At some point, Americans are going to have to wake up. With the Fed funds rate set at 0.25, Americans can no longer earn any interest with their money in the bank. I just checked the average interest rates paid on a five-year CD is a whopping 0.36% while a Money Market Account pays a hefty 0.11%. Talk about what a losing game that is when the real inflation is running at 7-13% per year.
So, if money, or let’s correctly use the term “currency,” is a losing proposition, then why aren’t more Americans acquiring precious metals? Well, actually a few are, but in paper form. There has been a record movement of funds into the Gold and Silver ETFs over the past several months. However, that really isn’t a safe investment as it’s hard to know if the custodians of the ETFs hold all the metal they say, or if it is over-subscribed.
About the author
Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy.
Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles in some of the top precious metals and financial websites.
You can find many of Steve’s articles on noteworthy sites, such as GoldSeek-SilverSeek.com
WEBSITE: https://srsroccoreport.com/