$100 silver price: when and why we will see it – David Morgan
Gold and silver have always held a close correlation with each other, with silver usually outperforming gold in bull markets, as it did this year.
Assuming a $4,000 gold price target in two to three years’ time, which is roughly a 100% increase from current levels, and assuming a normalization of the gold-silver ratio to 40-1, then silver should be trading at $100 by the time gold doubles in value, said David Morgan of TheMorganReport.com.
“The last time we had that run in silver in 2011, we’ll look at something similar, so at that time it got to about 33 to 1, so if we $4,000 gold and we use a ratio of 40 to 1, that says $100 silver. Is that out of the question? I don’t think so. I actually forecasted that price back in 2003 when silver was under $5, so I think we’ll see that,” Morgan said. “I’m not saying next year, but we’ll see that.”
0:00 - What's been holding silver back?
4:34 - Silver and inflation
6:45 - Silver's correlation to gold
8:11 - Timeline for $100 silver
9:18 - The "fair" gold-silver ratio
11:51 - Silver's performance in recessions
13:49 - Monetary policy vs industrial demand on silver
16:14 - Risks to industrial demand
17:45 - Supply and demand
__________________________________________________________________
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Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
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Видео $100 silver price: when and why we will see it – David Morgan канала Kitco NEWS
Assuming a $4,000 gold price target in two to three years’ time, which is roughly a 100% increase from current levels, and assuming a normalization of the gold-silver ratio to 40-1, then silver should be trading at $100 by the time gold doubles in value, said David Morgan of TheMorganReport.com.
“The last time we had that run in silver in 2011, we’ll look at something similar, so at that time it got to about 33 to 1, so if we $4,000 gold and we use a ratio of 40 to 1, that says $100 silver. Is that out of the question? I don’t think so. I actually forecasted that price back in 2003 when silver was under $5, so I think we’ll see that,” Morgan said. “I’m not saying next year, but we’ll see that.”
0:00 - What's been holding silver back?
4:34 - Silver and inflation
6:45 - Silver's correlation to gold
8:11 - Timeline for $100 silver
9:18 - The "fair" gold-silver ratio
11:51 - Silver's performance in recessions
13:49 - Monetary policy vs industrial demand on silver
16:14 - Risks to industrial demand
17:45 - Supply and demand
__________________________________________________________________
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 http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://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: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео $100 silver price: when and why we will see it – David Morgan канала Kitco NEWS
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