Kenneth Ameduri, Crush the Street, continue our conversation and take a deep dive into the gold and silver market and present a case for protecting wealth with these historically sound metals. As most of you know precious metals have protected and / or been wealth for 6,000 years. Does that mean anything in today’s world? As someone who looks at norms, history and data I would rather place my bet on an item that has 6,000 years of history rather than betting on an item that emerged on Halloween in 2008.
With all the excitement surrounding the metals for the past 2-3 months it seemed like a good time to speak with someone who is just as passionate about this sector as myself.
This was recorded on Tuesday Sept. 10, 2019 when the metals were both struggling to maintain there current position. Both metals had come down from their loftier heights they had attained the previous week. The metals, according to some, were both “over-bought”, whatever that means, and were due for a slight correction. For what ever reason, the metals were due for a break, personally, I would bet on profit taking, but at the end of the day it doesn’t matter. The metals retreated and are now stabilizing in the neighborhood of $1,500 for gold and $18.00 for silver.
Below are live charts courtesy of KitCo. While these are not true price points for the metals these charts are widely accepted by the community.
Static charts below are courtesy of GoldPrice.org and SilverPrice.org respectively.
The “markets” are trading as they should at this point, but we are confident there will be another reason, just around the corner, that will motivate the metals enough to continue their northward track. We are holding tight to what we have been saying since December 2017.
Kenneth is a big precious metals miners enthusiasts and keeps close tabs on a handful of companies. These companies are performed well over the years and made him substantial profits. We discuss what is happening right now with the miners and Kenneth shares his ideas about researching some of these companies. He has produced a report to help people begin the process of researching for themselves – download the Free report here.
It is no secret that I have been all about the metals since I began my research and reporting in 2009 and jumped into the metals markets, feet first, in 2010 with a sizable acquisition. I don’t really see things changing for me anytime soon. Well, maybe acquiring more would be about the only changes I see coming in the near future.
