METALS OVERVIEW

Gold, Platinum, and Silver often referred to as precious metals. We are all familiar with them and the twinkle they bring to our eye. The last 15 years or so have not been very good times for the "precious metals". They have been increasingly used for industrial purposes and in electronics. Since the Bretton Woods accord in November of 1973, that took the US dollar off of the Gold standard, gold has not been used to back our currency. Banks no longer use Gold or Silver to back their currencies, opting for interest rate items, that do not incur storage or security costs

 

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