Disregard The Noise: Here’s Why Gold And Silver Prices Are Going Much Higher
The comments below are an edited and abridged synopsis of an article by Victor Dergunov
Gold and silver have been victims of steep declines in recent weeks, with gold dropping by roughly 7%, and silver by about 12% since the Fed’s decision in mid-June.
Despite the recent declines, however, the backdrop for precious metals remains very strong.
Inflation is already spiking, but trade tariffs and other factors should accelerate the inflationary process going forward.
In addition, the US’s national debt is the elephant in the room that nobody wants to talk about, but the only way it’s getting smaller is if it is inflated away.
Recent price gyrations are likely related to short-term trading positioning, but fundamentals support much higher gold and silver prices intermediate and long term.