Wheaton Precious Metals Goes Full Macro Nerd
Not Random: The Gold-Silver Ratio
I happen to have WPM as a core precious metals holding. But in this case they are a source of a well done report on one of the most important macro indicators out there. Bob Hoye calls the interplay between the gold price and the silver price a “metallic credit spread” and its message is deflationary (Goldilocks in the US in recent years). Check out the full PDF and get geeked up…
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