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.
Silver has been underperforming for my entire adult life.
I allocate a bit to it but it's never delivered a windfall for me, and I don't really expect it to until the day the commodities exchanges get wound down for some reason.
lol, yeah. "experts" have been predicting Silver to go to the moon for decades.
based on the gold to silver ratio.
I use silver as a store of value, by getting out of fiat currency. Fiat goes down in value, silver goes up. But it's not a get rich quick thing. Lot's of "experts' tout it like that.
I wonder how much of that has to do with the fact that there is virtually no traditional film these days.
I remember my father getting really upset in the 2000s when it became evident that traditional film was going to forever be eclipsed by digital photos and film. That was one of the main uses of silver other than jewelry and other decorative use, silver halides in the film and paper.
He had a lot of money invested in silver and I think he lost out on a lot of opportunity because he was waiting for it to smooth over.
I think that the boom in solar and batteries and other tech stuff has pushed it up a bit farther in the past decade or so.
I could be wrong, though. Just something I remember reading here and there on the issue.