Mar 6, 2020
Demand for gold is sky rocketing and much of it is due to interest rates. The 10 year is yielding less than one percent, the lowest in history. Real rates are negative. As long as this trend continues the demand for gold will stay strong. Silver is lagging but demand is going to take off shortly. Substitution of silver for gold is already starting. Not to mention the silver to gold ration is closing in on 100, a level not seen in decades. Manipulation is still alive and well, just look at the Comex Silver futures. The question is how high will it go. What is the right price in dollars? Craig defers, especially since we have no idea how many ounces have been leveraged and therefore cannot determine a price. Clearly with global asset allocation to the precious metal sector at just 1 percent, any increase will be chasing a finite amount of metals and then the fun will begin. Click here to get Craig's 2020 forecast...