EDITOR'S NOTE: Listen to any mainstream financial expert and you’ll find that the entire industry is comprised of gold and silver naysayers. Gold doesn’t return any yield. History has shown that gold and silver are poor hedges for inflation. Gold is a relic that no longer has any real monetary function. That last point can easily be debunked by the very fact that central banks not only hold gold in reserve but are active in purchasing the metal. The other anti-gold arguments can also be debunked by looking at historical metrics. Need proof? Dan Popescu's inflation chart (Twitter) below will debunk volumes of arguments written against the yellow metal. And it will do so in less than half a minute.
Cumulative US inflation since 1970 to 2022 is 651%. #Gold price in US dollar is up 5,130%. #Silver price in US dollar is up 1,068%.
Say again gold and silver prices have not outperformed inflation with a straight face (Jun. 3, 2022). pic.twitter.com/NvICe9cWGo
— 🇪🇺 🇲🇨🇨🇭Dan Popescu 🇫🇷🇮🇹🇷🇴 (@PopescuCo) June 8, 2022
Originally published by Dan Popescu on Twitter.