The Advisor Metals Precious Metals Blog Post for March 28, 2025
Stock market moving lower, physical precious metals moving higher
Those of you who are my customers and those of you who are my potential customers are the smart money. I am asked “Is gold too high? “Is silver too high?” “Am I buying at the top?”. In my opinion, no. I receive these questions regularly and recall when I received these questions when gold went above its previous all-time high of $2,060 and silver was in the $20s oh those many many months ago.
Metals are purchased for diversification, a hedge against a US Dollar decline, a stock market decline, economic and global uncertainty, as well as many other reasons. Gold is setting new highs today and silver is setting yearly highs on its way, potentially, to its all-time high while the stock market indices have moved significantly lower.
This morning, further bolstering this view and confirming my analysis, the FED’s favorite inflation gauge, the core Personal Consumption Expenditures Index (PCE) came in hotter than expected at a .4% monthly increase and a 12-month increase of 2.8% above the FED’s 2% inflation target. Hello stagflation!