Maharrey argued that silver had been undervalued for years, particularly when compared to gold. He pointed to the historically wide gold-to-silver ratio as evidence.
The Bank of Uganda officials also indicated the domestic gold-buying program "will strengthen reserve adequacy and reduce risks associated with conventional reserve instruments."
According to the World Gold Council, the month-on-month gain was primarily seasonal as wholesalers restocked inventory in the wake of the Chinese New Year holiday.
One thing the war has not failed at is creating outrageous inflation and turning a recession into a global depression, but it will take months for all of that to play out.
When the central bank started QE in late 2008, the balance sheet was around $900 billion. After three rounds of quantitative easing, the balance sheet had exploded to over $4.5 trillion.
Income taxes, along with the military draft and other types of mandated “service,” are incompatible with a free society and should be opposed by all who value liberty and peace.
In Weldon’s view, if military action against Iran became more than a one-off strike, the dollar was likely to rally, pressuring gold and silver as both were already set up for a pullback.
Had I gotten a $3,500 refund in 2020, I could have bought 2 ounces of gold. At today’s price, those two ounces of gold would be worth around $9,600. That’s a 174.3% return in six years.
