The news is that 22 states are fully in recession. Half of the rest are just “treading water,” and the remaining quarter or so are still hanging in there on the positive side.
Gold and silver will not solve every problem. They are not perfect assets. Yet they remain among the very few forms of wealth that cannot be deleted, suspended or rendered inaccessible by policy or programming.
It will depend on how long the budget stalemate drags out, but from a historical perspective, the impact of government shutdowns has been relatively short-lived and contained.
Sadly, human nature seemingly ensures we often use debt unproductively—and not just as individuals. Governments have their own special way of using debt to buy benefits (and votes?) today that future generations will pay for.
Even with investment demand for gold surging, it remains “underowned” according to a State Street Investment Management analyst. That means the yellow metal still has plenty of upside.
We are now in the midst of a partial government shutdown, and Republicans and Democrats fuss over government funding. Gold and silver both surged higher as investors looked for a safe haven.
To summarize, it’s a pleasure to report that gold, silver, and mining stocks are in a strong position, currently experiencing their most powerful bull market in recent memory.
