RE: Which Metal will Lead the Surge, Gold or Silver?
I like this question a lot, because it really is prevalent. Gold has been the standard for precious metals forever, and generally when Gold moves everything moves. This time, however, I have to go with Silver. Silver will be in shortage (China is stockpiling silver to take on an ambitious cloud seeding project dropping snow over millions of acres) and the price could skyrocket. Easy, skyrocketing silver is talking $5/gram. That would be a 1000% increase, though.
Gold is probably going to ride the wave, but there are some big issues hitting Gold right now. The trade war between the U.S. and China has seen the institution of two new cryptos:
*Yuan-Oil Future
*Petro
Gold is not a currency as per 1972 law, but it's the number one currency used to purchase oil. Crypto itself has made major moves in the way money is transferred internationally, but these two new cryptos strike at the heart of everything Gold stands for.
I don't think crypto is going to kill Gold, but it has done a number on Palladium. Gold has more uses than Palladium, so a 10,000% drop isn't likely, but Gold isn't going to grow to the heights of June 2002. Crypto is why.
Silver, or any other precious metal having a run, will bring Gold along for the ride, but were talking maybe worth $100/gram at best. The best thing about Silver is the price and the percentage of change in value when it's just one penny. That's why I love penny stocks and ICOs. Growth
Image Source: Pixabay
Thanks for the great reply, I pretty well agree with everything you have said. I think the gold market is quite small compared to all the assets on the opposite side and when the market panics there aren't many places this mountain of money can hide. just to add to that the central banks will probably gobble up a very large piece of this very small pie, so I think gold will go up in multiples as well. Cheers.
You're going to go nuts when you stumble upon my Pocket Change Theory... Many of your points fit in very nicely with what I think is heading our way...