Stefan Gleason Blog | Actions By Biden, Yellen, Powell Make Gold & Silver Ownership Imperative | Talkmarkets - Page 3
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Gleason is president of Money Metals Exchange, a national precious metals investment company and news service with over 450,000 readers, 35,000 paid customers, and $120 million in annual sales. He launched the company while president of a national newsletter publishing ... more

Actions By Biden, Yellen, Powell Make Gold & Silver Ownership Imperative

Date: Friday, April 9, 2021 3:43 PM EDT


Failed big government solutions gave rise to Ronald Reagan, who declared government to be the problem.


Some political pundits see Joe Biden’s presidency likely playing out like Carter’s.


Regardless of whether you think Biden’s weak dollar policies are good for the economy or the country overall, they could be great for precious metals markets.


Gold and silver prices exploded during the Carter years. Although we haven’t seen a huge pop in metals thus far in Biden’s presidency, we have seen a massive surge in bullion buying.


If investment demand for gold and silver is precursor to price movements, then a price explosion could be coming. Bullion dealers haven’t seen anything like this recent wave of buying in years, if ever.


After pulling back from its all-time high at $2,100 last August, gold is basing out and could be gearing up for a fresh, significant leg higher that could see it reach $3,000 or higher within a couple years.


At the same time, investment demand for silver has been outpacing industrial demand in recent months – something which ordinally never happens. These aren’t ordinary times.


Those who insist silver is just an industrial metal with no monetary properties are dead wrong. The fact that silver coins have circulated as money throughout the ages has something to do with why so many people are now turning to silver as a fungible store of value, as an inflation-resistant alternative to paper cash.


The case for sheltering wealth in gold and silver is made every time Joe Biden or Janet Yellen or Jerome Powell open their mouths. Everything they are talking about doing involves more spending, more borrowing, and higher inflation.


Mike Gleason is a Director with Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason is a hard money advocate and a strong proponent of personal liberty, limited government and the Austrian School of Economics. A graduate of the University of Florida, Gleason has extensive experience in management, sales and logistics as well as precious metals investing. He also puts his longtime broadcasting background to good use, hosting a weekly precious metals podcast since 2011, a program listened to by tens of thousands each week.

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