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Metals are Moving

April 20, 2011

Following the gold and silver markets provides a barometer to the state of the global economy, one built on the fickleness of fiat currencies and the debt-as-value mentality of fractional reserve banking. So what’s gold and silver doing?

Today: Gold gained a good foothold over the $1500 mark, and silver is now over $45 and moving upward. I believe that silver will surpass its modern ceiling of $49.

Below are the charts for gold, 1975 to present, and silver; 1985 to present, as displayed at Kitco.com.

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