In Tom Cloud’s newest update he discusses the silver price and where he sees it going in the next leg higher. Also, with the new Basel 3 ruling, Tom sees more Central Bank gold buying along with private demand which will positively impact the gold price. Tom and I agree that the next large move in the silver price will likely come from Big Investors.
While I agree with Tom that we are going to see much higher gold and silver prices, we can’t discount a move lower during a major broader market correction. Again, I am not saying IT IS A GUARANTEE, but investors likely sell everything during a significant correction. But, as I mentioned several times, lower silver prices will pull in a great deal of demand, pushing up premiums and wait times to get metals.
Tom and I don’t know when, but at some point, it will be difficult to access metals at reasonable prices. And, talking about reasonable prices, CLOUD HARD ASSETS is selling the new TYPE 2 Silver Eagles for only $6.30 over spot. General Manager Dan sent me some of the prices they are selling products over spot and I was quite surprised to see how low they are selling the new Silver Eagles versus the top online dealers.
The lowest I found was Money Metals Exchange at $8.79 over spot with the highest from APMEX at $11.49 over spot. CLOUD HARD ASSETS is also selling 2021 Silver Maples at only $4.25 over spot. The large online dealers are selling 20-99 Silver Maples for $5.00-$6.39 over spot.
You can contact Tom, Dan, or Jade click here: CLOUD HARD ASSETS. You can also call (800) 247-2812.
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