Debt is the canary in the coal mine for all of PMs.
In 1998, Wall Street bailed out a hedge fund called Long-Term Capital Management to prevent a meltdown of the global financial system. In 2008, the world’s central banks bailed out Wall Street. What’s going to happen when central banks need to be bailed out?
Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt is the money of slaves.
It may be a canary in the coal mine for industrial production, but typically it doesn't correlate that much with gold. If there's a liquidity crisis or if the debt crisis comes to a head, all physical assets should gain.
I will stick with gold...and U.S. gold coins.... Oh sure, some silver as well, but mainly gold. Cheers, RickO
Exaggeration and hyperbole are the canary for PMs....and all other assets. The more extreme the claim, the quicker the feathers fall off the bird. Sure would be nice to hear of the death of silver.
Stamp collectors are the canaries. Rare coin collectors the pigeons. Don’t worry. Bullion hoarders are the cockroaches.