All the metals have propelled higher over the weekend as physical demands shake off the efforts of those trying to force prices lower in the paper markets. The economic conflict between Russia and the West is helping free gold and silver from manipulation in ways that fines and threats from Western regulators to bullion banks have been thus far unable to do.
The conflict also puts palladium back in play, as Russia supplies nearly half of the world’s palladium. If they decide to impose the “rubles or gold” payment requirement for other commodities besides natural gas, gold and palladium will benefit from a “gold for palladium” scheme. However, it remains to be seen how many different sectors of goods the “rubles or gold” as payment requirement will be extended.
In other news, the investment landscape here in the United States also points towards precious metals, as many other sectors are struggling. A longer article detailing the difficulties is forthcoming this week, but in short:
Bonds, stocks, crypto, and real estate have been showing signs of weakness lately, while precious metals look to provide a safer place to find both protection and asset growth.
Get Our Free
Investor's Guide
About the Author: Bill Stack
Financial Analyst of 29 years and Gulf War Veteran, Bill has been helping families nationwide keep their money safe and growing since 1993. As a Certified Financial Fiduciary® and a RICP®, Bill specializes in helping protect your assets with growth potential.
Posting in:
byBill Stack