Goldbug Governor: Ron DeSantis Blames Fed for Metal Valuation Surge
Ron DeSantis isn't surprised by the surge in gold and silver values, and he's blaming the Federal Reserve.
"The trajectory of gold (and silver) = investors lack confidence in fiat currencies. An indictment of the Fed,"
DeSantis posted on social media. Gold reached a record price of over $4,200 an ounce, while silver topped $53 an ounce. DeSantis, who signed legislation making gold and silver legal tender, believes commodities offer independence from devalued fiat currency.
- Gold topped $4,200 an ounce, a new record price.
- Silver topped $53 an ounce, but has since decreased slightly.
According to DeSantis, commodities like gold and silver are likely to hold their value compared to fiat currency, which is being devalued by the federal government's "borrowing and spending" habits.
Author's summary: DeSantis blames the Fed for the surge in gold and silver values.
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