The war in Iran has sparked fears of inflation and a selloff in sovereign debt around the globe. Slightly higher rates can be managed by global central banks, but sharply higher rates cannot. As such, a moment is fast approaching where central bankers will be forced to choose between greasing the monetary pump or fighting inflation. History suggests they’ll choose the former, not the latter.
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Source: SGT Report
Precious metals are a tangible commodity with a limited supply, so their value tends to hold during periods of high inflation as investors turn away from stocks, bonds, and other assets in favour of gold and silver. This pushes up demand, resulting in higher precious metals prices.
Read more »Gold and silver prices fall as inflation data and rate outlook pressure precious metals.
Read more »For $1,000/month, you'll need nine ounces of gold and 600 ounces of silver to get through a two-year crisis period.
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