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.
Palladium, like platinum, is undervalued and is well-positioned to launch into a bull market of its own as it follows the powerful and still-developing precious metals bull market.
In this week’s Money Metals Midweek Memo, host Mike Maharrey opens with blunt news: the federal government shut down at midnight. Lights off. Doors locked. Theater on.
Asian demand has been one of the primary drivers behind the recent gold rally that has seen the yellow metal gain more than 84 percent since January 2024.
With the U.S. national debt at $37 trillion—the highest debt-to-GDP ratio since World War II—Prins warned that such liabilities undermine national strength in trade and geopolitics.
A surge in scrap gold supply during periods of rapidly rising prices often results in discounted premiums. But with more people holding on to their gold, that’s not happening.
