STUPF - StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Increasing Gold Silver Mining Assets as Investors Eye Precious Metals To Counter Inflation
- StraightUp is expected to benefit from increased interest in precious metals as investors, traders, and savers rush into gold and silver markets to hedge against inflation, which has risen to its highest point since 1982
- Economists expect that the strong inflation will continue driving buyers into gold and other precious metals
- StraightUp is acquiring various gold and silver mineral property assets in historically prolific regions of both North and South America
The latest data released December 10 by the Bureau of Labor Statistics show the US inflation rate rose to 6.8%, its highest point since 1982, on the back of higher housing, food, and gas prices. The price hikes are attributable to the pandemic, which disrupted and continues to affect manufacturing and shipping. At the same time, Americans have more cash to spend due to the US government’s stimulus payment program. This has burdened supply chains even further, bumping up inflation numbers (https://ibn.fm/90wSw).
Economists are, however, wary that the country’s inflation is no longer in the “transitory” ballpark. Instead, they opine that the Federal Reserve (“the Fed”), which is congressionally mandated to tame inflation, is losing control of the impermanence narrative of the...
NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at http://ibn.fm/STUPF
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