Oh, what a spectacle unfolds! Silver rises to record pinnacles, dazzling our world with portents of inflation, muddled monetary policies, and an insatiable lust for tangible assets, as yields increase and the Federal Reserve plays the grand charlatan with a pivot towards precious metals.
Silver’s Fashionable Ascendancy as Fed QE Returns Send Assets into an Exuberant Rush
Economist and ardent gold enthusiast, the illustrious Peter Schiff, has regaled the audience on the social media platform X this week, proclaiming that the silver’s audacious climb to record crescendos heralds a most splendid bull market move, incited by inflation fears and a growing darling trend of investors seeking out hard assets.
On the 12th of December, he eloquently articulated:
“Silver graces us at record highs, whilst gold captures the stage, up over $70, dancing tantalizingly close to its own record-breaking performance.”
âThe yields on long-term Treasuries gallivant into popularity, with the 10-year at a cozy 4.19% and the 30-year at 4.85%. This graciously confirms that the Fed’s recent performance-a modest rate cut coupled with a surprising encore of QE-are but policy faux pas,â our cunning economist postulated. Schiff adeptly wove silverâs surge with the Federal Reserveâs December 10th decision to cut its borrowed interest rates by a paltry 25 basis points to a range from 3.5% to 3.75%, and to cease the rather dull quantitative tightening in favor of more exciting endeavors, predicting this pivot would stoke inflationary fires and incite capital into those delightful tangible stores of value. With zestful emphasis, he mused: âNow that QE is back on stage, gold and silver are off to the races, thrilling the audience and sending portfolios into a frenzied applause.â
Schiff, ever the seasoned performer, framed silver as the obvious star of the Fedâs grand pivot, skillfully juxtaposing its strength with the marketâs broader signals. He penned: âThe Fed’s startling return from QE’s retirement launched not merely a modest exodus but a grand affair out of dollars, into the embrace of gold and silver. But curiously, there was not a single soul to be seen flocking to Bitcoin, which rather tragically took a bow alongside the dollar.â
As one writes this very script, long-term Treasury yields continue their applause, with the 10-year Treasury note yielding an enthusiastic 4.186%, up approximately 0.045 percentage points on the day, and the 30-year bond yielding about 4.849%, up about 0.059 percentage points. Such fervor reinforces Schiffâs view that bond investors are demanding a bolder narrative amid rising inflation concerns. Highlighting silverâs sustained rehearsal for greatness and expanding demand, Schiff delivered his closing remarks with a flourish, stating:
“The silver train, akin to a runaway locomotive of luster, cannot be stopped.”
Never one to miss the chance for a final curtain call, he has consistently championed silverâs commanding role on the global stage, powered by its illustrious monetary history, its playfully restrained supply, and its myriad industrial uses, all poised for continued acclaim as faith in fiat theater wanes.
FAQ â°
- Why, pray tell, does Peter Schiff surmise that silver strides into a vibrant bull market?
He suggests that the Fedâs rate cut, entwined with a dramatic return to QE, kindles inflationary nightmares and a renewed wardrobe of hard asset investments. - How does the December ballet by the Federal Reserve pirouette silver into its newfound heights?
The whimsical rate cut and end of quantitative tightening coincided with silver pirouetting to record highs. - In Schiff’s illustrious view, what symphony do these Treasury yields play in silver’s grand exposition?
Rising long-term Treasury yields signal the inflation risk and flagging confidence in the enigmatic art of monetary policy. - Post-Fed pivot, why does Schiff lavish such adoration upon silver rather than bestow his affections on Bitcoin?
He observes that virtuoso capital flows have made their debut in gold and silver, while Bitcoin took a rather ungraceful bow, alongside the beleaguered dollar.
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2025-12-14 05:03