Gold will hit $2,500 an ounce by year-end, with silver outperforming to reach $40 by year-end, said E.B. Tucker, director of Metalla Royalty and author of “Why Gold? Why Now? The War Against Your Wealth and How to Win It.”
“Silver’s got some catching up to do. One of the things about silver that people need to understand is that the supply of silver is not elastic, and what that means is if the price goes higher, the mines can’t just turn it on. Only about a quarter of the supply comes from actual direct silver mining, the rest of it comes from by-products, and recycling,” Tucker said.
0:24 – U.S. capitalist system is “broken”
4:44 - $40 silver and $2,500 gold forecast
6:38 – Silver’s fundamentals
9:14 – Macroeconomic problems
12:39 – Are we still living in a free market?
15:00 – Do we still need a Federal Reserve?
17:49 – Gold confiscation
19:56 – The problem with zero interest rates
22:20 – The “magic” of royalty companies
__________________________________________________________________
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“Silver’s got some catching up to do. One of the things about silver that people need to understand is that the supply of silver is not elastic, and what that means is if the price goes higher, the mines can’t just turn it on. Only about a quarter of the supply comes from actual direct silver mining, the rest of it comes from by-products, and recycling,” Tucker said.
0:24 – U.S. capitalist system is “broken”
4:44 - $40 silver and $2,500 gold forecast
6:38 – Silver’s fundamentals
9:14 – Macroeconomic problems
12:39 – Are we still living in a free market?
15:00 – Do we still need a Federal Reserve?
17:49 – Gold confiscation
19:56 – The problem with zero interest rates
22:20 – The “magic” of royalty companies
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit www.kitco.com/
Follow us on social media:
Facebook - www.facebook.com/KitcoNews/?ref=br_rs
Twitter - twitter.com/kitconewsnow
Google+: plus.google.com/u/0/116266490328854474588
StockTwits - stocktwits.com/kitconews
Live gold price and charts: www.kitco.com/gold-price-today-usa/
Live silver price and charts: www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.