Gold and silver both had an excellent two-year run in 2019 and 2020. But they’ve spent much of 2021 so far in a downward drift.
Which is puzzling given how many tens of $trillions have been injected into the global system by the world’s central banks since the pandemic hit last year, as well as the massive spike in inflation all of that monetary and fiscal stimulus has caused.
The prices of nearly every other commodity have risen dramatically in response — but why not the precious metals?
And beyond the metals themselves, the precious metals mining industry remains one of the extremely few sectors NOT trading at all-time bubble-level highs, despite being more profitable than ever.
In fact, on a relative basis, it has almost never been more undervalued — ever.
In this new video, precious metals analyst Jeff Clark explains why it’s only a matter of time until the market corrects this extreme discount, and why higher prices — likely MUCH higher — lie ahead.
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