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Sprott Insights offers unique analyses and perspectives from the firm’s leading experts on key topics in precious metals and critical materials.

Gold and Silver Surge as Fiscal Credibility Erodes

Sprott Precious Metals Report

Gold and Silver Surge as Fiscal Credibility Erodes

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  • Read time 10:00

Gold and silver surged in August as rising debt, higher term premiums and growing concerns about U.S. fiscal credibility revived the currency debasement trade. Gold is increasingly behaving as “outside money,” supported by strong central bank buying, while silver is benefiting from renewed investor demand, persistent supply deficits and tight inventories. We examine why these forces may be setting the stage for the next move in precious metals.

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