After the worst January for precious metals in two decades, investors still have a $102 billion bet on higher prices, hoarding more gold than all but four central banks and more silver than the U.S. can mine in almost 12 years.
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Comment: The boom for gold and silver won't be over as long as the central banks continue producing money like crazy. It is a grave error to call the price of gold absurd. What is in really insane is what central banks are doing. What happens to precious metals is a rational reaction to the irrationality of modern central banking.
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