SILVER AND GOLD PRICING FREE

What would be better than a stimulus check, it’s free money! This is because your DOLLAR is worth LESS. Has Wrigley improved their hallmark candy to chew smoother, improve dental hygiene, and last longer? No, it’s the same exact product, the difference is, the ingredients used remain as valuable as it was prior but it takes more US dollars to purchase the ingredients, forcing Wrigley to charge more. Well, that same pack of gum at wally world is selling for $1.19. Some of you might remember the late 90’s when you could buy a pack of Wrigley’s chewing gum for about 10-15 cents a pack. Unless you expect to receive a pay raise from your boss for the exact rate of inflation then technically by this time next year you will be making less money. BUT, unbeknownst to the majority of the population, the long-term effect (devaluation) quickly outweighs the $1,200 extra bucks to spend on Amazon that month.īut wait, why do I care if the dollar decreases in value?

This helps invigorate business and prevents the stock market from plummeting.

The argument for a stimulus check is short-sighted in that large sums of money dropped into the populations checking accounts do create that money to be dumped directly back into our economy, with a huge caveat. This is something that is battled in congress and creates a huge divide between the two political parties in the U.S. The immediate effect of stimulus checks is very noticeable but there is an on-going argument that the long-term effect is more damaging than the short-term benefit. This term is often thrown around in the precious metals industry and although true, faith in fiat paper ‘legal tender’ (tinder) remains unshaken by in large. This means you will not only receive a second Stimulus Check but you will also see industrial demand increase and both major currencies (the euro and dollar) decrease even further in value. Government and European Union announce over $4 trillion dollars in more stimulus on the way. stimulus from back in March as today July, 24th 2020 the U.S. We are only barely feeling the effects of the $2.2 trillion dollar U.S. In addition to the sudden surge of demand. It’s not necessarily the case that Gold and Silver are more valuable then they were last week, it’s that the fiat currencies used to purchase the metal is less valuable then it was last week.

It has reignited the world's industry as well as devalued global currencies, causing the demand for Precious Metals (both investment and industrial noble metals) to soar and major global currencies to weaken. With the slowing of the global industry forcing Governments worldwide to increase money supply into circulation in the form of stimuli to reinvigorate the world economy. This is to account for the dip we observed back in April. This means industrial purchases of noble metals slowed. With the industries that purchase and use noble metals in manufacturing (which accounts for well over 75% of all Precious Metal transactions) slowing as well. All industries had slowed, due to the current global pandemic known as the COVID-19 Pandemic.

Silver and gold pricing