

A look at Gold and Silver Charts (2022-12-29)
Last week we had a look at the Gold state of play, this week I would like to have a look at the situation with silver.
Last week we had a look at the Gold state of play, this week I would like to have a look at the situation with silver.
When banks are in trouble it is a misnomer, because of bank legislation regarding bail-in’s YOU are in trouble as your deposits will be used to bail them out. Remember your deposits are LOANS to the bank. When was the last time you looked at their financials?
Last week we spoke about silver and looked at the reasons that the dollar is getting pushback worldwide. This week I would like to add to that, but focusing on gold.
The majority of reasons discussed regarding silver apply equally to gold.
As you are probably aware, I strongly favor silver and silver stocks for numerous reasons. When looking all the way back to 2000, you can see that silver prices increased by about 125% and from 2003 to 2011 it increased by a whopping 950%
The World Gold Council said that it could not identify the source for 300 tonnes (US$ 15,325,887,500.00) in official sector gold demand in early November, (this is a huge amount of gold to be unidentified), speculation is that the whale might be China.
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