Fox News Digital has reached out to the White House and Downing Street for comment.

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LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) is pleased to announce that it has granted incentive stock options (‘Options’) to management and consultants of the Company to acquire an aggregate of 1,000,000 common shares at $0.50 per share, for a period of three years. These Options have been granted in accordance with the Company’s stock option plan.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 16,600 hectares (166 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282966

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For investors who want to gain exposure to artificial intelligence stocks, exchange-traded funds (ETFs) are a popular avenue, because AI ETFs allow investors exposure to the overall market rather than individual AI stocks.

AI investing has exploded in popularity in recent years, particularly with the proliferation and advancement of generative AI technology. Today, many of the world’s largest tech stocks are focused on increasing their AI capabilities, or developing and supplying the hardware and technology needed to support the industry.

However, the sector has a long history. The phrase ‘artificial intelligence’ has been around since 1955, when it was used to describe a new computer science subdiscipline. Today, we use AI to describe simulated intelligence in machines. In other words, machines with AI are capable of simulating thinking like people and mimicking their actions.

As applications for AI rapidly expand, it’s clear that this market isn’t going away anytime soon.

1. Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ)

Assets under management: US$7.97 billion

The Global X Artificial Intelligence & Technology ETF is passively managed, tracking the Indxx Artificial Intelligence & Big Data Index. The Global X fund, which was established in May 2018, has an expense ratio of 0.68 percent.

‘AIQ is passively managed to invest in developed market companies that are involved in the use of artificial intelligence to analyze big data, whether for their own operations, as a service to other companies, or through the production of related hardware,’ according to ETF.com.

The Global X Artificial Intelligence & Technology ETF’s 87 holdings include Samsung Electronics (KRX:005930), Alphabet (NASDAQ:GOOGL) and Micron Technology (NASDAQ:MU).

2. Defiance Quantum ETF (NASDAQ:QTUM)

Assets under management: US$3.67 billion

The Defiance Quantum ETF launched in September 2018. It tracks an index composed of 84 companies that derive at least half of their annual revenues from quantum computing and machine learning technology development activities.

The fund has the lowest expense ratio of the five AI funds on this list at 0.4 percent.

Some of the ETF’s top holdings include Quantum Emotion (TSX:QNC), Micron Technology and MKS (NASDAQ:MKSI).

3. Dan IVES Wedbush AI Revolution ETF (ARCA:IVES)

Assets under management: US$1.04 billion

The newest addition to this list, the Dan Ives Wedbush AI Revolution ETF launched on June 4, 2025, as Wedbush Fund’s inaugural ETF. The ETF’s holdings are based on the research of Dan Ives, Wedbush’s Global Head of Technology Research, and on the IVES AI 30 list, which is updated on a quarterly basis. It has an expense ratio of 0.75 percent.

The Dan Ives Wedbush AI Revolution ETF has 32 holdings comprising mostly large-cap tech stocks based in North America. Its top holdings include Micron Technology, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) and NVIDIA (NASDAQ:NVDA).

4. Roundhill Generative AI & Technology ETF (ARCA:CHAT)

Assets under management: US$1.036 billion

The Roundhill Generative AI & Technology ETF launched on May 13, 2023, and focuses on companies that will benefit from the growth of generative AI. Companies must derive 50 percent of their revenue from generative AI or tech to qualify for its portfolio.

This AI ETF is actively managed and does not track an index. It has an expense ratio of 0.75 percent.

The ETF has 49 holdings, with 98 percent being large-cap companies. Its top holdings include Alphabet, NVIDIA and Microsoft (NASDAQ:MSFT), and it offers exposure to North American and Asian tech firms.

5. Invesco AI and Next Gen Software ETF (ARCA:IGPT)

Assets under management: US$715.8 million

The last AI ETF on this list is the Invesco AI and Next Gen Software ETF. It is the longest running compared to the other ETFs on this list, having launched in June 2005. The fund has an expense ratio of 0.58 percent.

It is based on the STOXX World AC NexGen Software Development Index and tracks the performance of companies that derive a direct revenue from technologies or products that contribute to future software development.

