In Tom’s newest update, he started off discussing how the premiums on silver bars and products had jumped in just the past three weeks. It’s been a while since premiums on silver bars have gone up, and with the recent increase in the price, demand has picked up. Since the beginning of the year, gold’s price has increased by 18% while silver is up 20%.
Tom explains that due to the negative interest rates, demand for gold in Germany has seen the largest increase since 2011. Furthermore, the World Gold Council reported that flows into European Gold ETF’s increased by 139 metric tons in 2019, mainly over the past three months.
According to the gold market price trends that Tom follows, they are suggesting that gold’s next target is $1,650, which could be reached over the next several months. And once gold goes above $1,650… then it’s likely to retest the all-time highs.
Lastly, Tom believes that Platinum will continue to increase in value after he suggested it was a good buy at $700. With Platinum now trading in the $900 range, Tom believes there is more upside potential, possibly $1,200 by early next year if there isn’t a recession.
IMPORTANT NOTE: There is a reason I sponsor Tom Cloud on my site because I believe he is one of the most honest and upfront precious metals dealers in the industry. Not only does Tom offer some of the best rates to purchase gold and silver, but also whenever someone sells metals back to him, HE DOES NOT CHARGE A COMMISSION. The overwhelming majority of precious metals dealers charge a commission to buy back gold and silver.
I challenge you to check for yourself.
Also, if you need to store metal at a secure facility, Tom offers some of the lowest storage rates in the industry. TOM DOES NOT MAKE MONEY OFF HIS CLIENTS PRECIOUS METALS STORAGE. The overwhelming majority of precious metals dealers add an additional percentage to store their clients gold and silver
I challenge you to check for yourself.
Tom Cloud has been in the precious metals business for 46 years, since 1973. He has a lot of experience in the precious metals industry and understands the gold and silver market better than most dealers in the industry.
If you are new to the precious metals market and had questions, Tom Cloud would be happy to answer any questions.
DISCLAIMER: While Tom offers information about precious metals, you should not take this as investment advice. You should contact a professional advisor and or do your due diligence before making investment decisions.
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DISCLAIMER: SRSrocco Report provides intelligent, well-researched information to those with interest in the economy and asset values. Neither SRSrocco Report nor any of its owners, officers, directors, employees, subsidiaries, affiliates, licensors, service and content providers, producers or agents provide financial advisement services. Neither do we work miracles. We provide our content and opinions to readers only so that they may make informed decisions on all types of assets. Under no circumstances should you interpret opinions which SRSrocco Report or Steve St. Angelo offers on this or any other website as financial advice.
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If the best speed available is from what you currently have, my condolences.
However you may be living in a beautiful rural area.
Our family has a house in the mountains about 115 miles north of a large and still rapidly growing city. We just got high speed internet through the electricity provider; an electric membership company (EMC). I didn’t know they can provide high speed internet along with power through those 220 volt/high current lines. Something to check out.
My mistake; it’s a separate fiber cable provided by the local EMC.
BTW, what exactly would be the vault storage charges be for gigantic stacks of paper IOU’s – and possibly a couple ounces of something?
We, as investors, large or small (me being a less than a large investor), need to keep our eyes on the prize. Silver has more of an upside potential than gold – dollar for dollar. I want more! I will likely sell the very small amount of gold I have (really, a very small amount), in order to buy more silver.
TPTB are trying to shake out those in the PM markets who are short, more than a little bit scared or skittish over the minor price fluctuations (in the bigger picture) of the PMs. Silver had a great run-up that is far from over.
The recent price corrections with silver, I sincerely believe was healthy and good for silver. That buy on the dips thing, is in full swing for me. Recently, the price correction in Silver reflects some major shorts trying to unwind their short positions in the PMs and shaking out the smaller investors.
Agin, I view this as a healthy correction of PMs (in my opinion) for silver in particular. As long as your mortgage/rent as well as other necessary expenses are covered in a budget, HOLD as you are fine in this market. Hang tight and reap the rewards that the Silver will bring. PMs could finally be priced CLOSER to its true/real value. If you can stick it out for 5 more years, I firmly believe you/we will be handsomely rewarded.
I will not predict any PM pricing, however, in less than 3 years, you should be able to realize impressive gains in a relative short period of time (again, in less than 3 years from today).
Globally, nothing has helped to correct the price manipulation of the PM pricing/valuations perpetrated by 5 of our largest financial institutions at this time.
Who needs a press to print fiat currency when they can jump in and out of the PM market – on their own terms and without risking a single cent. They have a license to steal, and man, do they ever exploit that (with both money-grubbing hands) stealing all they can grab.
Someday…
JR