When gold rose to $1,931 an ounce, the highest settlement in history, it juiced the crowd expecting $2,000 an ounce soon. Marketwatch reported that Goldman Sachs found that cheap. They think $2,000 is a no-brainer.
In 2018, the global electric car fleet exceeded 5.1 million, up 2 million from the previous year. With policies being set up to encourage EV manufacturing, oil consumption could take a major hit in the coming years.
Everyone is looking at gold and silver but you might want to look around for a minute because Platinum is coming.
While gold and silver bull run has been mistakenly solely credited to the pandemic, platinum is being completely ignored.
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.
Precious metals have a limited supply, which means sustained demand. Gold is more prominent, but other industrial-used metals, such as platinum, have a variety of uses in new technology such as hardware that runs cloud software.
Max Keiser, Wall Street veteran and host of financial TV program The Keiser Report, is anticipating Bitcoin’s bullis run to $28,000. He said that the government’s relentless money printing is the primary cause.
Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world. The rest? Held long-term by investors, according to a new report by crypto analytics company Chainalysis.