The bull market in gold (GLD) and silver (SLV) is the real deal. The price of gold at $1,844 per ounce is quickly approaching its all-time of $1,920 set back in 2011. Similarly, silver has gained upside momentum with a sharp rally in recent weeks breaking above the important $20/oz resistance level and now trading at $21.60. The combination of unprecedented levels of global fiscal and monetary stimulus coupled with record low interest rates is supporting the outlook for precious metals as a store of value amid uncertain macroeconomic conditions.
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