The Phaserl


Gold and Silver Shoot Higher: It’s Not Iraq, It’s Inflation

By Jason Simpkins, Outsider Club:

Gold prices posted their biggest daily gain in nine months yesterday, rising 3.3%. And silver climbed 4.4% to its highest level since March.

Strangely enough, I’ve seen some headlines attribute this price surge to the turmoil Iraq.

But that’s really not it at all.

It’s inflation.

Plain and simple: For months, years even, the Federal Reserve has downplayed the threat of inflation.

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