Workflow
Monetary instability
icon
Search documents
Ron DeSantis Calls Gold And Silver Rally An 'Indictment' of the Fed: 'Investors Lack Confidence In Fiat'
Yahoo Financeยท 2025-10-17 21:31
Core Insights - Florida Governor Ron DeSantis links the recent surge in precious metals to a crisis of confidence in the U.S. monetary system, indicating a shift in investor sentiment towards hard assets [1][2] - The year-to-date rally in gold (61.19%) and silver (79.36%) is viewed as an "indictment of the Fed," reflecting growing concerns over inflation and the depreciation of the U.S. Dollar [2] - Prominent figures in finance, including billionaire hedge fund manager Kenneth Griffin, express concerns about asset inflation away from the dollar, as investors seek to de-risk their portfolios [3] Precious Metals Performance - Gold is currently trading at $4,208.20 per ounce, experiencing a slight daily decline of 0.02%, but has increased by 14.4% over the past month [4] - Silver is trading at $52.61 per ounce, down 0.80% on Thursday, with a notable increase of 23.58% over the past month [4] Market Sentiment - Economist Peter Schiff predicts that gold's rally will continue, suggesting potential prices could exceed $5,000, $10,000, or even $20,000 per ounce due to ongoing depreciation of the dollar [3]