Above, 2022 Canadian Silver Maple Leaf coins. Photo by Armand Vaquer. |
The prices for gold and silver are defying "conventional wisdom" as their prices are rising while oil and gas prices are sinking.
At least that's what BullionVault is saying.
They begin with:
GOLD PRICES rose to fresh multi-month highs against a weaker US Dollar on Wednesday, gaining 2.9% for New Year 2023 as silver held firm above $24 per ounce and platinum touched its highest since Russia invaded Ukraine, but commodity prices fell as oil and gas sank near 1-year lows amid record January temperatures across Europe.
"National records have fallen in eight countries and regional records in another three," says the BBC, with the Alpine ski season currently lacking almost any natural snow.
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