Currency debasement almost forces people to borrow money to maintain their standard of living. Debt turns workers into indentured servants with no mobility to leave a job.
Senate File 96 prompts the Wyoming state treasurer to hold “not less than $10,000,000 in specie and specie legal tender between and across all state-managed accounts...”
David shares why silver is lagging behind gold, key factors influencing price; and his thoughts on the broader economic picture, including real inflation, and more.
On the year, ETF gold holdings dropped modestly by 6.8 tons, but assets under management rose by 26 percent to a record high of $271 billion thanks to the skyrocketing price of gold.
Gold achieved remarkable gains in 2024, rising 26.5%, its best annual performance since 2010. Along the way, it set 40 new all-time highs, peaking at $2,780 per ounce last October 30.
I expect new all-time highs for the gold price by mid-year 2025 at the latest. From there, another 10% rally to new highs should follow, which would take price to about $3100 or so.
