RE: Silver price $34 bucks an ounce at the Royal mint (NOW)20 Jun 2021 12:06
I don't much care for Basel III. My long-term play is inflation. The way I see it, either they change the World's monetary system and "reset" to a new, electronic, common currency or the Western nations, especially America, are in big trouble. The "threat" of interest rate rises appears to have temporarily hit precious metal prices, but in the medium to long term gold and silver are sure to start rising as people with wealth endeavour to protect their assets. And as for modern money theory allowing us all to live in comfort forever. Well it currently works if the Chinese are will to work 9-9-6, but it appears that the people are staring to kick back with their lie flat movement. I'm not a wealthy person, but I'm contemplating buying and holding gold at the Royal Mint over the next few years as I'm worried about holding precious metals at home. My thinking as that they will bring in negative interest rates within a year and it might pay to get in early. IMO the future isn't bright for the world but should be just fine for us Aliens.
GLA