Gold and silver have been hot topics of debate since the 2008 financial crisis. As with all things, when there is an imbalance, nature seeks an equilibrium. Gold and silver have been that equilibrium since the beginning of time.
If you ask most Austrian economists or Gold Bugs where the price of precious metals are going they may say, “Gold around $5,000-$10,000, and Silver $600-$1,000.”
I agree with them that we will likely see those prices. The trick is figuring out when, and not holding precious metals while other assets have a better percentage gain.
I have yet to see ANY asset make a move like Gold did between 2000-2012, and not return to at least the Fibonacci .618 line. What does that mean? I am expecting to see a Gold price under $1,000 before we see a Gold price in the $5,000-$10,000 range.
What does that mean for Silver? My target to be buying Silver is the blue box between $9-$11. I think we see that price before we see $600-$1,000. Despite all the geopolitical and financial turmoil that is LOOMING (ie. Not happening and keeping our focus there if we choose rather than building our own future), I am still not doom and gloom enough to be scared or run around crying out for folks to buy Gold and Silver. I do think it is a wise investment. Personally, I am waiting for a better price.
