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A bit of bad news, good news to start this week’s SD Bullion market update.
The fiat Federal Reserve note, most often miscalled the US dollar, continues devaluing real purchasing power at rates not seen in nearly 40 years.
The good news is, silver and gold continue being mispriced discovered by outsized derivative and fiat financialized markets that act as having little to no clue on the capital flow comeuppance to come.
In other words, investors can still get physical precious metals positions at comparatively low historical valuations to other asset classes propped and stubbornly still hovering in bubble status.
Prices reportedly increased near 1% from May to June 2021, signifying double-digit inflation using the government’s hedonic quality rigged, underreported inflation figures.
Jim Bianco had some insightful long-term fiat currency devaluation charts to share this week. In the following two US inflation charts, he used 6-month changes annualized to remove the “base effects.”
Taking out food and energy, two items we almost all need to keep our standards of living, here is the 6-month rolling price increase over the last 60 years.
Now here we add in all the using the government's CPI basket of inferior goods and services.
Again, we see about 40 yr highs in rolling 6-month price inflation data.
The currency head of the US Treasury does not seem too worried about more months of inflation ahead. All’s well, I suppose. Janet Yellen seems fine.
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'Sanctuary' - https://youtu.be/OgeKXriwMnA
Silver and gold spot prices had a mixed week.
The gold spot price ended with a slight gain on the week’s trading action.
Whereas the spot silver price had a big selloff to close the week, trading down nearly $1 fiat fed note per ounce over the last 24 hours.
For discount silver bullion buyers, keep an eye on the spot silver prices opening and early next week for potential discount bullion buying opportunities.
The gold-silver ratio reflected much of what I just told you, closing the week breaking above 70. The highest that key monetary metal ratio has been since the Reddit Silver Squeeze phenomenon began in late January 2021.
Speaking of the Silver Squeeze, I think it is important for you to see how the mainstream financial media is framing the movement as it goes.
Following up on their written article late last week, Reuters did a quick video synopsis on the Reddit Wall Street Silver squeeze phenomenon. Have a look at that here.
And as always to you out there, take great care of yourselves and those you love.
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