Peter recently joined Kitco’s Jeremy Szafron to discuss why Fed rate cuts are unlikely to deliver hoped-for relief and may instead accelerate the dollar’s decline. He ties the problem to ballooning deficits, a fragile banking system, and the history of the Federal Reserve, and he closes by pointing out why silver remains undervalued relative to gold. He warns that rate cuts intended to prop up the economy will have the opposite effect on long-term yields and the dollar: The War on Ca...
