When people think of precious metals investing, usually an image of gold bars or coins comes to mind. However, this initial idea does not begin to scratch the surface of precious metals investing. This type of thinking overlooks the fact that many buy silver or other metals like platinum, palladium, and rhodium. Not every bullion investor buys silver because it is a smaller market and does not carry the same value as gold. So, you might be wondering why buy silver now if gold is more precious? What is there to gain from investing in silver? For starters, it is important to know how the market works and why Biden’s presidency spells a higher silver price in the near future.(more…)
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The world’s central banks have been buying gold for years, and that trend could drive the price up over $2,000 next year, according to some experts. The problem is the ever-growing pile of public debt, which could be exacerbated by inflation next year.
Noble Gold founder and CEO Collin Plume told ValueWalk in an email that central banks will have to bear to brunt of “government generosity” by covering the costs of the many stimulus packages that have subsidized workers and businesses that couldn’t function during the lockdowns. However, that money will still need to be paid back, which causes three major challenges for central banks.
“They are all struggling with these issues simultaneously, and so borrowing amongst each other is not an option” Plume said. “Unemployment and bankruptcies will mean less tax revenue coming in to balance the books, and inflationary pressures are almost inevitable given the colossal figures involved. All of these realities will likely push prices for everyday household items higher (along with interest rates as well) at a time when people can least afford them – leading to recessionary fears down the line.”(more…)
I’ve got to say, I am utterly annoyed with so-called “precious” metals. One would think that, at least in part, the forces behind the explosive rise in cryptocurrency values have the same effect on gold. Nope! Bitcoin, shown below, is exploding higher, whereas gold is just sitting around picking its nose. The metaphor is just as repulsive as gold’s lackadaisical behavior.(more…)
To my eyes, one of the cleanest and most exciting patterns out there is the US dollar compared to the Japanese Yen (USD/JPY), which seems poised for much lower values.(more…)