Melman on Gold & Silver
April 2020 by Leonard Melman
If we watch the action in six important markets, then we must conclude that there is, indeed, cause for deep concern.
Legislation to allow the Idaho treasurer to invest in gold and silver that must be physically stored in Idaho is headed to the full House.
The gold from 80 years ago still holds all of its value—it’s the Dollar that has been damaged.
Our initial thought is simply this: why create these artificial currencies, unbacked by any material wealth, when the two items that worked so well century after century—namely gold and silver—are still fully available?
It should come as no surprise that gold and silver acted similarly, rising sharply during the early hours of the crisis and retreating as tensions abated.
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