The success of the Fed in curbing economic volatility and what it may mean for gold and silver
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
Jeff discusses how the Fed impacts economic volatility, and provides a brief update on gold and silver.
CPM Group's Jeffrey Christian discusses economic volatility, and why the Federal Reserve is not the problem, but in fact a solution. He delves into the history of state versus nationally chartered banks, discussing how state banks would lend out money on a fractional reserve currency without any sort of auditing and oversight leading to state banks counterfeiting currency, and an overall lack of faith in the system. This caused tremendous instability in the US economy, compared to now, when the Federal Reserve plays a hand in stabilizing the economy. Jeff also gives a short update on gold and silver, focusing on the reasons behind the recent rally, and why CPM Group expects some short-term bullishness, but is concerned about the price outlook over the next several months.