The Invesco AI and Next Gen Software ETF’s 100 holdings include Micron Technology, Meta Platforms (NASDAQ:META) and Advanced Micro Devices (NASDAQ:AMD).

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Sen. Marsha Blackburn, R-Tenn., is urging U.S. Supreme Court Chief Justice John Roberts to launch an investigation into Justice Ketanji Brown Jackson over her attendance at the Grammy Awards on Sunday amid anti-ICE rhetoric from celebrities and artists at the event. 

Jackson was in attendance at this year’s politically-charged event because of her nomination for narrating the audiobook version of her memoir, ‘Lovely One.’ 

However, critics said Jackson clapped as various speakers criticized U.S. Immigration and Customs Enforcement (ICE).

‘While it is by no means unheard of or unusual for a Supreme Court justice to attend a public function, very rarely—if ever—have justices of our nation’s highest Court been present at an event at which attendees have amplified such far-left rhetoric,’ Blackburn wrote in a letter to Roberts. 

Blackburn, who sits on the Senate Judiciary Committee, called for an investigation into whether Jackson’s actions violate the high court’s Code of Conduct and would require her to recuse herself from certain cases. 

‘To that end, in the interest of a fair-minded, impartial, and independent federal judiciary, I urge you to initiate an investigation into Justice Jackson’s attendance at this event and if her participation in any way would require recusal from matters that will come before the Court,’ her letter states. 

Attendees at the awards were seen wearing ‘ICE Out’ lapel pins, and some winners spewed anti-ICE rhetoric such as ‘No one is illegal on stolen land’ and ‘F— ICE.’

Jackson’s appearance at the event raises questions considering the court is slated to take on cases revolving around the Trump administration, including birthright citizenship and immigration. 

Fox News Digital has reached out to Blackburn’s office and the Supreme Court. 

In her letter, Blackburn noted that Democrats and the news media have smeared Republican-appointed justices to the court as ‘corrupt’ and ‘partisan.’

She recalled how Sens. Dick Durbin, D-Ill., and Sheldon Whitehouse, D-RI., wrote a letter to Roberts urging him to ensure that conservative Justice Samuel Alito would recuse himself from cases related to the 2020 election and Jan. 6, 2021 Capitol riot because his wife put up a Revolutionary War-era flag at their home.

Senate will review Biden

‘Unlike these meritless claims against Justice Alito and Justice Thomas, there are serious questions regarding Justice Jackson’s participation in such a brazenly political, anti-law enforcement event and her ability to remain an impartial member of the Supreme Court,’ Blackburn wrote. 

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Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) is pleased to announce that the Management Cease Trade Order (the ‘MCTO’) issued on October 29, 2025, by the Alberta Securities Commission (the ‘ASC’) has been revoked, effective February 4, 2026. The MCTO applied only to the Company’s CEO and CFO and did not affect trading by other shareholders, including the public.

The Company confirms that it has completed the filing of its annual audited financial statements, management’s discussion and analysis, and CEO and CFO certifications for the fiscal year ended June 30, 2025 (collectively, the ‘Required Filings‘), on January 29, 2026, and the filing of its interim first-quarter financial statements, on January 30, 2026.

Copies of the Required Filings and the interim first-quarter financial statements are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newcrest’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au2; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au3. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au3, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au3, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

1. Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

3. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sankamap and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’ Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sankamap does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282944

News Provided by TMX Newsfile via QuoteMedia

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President Donald Trump on Thursday called for U.S. nuclear experts to begin work on what he described as a ‘new, improved, and modernized Treaty,’ arguing that the United States should move away from extending the existing New START nuclear arms agreement.

Trump made the remarks in a post on Truth Social as the administration weighs the future of U.S. nuclear arms control policy and whether it will seek to extend or replace New START, the last remaining nuclear arms control treaty between Washington and Moscow.

‘Rather than extend ‘NEW START’ (A badly negotiated deal by the United States that, aside from everything else, is being grossly violated), we should have our Nuclear Experts work on a new, improved, and modernized Treaty that can last long into the future,’ Trump wrote.

