The Second Wave of Inflation Is Coming (Most Aren't Ready)

The IMF just conceded what your grocery receipt has been screaming for years: food and energy shocks are becoming the norm. Meanwhile, Treasury Secretary Scott Bessent insists the economy is “accelerating” and that core inflation sits at a tame 2.3%. Core, of course, excludes food and energy (because who needs to eat or heat their home?). Overlay today’s CPI on the 1970s and the pattern is uncomfortably exact: first wave done, second wave loading, with $40 trillion in debt and rising yields doing the stacking. The last time this chart played out, gold went from $35 to roughly $600 in a decade. Central banks already know which side of that trade they want to be on.

Do you?

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ITM Trading has spent nearly 30 years helping clients prepare for monetary resets, inflation, and systemic risk using physical gold and silver. We focus on education, historical context, and strategies designed to protect wealth when trust in the system breaks down.