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![Metals Minute: New Year for Gold](https://mgi.usgoldbureau.com/media/amasty/blog/cache/m/e/500/333/metals-minute-500x333.jpeg?width=1920&quality=75&auto=webp&format=pjpg)
Happy New Year, everyone! We are off to a great start so far in 2022, with good things up ahead this year for precious metals. So far in this first week of the year, we have gold up 1.6% to $1,833, silver up 1.9% to $23.30, platinum up 2.1% to $998, and palladium down 2.7% to $1,940.
For the one year, we have gold down 6%, silver down 15.5%, platinum down 10.6%, and palladium down 21.7%. But these annual numbers act like a coiled spring for the metals as we advance - especially for gold, silver, and platinum. While we may see some gains for palladium, I continue to believe there is more risk than reward there, with conditions favoring silver, gold, and platinum (in that order) going forward.
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Investment manager Jeffrey Gundlach, known in the investment community as the “Bond King,” believes the yield curve on US Treasury Securities indicates a recession might be up ahead. As discussed earlier, a recession is half of the ingredients necessary for “stagflation.” The other half is “inflation,” which the authorities have acknowledged will be longer-lasting and certainly not “transitory” as first believed.
Gold and silver traditionally thrive during and after stagflation.
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.
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