Gold and Silver Surge as the Debasement Trade Returns - LinkedIn
Gold and Silver Surge as the Debasement Trade Returns - LinkedIn
Source: LinkedIn
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DW NOTE
Gold climbed 3.7% this week to $4,654 — still 12.5% below its January high. Silver rose 3.5% to $68, down 41% from its one-year peak. Meanwhile the Strait of Hormuz sits effectively closed and the IEA expects global oil supply to fall 4% this year, yet WTI is down 27% from recent highs. If this is the debasement trade returning, it's arriving late and undershooting the actual debasement.