The U.S. Federal Reserve Bank (The Fed) has spoken. Its proposed remedies for the current high inflation scenario were not nearly as downbeat for precious metals as the markets suggested.
In answer to the question posed, I sincerely believe that the recent sharp dips in the gold price have indeed represented excellent buying opportunities.
The latest US Consumer Price Index (CPI) figure released midweek puts the country’s inflation level at a well above average 6.2% year-on-year - its highest for almost 30 years.
The out-and-out silver bulls have argued that the GSR will return to what they claim to be its historic level of around 16, leading to an enormous silver price boost.
