Loading ...I agree with you about silver and the buying here in the states. Regular folks aren’t buying silver or gold like they did in 2001-2011. They are selling to the local coin shops on this run up. Dealers have plenty of stock for sale. They’re tapped and tapping 401K’s to live during this inflation. What they should be doing is dumping the stocks and buying phyzz but they don’t have the extra cash.
Clearly whatever buying that’s being done is overseas, and not on the radar of investors in the US. We won’t see any great gains until investors here get involved, and they won’t get heavily involved as long as the Crimex and LBMA are able to fiddlef*ck with the dollar price of the metals. Maybe if the SM finally rolls over they will, but for now they’re making money in tech and Bitcoin. Why mess with something that hasn’t even kept up with inflation?
This is a headline from ZH – I suppose if this were to happen as an official policy, that might change. One thing though, Trump is a strong dollar guy. I don’t know what they mean by “imminent.”
An active devaluation of the dollar has risks attached to it too, not only for the US, but for the rest of the world and the global financial system…