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 weekly email updates.
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

17 Million Americans Behind on Mortgage or Rent Payments

Even as market mania continues over hopes for a coronavirus vaccine, the economic devastation caused by the government response to the pandemic continues to ravage the economy.  Seventeen million households are behind on rent or mortgage payments, and nearly 6 million Americans say they are at risk of eviction in the next few months.

READ MORE →

Foreign Share of US Debt Plunging; Fed Picking Up the Slack

Over the last year, the US government had borrowed over $4.2 trillion. The national debt now stands well above $27 trillion. There is no end in sight to the borrowing and spending and that raises a significant question: who is going to buy all of the bonds necessary to finance the government spending machine? Not […]

READ MORE →

Taxpayers on the Hook for $435 Billion in Student Loan Losses

US taxpayers are on the hook for a $435 billion loss on the $1.37 trillion in student loans that were on the government’s books at the beginning of this year, according to an internal study by the Department of Education recently reported by the Wall Street Journal. That’s before any loan forgiveness program that might […]

READ MORE →

Money Is Not Wealth

When governments started locking down the economy in response to coronavirus, the Federal Reserve sprung into action. First, it slashed interest rates to zero. Then it quickly launched what we’ve dubbed QE infinity. In effect, that meant printing trillions of dollars out of thin air and pumping them into the economy. Meanwhile, the US government […]

READ MORE →

The Fed Now Holds a Record Percentage of US Debt

The US government has borrowed $4.2 trillion in the last 12 months, pushing the total national debt to over $27 trillion. In order for Uncle Sam to borrow, somebody has to lend. So, who is buying all of these government bonds? Foreign and domestic investors, commercial banks and US government entities all buy US debt, […]

READ MORE →

Comments are closed.

Call Now