World Money Supplies Doubled In 3 Years

"I agree with the author who suggests commodity speculation to be one effect of this oversupply."

I think low interest rates, specifically negative real interest rates, are the primary driver of speculation.

When the interest paid on cash deposits can't keep up with the rate of inflation, investors, citizens, and institutions are forced to speculate just to preserve wealth.

Think about all those people who saved money through out their lives thinking they were going live off the interest. Now they're forced to take the money and speculate in order to get a return, or put their money into a fund and have the fund manager speculate for them.

Zero interest rates are a trap. Once you go down that path there's no turning back.

For me, the purchase of precious metals is not speculation. I do not need to speculate to know that silver and gold have intrinsic value. Silver and gold are money.

On the other hand, keeping any piece of paper printed at the whims of political elite and hoping it does not lose value is, in my opinion, speculation.

sel_69l:"Governments around the World are all anxious the keep their economies functioning."

In other words, they've kicked the can down the road. I would say that most developed economies have been functioning on an unsustainable economic model.

It's like that saying; it's a little now, or a lot later. The Western World has chosen the latter.