The Federal Reserve has made it clear that they aren't raising rates anytime soon. With all the stimulus the central bank and the Federal government has issued, investors should expect to see inflation rise. With that in mind, it could make sense to add the Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) to your portfolio.
- The Fed is not even thinking about thinking about ending fueling inflationary pressures
- Palladium rose to a new record higher last week
- Platinum broke out above a technical resistance level earlier this year
- Gold and silver are consolidating, but trends remain bullish
- GLTR has substantial growth potential in an inflationary environment
In the aftermath of the 2008 global financial crisis, the Fed and other world central banks slashed interest rates to historically low levels. They rolled out quantitative easing to pushed rates lower further out along the yield curve. The price tag was a rise in many commodity prices to multi-year or all-time highs by 2011 and 2012.
The central banks used the same tools in 2020 as the global pandemic threatened stability in the worldwide financial system. The only difference has been that in 2020, the amounts were far higher than in 2008.