Banknote Blog

Executive Summary: The Pivot to Tangible Value The global financial architecture is currently navigating a profound regime shift, moving from an era defined by low interest rates, globalization, and digital asset dominance to one characterized by resource scarcity, geopolitical fragmentation, and the primacy of tangible assets. As investors approach the end of 2025, the divergence between the valuation of the S&P 500 and the pricing of critical commodities has reached historic extremes, cr …