Silver Dollar Values Prices Skyrocketing 400 Per Cent In 3 Years!
The silver Bull Run will carry on; so states investment specialist Ian Williams of Charteris Treasury. Silver will increase in worth 5 times over the next 3 years, according to mixed asset fund manager Ian Williams.
"Silver is going to enter a sustained bull marketplace that will take the price from the current level of $32 an ounce to $165 an oz and we anticipate this price to be strike at the finish of Oct 2015," he predicted. "This forecast is based completely utilizing specialized & cyclical analysis and is in keeping with the mathematical form displayed so far in the bull operate that has taken Silver from $8 an oz in 2008 to its current price of $32 an ounce - having hit $50 an ounce in 2011."
Williams said that the silver price was more volatile than gold, but that he expected silver to continue to dramatically outperform gold.
The Charteris supervisor said that macro fundamentals were supportive for the silver price, such as the re-election of President Obama, who supports Ben Bernanke's policy of quantitative easing.
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Darius McDermott of Chelsea Financial Services agreed that QE means good news for precious metals. "Strong demand for precious metals will remain as long as we have QE, which do well with each round of money printing. QE is bound to lead to inflation at some point and at that time, real assets will do best," he said. "Investing in a fund that holds a range of precious metals gives you positive diversification and less reliance on just gold."
Gold demand is still powerful. The SPDR Gold Trust holdings grew to 1,339.616 tonnes by Nov. 15, just a tad off the record high of $1,340.521 tonnes strike in October. John Paulson kept a significant stake in gold in Q3 2012, a self-confidence increase to bullion's appeal as a hedge against economic uncertainty, a US regulatory filing showed on Thursday.
While John Paulson kept his present stake in the SPDR Gold Trust (NYSE:GLD), Soros elevated his holding in the gold trust by 49% to 1.32 million shares.
Soros and his team, in contrast to many experts, clearly think gold isn't a bubble and will shield and grow his wealth in the coming years.
Paulson, who became a billionaire in 2007 by wagering against the subprime mortgage market, owns about 5% of the SPDR Gold Trust, primarily based on data compiled by experts. SILVER PRICES -- SILVER BARS, COINS, BULLION >>>SILVER BARS, SILVER COINS
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