World Affairs Brief, August 20, 2021 Commentary and Insights on a Troubled World.
Copyright Joel Skousen. Partial quotations with attribution permitted. Cite source as Joel Skousen’s World Affairs Brief (http://www.worldaffairsbrief.com).
PRECIOUS METALS, STOCKS AND INFLATION
There seems to be a disconnect between precious metals and inflation. Collecting or investing in silver and gold used to be a reliable hedge against inflation. But ever since inflation started raging above 10% last year, silver and gold have remained flat. More and more traders now acknowledge that both metals are being artificially manipulated downward. My personal opinion, which I can’t prove (because the details are kept hidden) is that the inside players (like central banks) can sell silver and gold on the open market and buy back privately without reporting it, to replenish their stocks and drive down prices.
But stocks no longer follow real trends, and are powerfully manipulated. Breitbart business noted that stocks strangely went up last Monday after the Taliban’s victory over Afghanistan. “The S&P 500 and Dow Jones Industrial Averages reached all-time highs on the day that America woke up to find the Taliban once again running Afghanistan” That should have been a down sign for all the billions government is spending on military contractors, but it didn’t seem to matter. Continue reading “Skousen: Precious Metals, Stocks and Inflation”