In reading an article penned by Egon von Greyerz this past week, I was reminded of the prescient writings of George Orwell as it relates to where we now find ourselves economically and politically.
Over the course of this year, the disparity in pricing between the paper or “spot” price of precious metals has widened. Put another way, the “premium over spot” at which physical precious metals sell has increased in calendar year 2022.
The disparity in price between physical metals and the spot price of metals has always existed but has been growing of late; just one phenomenon that exists due to the artificial economy created by fed policies over the past decade-plus.
When inflation first became a topic of conversation, I stated my view that unless we saw real positive, net interest rates, inflation would not be controlled.
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