Is it ‘Too Late’ to Buy Gold, Silver?
Ignoring the effects of inflation of the money supply, the price of gold this week reached an all-time record high, closing on the COMEX on Aug. 5 at $2,031. Silver’s COMEX close on the same day of $26.87 was the highest for that metal since April 11, 2013, more than seven years ago!
From gold’s COMEX close on March 19, 2020, at $1,470.75, the price had risen 38.1 percent by Aug. 5. Since silver’s COMEX close on March 18, 2020 at $11.74, silver soared 128.9 percent by Aug. 5.
The question we are starting to hear is if it is “too late” to get in on the current boom in gold and silver prices. Part of the difficulty of answering this question with certainly is that we will not know where the market will peak until
