What we are witnessing, then, is not the absence of a shock, but its delay.
And delays, in systems of this complexity, rarely make the eventual adjustment easier.
Unfortunately, since governments don’t produce, the only way they can survive (barring conquering and looting a foreign country) is to tax, borrow, and inflate their fiat currencies.
Maybe trying to time your investment decisions right now isn’t the most sensible move. Instead of asking when to buy, it asks why you’re buying in the first place.
Maharrey argued that silver had been undervalued for years, particularly when compared to gold. He pointed to the historically wide gold-to-silver ratio as evidence.
The Bank of Uganda officials also indicated the domestic gold-buying program "will strengthen reserve adequacy and reduce risks associated with conventional reserve instruments."
According to the World Gold Council, the month-on-month gain was primarily seasonal as wholesalers restocked inventory in the wake of the Chinese New Year holiday.
