Melman on Gold & Silver
August 2021 by Leonard Melman
First, in order to compensate for the diminishment of purchasing power that usually accompanies rising inflation, investors normally have demanded higher interest rates on their investment assets. This was particularly true in the 1977-81 era when inflation soared to almost 20% and interest rates rose to roughly the same level.
• Is this a good time to invest in gold and silver?
It’s been no secret that the prices of gold and silver have been moving upward at a fast clip in recent months. Gold has soared 27 percent so far this year. There has not been a significant drop-off in production, so it’s been evident that an increase in demand has been a part of the force driving the price upward.
This is yet another potential danger to the financial and social health of America—and one which the precious metals markets appear to be taking under consideration.
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