☕ DrinkCoffeeAndProfit
Smart money moves before breakfast
Inspiration Quote for the Day
“Be fearful when others are greedy, and greedy when others are fearful.”
— Warren Buffett
The Morning Ritual
Three Weeks Ago, Everyone Wanted Gold. Now Nobody Does.
In March, U.S. investors pulled $13 billion out of gold ETFs. The largest monthly outflow ever recorded. A friend of mine called me that week. He’d held a small gold position since 2022. He wanted out. “The party’s over,” he said.
Meanwhile, central banks bought another 27 tons that same month. Berkshire Hathaway sat on $373 billion in cash. Poland quietly added 20 tons to its reserves. Somebody is wrong here. The question is who.
In One Sip
▸ Gold sits at $4,637 an ounce, down from a January peak of $5,595. Still up 43% from a year ago.
▸ Retail investors yanked record sums from U.S. gold ETFs in March. Asian funds added $14 billion the same quarter.
▸ 43% of central banks plan to add gold this year, the highest reading in the survey’s eight-year history.
▸ The buried lead: most Americans treat gold as a binary choice. Bars or miners. There is a third lane that pays cash dividends, and almost nobody talks about it.
Why It Matters for Your Money
Take a $400,000 retirement account. The median balance for a 60-year-old who has been saving consistently. The classic 60/40 portfolio holds zero gold.
Now imagine the same account with a 5% allocation to gold over the past three years. That “boring” slice would have grown by roughly $26,000 on its own. Bonds, in real terms after inflation, delivered close to nothing.
The retail crowd just sold a record amount of that exposure into a $1,000-per-ounce pullback. Central banks bought it. One of those two groups has a much better track record over 20-year windows.
· · · Partner Message · · ·
Why Did Buffett Dump
$184 Billion in Stocks?
$184 Billion in Stocks?
Berkshire Hathaway has unloaded two-thirds of its entire stock portfolio. A staggering $184 billion sold off.
The last time Buffett made a move this dramatic, his firm quietly pocketed as much as $250 million on a single gold trade.
Is history repeating itself?
My research confirms that both “the Warren Buffett of Canada” and a personal friend of the legendary “Oracle of Omaha” each own more than $50 million worth of an investment I call Canadian Gold.
Here is what most investors are missing:
Canadian Gold has crushed ordinary gold, silver, the NASDAQ, and the S&P 500 by a wide margin since its inception.
Right now it trades at a 94% discount to the price of physical gold.
It has already paid out billions in dividends — something physical gold can never do.
And the price could move sharply after a public announcement scheduled for May 6th.
Forget about ordinary gold or gold mining stocks. There is a much more profitable way to play this situation.
The brilliant businessmen behind Canadian Gold built something more profitable than Apple, Nvidia, Meta, and Google combined. And it remains under the radar — for now.
· · · End Partner Message · · ·
The Wealth Angle
Here is what March’s record outflow actually tells you. Retail investors raised cash. They sold their winners. That is a liquidity move, not a fundamental one.
Compare that to who kept buying. China just logged its 16th consecutive month of net purchases. The Czech National Bank has bought for 36 straight months.
Those buyers do not care about a one-month price chart. They are positioning for a 5-year shift in how the world holds reserves: away from the dollar, away from Treasuries, into something nobody else gets to print. When the people who set monetary policy buy gold, and the people who watch CNBC sell it, history says one of those groups tends to be early.
☕ Key Insight
Panic-selling always creates an entry point for the people who were waiting. The $13 billion that left gold ETFs in March did not evaporate. It just changed hands.
Coffee Break Move
Pull up your 401(k) or brokerage statement. Find the line that says “commodities” or “precious metals.” If it shows 0%, you are in the same position as roughly 90% of American retirement accounts. The same position the retail crowd was in right before the last three gold bull runs.
If it shows between 2% and 10%, ask a different question: are you holding the metal, the miners, or the businesses that earn a piece of every ounce produced? Each behaves differently when prices move.
Do not chase a one-month chart. Decide what role gold plays in your plan, write it down, and pick the lane that matches it. Central banks buy in 30-year windows. Retail buys in 30-day ones. The people who got rich on the last three bull runs did not time the bottom. They decided who they wanted to follow.