The Perth Mint sold 66,709 oz of gold and 2,387,165 oz of silver in minted product form in January. “Demand was supported by the volatility seen in equity markets, which have started the year with a significant pullback, though a strong US dollar, rising bond yields and the expectation of a faster pace of monetary tightening from the US Federal Reserve, acted as headwinds across the month.” Minted Products “It was a volatile start to the year for precious metals, with gold trading in an almost USD 60 oz range between USD 1,790 oz on the downside, and USD 1,850 oz on the upside.” Manager, Listed Products and Investment Research, Jordan Eliseo said:
#Silver to skyrocket full
"I wouldn't be surprised if we see double-digit inflation in next month's numbers."įor more on investment hedges in this inflationary environment, please watch the full video above. I think we are going to see next month's numbers even higher, because it didn't account for rising gas, food and other prices across the board that we have seen since the outbreak of the Russia-Ukraine war," Hill stressed. "The latest Consumer Price Index report was at 7.9% for February. Now it's cost-effective to build in America again."ĭiscussing his outlook on inflation, Hill predicts it will keep rising. "It's gotten to the point where things have gotten so expensive. to help with supply chain issues," he said. We are going to bring manufacturing local. "We are going to see a lot of things brought local rather than importing food and other goods. Hill expects food and agriculture companies to also do well in this inflationary time. Commodity prices are skyrocketing, and tend to do very well during inflationary cycles," Hill pointed out. "Commodity stocks like mining and energy companies will do great, because people will continue to use their products. Hill explained why he is so bullish on the commodity sector. Jim Rogers: Only a matter of time before China takes Taiwan, markets due for landslide crash But in this environment, gold has been outperforming Bitcoin by a lot." But silver is a wild animal, meaning it has massive swings, and it kind of shoots all over the place," Hill added.Ĭomparing how gold and cryptocurrencies are performing during this inflationary period, Hill noted, "The argument for crypto last year was it would replace gold as the new inflation hedge, which was going to perform wildly during this period. "Gold is a favorite of mine, along with silver. There are some screaming deals out there, but it's a matter of weighing the economic factors with the valuations, and then deciding when it's a good time to buy." "But times like these create enormous opportunities. It has been for the last couple of years," Hill disclosed. "Right now, I need to be in something that is preserving my wealth, and that's why gold is a heavy part of my portfolio. Hill said that gold could trade between $2,500 to $3,000 an ounce and silver could rise to $50 an ounce in the next two years. This is a good ETF for investors to hold in their portfolios," Hill continued.
It covers gold, wheat, oil and all sorts of things. "There are also some good broad commodity ETFs that cover the whole spectrum.
Hill discussed investment hedges in this inflationary environment with David Lin, Anchor at Kitco News. "Gold is easy to get in and out of, and you can buy it anywhere.
I like gold because it is stable," emphasized Briton Hill, President of Weber Global Management. Stocks are a good hedge for moderate inflation, but we are past that. (Kitco News) - As inflation continues to spiral up to the highest level in 40 years, investors are looking for hedges against rising consumer prices.
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