Alasdair Macleod – Silver Will Soar As Global Monetary Crisis Is Dire

Thursday, June 4, 2020
By Paul Martin
June 04, 2020

Today Alasdair Macleod said the price of silver was set to soar as the global monetary crisis is dire.

Silver Will Assert Itself Once Again
June 4 (King World News) – Alasdair Macleod: This article examines the prospects for silver, which has been overlooked in favour of gold. Due to the economic and monetary consequences of the coronavirus lockdowns and the earlier turning of the credit cycle, there is an increasing likelihood of a severe and sustained downturn that will require far more monetary expansion to deal with, favouring the prospects of both gold and silver returning to their former monetary roles.

To understand the consequences for silver, this article draws on history, principally of silver standards in America and Britain, in order to appreciate the issues involved and the prospects for silver to regain its former monetary role.

So far this year, the story in precious metals markets has been all about gold. Speculators have this idea that gold is a hedge against inflation. They don’t question it, don’t theorise; they just assume. And when every central bank issuing a respectable currency says they will print like billy-ho, the punters buy gold derivatives.

The Rest…HERE

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