Precious Metal Major Rise

For some time, I have advocated pulling money from stocks or bonds, which support the capitalist supremacy and investing in precious metals, primarily gold and silver. I had predicted that these would increase significantly in value eventually. Even if not, they are far safer investments because even if they lose value, that loss is limited.

As of this past week, gold and silver have risen sharply in value as investors pull funding from the stock market and lose faith in the future stability of the dollar.

At the time I am writing this, gold is up to $1947.84/oz and silver is up to $24.25/oz. For gold, this is a one year increase of $517.79 (36.35%). For silver, this is a one year increase of $7.69 (46.76%). So, in terms of percentage, silver is outpacing gold by a considerable amount.

Precious metals have commercial industrial applications. However, global manufacturing has virtually collapsed in the past few months and will only collapse further as economic conditions intensify. That decreased use would seem to suppress the market and indeed does. This indicates that the increase in price is purely via investment at this time. However, if prices remain elevated and production does increase in the future, it will cause an even steeper increase in precious metals pricing.

The value of precious metals in the west have been highly manipulated and suppressed by certain entities, like JP Morgan, who was shown to own roughly 80% of silver investments for years. Now, with their liquidity…