Source: Foundation for Economic Education
by Jake Scott
“Since the end of January and into the beginning of February this year, the prices of gold and silver have fluctuated drastically. So much so that there is a good chance the price will have changed before I finish writing this article, never mind before it is published. Even so, this has not stopped various diagnoses of gold and silver as more stable, less stable, worth investing in, avoiding at all costs … The volatility that gold and silver have seen in the opening weeks of 2026 both mask and reveal a long-term trend in their increased valuation: it masks the fact that both are significantly more sought-after than they were a year ago, yet it reveals that the strategy of precious metals as a backstop against global instability is not immune to market hysteria.” (02/10/26)