As the stick market climbs amongst low GDP, higher taxes, more Federal spending, so do precious metal prices. Why?
It is simple, as the US
ofA goes into new levels of debt, over $27T by month end, the dollar is worth less and less which drives up precious metal prices.
Remember that in 1920 an once of gold would get you a very nice suit. Same thing today.
As I predicted in my 2021 predictions in the
Tri-Cornered-Tin Foil-Hat Board, that $2,000 an ounce ceiling will be broken by the end of the quarter.
