CUR - SLV: Stagflation Is Here And Silver Is The Way To Play It

• The current surge in inflation and weakness in growth are in large part the result of the growth in government spending over the past 18 months.
• The fact that policymakers continue to believe that weak growth can be somehow cured by more easy monetary and fiscal policy suggests that more stagflation is to come.
• I expect precious metals to dramatically outperform over the coming years, as we saw during the 1970s. Silver is already 40% below its fair value based on its historical correlations.
• The SLV has shown its ability to track the silver price with minimal tracking error and a reasonable expense ratio and is therefore a good vehicle for benefitting from the resumption of the silver price rally.

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