The sudden spike in gold and silver has been impressive, although it is unsurprising considering the inflation bomb about to go off.
At the time of this writing, gold prices topped $2,070, while silver is nearing $29.
With the Federal Reserve admitting that it will not tolerate deflation and is trying to increase inflation, more people are pouring into precious metals. This is making the gold bugs richer.
Is there any slowdown in sight? Probably not. There might be a slight correction, but this is most likely the point in time for gold and silver to just venture to the moon.
Even if a vaccine is developed and issued to Americans, that will not reverse the trillions of dollars that have been spent and printed in only a few months.
While you might have missed out on gold, silver is still reasonably priced than where it was a decade ago of around $45 to $50. Of course, be careful of spot prices, which come at a premium of around $10 to $20 per coin or bar.
You could also try out SLV or some low-volatility ETFs that are exposed to silver if you have not accumulated the metals after all these years.
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