How do we achieve this “next leg up”? Are we not seeing signs already?
I’m not sure that moving 1,800 additional tons of physical gold over the
next 3-5 years is possible. One of the best ways to create movement in the
physical gold market is for the exchange rate (price) to be much higher. The
mining supply, as we have documented over the past 3-4 years, is on very
unstable ground and the volume of precious metals coming out of the ground
doesn’t look to improve any time soon. If the world needs an additional
300-400 tons of gold annually over the next few years we will definitely
being seeing much higher gold.
We have been saying for the past year that gold and especially silver are
on the threshold of moving much higher. We are on record as stating that we
believe gold will move higher than the old annual average high of $1,760+/-
and once this number is breached gold will never look back.
We are on record as stating that silver will move back into the $30’s and
possibly even into the low/mid $40’s and once silver stabilizes in the $30’s
it, too, will never move back into the $20’s except for, possibly, short
periods.
Since we are not financial advisors and never, ever offer financial advice
and only speak about what we are doing. We are adding to our physical metals
position and will continue adding physical through this year. We are very
interested in some of the high quality mining stocks that we have show cased
over the years and will be moving into some of these over the course of the
second half of 2018. For us, we now this as the time to make a serious move
and begin taking some risk that have been presented over the past two years.
David and guest add serious fuel to the fire of reasons to either add to
your stack or get busy creating one. The very guest explains in no uncertain
terms that he feels, as we do, that gold is set up for a major move. He
states very clearly:
I am Chairman of the World Gold Council right now and one of our biggest
initiatives is to penetrate pension funds, endowment funds and sovereign
wealth funds because they own almost no gold. What you’ve had is most the
ETF’s is held by hedgers and we don’t have the long term gold holders from
these institution markets.
****
We should have at least a half percent in these funds and if you just do
the math, if you just took half-a-percent…we already learned from the GLD
that for every 300 tons of gold it’s worth $100 on the gold price. A
half-a-percent move into these funds would move the gold price by $500-$600.
Mr. Morgan is asking – Does Your Pension Have Enough Gold.
I would answer that question in two ways. The first, very simply, – No. The
second would be to ask what type of future events will impact our world, our
lives and the monetary system? If someone can answer that question then that
person would know exactly how much gold to have on hand for both the “greed”
trade and the “fear” trade. Otherwise, I do not know the answer to any of
these questions, therefore, my pension does not have enough gold – ever.
The guest, which present a wide variety of views and very deep pool of
knowledge, that David Morgan speaks with during this educational program is
one of the best I’ve heard in some time.
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