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