Ian gives insight into what the large physical silver deficit might mean for the silver markets, and he discusses the high-grade Santa Ana Silver-Gold (75/25) project.
Silver investors have been disappointed with silver’s performance of late, the metal being range-bound at around $23-24 an ounce. It certainly hasn’t been tracking gold’s rally.
An allocation to gold and silver fits squarely within the objective of protecting Utah against financial risks and would logically be included in a list of safe and liquid investment options.
In any event, investors should prepared for high inflation to persist. Inflation risks may be to the upside near term as the election approaches and new stimulus schemes get rolled out.
The new statewide sales tax exemption on bullion coins, bars, or rounds (minted of gold or silver, but also platinum, palladium, or copper) takes formal effect on Saturday, March 23rd.
Imposing taxes on the exchange of Federal Reserve notes for monetary metals (i.e. gold and silver) has become an unusual and outmoded practice in the United States... only 7 states still engage in it.
While the price of silver is much more volatile, it generally correlates with gold over time. In fact, silver historically tends to outperform gold and a gold bull market.
