A Year Like No Other For Precious Metals… and Everything Else
Stefan Gleason | Dec 31, 2020 03:27PM ET
By Mike Gleason
Well, it’s been a year like no other in so many ways. “Unprecedented” is an often-overused term. But there truly is no precedent for much of what transpired in public health, politics, the monetary system, the economy, and markets.
More than 300,000 Americans reportedly lost their lives while infected with COVID-19. Less widely publicized was a spike in deaths of despair due to lockdowns and related social ills that drove all too many into depression and drug addiction. Or the deaths that were caused, or will be caused, by Americans putting off or avoiding doctor’s visits.
America’s cities burned while the mainstream media egged on anti-police protests. In their aftermath, record surges in murders and other violent crimes followed across the country.
And irreplaceable historical monuments, some of which had stood for more than a century, came down one after the other. First they came for Robert E. Lee, then they came for Francis Scott Key, Christopher Columbus, Thomas Jefferson, and even Abraham Lincoln.
Amid all the suffering and turmoil, Wall Street celebrated new record highs in stocks. An unprecedented tsunami of liquidity generated by the Federal Reserve pushed asset prices higher across the board.
In late July, gold ascended to new all-time highs in nominal terms. Even the Wall Street-centric financial media had to stand up and take note
, a national precious metals dealer with over 50,000 customers. Gleason is a hard money advocate and a strong proponent of personal liberty, limited government and the Austrian School of Economics. A graduate of the University of Florida, Gleason has extensive experience in management, sales and logistics as well as precious metals investing. He also puts his longtime broadcasting background to good use, hosting a weekly precious metals podcast since 2011, a program listened to by tens of thousands each week.
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