Gold and Silver Could See Unprecedented Price Rises in the next 5 years
Silver is set to rise in the next 5 years dramatically due to supply and demand factors, which sees a strong industrial need for mankind to innovate towards a more green economy. While gold and silver seem to be stuck in a trading range, copper and other metals have gone up significantly lately, but lack of manipulation in the more industrial metals could account for this, according to KitCo.
Silver supply has faced multiple deficits in recent years, thus making it a bit strange that the price has not already risen, but readers of our blog already know the recent for this. As for gold, according to Jim Rickards, the amount of toxic debt laden paper currency floating around the globe demonstrates in theory that gold price is severely undervalued and could be the great equalizer in resetting the global monetary system.
Gold Mining Production Tough Times Could Be Over
A lack of demand in gold mining and silver mining was experienced in recent times but now mining stocks are picking up again, which reflects the possibility of what Ron Paul said when he stated a gold bull market is just around the corner.
Additionally, huge consumers of silver like Samsung, Toyota, and other technology giants are going to need more silver in the coming years. All the good news for gold and silver means owning the best gold IRA is advantageous indeed for the average retail investor.