Metals Minute: Dollar Decline

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Metals Minute: Dollar Decline

July 14, 2021 396 view(s)

Since last week, the rally has continued chiefly in precious metals, gold up 1% to $1,835, silver flat at $26.51, platinum up another 3% to $1,141, and palladium up a fraction to $2,888.

From 1 year ago, gold is up 1.5%, silver is up 38%, platinum is up 37%, and palladium is up 46%.

I continue to believe it is an excellent time to be invested in gold, due in part to the 1.5% return for the past year. This means that gold is due an outsized performance ahead to return to the long-term average of 8-10%.

 

 

I continue to believe it is an excellent time to be invested in gold, due in part to the 1.5% return for the past year. This means that gold is due an outsized performance ahead to return to the long-term average of 8-10%.

I believe it is a good time to invest in platinum, as it is often priced more than gold, except for now. Probably a good time to purchase it now, while few are paying attention to it.

Silver is getting noticed in mainstream financial circles, with CNBC recently doing a story on the Silver Squeeze movement. As others catch on to what you already know, silver will continue to do even better in the days ahead.

Meanwhile, the dollar is losing value at the fastest pace in 40 years. To avoid the pain, store savings in precious metals.

 

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About the Author: Bill Stack

 

Financial Analyst of 29 years and Gulf War Veteran, Bill has been helping families nationwide keep their money safe and growing since 1993. As a Certified Financial Fiduciary® and a RICP®, Bill specializes in helping protect your assets with growth potential.