‘The president wants to have our nuclear experts work on a new, improved and modernized treaty that can last long into the future,’ White House Press Secretary Karoline Leavitt said during a press briefing.  ‘And that’s what the United States will continue to discuss with the Russians.’

Trump also made broader claims in his post about his role in preventing nuclear conflict, writing that he stopped ‘Nuclear Wars from breaking out across the World between Pakistan and India, Iran and Israel, and Russia and Ukraine.’

A White House official told Fox News that the Trump administration is still weighing next steps on nuclear arms control and that no final decision has been announced.

‘The President will decide the path forward on nuclear arms control, which he will clarify on his own timeline,’ the official said.

The official added that Trump ‘has spoken repeatedly of addressing the threat nuclear weapons pose to the world and indicated that he would like to keep limits on nuclear weapons and involve China in arms control talks.’

Axios reported Thursday that U.S. and Russian officials have been discussing whether both sides could continue to observe the terms of New START after its expiration, citing multiple sources familiar with the talks. The outlet reported that no formal extension has been approved and that any arrangement would not be legally binding.

In his Truth Social post, Trump wrote that the U.S. should pursue a new agreement rather than extend New START.

According to the Associated Press, New START’s expiration leaves no caps on the U.S. and Russia’s nuclear arsenals for the first time in more than a half-century.

Secretary of State Marco Rubio said Wednesday that Trump has made clear that future arms control efforts must include China, telling reporters that ‘in order to have true arms control in the 21st century, it’s impossible to do something that doesn’t include China because of their vast and rapidly growing stockpile.’

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Gold took center stage at this year’s Vancouver Resource Investment Conference (VRIC), coming to the fore in a slew of discussions as the price surged past US$5,000 per ounce.

Held from January 25 to 26, the conference brought together diverse experts, with a focus point being the ‘Gold Forecast’ panel hosted by Daniela Cambone, global media director and lead anchor at ITM Trading.

The panel brought together GoldMining (TSX:GOLD,NYSEAMERICAN:GLDG) CEO and co-founder Alastair Still, Gold Royalty (NYSEAMERICAN:GROY) chair and CEO David Garofalo, Von Greyerz partner Matthew Piepenburg, ‘Rich Dad Poor Dad’ author Robert Kiyosaki and Incrementum partner Ronald-Peter Stöferle for a wide-ranging discussion.

Central banks supporting gold price

Gold’s price gains through 2025 and into early 2026 have been driven by several factors. One of the most impactful has been ongoing purchases by central banks around the globe.

According to the World Gold Council’s latest gold demand trends report, central banks bought a total of 863 metric tons of the precious metal last year. While the amount falls short of the more than 1,000 metric tons purchased in each of the past three years, it remains well above historical averages.

Both the World Gold Council and the VRIC panelists believe that central bank buying of gold will remain elevated in 2026, providing critical support for the yellow metal’s price.

Behind these movements is a desire to diversify foreign reserves away from US-dollar-denominated assets such as treasuries. Once considered a stable and reliable investment for central banks, high deficit spending and trillions in debt have dulled the luster of these instruments over the past two decades.

Adding to a deterioration in confidence are US actions following Russia’s invasion of Ukraine in 2022.

“Since 2014, central banks have been net selling US treasuries and net stacking gold, which became exponential when the US dollar was weaponized against Russia,’ Piepenburg said.

‘Weaponizing a neutral reserve asset was a big no-no in terms of respect, trust and admiration for an already overly issued and indebted US treasury, and by proxy, US dollar,’ he added.

However, Piepenburg was clear that he doesn’t see this accumulation of gold by central banks as a move away from the US dollar, but more as a means to prepare for a repricing of the dollar.

He also believes there will be greater usage of gold as a net settlement asset.

For his part, Garofalo said that the US debt-to-GDP ratio over the past 50 years has climbed to 350 percent, up from 100 percent in the 1970s. It has created a tricky situation for the US Federal Reserve, which must walk a fine line between how high it can raise interest rates without triggering a significant currency reset. Overall, US debt of over US$34 trillion, combined with trillions in annual deficit spending, is eroding central banks’ confidence in holding US debt.

