An unusually high amount of currency creation has led to record inflows to the stock market and an inflationary backdrop for gold and silver.
Today we see gold up 1% for the week to $1,791, silver up 2% to $26.53, platinum up 1% to $1,221, and palladium up 2% to $3,015.
It has been a good week for diversification, with both gold and silver down less than 1%.
Recently purchased gold bars and silver coins and have warmed to the idea of selling stock and crypto assets to purchase metals.
For those looking for insights about where to allocate capital in the near term, this information should prove valuable.
The other main story these days is “Inflation”. While the official inflation numbers reported seeming to stay in a range of 1.5 - 2.5%, commodity items are up sharply across the board.
One of the most recognizable coins not only in the United States, but also around the world.
Looking at the 1-yr mark, we see gold is up 1%, silver up 62%, platinum up 52%, and palladium up 22% since this time last year.
For the 1-yr time frame, gold is up 6%, silver up 66%, with Platinum pulling ahead of silver, up 67% from a year ago. Palladium is up a strong 22%.
The U.S. dollar and dollar-based assets have been losing ground in the reserve asset category.