Ron DeSantis on Metal Valuation Surge
Ron DeSantis blames the Federal Reserve for the surge in gold and silver value, 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,"
Recently, gold reached a record price of over $4,200 an ounce, while silver topped $53 an ounce. DeSantis believes that commodities like gold and silver offer independence from devalued fiat currency.
He noted that these commodities are likely to hold their value compared to fiat currency, which is being devalued by the federal government's borrowing and spending habits.
DeSantis has signed legislation making gold and silver legal tender, further emphasizing his stance on the importance of these commodities.
Author's summary: DeSantis blames the Fed for metal surge.
- Gold price: over $4,200 an ounce
- Silver price: over $53 an ounce