by Daily Bell Staff
The Daily Bell
Forget Gold, Buy Silver ETFs Instead … Gold bullion exchange-traded fund SPDR Gold Shares ETF (NYSEARCA:GLD) is up over 27% so far this year (as of August 1, 2016). Investors should note that not only gold, most precious metals are on a tear this year on a subdued greenback, as these metals are linked to the U.S. dollar. – Seeking Alpha
This article, excerpted above, makes the case for buying silver ETFs.
With the recent announcement of a quarter point easing by the Bank of England, most major economies are once more in a “loosening” mode.
Europe and Japan are pursuing various forms of quantitative easing and the Britain will join them in this as well.
In the US, the 3-4 rate cuts that Janet Yellen was contemplating for 2016 has turned into a single rate hike thus far – that took place in late 2015.