A Look Back Before Looking Forward: BFI Bullion Year-in-Review | AI, the Bubble That Could Break the US Stock Market’s Back? | War on cash update: New escalation in the EU | Tucker Carlson: “the most common scam enslaving the country”

As 2025 draws to an end, it’s safe to say that gold and silver investors were the clear winners of the year. Historic new highs were made in the gold price, though arguably the most important victory was not financial, but ideological and strategic. All the fundamental arguments in favor of precious metals, especially during uncertain times, were decisively vindicated this year. Gold once again acted as the most reliable safe haven and it convinced even the most ardent skeptics of its essential role as a portfolio stabilizer.

It has also been a great year for us at BFI Bullion. As we’ll outline in this issue of the Digger, we’ve made a lot of upgrades in our services, we expanded our product range and we have made key improvements in our clients’ experience. While we’re very proud of all we achieved in 2025, it is only the beginning - a lot more lies in store for 2026.

In this Digger, we’ll also look at the state of the stock market and at the alarming vulnerabilities that could severely darken the outlook for next year. As the AI race heats up and as the tech sector keeps absorbing more and more capital while the rest of the private sector gets left behind, the big question is, what will happen if the AI boom falters?

This is a particularly disconcerting question, given the fact that any central bank intervention to steady the markets will inevitably trigger another inflationary wave, at a time when the last one hasn’t fully been dealt with.

We hope you'll enjoy this issue oft he Digger and don't hesitate to contact me with any questions.

Dive into the first article of the BFI Bullion Digger below.
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A Look Back Before Looking Forward: BFI Bullion Year-in-Review

When we started putting the plans together for BFI Bullion’s strategy moving into 2025, it was clear this year was going to be a BIG year. The tools were falling into place for us to be a leader in secure, transparent, and innovative physical bullion investing and storage for our clients. Now, as we look back at the jam-packed year that 2025 was, we are reminded how far we have come, and how far we can go in 2026.

As we started the year and the elements of the strategy for the coming year – and years – developed, it was clear that our core mission remained: to provide a solid wealth preservation solution through uncompromising security, product quality, and physical allocation. We were clear on wanting to see growth by increasing the metals under storage for our clients, but it was also clear we wouldn’t do this at the risk of diluting our principles and values.

Key to remember as we discuss how things went this year: we want to grow, we want to innovate, but we didn’t want to do it by sacrificing what got us to this point. We certainly didn’t want to alienate our long-term clients. The challenge was to stay the course without becoming stagnant or irrelevant.  To this end, we developed a slogan of “Swiss Craft. Proven Trust. Personal Edge”. Within that slogan, we wanted to leverage the relationships we built with our Swiss partners, we wanted to build on the total transparency and secure storage clients can trust, and we wanted to continue offering the bespoke services that have set us apart.

With all of this in mind, we dove into 2025…

A new standard for all segregated storage

One of the first projects we undertook to start the year was eliminating what we had called “Collective” storage by moving all of those clients into what has now become our standard, “Segregated” storage. For those that are new to us this year, under Collective storage, all metals of the same formats were stored together. This used up less space, but it also meant while clients’ metals were always there, no specific bar or tube of coins was theirs.

For us to reach other goals we had set for ourselves and utilize technology that is available to us, we needed to make sure every Collective client was given specific bars and coins, and in doing so, those metals had to be segregated from anyone else’s metals: “what went in is the same as what will go out”. That was no easy task as we had to separate and segregate the metals of several hundred clients. But we were done by mid-year. Now all clients as our standard have segregated storage, outside of the banking system. And don’t forget, our unique Key-box storage always remains an option.

Birth of Primorum: the new standard in secure precious metals investing

Thanks to a collaboration between Swiss refinery Argor-Heraeus, Loomis International (global storage and logistics experts), and aXedras (a pioneer in digital supply chain solutions for the precious metals industry), we at BFI Bullion were able to launch in early November our Primorum line, the first of its kind!

Starting initially with gold bars, each Primorum product is directly sourced for your purchase and accompanied with a Swiss refiner-issued digital integrity certificate - a sort of digital birth certificate - which provides the details of each product’s attributes as well as state-of-the-art security features. The bars are delivered directly to our client’s secure, segregated storage at Loomis. BFI, through a secure interface to the Loomis warehouse portal, obtains and shares with our clients, through their private Portal access, a complete and transparent view of all products held in the vault.

But that isn’t all: Primorum offers a buy-back guarantee for maximum liquidity, competitive institutional pricing for private and institutional investors alike, and is a first of its kind in physical precious metals ownership and storage. While Primorum consists of 1kg, 100gr, and 1oz gold bars to start, there are more products to come.

Revised client portal tying it all together

To tie this work all together, we have revised our Client Portal. At its foundation, the Client Portal is still based on BFI’s proprietary system. So, our clients can still find their way around easily. They can still see their transaction confirmations and history, their current and historical holdings and values, and they will continue to be able to “email” us securely over the Client Portal Messaging service. Now additionally, our clients will be able to track metals prices, track the performance of their specific holdings, and view a more detailed and continually updated inventory list of their Holdings. With their Holdings – thanks to moving all clients to Segregated or Key-box storage - they will see not only the format and number of products, but the detailed attributes and, for refiner-registered bars, even the history of their metals.

Strengthening our board of directors, affiliations

We were also proud to announce the addition of two new Board of Directors at BFI Bullion this fall: Mr. Bernhard Schnellmann and Mr. Martin Keller. Mr. Schnellmann, with more than 40 years in the global precious metals sector, two decades of which were spent as director at Argor-Heraeus, brings an extensive wealth of knowledge in the precious metals industry. Mr. Keller, with his 30-plus years in capital markets, private wealth management, and institutional asset management, likewise adds a tremendous background of deep financial industry knowledge and strategic insight to the Board.

Not only did we add tremendous talent to our Board, we also made valuable network connections. We solidified our existing cooperations with our partners through the launch of our Primorum product and we saw our name branch out in other key areas. We joined the Swiss Association of Manufacturers and Traders in Precious Metals, which recently changed its original name in French to the “Swiss Precious Metals Association”. Through this association, as one of now sixteen members, our clients stand to benefit in our staying ahead of industry trends, enhancing our team’s expertise, and strengthening our commitment to adhering to the strict operational guidelines of our industry in Switzerland.

And, at the time of this article, we were still waiting to receive our confirmation as a new affiliate member to the LBMA, the London Bullion Market Association.

2026 promises more to come

While looking back at the year that was 2025, you can tell we had to really roll up our sleeves and work hard to make our strategy work. We are certainly on our way, but there is more to come.

We will continue to add to our Primorum line of physically allocated metals our clients can purchase, as well as to the benefits to Primorum products give for our clients that will buy and own them. We have more plans for our Client Portal as well, with the continued goal of enhancing our clients’ experience and interaction with BFI Bullion.

Ultimately, we want to grow in prominence within the precious metals industry. Not only will we be focusing on the DACH (Germany, Austria, and Swiss) market, but we also plan to re-activate our US and UK clients, as the need continues to grow for everyone everywhere to hold at least some physical metals within their portfolio and do so in the best way possible.

Our goal is safety and providing the most solid wealth protection and preservation solution we can. And we believe we are certainly on that right path!

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