Ron DeSantis just connected the dots on what’s really happening with precious metals.
The Florida Governor’s take on surging gold and silver prices isn’t what the financial establishment wants to hear.
And Ron DeSantis blamed the Federal Reserve for one economic problem that has Wall Street scrambling.
DeSantis points finger at Fed as gold breaks $4,200
Gold topped $4,200 an ounce Wednesday morning, shattering yet another record.¹ Silver climbed above $53 an ounce before pulling back slightly.²
Ron DeSantis didn’t mince words about what’s driving the precious metals surge.
"The trajectory of gold (and silver) = investors lack confidence in fiat currencies. An indictment of the Fed," DeSantis said.³
The Governor’s been warning about Federal Reserve mismanagement for years – and the metal markets are proving him right. Gold has surged more than 50% year-to-date when it peaked in recent weeks, far outpacing the S&P 500’s 15% gain over the same period.⁴
That’s not investors celebrating the economy.
That’s investors running for cover.
DeSantis signed legislation this year making gold and silver legal tender in Florida, effective July 2026.⁵
The move was designed to give Floridians an escape hatch from what he called the "declining value of the dollar."⁶
"We’ve seen the downgrade in the credit rating over multiple administrations, we’ve seen a lot of problems with the D.C. swamp," DeSantis said when signing the bill in May. "This is our ability to give you the financial freedom to be able to protect yourself against the declining value of the dollar."⁷
Fed’s money printing chickens coming home to roost
DeSantis has been hammering the Federal Reserve since 2023 over its handling of monetary policy.
"I think the Fed has done a horrible job over these last few years and they really are creating potential significant turmoil in the economy going forward," DeSantis said in 2023. "Think about what they did for all of 2022, they were hiking rates, taking money out of the economy because there was too much money that had been printed."⁸
The Governor nailed the Fed’s fundamental problem – years of printing trillions of dollars created the inflation crisis, then Jerome Powell’s interest rate hikes tried to clean up the mess by yanking money back out of the system.
"You can’t just print money out of thin air like they did and expect that it’s all going to be hunky dory," DeSantis warned. "Somebody is going to have to pay the piper."⁹
Guess what? Somebody’s paying.
The dollar has lost nearly 700% of its purchasing power since Richard Nixon ended the gold standard in 1971.¹⁰ A $100 bill in 2025 buys what $12.56 bought in 1971.¹¹
Meanwhile gold has tripled in value since 2015.¹² No wonder investors are backing up the truck.
Smart money sees what DeSantis sees
J.P. Morgan Research forecasts gold prices averaging $3,675 per ounce by the fourth quarter of 2025, with targets climbing toward $4,000 by mid-2026.¹³
Central banks are expected to buy 900 tonnes of gold in 2025 as nations shift away from dollar-heavy reserves.¹⁴
"The U.S. dollar share of official reserves ended 2024 at around 57.8%, marking a 0.62 percentage point decline," according to International Monetary Fund data.¹⁵ Central banks globally are quietly moving away from dollar dependence.
Silver’s performance is even more explosive – London markets show a 70% gain compared to 55% for gold over the same period.¹⁶
Physical shortages are worsening as industrial applications compete with safe-haven investment demand.¹⁷
"Silver’s dual role as an industrial metal and safe-haven asset has amplified the rally, making 2025 a historic year for silver," ING commodities strategist Ewa Manthey explained.¹⁸
Florida’s gold standard legislation protects against Fed failures
DeSantis’s legislation allows Floridians to use gold and silver coins meeting specific purity standards for everyday transactions.¹⁹
The coins must be stamped with weight, purity and mint of origin.²⁰
Purchases of precious metals are exempt from sales tax, and the metals can be used to pay state taxes.²¹
"This legislation will authorize money services, businesses like check cashers or PayPal, to transmit and accept payment in gold and silver," DeSantis explained. "That means these precious metals can start functioning like real currency again, not just investment vehicles for the wealthy."²²
Florida became the first major state to implement this constitutional provision.²³
Only two smaller states had previously enacted similar legislation.²⁴
The Florida law takes full effect July 1, 2026, pending ratification of implementing rules by the state legislature.²⁵
DeSantis argued that commodities like gold and silver offer independence from fiat currency devalued by federal government "borrowing and spending."²⁶
"And it’s something that is very likely to hold its value, certainly compared to fiat currency," DeSantis said.²⁷
DeSantis’s Fed criticism has long track record
The Governor has been warning about Federal Reserve policies creating economic chaos for years.
