Hi Steemians,
The USD index has moved up this week. The gold and silver prices have moved up as well which would indicate a little strength in the metals.
It's interesting to note that the silver price has moved quite a lot higher than that of gold. Since gold and silver move in tandem but with silver moving higher this week, I would hazard a guess there is more strength in silver than gold at this stage.
This makes sense given that most people would be attracted to silver as the price would be more appealing. Many ordinary people would look at the price of gold and automatically see it as too expensive, thereby not looking any further at precious metals as affordable assets. Many naturally overlook silver as a very affordable asset, which would offer them the same protection as gold would, in the event of a financial crisis. An added bonus is they wouldn't even need a loan to pay for a few ounces.
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Have a good week and remember gold would have value if for no other reason than that it enables a citizen to fashion his financial escape from the state.