Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Why Silver Prices Will Rise with Trump’s Stimulus Plan

  by    0   0

Silver prices have been climbing steadily recently, rising almost 12% since the beginning of the year. The cost of silver is normally closely tied to the rise and fall of the price of gold, which has also seen a recent jump. Causes for the push in precious metals include a sluggish dollar, political and economic uncertainty surrounding Trump’s executive orders, and the Fed’s pass on an interest rate increase last month.

Another factor to consider is Trump’s stimulus plan, which promotes investments in infrastructure: roads, bridges, electrical grids and telecommunications. The industrial uses of silver would make it a high-demand commodity within such a pro-growth environment. Whether Trump’s stimulus plan finds enough congressional support among Republicans is still to be determined.

Silver is used in many aspects of life that it’s hard to think of living without it. In everything from cellphones and computers to some of the most innovative batteries currently being produced, silver makes much of our modern lives possible. The irony is that in order to stay a high-tech, modern civilization, we will continue to be dependent on silver to survive.

Once the fiat currencies of the world begin to fail, we will be forced to return to a barter system to keep an economy going. These primitive systems will most certainly be run on silver and other precious metals.

With the sociopolitical upheaval we’re witnessing throughout the world, it’s critical to be prepared no matter what happens. Give some thought to diversifying your portfolio to include precious metals. Buying silver and gold can greatly increase your chances of halting your declining or threatened wealth because of a flawed fiat currency system.

 

Get Peter Schiff’s latest gold market analysis ñ click here for a free subscription to his exclusive monthly Gold Videocast.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

Peter Schiff: The Fed Is Behind the Curve; Financial Conditions at Loosest Level Since 1994

According to data compiled by the Chicago Fed, financial conditions have reached the loosest level in the US since January 1994. This despite Federal Reserve tightening over the last year. On Nov. 10, the Chicago Fed National Financial Conditions index hit -0.93. As Peter Schiff pointed out in his most recent podcast, that was early […]

READ MORE →

Geopolitical Risk: The New Normal

Over the last year, we’ve talked a lot about geopolitical risk. Could turmoil around the world now be the new normal? Some analysts think so. Related

READ MORE →

Is a December Rate Hike Necessarily Bad News for Gold?

Fed Up FridayConventional wisdom holds that an interest rate hike in December will be bad for gold. But will it? There is actually evidence the opposite could be true. Related

READ MORE →

Another Step Forward for Sound Money: Location Picked for Texas Gold Depository

The Texas Bullion Depository took a step closer becoming operational earlier this month when officials announced the location of the new facility. The creation of a state bullion depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that could ultimately end the Federal Reserve’s […]

READ MORE →

Thompson Reuters GFMS Outlook: Gold Above $1,400 in 2018

Analysts at Thomson Reuters expect the price of gold to push back over $1,300 and then continue to rise above $1,400 through next year, primarily driven by overvalued stock markets, according to the GFMS Gold Survey 2017 Q3 Update and Outlook. Related

READ MORE →

Comments are closed.

Free Newsletter & Notification of Special Deals
RSS Feed
LINKEDIN
YouTube Channel
YouTube Channel
Google+
Google+
https://schiffgold.com/key-gold-news/silver-prices-will-rise-trumps-stimulus-plan
Call Now