Metals continue to recover this week, with Gold up 4/10% to $1867, Silver up 1% to $25.74, Platinum up 3.2% to $1114. Palladium was down 4/10% to $2426.
Gold and silver are in a good position to benefit from the wave of commodity price growth that is just getting started.
Today we will discuss some interesting conditions on the horizon for Gold itself, regardless of the outward influences of financial instability or world markets.
For the week, Gold is up 3% to $1,940. Silver is up 4% to $27.44. Platinum increased 3% to $1,100.40, and Palladium tied with Silver, also up 4% to $2,453 for the week.
With the forgiveness of central bank debt, inflation and new digital currencies backed by gold, we may see the price of gold reach highs never before fathomed.
Looking at the 1-yr numbers, we have Gold up 24%, Silver up 47%, Platinum up 11% and Palladium up 24%.
Today we will look at what that means in world markets, and more importantly, what that means for the average American.
Precious metals ownership has been a proven method to hedge against inflation, money printing bailouts and stock market crashes and corrections.
The time has come to look beyond 2020 and peer into what 2021 may offer in terms of precious metals prices.
In spite of a higher Dollar, most of the metals rounded out another good week.