It is tough living with the irony of it all. There are record high prices everywhere except the gold price and the silver price. Many stocks, bonds, works of art and real estate in many safe-havens around the world are already at historic highs. But it will change.
We have to put aside today’s drubbing and focus on what’s important, namely, what drives the gold price. It is of course central bank debasement of currencies, which is making gold and silver increasingly undervalued and explains why both precious metals remain in uptrends that began over a year ago. And notwithstanding what happened today, let’s remember that both gold and silver are up 8% so far this year.
- Source, James Turk via King World News