Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!
Sunday, November 8, 2015
5 Year Silver Price Forecast – What do the ‘experts’ say?
Today is Sunday 8th November 2015 and we are going to briefly discuss silver price predictions for the next 5 years. Many of our listeners know that long term we are bullish on gold and silver. They also know that when we discuss these commodities, we are taking a 10+ year view on gold and a 20+ year view on silver, though obviously this does not mean we do not see prices rising before then, but that we are warning, do not seriously place large amounts of capital into these commodities unless you can wait that period of time without having to sell them. Naturally, we are speaking about purchasers of the physical as opposed to paper contracts which behave and trade on very short time periods. Now many gold and silver bulls believe that both gold and silver are going to rise very soon and very dramatically. However, short of a most serious International crisis, few of the mainstream experts support this view. Let’s look at silver and those who are quite bullish: Gary Christenson of the deviant investor.com predicts that by 2020 silver is priced at $35 - $50 Christopher Aaron of the Silver-phoenix500.com forecasts $50 per oz Consensus economics.com foresees prices around the $21 level Now those who perhaps are more mainstream and less bullish: The EIU - The Economist Intelligence Unit – forecasts $18.80 for 2020 The World Bank - $16.40 The Economy Forecast Agency and independent organisation predict an average of between $9.50 and $11.50 for 2020. Our view, generally falls in line with the Silver Institute when they pronounced last year, that based on current silver demand and supply conditions, they could not see silver rising above the $20 level for a number of years yet. We believe that silver will rise to $20 as peak supply will have been reached by 2018 and then a squeeze will evolve, however, should world economic conditions deteriorate further then this will restrict silver’s price rise and should they improve then this will aid its price.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Posted by Gordon Silverstein