The Rush to #Gold: A New Respect Is Growing. The Rush to Gold: A New Respect Is Growing. Source You didn’t come here today for bad news.
There’s plenty of that everywhere you look, and even where you don’t look. So here’s the good news. A new rush to gold has begun. To see where we’re headed, let’s first see where we’ve been. Gold and silver owners in the first ten years of this new century were in for quite a ride, watching gold soar to $1,895 and silver to $49 by 2011. Gold had bottomed at $255.95, Apr 2, 2001. The national debt in 2001 was $5.8 trillion, on its way to today’s $20 trillion. “War on cash” was an unknown socio-economic term. Gold Rides an Escalator, while Silver Rides a Roller Coaster While the DOW and S&P languished in the agony of three crashes from March of 2000 through 2009, gold and silver got no respect from Wall Street or financial media. Thanks, in part, to the top-down manipulation of bullion bank price suppression, gold steadily fell 55% and silver 72% from 2011 through 2015.
But no market goes up or down forever. 6 #Myths About #PreciousMetals (And the #Facts) 6 Myths About Precious Metals (And the Facts) Note From Kalen: I have limited knowledge in the precious metal arena.
So I’m happy to bring on Stefan Gleason, President of Money Metals Exchange, to take some common myths, and replace them with the facts. Check it out! Gold attracts its fair share of detractors, but the most common objections to gold as money, and as a safe-haven asset within an investment portfolio, are misplaced. Anti-gold myths are ubiquitous. Mega billionaire Warren Buffett remarked derisively of gold that it “gets dug out of the ground in Africa, or someplace.
That brings us to the first thing precious metals naysayers get wrong… Myth #1: “Gold has no utility.” Warren Buffett is without question one of the world’s greatest investors. Buffett’s primary business interests are in banking and insurance. He has literally made fortunes off the fiat monetary regime. In any event, the claim that gold has no utility is false. Myth #2. Every generation comes up with some new reason to regard gold as a “barbarous relic.” #Palladium and #Rhodium Are on Fire, Is #Platinum Next? Palladium and Rhodium Are on Fire, Is Platinum Next? : Gold Silver Worlds. Platinum was once the most precious of metals.
For decades, it traded at a premium to gold. The other platinum group metals – palladium and rhodium – barely registered on investors’ radar screens. Platinum lost its crown to gold in 2015. It was overtaken by the other Platinum Group metals (PGM) metals in recent weeks. Given that platinum, palladium, and rhodium demand is largely driven by automobile manufacturing and the production of catalytic converters, one of these things is likely true; platinum is currently undervalued, or the other two have gotten ahead of themselves. 1 oz rhodium bars run about $1,455 each.
Which one is the correct assessment will depend on whether the current optimism for economic growth in both developed economies and emerging markets has been well placed. Platinum does look remarkably underappreciated. Auto makers should bid for whichever metal offers the lowest cost as all three are somewhat interchangeable. Rhodium is available primarily in 1 ounce bars.