Many investors sense that the country, and the world, has drifted into uncharted territory.
The last year has been extraordinary. There have been COVID lockdowns, a disputed presidential election, and multi-trillion-dollar federal deficits and bailouts. The Federal Reserve has injected more money into markets than ever before.
This insanity showed up in the physical gold and silver markets.
Bullion dealers have spent much of the past year fighting to get inventory, because investment demand for coins, bars, and rounds has never been higher.
The frustration, for both seasoned metals investors and a whole lot of newcomers, is the demand hasn’t been fully reflected in the price. Yes, silver prices have showed strength. But silver has underperformed commodities such as lumber.
Let the sales push begin. President Joe Biden, Vice President Kamala Harris and their spouses are opening an ambitious, cross-country tour this week to highlight the benefits of his USD 1.9 trillion plan to defeat the coronavirus and boost the economy. The road show dubbed the Help is Here tour by the White House begins Monday with Harris heading to a COVID-19 vaccination site and a culinary academy in Las Vegas, and first lady Jill Biden touring a New Jersey elementary school. The president will have more to say about the plan Monday at the White House, and he plans to visit a small business in Delaware County, Pennsylvania, on Tuesday. He and Harris are slated to appear together in Atlanta on Friday.