07/03/2024
Global uncertainty is on the rise right now. The first round of French elections has former political opponents scrambling to try to stop the surge of the far-right party going into the second round of elections. United Kingdom elections are tomorrow which are expected to result in a political and economic disaster for that country (worse than is already happening).
Perhaps the most significant political development is that Democrat governors are having an emergency meeting, looks like today, which is getting very little media coverage. Almost certainly the subject will be a possible disaster looming in the November elections all the way down the ballot.
Prices of precious metals are up significantly today, thought right now they are below their highs. As of a couple minutes ago, here were the bid and ask spot prices at which Liberty Coin Service was buying and selling physical precious metals:
Gold: bid spot price $2,357.00/ ask spot price $2,360.00
Silver: $30.49/$30.57
Platinum: $996.00/$1,008.00
Palladium: $1,012.00/$1,037.00
Palladium today is at its highest in weeks. This could be partly a reflection of the decline in electric vehicle sales. Electric vehicles don't need catalytic converters, which means lower future demand for palladium. Should fewer electric vehicle sales occur, that means more palladium would be needed by the automotive industry for catalytic converters in internal combustion gas vehicles.
