Biggest reason for precious metal surges is simple. The USA is in debt over 39T$. To most, its a number, but remember what happened in Zimbabwe, all Mugabes fault. But also Weimar Germany, post WW1 Austria-Hungary, caused by reparations forced upon Central Powers. We all know how that ended....WW2. Now, wisedom has set in, the world has lost faith in FIAT paper money, BITCOIN, and are returning to the only real money/ precious metals. Germany, China are buying up gold, silver, platinum, while Putin is selling his to finance his crazy war. Meanwhile US is going ever deeper into the debt abyss.
Ran across recent articles about the US's top export is GOLD. https://www.forbes.com/sites/kenrob...-top-us-export-an-unprecedented-second-month/ or https://www.idnfinancials.com/news/60952/gold-tops-us-exports-as-dollar-falls excerpt: Forbes analyst Ken Roberts described the trend as “not good news”. The surge in gold shipments out of the US, he said, does not reflect industrial productivity but instead signals rising demand for safe‑haven assets amid uncertainty (of US policies).