The action is similar to the Fed’s aggressive acquisition of long-dated securities in the bond market at the onset of the 2008 financial crisis, when credit markets imploded.
It’s also worth noting that Buffett has already invested in silver twice and when he described why in his 1998 Berkshire Hathaway shareholder meeting, the reasons he cited sound familiar.
Bull markets are scary. They become very overbought. They present reasons why people should take their profits while they have them. But then they keep going up.
According to the report, John had keys to the woman’s house and a gate opener. He allegedly stole 10 1-ounce gold coins. That would be worth over $43,000 at today’s gold price.
PGMs began the year with range-bound trading, continuing a multi-year trend. As Metals Focus described it, platinum, palladium, and their cousins traded in “narrow, orderly ranges.”
Maharrey welcomed Edward Sterck, Director of Research at the World Platinum Investment Council, to help investors understand why platinum and palladium are suddenly demanding attention.
Due to the actions of the PBoC in increasing prices, monetary gold now accounts for almost 28 percent of global international reserves. This is a truly monumental increase...
And now the Fed is back to doing QE—something that now seems to be its standard answer to every economic crash, even though the Fed never used to do QE prior to the Great Recession.
