(Kitco 4/23) B of A now predicts Silver to $20. in 12 months..
RonB
Posts: 636 ✭✭✭✭✭
Collector of Classic US Coins
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RonB
Posts: 636 ✭✭✭✭✭
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BoA seems to have caught the precious metals bug. Silver @ $20+ in 12 months. Gold @ $3,000 in 18 months.
What do they know?
I knew it would happen.
I would have hoped for a substantially higher target than 20. It was higher than that 4 years ago.
Knowledge is the enemy of fear
BoA is talking spot prices. I deal in the real world.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That's all?
Yes, that would put physical trading at well over $25.
That's up 31%. A realistic target for one year.
Everyone is predicting....no real evidence, so I consider it mainly hype and hope...each predictor hopes their prediction will come true so they can hype their reputation....Meanwhile, I will sit comfortably and watch the circus. Cheers, RickO
Several precious metals "experts" are in a consistent camp that AU will first fall between 1,400 and 1,500 as the safe haven aspect erodes - then AU can climb back towards 2k. Very few will discuss the intermediate steps they expect. As far as physical goes, premiums will always reflect what keeps buyers buying. Right now buyers are not thinking in terms of premiums, they are out offering one another without concern about exit strategy. This is possible of course because most people that stack see it as wealth preservation, they are not investing in the traditional sense.
Hmmpft I been hearing $20 silver for to long now. Jmo
I wouldn't buy either gold or silver.