🔵 Has The Next Silver Run Started?
Neil McCoy-Ward Neil McCoy-Ward
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 Published On Jul 24, 2020

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Has The Next Silver Run Started?

I predicted a boom in the Silver price on Mar 22nd for the following reasons:

- The USD has had a lot of pressure put on it, making Silver a more attractive investment
- History tells us that a recession = an explosion in the silver price
- Santayana: “With those who do not remember the past are condemned to repeat it”
- People are saying they don't understand how it could jump 10% in a matter of a day, well it's quite easy, and I've explained this many times. The silver market is tiny, so any major movements of silver, create either a large upward trend in the price or a large crash in the price
- The silver Institute is predicting a 7% decline in mine output in 2020
- The last recession saw Silver prices spike due to QE, well guess what? QE last time was tiny compared to this time = a HUGE Silver price!
- The silver price could even drop with the new stimulus spending, but that will just be a blip, it doesn’t mean anything to me… because that new QE will only push the silver price higher later on
- Business & Industrial is open for business again, so they need Silver, so there’s a demand again there… plus a 60-65%% increase in coin demand, with a lower output dropping by just under 10% in 2020, means higher priced Silver for the near future in my opinion…
- But remember what I always say, silver is a long-term investment. So if I'm wrong about the silver price continuing to go up over the next year or so, as long as you've made a purchase order that you know you want to keep long-term, eventually you'll make your profit
- From my point of you, I'm really looking to offset some of my silver very shortly. Once the coin price not the spot price reaches around $40 per coin, I will sell around 30% of my holdings. The next move will be $50 per coin, at this point I'll sell a further 60%, holding just 10% of my current holdings.
- I do think there is a possibility to see even higher than $50 silver coins on the market, and at that point I will reassess my position based upon what the stock market and the real estate market are doing…
- If both of those markets are still high, then I'd rather hold silver or gold than cash in the short term
- You also have to bare in mind a complete reset of the currency system in the near future, at this point, Silver could go to the moon...

DISCLAIMER
This video is for entertainment purposes ONLY.
I am not a financial advisor or attorney. These videos shall not be construed as tax, legal or financial advice and may be outdated or inaccurate; all decisions made as a result of viewing are yours alone.

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