I think it was mostly about China today, with the rise in their interest rates. Any excuse to bring the price down. But silver and gold are far from alone. Oil dropped more than $2.00 today as well.
Going forward all this money printing has to take its toll. All western paper currencies are being debased. In the end hard assets will be the place to be. Inflation is just beginning to bite. First in the emerging markets. Then it will spread here. I predict that we will have inflation rates running 10 percent plus in the coming years.
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