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Alasdair Macleod's 2025 review: Barreling toward the end of the fiat-currency era
By Alasdair Macleod
GoldMoney, Toronto
Friday, January 2, 2026
Precious metal bulls will feel vindicated, but the rise in prices indicates something darker: The dollar's decline is accelerating, barreling toward the end of the fiat currency era.
In this our final market report for 2025, we look back on what has been driving gold and silver price in 2025, and their outlook in 2026. Our conclusion is that the dollar is dying and the fiat currency era is drawing to a close. This is the message from gold, silver, and indeed the wider commodity and raw materials world. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/2025-silver-sparkled-and-gold-shined
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