In 2023, DeSantis blasted the Fed for what he called "perverse incentives" from years of zero interest rates and money printing.²⁸
"You also have the Federal Reserve. They put rates to zero, they started printing all this money. I mean, they’ve printed trillions and trillions of dollars," DeSantis said at a Naples press conference. "Obviously is going to create inflationary pressures."²⁹
https://twitter.com/RebelNewsOnline/status/1613584766565220352
DeSantis argued the Fed ignored obvious inflation warnings by claiming price increases were "transitory."³⁰
"You had inflation start to percolate and what they said was, ‘well, it’s transitory, don’t worry about it.’ And so inflation started getting worse and worse," DeSantis explained. "So then what does the Fed do? They’re creating, I think, a lot of perverse incentives."³¹
The Governor’s 2024 presidential campaign economic plan called for appointing a Federal Reserve chairman focused on "maintaining a stable dollar" and ensuring the Fed doesn’t implement a central bank digital currency.³²
DeSantis signed legislation in Florida prohibiting use of central bank digital currencies.³³ He argued such currencies would enable "government surveillance and control of people’s finances."³⁴
"Their job at the Fed should simply be to maintain stable prices, not to be an economic central planner, not to worry about social issues or climate change or any of that stuff," DeSantis said in 2023.³⁵
Market chaos validates DeSantis warnings
Analysts point to economic uncertainty and political instability driving the precious metals rally.³⁶
Investment firm deVere Group CEO Nigel Green said the government shutdown is adding to investor concerns.³⁷
The current government shutdown and continued federal spending crisis prove DeSantis’s point about Washington’s "perennial deficit spending" driving investors into precious metals.³⁸
DeSantis recently criticized Congress and federal bureaucracy for blocking DOGE spending cuts championed by Elon Musk.
"We have a Republican congress and to this day, we’re at the end of May, past Memorial Day, and not one cent in DOGE cuts have been implemented by the Congress," DeSantis said. "DOGE fought the swamp, and so far, the swamp has won."³⁹
When people lose faith in their government’s ability to control spending, they move their money into assets the government can’t print more of. Like gold. Like silver.
DeSantis saw this coming years ago.
The Federal Reserve’s chickens are coming home to roost, and the Governor made sure Floridians would have a lifeboat when the fiat currency ship starts taking on water.
¹ A.G. Gancarski, "Goldbug Governor: Ron DeSantis blames Fed for metal valuation surge," Florida Politics, October 15, 2025.
² Ibid.
³ Ibid.
⁴ "Here’s what gold crossing $4,000 is telling us about the U.S. economy," CBS News, October 8, 2025.
⁵ "Gov. DeSantis signs bill to make gold, silver legal tender in Florida," FOX 13 Tampa Bay, May 27, 2025.
⁶ Ibid.
⁷ "DeSantis signs legislation recognizing gold and silver as legal tender in Florida," Florida’s Voice, May 27, 2025.
⁸ A.G. Gancarski, "Ron DeSantis flogs Fed for ‘perverse incentives’ in monetary policy, interest rates," Florida Politics, March 29, 2023.
⁹ Ibid.
¹⁰ "Ron DeSantis signs bill making gold, silver legal tender, declaring it’ll give Floridians ‘financial freedom’," Yahoo Finance, May 31, 2025.
¹¹ Ibid.
¹² "Gov. DeSantis signs bill, Florida to recognize gold and silver as legal tender starting in 2026," FOX 35 Orlando, May 28, 2025.
¹³ "A new high? Gold price predictions from J.P. Morgan Research," J.P. Morgan, 2025.
¹⁴ Ibid.
¹⁵ Ibid.
¹⁶ "Why Silver Price Has Been Surging Even More Than Gold," Bloomberg, October 14, 2025.
¹⁷ "Silver prices hit record high as investors rush into safe havens," CNN Business, October 9, 2025.
¹⁸ Ibid.
¹⁹ "DeSantis says Florida will recognize gold, silver as legal tender," WESH, May 27, 2025.
²⁰ "Gov. DeSantis signs bill to make gold, silver legal tender in Florida," FOX 13 Tampa Bay, May 27, 2025.
²¹ Ibid.
²² "Gov. DeSantis signs bill allowing Floridians to make transactions in gold and silver," News4JAX, May 27, 2025.
²³ "DeSantis signs legislation recognizing gold and silver as legal tender in Florida," Florida’s Voice, May 27, 2025.
²⁴ Ibid.
²⁵ "Floridians will be able to pay some bills with gold or silver coin under new law," ClickOrlando, May 27, 2025.
²⁶ A.G. Gancarski, "Goldbug Governor: Ron DeSantis blames Fed for metal valuation surge," Florida Politics, October 15, 2025.
²⁷ Ibid.
²⁸ A.G. Gancarski, "Ron DeSantis flogs Fed for ‘perverse incentives’ in monetary policy, interest rates," Florida Politics, March 29, 2023.
²⁹ Ibid.
³⁰ Ibid.
³¹ Ibid.
³² "Ron DeSantis presidential platform: Here’s what’s in his economic plan," CNN Politics, August 1, 2023.
³³ Ibid.
³⁴ Ibid.
³⁵ "DeSantis says Federal Reserve’s job is ‘not to be an economic central planner’," Washington Examiner, July 26, 2023.
³⁶ "Here’s what gold crossing $4,000 is telling us about the U.S. economy," CBS News, October 8, 2025.
³⁷ Ibid.
³⁸ "Gov. DeSantis signs bill, Florida to recognize gold and silver as legal tender starting in 2026," FOX 35 Orlando, May 28, 2025.
³⁹ "DeSantis signs legislation recognizing gold and silver as legal tender in Florida," Florida’s Voice, May 27, 2025.
