it is late at night. I just want to take a few minutes to share some facts and part of my take on them.
Gold has taken a strong and rather quick return over the $2000/oz mark. Silver is close to rushing past the $30/oz mark. The profit taking, has been reaped, and now it is once again a sellers market, strong demand most likely to soon follow! I have been sharing some examples, and tried to bring awareness to all my readers, where you can easily see the effects of inflation, raising it's ugly head around us. If you haven't read one of those posts, simply compare the prices, you are paying for items now, and think about how much less they were, just last year.
And, now it has been officially recognized, in several released reports! If I am not mistaken, Bloomberg being one of the early reports. Of course these are just averages(some people will encounter heavier inflation than others), but the numbers generally start around 6% to 7%, and on upwards. Some projections are significantly higher, with long term projections of possible 12 to 14%, by next year.
This is a strong indication that all Precious Metals, along with some key CryptosCurrencies(such as BitCoin, Tezos, Bat, and the Precious Metals linked Cryptos) are sure to increase in value, as people seriously search for safe havens.
That is my take, from current events. I am no financial advisor, and everyone should do their own research. I realize that most readers will have their own place to view current Crypto prices. Here are a couple, where you can check on Precious Metal prices. Monex.com and Goldline.com.
I hope this gives you food for thought and a couple of extra resources, as we navigate our way through this rough economy.