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News Link • Precious Metals

Precious Metals -- 2013 Year in Review

•, by Steven Cochran
 Gold and silver ended the year about where they ended 2010, while platinum was down only slightly from 2012. Palladium was the big performer, doing even better in 2013 than last year, but not as well as the all-time high reached in 2011.

Central bank money printing didn't ignite hyperinflation in 2013, as many feared. This was mostly because the banks that were receiving these funds kept them to themselves, instead of lending them out. Sine the money didn't circulate as intended, inflation was kept in check. The central banks had hoped that the Big Banks would lend money to businesses, and restart the economy. But the banks found someplace they could make more money than by making loans in a time of abnormally low interest rates: the stock market. The Fed kept interest rates artificially low for the fifth year, and companies used low interest loans to buy back shares and boost their stock price.This also had traders dump shares of precious metals ETFs and jump with both feet into stocks.

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