Precious Metals Update on Gold, Silver, Platinum and Palladium with market influences.
Currently, rates are averaging 0.06%. But the inflation rate is currently at 5.4%, nearly the highest seen in the last 30 years, according to the "official inflation" rate, or the Consumer Price Index (CPI).
The Federal Reserve Chairman says not to worry, this is all “transitory.” You think?
We had an incredible precious metals investment opportunity in the metals earlier this week.
The United Nations Food and Agricultural Organization (FAO), which tracks the cost of food items globally, recently noted that levels of food-price inflation are rising at their highest rates in over a decade.
The 2021 Palladium American Eagle Proof will be subject to mintage and product limits of 12,000 coins and a household order limit of one.
The numbers for 1-yr are mixed, with gold down 7.6%, silver down 14.6%, while platinum is up 8%, and palladium up 10%, since a year ago today. Presenting an interesting buying opportunity for gold and silver.
Jerome Powell, Chairman of the Federal Reserve (the Fed), gave a highly anticipated speech on Friday (August 27, 2021),
In a recent sit-down conversation with Ed Moy, he shared his deep family connection with precious metals.
The trends have continued since last week, with gold and silver higher while platinum and palladium are lower.