Integritas Macro Intelligence

January 2026 | Integritas Investment Partners, LLC 📉 Context: The Flight Is No Longer Theoretical In mid-2025, we argued that global capital was quietly repositioning away from long-duration dollar assets and toward neutral stores of value  — namely gold and the Swiss franc. At the time, this was still framed by many as a hedge . As we enter 2026, it is clear: the flight is no longer precautionary — it is structural. Markets are now pricing not just inflation or rates, but c

Author: Michael Antonio Jeter Date: January 2026 Classification: Macro–Monetary White Paper Abstract This paper examines the recent repricing of gold and silver as a leading indicator of structural stress within sovereign debt markets, equity valuations, and retirement systems across the United States and Europe. Contrary to prevailing narratives that frame precious metals as speculative or reactive assets, this paper argues that gold and silver are functioning as forward-

Executive Summary Over the past several weeks, physical silver prices in China have traded at a persistent premium of approximately $8–$12 per ounce  over U.S. spot prices. This divergence is not arbitrary, speculative, or accidental. Historically, sustained regional premiums in physically settled markets  have preceded major upward repricing events  in Western paper-dominated markets. This paper explains: Why this divergence exists Why it matters now Which market typically a