Silver possibly up to $144 in the next 4 months
Current spot price is $46.66. Already up 44 cents in the aftermarket trading.
https://www.jmbullion.com/charts/silver-prices/
Gold has increased in price by $680 over the last 6 months as well. Sitting at $3801 an ounce.
Silver increasing to $144 and ounce would be over a 200% increase from today's spot price. A 200% increase in gold price over the 4 months would put it at $11,390.
Gives new meaning to the Trump term, "Golden age"
President Trump's executive order allowing people to invest their 401k into precious metals starts in February. This could possibly send the metals markets to the moon.
People pulling money out of the stock market to reinvest in precious metals, the stock market could possibly tank. If this happens, it would be a perfect opportunity for Trump to make his move to end the Federal Reserve's control over our monetary system. Refusing to lower interest rates, uncontrolled debt, crashing stock market. Trump will argue the Fed Reserve has failed to live up to its promise to protect our financial system from volatility, which was the Fed Reserves stated function.
More than likely. It’s got more utility in manufacturing. Which would make it more desirable. Though I’d expect prices of both to skyrocket
Right now silver / gold index is 80/1.
Takes 80 ounces of silver to buy 1 ounce of gold.
When it is mined from the ground it is at an 8 to 1 ratio.
You get 8 ounces of silver and 1 ounce of gold when they are refining it.
It is at 80 to 1 today because hedge funds have been shorting silver. Dumping large volumes on market, price drops and they buy back afterwards. They then sell when the price gets high and make a profit. Sucking the wealth out of the silver market.
If we expect the price to go back to 8 to 1 index, silver has a long way to travel which makes it a better buying opportunity, you can buy it cheap right now but that will soon change. If you look at the US Debt Clock secret window you will see "variable asset leveling index".
This will be a tool to detect and deter market and commodity manipulation.
https://www.usdebtclock.org