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Metals Tell the Truth About the Economy
Gold and silver are sniffing out the inflationary regime. Rising together, even after pullbacks, the historic run in precious metals is part of a desperate SOS signal for the economy. The Fed isn’t the only one printing money. Trump is floating plans for 50-year mortgages and payments for veterans, seeking any justification for “stimulus” that he possibly can. These measures expand the money supply as well, either directly or by increasing the amount of debt in the system. Investors turn to gold when confidence in fiat currency weakens, when real returns look fragile, and when policymakers appear boxed in. ... (full story)