Sure enough, while the inflation rate did creep up a notch, it did not go up as much as expected by economists, who were largely predicting tariffs would increase inflation.
Those listening to the “experts” already missed a move from 2000 to 4000. They’ll probably listen again as the bears come out at the first sign of a (much needed) gold correction.
It is tempting to describe gold and silver as outside the system, but that is not quite right. They are part of human civilisation precisely because they record its behaviour. Gold measures trust in institutions. Silver measures the material intensity of progress.
It’s not just the US, China, and Japan that have debt issues. It’s a large portion of the developing countries, and especially Europe. When we do have a sovereign debt crisis, it is not going to be isolated to just one or two countries.
Despite their well-earned reputations as stable assets and safe havens, gold and silver have become highly volatile in recent weeks, with sharp moves in both directions.
Gold is recovering after one of its hardest drops in years. At the time of writing, prices are up $62 to about $4,126/oz, while silver has climbed $1.25 to $48.93/oz.
