
Gold and Silver Are Entering a Historic Supercycle
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Jul 15, 2026 Nomi Prins, investigative financial analyst and author who studies central banks and commodities, explains why gold, silver and other physical commodities are entering a historic supercycle. She discusses the disconnect between finance and the real economy. She outlines structural silver shortages, rising sovereign gold demand, and why physical assets resist paper-market distortions.
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Paper Silver Volume Far Exceeds Physical Supply
- Paper silver markets can trade far more volume than mined supply, creating a structural mismatch.
- Nomi Prins contrasts SLV trading 25–50 million ounces daily versus ~800 million ounces mined annually, highlighting extreme distortion.
Commodities Drove Historic Banking Power
- Commodities historically underpinned early banking power and remain central to financial influence today.
- Prins traces bankers' influence to commodity-driven capital in Rockefeller and Morgan eras and says we're looping back to commodity dominance.
Warsh Promises Less Guidance But Same Limits
- New Fed leadership signals less forward guidance but likely continues data-driven posture without fundamentally changing constraints.
- Prins notes Warsh promised fewer statements and emphasized inflation focus, yet the Fed still cannot fix supply-driven inflation.






