Inflation soars again, gold and silver move higher

The July inflation report was released this morning, and despite the Federal Reserve’s recent interest rate hikes, the number still came in at 9.1%!

This is the highest CPI figure since November of 1981 and is likely even higher than that number when you factor in the adjustments to the CPI formula that have been made since then.

Yet it leaves the Fed in that same difficult position, where it has to raise interest rates to have any chance of keeping the currency from losing its value. Yet, the higher rates continue to pressure the underlying economy.

But to find out more, as well as the latest developments in the silver and gold markets, click to watch the video now!