Precious Metals News Blog
The move came to wider prominence when it was picked up in the International Monetary Fund's monthly update, which shows it was the first increase in figures dating back to 2000!
Top executives, the people that are the most experienced investors in the world, have been pretty much spending all year getting rid of their stakes!
Physical Silver Investment Forecast to Jump by 32% in 2021 for a 6-Year High. The silver market is expected to record a physical deficit in 2021
Business Insider: Legendary Investor Bill Gross Says the Euphoria in Stocks and Crypto is a Dangerous Dreamland
"It's dangerous! It's all dreamland that's been supported by interest rates that aren't where they should be!"
Fortune: Ray Dalio Warns that Soaring U.S. Inflation is Eroding Wealth - Especially if You Hold Cash
"People make the mistake of thinking that they are getting richer because they are seeing their assets go up in price without seeing how their buying power is being eroded!"
"It can't be any clearer than the fact that S&P 500's market capitalization is 177% of U.S. GDP,. We are among the few who fear a 50% drop! "
If we are to compare the rallies of the past in the metals in similar conditions, we haven't even scratched the surface. Look at today's prices and multiply gold by 3 and silver by 6!
"By all accounts, the threat posed by record inflation to the American people is not "transitory" and is instead getting worse!."
"It's nice to see that gold is once again providing a valuable role in offsetting inflation. Precious metal investors see holding gold and silver as an insurance policy !"
An official report showed the US going through the worst inflation in more than three decades, which critics attribute in part to massive government spending!