Biden Administration Seeks To Raise Taxes On Investors

The reasons for owning gold and silver seem to grow by the day with everything that is going on in Washington and all the accumulating negatives for the U.S. dollar.

Last week, the Biden administration aggressively pushed its version of a Green New Deal. Their plans for dealing with the perceived climate crisis entail a radical transformation of the entire U.S. economy.

In remarks last Wednesday, Treasury Secretary Janet Yellen vowed to take a “whole-of-economy approach” to moving the U.S. toward net-zero emissions. That would entail a massive reduction in conventional energy usage and massive government-directed reallocation of resources. 

Switching from gasoline-burning engines to battery-powered motors on an increasingly large scale will have profound implications for investors.  The electrification thesis depends crucially on metals including copper, nickel, lithium, and silver remaining plentiful and affordable.

Over the past year, many of these metals have skyrocketed in price. They could skyrocket further on rising demand and diminishing reserves – not to mention the inflationary policies of the Biden administration and the Federal Reserve.

Silver is both a monetary metal and a Green energy metal – used in everything from solar panels to electric vehicle motors to battery charging stations. It could prove to be one of the best investments for the times ahead.

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