Ron DeSantis on Gold and Silver Surge
Ron DeSantis attributes the surge in gold and silver value to the Federal Reserve, stating that it indicates a lack of confidence in fiat currencies.
"The trajectory of gold (and silver) = investors lack confidence in fiat currencies. An indictment of the Fed,"
Gold reached a record price of over $4,200 an ounce, while silver topped $53 an ounce. DeSantis, who signed legislation making gold and silver legal tender, believes commodities offer independence from devalued fiat currency.
- Gold topped $4,200 an ounce, a new record price.
- Silver topped $53 an ounce, but slightly decreased at the time of writing.
DeSantis remarked that commodities like gold and silver are likely to hold their value compared to fiat currency, which is being devalued by excessive borrowing and spending.
Author's summary: DeSantis blames the Fed for the gold and silver surge.