Live Metal Prices / oz
Gold: 2071.02 EUR
Silver: 23.15 EUR
Platinum: 842.66 EUR
Palladium: 941.30 EUR
Rhodium: 4776.17 EUR

How Will Biden's $1.9 Trillion Stimulus Package Affect Precious Metals?

As the US Government debt keeps on increasing and exceeding its limit, Biden’s decision to add $1.9 trillion to the US debt has initiated an outburst. Currently, the US has $30 Trillion in national debt and these stimulus packages continue to increase national debt levels. There is a strong link between the rate of inflation, interest rates, money supply and precious metals such as gold and silver. As interest rates rise the prices of precious metals tend to fall. Due to US debt levels the overall money supply has doubled and this has increased the prices of precious metals like gold.

Current gold and silver prices sit at recent highs. Given the current value of the Dollar and impending inflation, owning precious metals now could be advantageous over the next couple of decades.  Despite stock markets trading at all times highs, gold and silver have also reached recent highs. This could signal a huge increase in precious metals prices when the stock market corrects. 

Both gold and silver are in a position to benefit greatly in the near future. This is due to the likelyhood that future increases in the money supply will likely increase interest in these metals, thereby increasing demand and conesquently, the price. 

Currently the United States economy is reliant on investment in stocks and bonds. In fact, much of the US stimulus money appears to have gone into the stock market, thereby artificically inflating and propping up the stock market.  The inflated stock market bears no relation to the real world economy. This would include factors like unemployment, wage growth, and the consumer price index (CPI). Investors aware of this discrepancy are likely to want to protect themselves from a stock market crash. One very good way to do this is by investing in gold and silver.   The US government debt continues to skyrocket, so continuing to increase debt burdens is likely to have a very bad outcome for the value of the US dollar in the long run. 

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