Yes we are living in an interesting time already ... as more trillions of any major currency is produced out of thin air lately...the weaker gold price gets ???...
My grandchildren would not agree with that economic new normal science... and as Gary Wagner wrote elsewhere, we can expect some substantial improvement in price of Gold and Silver for more reasons than that:"...Chairman Powell, addressing some economists concern regarding ever growing national debt... said that "The U.S. federal budget is on an unsustainable path, meaning simply that the debt is growing meaningfully faster than the economy. The current level of debt is very sustainable. And there's no question of our ability to service and issue that debt for the foreseeable future."
In addition to that there is rising tension between the United States and Russia. Yesterday President Joe Biden signed an executive order imposing new sanctions on Russia based on information suggesting that they had interfered with our election as well as an increased amount of Internet hacking and other "malign activities," which include sending additional troops to Ukraine as well as the continuation of persecution of Russian dissidents in specifics to Alexei Navalny.
In response to these issues, the White House issued an "Executive Order on Blocking Property with Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation." The full Executive Order can be read by following this link.
There is also increased tension with China. Today President Joe Biden met with the Japanese Prime Minister, Yoshihide Suga. According to CNBC, "The two leaders will gather in Washington in what will be the U.S. president's first in-person summit with a foreign leader since his January inauguration. The meeting comes as the U.S. seeks to challenge China on issues ranging from human rights to unfair trade practices."
These events collectively have been the driving force moving both gold and silver to gain value this week. All things being equal, they could continue to drive gold back above $1800 per ounce and silver above $28 per ounce..."
and we have a lot of gold and silver in a de-risked projects... all approved and ready to fire up! DYOR
