We Commemorate The Life of Dr David Davis

With a profound sense of loss and enduring respect, we commemorate the life of Dr David Richard Davis, who passed away on April 11, 2024.

Markets worldwide have been overwhelmed with substantial liquidations in precious metals for over five months now, even as prices have soared to new highs. Who is buying?

Silver has been trying to retest the intraday highs set on February 1, 2021, thanks to the Wallstreetbets crowd on Reddit. Unlike its counterpart Gold, which reached all-time highs, Silver fell significantly short of retesting its peak. It currently remains more than 50% below its all-time highs.

Before I answer the question in the title, we need to understand the overall picture correctly….

From a fundamental perspective, the setup for most commodities over this next year and into 2032 (a new capital starved commodity super-cycle looks unavoidable) is more bullish than it has been at any point since year 2002.

<p>Global platinum supply heavily relies on South Africa (72%), Russia (11%), North America (5%), and Zimbabwe (9%), with 81% in geopolitically high-risk areas. South Africa faces social and economic challenges, including high unemployment and struggling state-owned enterprises. Eskom's power generation issues pose a serious threat to platinum mining and global decarbonization. Despite ongoing challenges, the South African platinum industry is pursuing renewable projects to reduce dependence on Eskom, but the risk of prolonged load shedding remains.</p>

Investing in precious metals, particularly gold, preserves wealth due to their enduring value and limited supply. Including a diversified portfolio of metals like silver, platinum, palladium, and rhodium provides stability and global liquidity. These tangible assets act as a hedge against economic crises and inflation, ensuring a secure store of wealth for future generations. Consequently, investors are increasingly leveraging precious metals to bolster portfolio stability in volatile markets.

I believe we have finally come to the end of this very long and extremely frustrating (for all concerned) near 3-year price consolidation in precious metals.

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