Participation here is welcome to all, novices and pros, as the seeking of knowledge should be accompanied by a willingness to share it too. Moreover, we sometimes learn more about our own reasoning and motivations when we try to explain them to others who may ask questions.
For background, this board originated for the benefit of those who understood that with the outbreak of Covid-19 in 2020, the economic consequences would bring a boom to monetary metals without precedent. [Phase I of this period ended early in 2022 being followed by consolidation. As of late 2023, the precious metals liftoff had resumed.]
From mid-March 2020 to nearly the end of July of that 2020, the price of silver rose 100 percent. The price of gold went up over 30 percent. Setting aside peripheral reasons for these moves, the larger part of it arose from a massive expansion of printing-press money, along with the artificial suppression of interest rates in the US. The artificial expansion of money continues.
Though the Federal Reserve began to push interest rates higher in Q1 of 2022, pausing in late 2023, inflationary pressures on the US and global economy remain. Moreover, and as of March 2023, financial institutions across the world began to face new stability issues pushing up the risks for recession or worse. These things are very strongly supportive of higher precious metals prices, especially as the year 2024 began with hints of a slowing economy - something good for precious metals prices.
Meanwhile, global economic conditions and military belligerencies worsen as does volatility in currency markets.
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Please feel free to share news items as well as personal thoughts and observations of related interest.
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On how we operate here, traditional rules of civility apply and off topic exchanges will be allowed to some extent. Along the same lines, and as politics can not be separated from anything related to economics, please attempt to be as unbiased as possible, and be tolerant, if not respectful of opinions that may not align with your own. IF YOU CAN'T AGREE, PLEASE DO NOT POST HERE.
Though Silicon Investor handles complaints related to violations of terms of service, I can ban any poster at my discretion, but I can not remove posts. I will, however, make liberal use of my banning privileges should that become necessary to maintain decorum following fair warning.
Thank you for joining us here.
ValuePro (a.k.a. VP in AZ) |
