Silver is headed to $1,000. That’s what Avi Gilber, financial adviser and journalist, said. Based on the same methodology he used to successfully predict the tops and bottoms of gold, he sees silver going to $1000 in 50 years.
So, if you are just starting your career, in your teens or 20s, listen up. This is the investment for you.
On the other hand, it might be discouraging to those who will retire in 10 years, it should be. Silver is still dancing below $25.
His 50 year projection will mean an average of $20 gain each year. If you buy silver now, you will have over 500 percent gains in 10 years, based on Gilber projections.
Metals have been traditionally an investment for those near retirement. After building their fund for several decades, they shift to metals to guarantee the value of their investment.
It’s high time younger people recognize that metals are one of the best investments they can start with.
Gold might be too much for those who are in their first job. It is hovering around $2000. A 5 ounce investment will set you back Ten grand.
But silver is way more affordable but just as profitable. Start with silver now and all you have to do is sit on it until you retire.