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Welcome to another exciting week of precious metals news. As the holidays are underway for some while growing closer for others, gold stocks are looking good as a future investment. We have that piece of news along with much more for you on this Monday. Enjoy!
Let’s dig in…

Price
[VIDEO] Silver Forecast 2021: $50/ounce, Says Saxo Bank
Do you remember what happened in 2011 with silver? It rallied up to almost $50 before collapsing. It hit a lowof $12/ounce earlier this year. Back then, what drove silver higher was a weaker dollar, was very strong demand for industrial metals out of China, following the rebuilding after the global financial crisis of 2008, and it was a massive amount of stimulus coming from central banks around the world. Fast forward almost 10 years, and in 2021 we are going to see a repeat of this.
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Commentary
The Trap of Central Bank Digital Currencies
So why are central banks talking more and more about launching their digital currencies? Let's clarify what this is all about: the digital euro already exists, it has been circulating in banks and on our bank cards for a long time, and bills only occupy a marginal share in value, but are more common in terms of number of transactions. This digital euro that we are familiar with circulates in commercial banks, the ones that individuals and businesses use. This new digital euro would be managed directly by the central bank, thanks to a recent invention, the blockchain, a decentralized computerized register created for the first time for Bitcoin, but which would be a private blockchain here, not open to the public, as only the central bank could track transactions. This is known as central bank digital currencies (CBDC).
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Commentary
How Can Gold Miners Commit to “Net Zero” Environmental Policies?
John Milligan, Director of the World Gold Council, write: In my recent discussions leading up to the publication of our new research report, Gold and climate change: the energy transition, a journalist commented that he had once covered the gold sector and, in those years, any reference to climate change was likely to be immediately dismissed by industry leaders. “So, what’s changed?” he asked. I was tempted to answer “everything,” but instead – perhaps, more accurately – replied, “a lot”. Certainly, the wider investment – and associated policy - landscape has been transformed beyond recognition over the last decade, and particularly over the last few years. Corporate purpose and performance are now being…
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Price
Keep Eye on Gold in First Quarter of 2021—Yellow Metal Might Move Sharply Higher
[VIDEO]: Jeffrey Christian, managing partner at CPM Group, joins BNN Bloomberg to provide his outlook for the price of gold as it tries to regain traction. He says that gold could move "sharply higher" in the first quarter of 2021 because he expects global conditions to be more hostile.

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Economy
Expect Inflation in 2021 – What Does This Mean for You?
The United States hasn’t seen significant inflation in almost 40 years. That may change soon, thanks to a massive federal deficit, pent-up demand when quarantine restrictions are released and a shift in Federal Reserve monetary policy. Last last week, Bill Dudley, the former president of the Federal Reserve Bank of New York, made waves with his column, “Five Reasons to Worry About Faster U.S. Inflation,” for Bloomberg. On Monday, however, two of the publication’s economic reporters called 2021 inflation a “mirage.”
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Stock Market
LAWRIE WILLIAMS: Gold May Not Be Performing But Gold Stocks Still Excellent Growth Prospect
Gold and silver prices have been caught in a coronavirus vaccine induced malaise. In our view the anticipation that the likely availability of several effective vaccines will bring a rapid end to the economic downturn that has resulted from moves to combat the pandemic spread is both premature and ill-judged. Despite the Pfizer vaccine already being utilised in the UK and being launched in the U.S. within the next few days, as well as other vaccines from Moderna and Astra Zeneca likely to be approved shortly, not to mention other locally-produced vaccines already being administered in China and Russia, the pandemic spread is still a long way from being conquered. Indeed, the infection spread is likely to get worse before it gets better with the Thanksgiving, Christmas, Hannukah and New Year celebrations and easing of restrictions likely to generate further infection spikes. It may well not be until…
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Thanks,
Gold Silver Central

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