In this week’s episode of Live from the Vault, Andrew Maguire is joined by a popular guest request: Peter Krauth, Author of Great Silver Bull and editor of the Silver Stock Investor newsletter, to explore the rich history of silver as money.
The precious metal experts evaluate the current price of silver and analyse how the precious metal may be impacted by the gold price reevaluation, shedding light on what’s driving the massive outflows and industrial demand silver is seeing.
“Silver was the first true, international currency used by every major empire.”
Timestamps
00:00 Start.
02:45 The New York Community Bank downgraded by Moody’s.
06:30 Silver’s history as money.
12:45 92 ounces of silver to buy one ounce of gold - Peter’s thoughts.
17:00 Traders spinning volatile price ranges.
20:30 How the gold price reevaluation may impact silver.
26:30 Peter’s silver stacking strategy.
37:45 Current price of silver = money for the masses.
40:45 Industrial demand for silver.
48:00 Silver production falling.
54:00 Silver outflows explained.
57:30 The US Sound Money movement.
This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.
Recommended Content
Editors’ Picks
GBP/USD drifts higher ahead of UK election results
GBP/USD extends its sideways grind near 1.2750 in the American session on Thursday. A broadly softer US Dollar keeps the pair afloat but traders refrain from placing fresh bets on the Pound Sterling while awaiting exit polls of UK election.
EUR/USD holds steady near 1.0800 after ECB Accounts
EUR/USD continues to fluctuate in a tight range near 1.0800 in the second half of the day on Thursday. The accounts of the ECB's June policy meeting fail to influence the Euro's valuation as trading conditions remain thin, with US markets remaining closed on Independence Day.
Gold consolidates weekly gains ahead of US NFP
Gold struggles to build on Wednesday's gains and trades in a narrow band above $2,350. Sustained US Dollar weakness alongside sluggish US Treasury bond yields help XAU/USD limit its losses ahead of Friday's key June jobs report from the US.
Crypto Today: Bitcoin crumbles under German government transfers, Ethereum and Ripple erase gains
Bitcoin trades below $57,100 on Thursday as German government transfers continue, $76 million BTC moved to exchanges. Ethereum trades near $3,100 ahead of the upcoming SEC decision on the Spot Ethereum ETF.
Investors await NFP to validate their Fed rate cut bets
Investors expect two rate cuts, even though Fed signals one. Recent data corroborates investors’ take. Nonfarm Payrolls waited for more confirmation.