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Jeremy Warner: Trump's unwitting role in the staggering rise of the oldest currency
Maybe it's not really so "unwitting," Mr. Warner.
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By Jeremy Warner
The Telegraph, London
Thursday, January 15, 2026
Sell the dollar, buy gold. Few investment strategies have worked better than this over the first year of Donald Trump's second presidency, and it looks set to continue that way.
In the past year the dollar has undergone its worst overall devaluation since the 1970s. At the same time, the price of gold has surged nearly 75% to record highs.
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No commodity acts better than gold as insurance against inflation, financial instability, and geopolitical turmoil.
Call it Trump Derangement Syndrome if you like, but financial markets are increasingly betting on all three.
Almost everything the Trump White House does seems deliberately designed to undermine the dollar, last weekend's renewed attack on the independence of the Federal Reserve being only the latest example. ...
... For the remainder of the commentary:
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"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
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