Inflation, since the Russian Ukraine conflict began has gone up substantially.
One can safely talk about galloping inflation all over the world or inflation close to 15 % - 20 % annual rate of price increases.
Gold's price, remarkably has not risen a lot during the last 2 years.
One explanation is the Federal Reserve raising the Federal Funds Rate and thus implicitly interest rates all over the world, which suppresses the price of gold, as the yellow precious metal is not an interest bearing asset.
However, in my humble opinion, in the space of the next 2-3 years the undervaluation of gold will crystallise with gold's rise price rising.
Silver's price, on the other hand could take 3-5 years to rise a lot. Simply because the price or value of silver contains a large industrial production component.
Silver is extensively used in the production of batteries for electric vehicles and solar panels manufacturing due to its electrolytic qualities.
All in all, precious metals, and the publicly listed stocks of precious metals by extension, seem strangely underpriced, undervalued, in my view.
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