When Analysis Becomes Evidence: Sound Money Was Not a Prediction — It Was Positioning

December 12, 2025

By Michael A. Jeter

Founder & CEO — Integritas Investment Partners

Strategic Advisor — Integritas CFO Partners International

At the beginning of 2025, our position was clear and unapologetic: the global financial system was entering a repricing phase — not a collapse, but a reset — and gold and silver would be central to that transition.

At the time, this view was still labeled “aggressive,” “early,” or “fringe.”Today, it is simply reality.

The Numbers Speak for Themselves

In January 2025:

• Silver traded near $30 per ounce

• Gold traded between $3,000–$3,200 per ounce

As of today:

• Silver trades at $63–$64 per ounce — a 100%+ increase in under 12 months

• Gold trades at $4,200–$4,300 per ounce, well beyond what most institutions forecast for 2026

This did not happen by accident.It happened because the forces we outlined — monetary debasement, sovereign repositioning, physical scarcity, and geopolitical realignment — were already in motion.

Institutional Forecasts vs. Structural Reality

To be clear, large institutions were not blind — they were conservative by design.

Throughout 2024 and early 2025:

• Goldman Sachs projected gold in the $3,600–$4,000 range by 2026

• J.P. Morgan and others framed upside as gradual, conditional, and volatility-sensitive

• Silver forecasts remained restrained, often capped near $45–$50, well beyond the present day

Those forecasts have already been surpassed — in 2025.

This is not a failure of intelligence; it is a function of incentives.

Institutions manage narrative risk. They do not want:

• disorderly price spikes

• retail-driven fear trading

• political scrutiny around inflation signaling

Their role is to smooth transitions, not highlight inflection points early.

Our role is different.

Who We Write For — And Who We Don’t

We do not write for:

• short-term traders

• volatility chasers

• fear-driven speculators

We write for investors seeking:

• sovereign security

• capital preservation

• real assets that outlast policy cycles

• quiet conviction, not financial theater

That distinction matters.

Our clients did not chase rallies. They positioned early, sized responsibly, and held through noise.

Proof, Not Performance Theater

Since January 2025:

• Silver allocations in accounts we advise have appreciated 60–70%+

• Gold allocations have delivered strong absolute gains while reducing portfolio volatility

• Balanced, globally aware portfolios outperformed traditional 60/40 structures without leverage or speculation

More importantly: these outcomes aligned almost exactly with the scenarios outlined in our earlier work, including:

• Flight to Safety: Gold, Francs, and Balance in a Shifting Global Market

• The Gold Awakening: How Strategic Positioning Became Proof, Not Prediction

• Our sound-money white papers on remonetization and multipolar reserves

This is not hindsight — it is execution.

Why the Thesis Worked

The thesis was simple:

1. Debt grows faster than productivity

2. Confidence erodes before currencies fail

3. Central banks move before markets acknowledge

4. Physical assets reprice before paper narratives adjust

Gold and silver are not rising because of fear alone. They are rising because trust is being re-anchored.

Central banks are not buying gold emotionally — they are buying it strategically. Industrial users are not stockpiling silver speculatively — they are securing supply.

That distinction is everything.

Sound Money Is No Longer Fringe

The idea that gold and silver are “risky” belongs to a dollar-centric world that no longer exists.

Today:

• BRICS settlement architecture is evolving

• Neutral currencies like the Swiss franc are quietly outperforming

• Physical commodities are reclaiming their role as collateral, not curiosities

What was once considered defensive is now foundational.

Final Thought: This Was Never About Being Right

This was never about calling tops, bottoms, or headlines.

It was about:

• seeing structural shifts early

• positioning with discipline

• holding through engineered volatility

• preserving purchasing power while others debated narratives

Sound money did not suddenly “win.” It simply did what it has always done when trust shifts.

The only difference this time is that the evidence arrived faster than expected.

And for those who positioned early, quietly, and intentionally —the proof is now undeniable.