David Garofalo explains why gold remains a powerful hedge against global debt, currency debasement, and geopolitical risk as Gold Royalty (GROY) marks five years on the NYSE. He outlines the appeal of the royalty model, which offers direct leverage to gold prices and exploration upside while avoiding mine‑site cost inflation. Garofalo also discusses the gold‑to‑silver ratio and why gold’s long history as real money gives it an edge over digital assets like Bitcoin.