This video is a follow on from the previous video dealing with silver. If you haven’t seen that video, I would recommend you doing so before watching this one.
In my opinion, and in the opinion of a good number of other people, silver is the most undervalued asset on the planet.
I’m hesitant to make predictions, in part because timings are always tricky. So, I’m not saying specifically when this will happen, but … I think that silver could well take off sometime fairly soon.
While we’re on the topic of predictions, I might as well make a price prediction.
Ordinarily I would be wary about making valuations - especially in an inflationary environment.
but … this is what I believe, so why not.
I think that silver will achieve parity with gold and then go even further. Gold stands at about $1,900 per ounce at present. So, I expect the price of silver in Dollar terms to go from its current price of $25 to $1,900 per ounce. And then go beyond that – somewhere possibly between $2000 and $3000 per ounce. I believe that the fundamentals are in place for it to make such a move. The conditions for launch are “A ok”.
I should say that this is assuming “ceteris paribus” – meaning all other considerations being equal – with regard to the value of the Dollar at the present moment in time.
We must bear in mind that, when we are in an inflationary environment at present. And we will go from an inflationary environment and into hyperinflationary environment sometime in the futue. Then the price of all products will increase markedly and then the price of everything will at some point become utterly meaningless.
In Economics, when it comes to value, relativity is an important concept. Everything is relative. Value is ascribed in relation to something else.
So, in this instance, I’m not talking about the price increasing because the value of the dollar has decreased. I’m talking about silver increasing in value in real terms.
At this juncture, I want to make it absolutely clear, that what I have said here does not amount to financial advice. I’m expressing opinions in respect of what I have come to learn over the years. Please don’t base anything you chose to do on what I’ve said without having done your own research and without having considered things very carefully. Don’t just take my word for it. Do your own due diligence.
I could, off course, be completely wrong, but we shall see. Time will tell - either proving me correct, or not.
Anyway, as far as I can see, there are three possible scenarios :-
1. The situation stays the same – the manipulation is maintained. The big Bullion Banks continue to flood the synthetic market with short selling, thereby suppressing price.
2. The manipulation ends. The Basel III initiative makes it impossible for the Bullion Banks to continue to flood the synthetic market, thereby suppressing price. It would seem that the big Bullion Banks have been easing out of their short positions in recent months in order to
