Something is interesting happening in the world of interest rates that is mid-term bullish for gold and silver prices as measured in dollar terms.
Precious metals demand is not going away. While economists argue whether we will see inflation or deflation, physical gold and silver look positive with either outcome.
For those looking for inflation protection, precious metals exceeded the inflation rate for a year, some by a great deal.
About the only thing that is worth less today than it was a year ago is the dollar itself.
In a statement sent yesterday, the U.S. Mint has clarified the silver shortage it has experienced.
Gold finished up 8% in May, for the best monthly performance since July last year, on inflation concerns.
It continues to be a great time to build a precious metals (physical metals) position for the years ahead.
Due to Basel III and the #SilverSqueeze movement, physical investment demand for silver has risen beyond industrial demand for the first time in recent memory.
International banking regulations known as Basel III, what is arguably the most important aspect of the new rules.
Gold is up 4% to $1836, silver is up 4% to $27.47, platinum is up 1% to $1244, and palladium is taking a little breather, down 2% for the week to $2958.