Garofalo went on to explain that gold isn’t a commodity; its value isn’t driven by supply and demand fundamentals.

“It’s a monetary instrument, and monetary instruments stay relative to each other based on relative interest rates. So it’s that lack of confidence that’s really driving capital out of sovereign debt into central banks by Tether, by individuals, into gold as a monetary instrument,” he said.

Stablecoin issuers pursue gold

The panelists also pointed to interest in gold from stablecoin issuers.

For example, Tether now holds 16 metric tons of gold in reserves, worth over US$2.5 billion.

“Issuers of these stablecoins give citizens their electronic dollar, the issuers then take that dollar to buy US treasuries — good for Uncle Sam — they then arbitrage the yield on those treasuries for themselves and take a profit. The key thing to look at with Circle Internet Group (NYSE:CRCL), Tether or JPMorgan Chase (NYSE:JPM) is that they’re taking the profits from the stablecoin and they’re buying gold. That’s the great irony,” Piepenburg said.

He explained that stablecoins were introduced to support the US dollar, but creators have since added new products backed by gold, which is fundamentally more stable than fiat currencies.

Overall, Piepenburg and Garofalo agreed that the crypto market’s entry into gold is a positive sign and will catalyze consolidation in the sector’s business side, while also making it more accessible to investors.

“Having another player, another pool of capital that traditionally has not been in the space, is part of the same phenomenon that’s driving generalists for the first time in many decades back into our sector,” said Garofalo.

Gold’s long-term drivers intact

The panel made several key points that should be important to investors.

With gold’s historic run, some investors are worried that they missed the boat and now it’s too expensive.

Cambone asked Garofalo about this issue, noting that investors need to learn to focus more on gold’s role as a stable store of value and recognize the erosion of fiat currencies.

“Every fiat currency ever created has ultimately failed, and the US dollar will too. It’s like that saying about bankruptcy, it happens gradually and then suddenly,’ Garofalo said.

‘That’s what’s going to happen with the US dollar — that erosion of trust will be settled.’

Although the panelists agreed that the gold bull market will end at some point, none believe that will happen soon. They noted that the drivers of the current market show no signs of abating.

US foreign and trade policy has emphasized traditional western trade alliances and has pushed Russia, China and the rest of the BRICS nations to distance themselves from the US dollar.

This is in addition to a looming debt crisis in several major economies, especially in the US.

Is it time for gold juniors to shine?

It’s not to say that the group was advocating jumping directly on the bandwagon — they also agreed that investors could expect a significant pullback in gold, an event that occurred just days after VRIC ended.

However, they stressed the importance and safety of holding gold-linked assets during the current cycle.

This could be in the form of physical gold or exchange-traded products. They also noted that, due to gold’s price run, the junior exploration sector has seen a resurgence.

Garofalo said juniors have spent years severely undercapitalized. “Gold reserves in the ground have declined 40 percent since 2012,” he said, adding, “We can’t turn on supply to meet the increased gold price. All we can do is mine lower-grade material that otherwise would have been wasted on a lower gold price environment.”

His sentiment was echoed by Still, who sees a wave of mergers and acquisitions coming as industry majors look to fill pipelines. “If you’re a major producer, you’re trying to find gold; it might take you five or 10 years to find it. You’re going to spend millions to do so. Or do you go buy it from a junior explorer or developer?” he said.

Still explained that on a per-ounce basis, the cost to buy a company that’s put in the exploration and development work is likely cheaper than conducting the exploration themselves.

Gold price forecasts for 2026 and beyond

With various options available to investors seeking exposure to gold, the discussion turned to price forecasts.

Garofalo was blunt when he stated US$7,000, while Piepenburg was slightly more nuanced.

“I think we’re only halfway through an eight year cycle in gold, so you could see US$7,000, US$8,000, but that’s notwithstanding the unforeseeable legislative or other black swans,’ he said.

‘Based on fundamentals, gold’s direction, secular, is north,” he said.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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