The prime lending rate , the spot on silver will decline
I was told that when the prime lending rate goes up that's a warning that the spot on silver will start to go down. Why is that?
When the lending rate increases, that's a sign that the Fed is trying to control the growth of the economy and as a result, inflation. Silver and Gold are hedges against inflation, so when the Fed raises rates to try and stop inflation, Silver and Gold become less valuable, and therefore their prices decrease.
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It is better to save money or pay off all your bills?
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