20 Possible Reasons For Gold & Silver Prices to Continue Climbing
US Congress is in disarray. The House cannot pick a speaker, causing gridlock in Washington. Spending bills, new laws, etc can't be passed.
The Ukraine-Russian war continues without an end in sight.
The start of the Israel-Hamas war will likely spread beyond those two countries, dragging other Arab/Muslim countries into the war and against the US Western interests. (but remembering the US Dollar is both anti-silver and anti-gold)
The US will continue to fund involved allies in these conflicts by providing advanced weapons and money through borrowing, spending, and creating more inflation (paid by the US taxpayer).
Another hot war could develop between China and Taiwan. If China invades Taiwan, the US will not succeed in defending Western interests by spreading itself so thin around the world. Involvement in three simultaneous active wars would jeopardize US dominance.
Conflict and wars in the Middle East generally increase oil prices. Oil is an input cost of every product and service consumed. If oil prices continue to surge, this would cripple consumption, damage the economy, push inflation even higher, and cause the Fed to raise interest rates even higher.
Everything above does not change the Gold and Silver thesis --which remains intact.
The Global war machine will take a lot of silver.
The fight against Climate change will take a lot of silver.
Interest rates will need to rise to attract buyers for all the new debt that will be issued and refinance the old debt that is maturing.
The Dollar and PMs will rise simultaneously for a while; higher interest rates will help the dollar, and lower production, higher cost, and higher demand will help silver.
Many people will realize they need gold and silver to survive the known and unknown problems we face.
There will be new discoveries and uses for silver.
Trust is all but lost in governments at all levels, local, state, and national, in most countries; the system is corrupt; it favors the Bankers, War Profiteers, and Politicians.
Very few assets are as good of a store of value and energy as silver.
Silver has no counterparty risk; it's value is intrinsic.
The debasement of currencies is accelerating; the US alone has added over 500 Billion to the national debt in the last 3 weeks.
Silver comes out of the ground, 8 or 9 oz. for every 1 oz. of gold that comes out of the ground, and yet it is priced 87 oz. of silver for 1 oz. of gold, it is way undervalued.
This is not financial advice; asset allocation is critical; cash, hard assets, real estate, high-quality dividend-paying stocks in retirement accounts, Roth IRA, and Taxable accounts have worked well.
I only buy silver I can afford to hold forever; it is my go-to hell money. (If things go to hell, I will have some money.)
Written by members of The Ape Community
History Lesson: Free-Silver Movement
The free-silver movement of the late 19th century advocated the unlimited coinage of silver, which would have resulted in inflationary monetary policy. In 1873, Congress had removed the use of silver dollar from the list of authorized coins under the Coinage Act of 1873 (referred to by opponents as 'the Crime of '73'"). Although the Bland–Allison Act of 1878 directed the Treasury to purchase silver from the "best-western" miners, President Grover Cleveland repealed the act in 1893.[4] Advocates of free silver included owners of silver mines in the West, farmers who believed an inclusion of silver would increase crop prices, and debtors who believed it would alleviate their debts. Although the free silver movement ended, the debate of inflation and monetary policy continues to this day.
