Why is someone stocking up (see charts) on all that silver? Silver ore in mines is getting less-rich. Global silver production fall. Another massive deficit this year. Solar demand could be key. Silver could go ballistic
The uncertain political climate in the UK and the United States is weighing on the dollar and sterling. Concerns over U.S. political turmoil and the complete mess that is the current U.S. political situation will lead to continuing demand for safe haven gold.
But the most important development this week may be the one you never heard about on the news or the internet. On May 10, gold launched a decisive turnaround from its most recent decline.
Global retail investment in gold has exploded in the last 15 years. At nearly 1,000 tonnes last year, it was two and a half times the levels seen in 2001.
“I’m very pessimistic on weapons of mass destruction generally although I don’t think that nuclear probably is quite as likely as either primarily biological and maybe cyber,” Warren Buffett
