Circulated silver coins aren’t worthless junk, especially as the shiny gray metal breaches its all-time high of $50 an ounce, and its value rises rapidly in depreciating currencies.
Gold is rallying because it is measured in declining dollar values and because it is the safe haven of choice now that central banks are ditching the dollar.
Can the gold short derivative positions engineered by the U.S. and U.K. governments no longer be covered because there simply isn't enough gold available to those governments anymore?
In truth, gold’s most recent rise has less to do with excitement and more to do with fatigue. Markets are showing the strain of too many unresolved pressures.
