Recently I have been hearing more from the gold community about premiums and shortages on gold coins as well as silver inventories falling. This is being argued as a reason why price needs to move higher. It’s not a new argument, as we have seen premiums spike and inventories falls many times in the past. Jeff Christian does a good job of outlining why these are not factors that drive sustainable price moves.

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After providing a brief update on gold and silver prices, CPM Group’s Jeffrey Christian discusses why high inflation and high interest rates have caused gold and silver prices to decline. He also discusses the fact that declining silver market inventories do not cause silver prices to rise.

Click here to visit the CPM Group’s website to follow along with Jeff’s market comments.