As the narratives around various topics from economics to medicine begin to be questioned, certainty can be found among tangible assets such as precious metals. With every major asset class starting the year lower, the metals are outperforming major stock indexes and cryptocurrencies so far this year.
Get Our Free
Investor's Guide
That said, we have gold down a fraction for the week at $1,830, silver down 1.1% at $23.05, platinum down a fraction at $990, and palladium up 1.2% at $1,964. For the 1-yr period, we have gold down 1.3%, silver down 9.8%, platinum down 8.4%, and palladium down 18.4%.
FED Chairman Jerome Powell recently discussed moves to combat inflation, which I believe will be insufficient to hinder the rise of gold and silver.
Quarterly data indicate deaths among employed working-age (18-64yrs) people is up 40%, including those vaccinated, causing many to question the “safe and effective” narrative surrounding covid vaccines. CEO Scott Davidson of OneAmerica (American group life insurance provider) recently announced, “We are seeing, right now, the highest death rates we have seen in the history of this business — not just at OneAmerica. The data is consistent across every player in that business.”
Preventative treatment is often best, both medically and financially. Gold and silver can help with both.
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.
Posting in:
byBill Stack