If you have some cash set aside for market sell-offs, Where might the better value be? Versus the S&P, gold perhaps might have never been cheaper. Same for Silver. When the paper markets collapse, what will be the value of anything? At least with physical PMs, an ounce of gold will always be an ounce of gold.
Gold and silver prices have always bottomed when the Fed has high interest rates. Now that the Fed has announced that rates will be rising, this will curb the chances of a trendline reversal. What if the economy is worse than expected and the Fed moves up their timeline for rate hikes again? Or implements larger rate hikes? I don't think we've seen the bottom of the precious metals market just yet.
BlkGold
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@AlexT, Completely 100% backwards! Interest rates are currently at a historical low point relatively speaking and will eventually turn up. As risk of inflation increases, gold will increase in value. We are a LONG way in this cycle from the peak in inflation and peak in interest rates.