Silver Bullion To $50/oz and When to Sell Gold or Silver? Video

Source: https://news.goldcore.com/silver-bullion-to-50-oz-and-when-to-sell-gold-or-silver/
Published: Feb 19, 2020
Author: Mark O'Byrne
Post Date: 2020-02-19 12:53:46 by Horse
Views: 290

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

Share buybacks off to worst start in 7 years

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#1: Pinguinite    To: Horse (#0)

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.

Pinguinite posted on 2020-02-19 14:27:15   Reply   Private Reply


#2: hondo68    To: Pinguinite (#1)

It's been said that forthcoming FED meeting is making the market nervous.

On the other hand, it's about time for the forever QE Whtever bubble to burst.

Nothing to do with any virus, except the FED parasitic plague.

hondo68 posted on 2020-02-19 15:09:56   Reply   Private Reply


#3: BTP Holdings    To: Pinguinite (#1)

The USD is gaining value as a safe haven asset class.

I find that amazing since the FED is now buying up the short term notes China and Brazil are dumping into the secondary markets. ;)

BTP Holdings posted on 2020-02-19 17:23:52   Reply   Private Reply


#4: Lod    To: Horse (#0)

Seems like a reason to trade for more metals.

Lod posted on 2020-02-19 19:12:32   Reply   Private Reply


#5: Pinguinite    To: BTP Holdings (#3)

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.

Pinguinite posted on 2020-02-20 00:15:59   Reply   Private Reply