The most likely scenario for the remainder of 2021 is one where gold and silver continue to offer meaningful and necessary hedges, along with the distinct possibility of record-high prices.
Since gold and silver are money, it’s important to view them as such, and not as “investments”. Yes, we’re convinced we’ll make a profit on them, but the deeper purpose lies in their monetary value.
As we move into the second half of 2020, gold is increasingly likely to serve as an effective and necessary hedge, particularly in light of the Fed’s dovish stance, ongoing geopolitical conflicts, and the risks associated with the recession, stock market volatility, and US election.
There are a few times in an investor’s life where, as Jim Rogers once put it, you see a pile of money sitting in a corner and you can go pick it up.
It came almost out of nowhere, a black swan event that engulfed the world. As everyone from citizens to governments scrambled to deal with COVID-19, the gold industry was impacted in unprecedented ways as well.
One of the articles that elicited a lot of reader feedback was our report on the ratios for gold and silver to real estate. That was over a year ago, and with gold and silver prices rising, it’s time for an update.
By Jeff Clark, Senior Analyst, GoldSilver and Adviser for Strategic Wealth Preservation. If you didn’t catch it, gold has passed the S&P 500 in year-to-date performance. Through August 12, gold is up 18.1%, while the S&P has risen 13.8%. Silver is nipping its heels, now up 10.2% YTD. But what is perhaps more significant is…
Gold and silver prices continue to push higher. They’re starting to get some attention from the mainstream, too.
If you haven’t noticed, silver’s on the move. The price reached a new 52-week high yesterday. And the gold/silver ratio—an indicator many analysts, including me, track to determine if one or the other metal is lagging its historical performance—has fallen 8% over the past eight trading days.
This brief report will highlight what’s taken place with precious metals this past quarter and year-to-date, along with how they compared to other assets. We’ll also briefly look at what potential catalysts lie ahead.