Macro theme: gold and silver (miners)

As you know from my article on the united states situation, the printer is on (money supply is increasing). This is causing inflation. Gold and silver increase during inflationary times because they are seen as store of value assets. They are a good way of maintaining purchasing power.

This might be difficult to understand, but the Fed (central bank of America) has indicated that it will accept inflation to be higher by signaling rate cuts (if you want to learn about this: read: Ray Dalio, big debt crises). So inflation will most likely hold high. Here is what that will do with commodities (such as silver and gold).

This is general knowledge now and gold and silver have already increased a lot. But there is still opportunity on the market, by going one level deeper into the value chain: the miners of gold and silver, area still cheap.

At these gold and silver prices, the miners are very profitable. This is at the moment (August 2025) not yet fully priced into these assets, in my opinion. Take a look at these below charts

Gold miners are now historically very cheap

Also silver miners

You can see in these charts, that this is a huge long-term macro trend unfolding. I take positions in gold and silver miners to profit from this trend. Credits to Tavi Costa for this idea and the charts above.