Stefan Gleason Blog | Gold & Silver Wait Their Turn To Ride The Inflationary Wave | Talkmarkets - Page 2
President at Money Metals Exchange
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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

Gold & Silver Wait Their Turn To Ride The Inflationary Wave

Date: Friday, April 30, 2021 12:28 PM EDT

 

Palladium and copper prices are soaring to new heights. The housing market is rising at one of its fastest clips on record as lumber prices go through the roof.  Technology companies are grappling with a computer chip shortage. Retailers are struggling with a labor shortage as millions of working-age Americans stay home and collect government benefits.

 

Just about everywhere you look in the economy, supply chains are strained. The precious metals bullion marketplace is a case in point.

 

The fact that spot prices haven’t responded in kind over the past several months is a source of frustration for many gold and silver bugs. But it’s also a value opportunity.

 

Those who can see what’s coming know that the value of the Federal Reserve Note will continue to decline. They know that at some point the richly valued stock market will correct, pushing mainstream investors to seek alternatives. And they won’t be able to keep up with inflation by sitting in cash.

 

The tsunami of deficit spending and currency creation coming out of Washington will only increase going forward. President Biden just proposed trillions in new spending for what he euphemistically calls jobs and infrastructure. In reality, this spending represents and entire re-making of the U.S. economy.

 

Biden’s far-reaching agenda is leading some to compare him to Franklin Delano Roosevelt. FDR is commonly believed to have pulled the country out of an economic crisis through a range of government programs that fell under the banner of the New Deal.

 

What’s less commonly understood about FDR is that he radically expanded the power of government to control and destroy wealth. He threatened to pack the Supreme Court until it finally capitulated and stopped striking down his power grabs as unconstitutional.

 

Now Joe Biden is forming a commission to look into packing the Supreme Court with additional justices that would be more favorable to his agenda.

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