News from "The Gouge"
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Aug 11, 2022
Lower Gold and Silver Prices a Buy Signal?
The US is officially in a recession, unless someone believes the new definition of recession being "not this".
Leading up to this recession has been a combination of high inflation and Fed rate hikes.
During this time, gold and silver spot prices have been dropping slightly.
Everything seems to cost more. The dollar is worth less. The fact that literally everything costs more, is more of an indication of the decrease in the value of the currency.
At the same time, the cost of gold and silver has gone down.
Gold is down from just over $2,000 and ounce in March 2022, to $1,790 as of today.
Silver is down from just over $26 and ounce in March 2022, to about $20 as of today.
Now no one can predict the future, and this is not investment advice, but if the adage is to buy low and sell high, is this a good low to secure more metal?
Given the current low price of precious metal, relative to the value of currency, could mean metals are undervalued, thus a good buy.
Again, and again, the question is asked, How can you print this much money and not devalue it?
Knowing all of this, is it time to invest in something other than US dollars? Precious metals are popular commodities.
This release is for informational purpose only.
No legal, financial or investment advise is given, just opinion.
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