U.S. stocks began the week deeply in the red as investors continued to move to the sidelines in September amid several emerging risks for the market. This might be the perfect opportunity to invest in precious metals.
The United Nations Food and Agricultural Organization (FAO), which tracks the cost of food items globally, recently noted that levels of food-price inflation are rising at their highest rates in over a decade.
The numbers for 1-yr are mixed, with gold down 7.6%, silver down 14.6%, while platinum is up 8%, and palladium up 10%, since a year ago today. Presenting an interesting buying opportunity for gold and silver.
The National Wealth Fund (NWF) of Russia has officially divested itself of all U.S. dollar-based assets and replaced them with other assets denominated in currencies such as the eurozone euro, Chinese yuan, and gold.