E.B. Tucker forecasts $40 silver price, $2,500 gold by year-end
Key take aways:
1. US Fed is printing money to the tune of 5 Trillion USD over 2020 and 2021. That is nearly 40% of physical Gold ever mined across the world. This shall send the price of Gold much higher.
2. There is no speculation in the precious metal markets yet. But we may see that too happening in the future when Gold & Silver begin to rise.
3. Over last 20 years, Gold has beaten Warren Buffet’s portfolio performance by a huge margin.
4. Gold mining companies are looking attractive. Warren Buffet himself bought into “Barrick Gold”. That’s because he sees that the fundamentals are good. The company has 2x the operating margins in comparison to Microsoft and has higher Dividend Yield
