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If you listen to fundamentals, you can quickly get lost. Often the fundamentals are the opposite of what the market wants to do.
The fundamentals show a shortage of supply of gold and silver, yet gold and silver came down. Talk of a short squeeze also did not cause gold to go up.
Precious metals are challenging what is real money. Is the US dollar, the paper fiat currency, real money?
A millionaire today is far from what a millionaire was in 1971.