“As silver trades near seven-year highs, here’s why investors continue to pile in” – CNBC #silver

TSI editor’s note: In an article that appeared on CNBC yesterday, reporter Vicky McKeever reveals to us why so many people are now interested in silver. She first explains that “The silver spot price, it’s real-time value, reached $29 an ounce last week, according to Reuters data.” Of course, you couldn’t buy silver at the spot price because that isn’t “it’s real-time value,” for physical silver being sold at coin shops across the country. Rather silver has been well over 30 dollars with rising premiums as product becomes more scarce. Despite this oversight, McKeever does quote Ole Hanson in his explanation of central bank money printing as one of the driving forces in the silver price, and thus deserves credit for reporting on the source of inflationary money printing.

Photo by George Becker on Pexels.com

Continue reading at: https://www.cnbc.com/2020/08/14/why-investors-are-piling-into-silver.html

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