Sure, low interest rates have been a catalyst. But there is a time for everything and recognition of the erosion of fiat money and its credibility, which supports the precious metals, perhaps, in the collective unconscious, parallels the current unprecedented erosion of trust in governments and politics. I really think there is something to this observation.
Current levels, with gold at $1495, silver at $17.5, platinum at $897, palladium at $1737, rhodium at $5500, iridium at $1495, and ruthenium at $255 will soon be history as prices move dramatically higher reflecting limited supply, no substitutes, and unlimited demand modulated only by much higher prices.
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