Precious metals demand is not going away. While economists argue whether we will see inflation or deflation, physical gold and silver look positive with either outcome.
For those looking for inflation protection, precious metals exceeded the inflation rate for a year, some by a great deal.
The silver shortage noted in this statement is offered as the reason for delays the Mint foresees for several of its upcoming silver product releases.
In a statement sent yesterday, the U.S. Mint has clarified the silver shortage it has experienced.
Gold finished up 8% in May, for the best monthly performance since July last year, on inflation concerns.
Due to Basel III and the #SilverSqueeze movement, physical investment demand for silver has risen beyond industrial demand for the first time in recent memory.
International banking regulations known as Basel III, what is arguably the most important aspect of the new rules.
Gold is up 4% to $1836, silver is up 4% to $27.47, platinum is up 1% to $1244, and palladium is taking a little breather, down 2% for the week to $2958.
We will begin by discussing general trends that were projected to take shape in 2021 and compare those forecasts to patterns seen so far this year.
An unusually high amount of currency creation has led to record inflows to the stock market and an inflationary backdrop for gold and silver.