What is Really Happening in Precious Metals Markets?

In 2020, there has been another modest surge of interest of Americans wanting to own some physical precious metals, especially gold and silver. People are becoming more aware that governments’ inflation of the money supplies is almost certain to reduce the purchasing power of their fiat (paper) currencies.

There is any number of “experts” or “analysts” of precious metals who issue updates explaining what has happened in the markets and projecting what may happen. The quality of their research and forecasts has, collectively, been haphazard. If you are looking for an expert to follow who espouses your preconceived ideas, you won’t have much difficulty finding him or her.

Because precious metals markets are affected by so many factors (supply, demand, inventories, technological innovations, commodity futures markets, other financial markets, changes in currency values, political changes, as some examples) it is about