In the past 16 trading days, the Gold/Silver ratio has dropped from 86.4x to now 77.9x. But ’tis basically a three-week Silver gain of +12.9% versus just +1.8% for Gold.
As per CFO of the New Development Bank, the BRICS are discussing a common currency for the long term, but I will believe it when its design is finished.
A potentially pivotal week of trading is seeing precious metals markets push higher. On Thursday, the dollar slid to its lowest level in more than a year versus a basket of foreign currencies.
Prompted by the confiscation of Russian assets by the United States and its Western European allies, governments, central banks, and even mainstream news organizations are acknowledging..
So here we are… Fifteen years ago, the Fed initiated a pair of aggressive monetary policies they have repeated multiple times since. We’re now experiencing the consequences on the other side of the coin.
