By signing legislation last night, Governor Mike DeWine has officially ended Ohio’s sales taxation of gold, silver, platinum, and palladium bullion and coins.
I’m willing to bet that many market participants would be surprised to see that silver has not been hammered lower like gold and the mining stocks. While the entire precious metals sector is starting to convey bullish signs, silver in particular is potentially explosive.
In the May 2021 report, “Basic M1” Money Supply Growth Jumped to a Record 81%. His analysis suggests ultimate economic endgame may be unavoidable, a hyperinflationary collapse.
Copper is utilized in so many industries, such as construction, transportation, and telecommunications, it has become a leading indicator of economic growth.
We sometimes forget that inflation is a process rather than an event. One of the better-known examples of that axiom is the nearly two centuries-long debasement of Rome’s silver denarius.
Recent collapses of bridges and a Florida condo building highlight what can go wrong when basic structural and foundational elements are neglected and allowed to deteriorate.
Poland’s gold holdings increased 1% in May, to 7.4MM ounces. The May purchase was the first major purchase by the central bank since 2019. Thailand has boosted its gold reserves 60% in recent months.
