Gold and silver are in a good position to benefit from the wave of commodity price growth that is just getting started.
It has been a trying week for the metals, but it seems the worst is over for now, and we are beginning to see a recovery.
The gold spot price experienced its biggest drop since November 2020, followed by a small rebound, and finally settled down $63.80 from the start of trading.
Today we will discuss some interesting conditions on the horizon for Gold itself, regardless of the outward influences of financial instability or world markets.
For the week, Gold is up 3% to $1,940. Silver is up 4% to $27.44. Platinum increased 3% to $1,100.40, and Palladium tied with Silver, also up 4% to $2,453 for the week.
With the forgiveness of central bank debt, inflation and new digital currencies backed by gold, we may see the price of gold reach highs never before fathomed.
Looking at the 1-yr numbers, we have Gold up 24%, Silver up 47%, Platinum up 11% and Palladium up 24%.
Today we will look at what that means in world markets, and more importantly, what that means for the average American.
Precious metals ownership has been a proven method to hedge against inflation, money printing bailouts and stock market crashes and corrections.
The 1 year performance numbers continue to shine, with Gold up 26%, Silver up 46%, Platinum up 8.5%, and Palladium up 25% since this time last year.