James sees gold and silver’s recent price action as similar to that seen in the summer and autumn of 2008: when liquidity concerns and bank failures drove the US dollar higher and metal prices lower (though not as low as many assets). The months and years the followed, however, saw substantial gains in gold and silver though, as traders and investors reacted to the flood of central bank quantitative easing. The period 2013-16 could be just as bountiful for gold and silver holders as that from 2008-2011.
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