This would be positive for gold as the printing of dollars, rising inflation and stagflation saw gold surge in the 1970s when it rose from $35 per ounce in 1971 to over $850 per ounce in January 1980 (see chart).
- Global silver market had large net supply deficit in 2016. Production -12% in one month in 2nd largest producer. Silver decline is due to ‘exhaustion of reserves’ in Peru
“We have all these latent threats that have been around for a while, Trump, European elections, Brexit, and they’re all just becoming a little more acute ..."
Gold silver ratio of 32 – 32 times more silver ounces sold. Gold: 22,232 oz and Silver: 716,283 oounces – bullion coins and minted bars sold. Gold is 2.6% higher and silver surged 3.1% in the shortened week with markets closed for Good Friday tomorrow
“We've had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower" ... "This goes much much higher than me”
Gold breaks 200 day moving average, 4th week of gains. Russia denounces ‘aggression’ & warns of ‘considerable damage’ U.S. ties and deploys cruise missile frigate to Syria.
Schroders is one of the leading investment managers in the world. James Luke, Commodities fund manager at Schroders, believes now is a good time to invest in gold and silver.
Gold up 8%, silver up 14%, palladium up 17.7% and platinum up 5.2% In Q1 (Must see charts and tables). Silver best performing currency in quarter. Five best performing currencies in Q1 are in order – silver, bitcoin, Mexican peso, Russian ruble and gold
