Silver bullion is set to outperform gold, other precious metals and the vastly over valued risk assets of stocks and bonds in the coming years
◆ The record nominal high of $50 in 1980 and in 2012 will almost certainly be seen in the next two years
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◆ Silver rose 15.5% in 2019 to close just below $18/oz in 2019; a 50% gain in 2020 would take us to $27/oz and an 80% gain the following year would take us to $48.60/oz
◆ Same way you dollar, pound, euro etc cost average to acquire your silver bullion holdings; you should dollar cost average your reduction in allocations in the coming years
◆ It may be prudent to sell some of your holdings at around $48/oz, some at around $90/oz, at around $135/oz etc.
◆ This only applies to those many silver bullion buyers who are overweight and have a large allocation to silver – say over 10% or 20%
◆ Investors with small allocations of closer to 5% should only sell a small amount if the price goes parabolic or if they need the cash in a crisis for day to day expenses or needs
◆All investors should have a core financial insurance allocation to gold and silver coins and bars; Avoid digital gold, platform gold, gold tokens and crypto gold
◆ Popular and liquid bullion formats should be taken possession of and also stored in liquid, secure storage in their own country and at least one other safe jurisdiction
◆ Zurich remains the most liquid and safest places in the world to own gold and silver coins and bars
NEWS and COMMENTARY
Gold holds above $1,600 on fears over economic impact of virus
Gold tops $1,600 for first time since 2013
Why gold prices topped $1,600 and may soon hit a more than 7-year high
The forex markets are having epileptic seizures lately. The Euro has lost value at a fast pace, and today the Japanese Yes is losing a lot of value. The USD is gaining value as a safe haven asset class.
Crytpo is up over the last several weeks as well, with BTC just over the 10k mark right now. This is all due to the virus.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
I find that amazing since the FED is now buying up the short term notes China and Brazil are dumping into the secondary markets. ;)
The USD has been a traditional safe haven currency, though that is compared to other fiats like the Euro, yen, Australian dollar, Canadian dollar and so on. When it looks like the world economy has a good forecast, investors go for those other currencies. When it looks like a recession or slowdown is coming, they flock to the USD.
Crypto is up right and I think that's because it's viewed as even safer than the USD, as is gold and silver. So the USD as "safe" is a relative term.
