Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Bank of America SAID THIS about SILVER Price -- (Gold Price Too!)

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Bank of America SAID THIS about SILVER Price -- (Gold Price Too!) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  $46 silver. Are you ready for that?
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  I'm ready for that. But you might be asking what's
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  it going to take? What conditions need to be in
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  place for us to get to that heralded number of $46 per oz in
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  silver? Today, we're gonna get some
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  answers. We're gonna look at what Bank of
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  America is saying about silver. We're also gonna look at what
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  other mainstream media sources are saying about silver.
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  And finally, we're going to take a look at the gold to silver
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  ratio to prove that right now the price of silver really could
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  easily be at $46 per oz. But first, I want to say thank
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  you for joining me here in the basement.
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  Please give this video a thumbs up.
• 0:44
  Subscribe to the channel, it's free.
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  Super chance are always super appreciated.
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  Let's dig into this big prediction for silver that we're
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  getting from Bank of America. But they fell a little short and
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  you'll know what I mean. As we take a look at the
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  article, our friend Neil's over at Kitco brings us an article.
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  Bank of America remains bullish on silver, Sees $35.00 an ounce
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  by 2026. We like the bullish on silver
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  part, but really, $35.00 an ounce Bank of America by 2026?
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  Heck, we could be at $35 per oz next month.
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  But let's dig in and see what they're saying.
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  They're saying a growing chorus of analysis is not ready to give
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  up on silver just yet. Talking about how it's fighting
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  for $30 per oz, Bank of America is the latest institution to
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  weigh on silver. Michael Widmer, the bank's
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  precious metals strategist, expect silver prices to push to
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  $35.00 an ounce within the next two years.
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  Again, we think you're way off Michael, but we still want to
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  hear why and dig in and learn some fascinating things about
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  the silver market because there's something hidden in here
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  that I think we need to talk about.
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  He says in the last couple of years, gold has been the go to
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  safe haven asset as investors look to hedge against
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  geopolitical risk. However, Bank of America expects
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  that now it's silver's time to shine again.
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  Guys, this is Bank of America, one of the biggest banks in the
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  country as it is just recently started to perform within the
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  precious metal sector. They say, quote, silver has
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  underperformed gold as an industrial metal, as an
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  industrial metal has been weak. With the global economy turning
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  a corner, the white metal should start to perform better.
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  Additional support is also coming through is the next
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  generation of solar panels, which are more silver intensive,
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  are gaining traction. We've covered that ad nauseam.
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  It's unbelievable the amount of silver being sucked up by the
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  solar panel industry and then purple.
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  All of this may then also attract more investors to the
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  market, creating a virtuous cycle that pushes prices even
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  higher. The industrial demand, which the
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  Bank of America analyst is telling us is through the roof.
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  We know that much. But nobody's accounting for the
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  potential that investor demand could come back.
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  And if it also comes back, and I think it will come back when
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  people wake up, right, as mainstream media pays more
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  attention to silver and gold for that matter, we could have
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  unbelievable shortages, in particular when it comes to the
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  silver market, because we can check the box for industrial
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  demand. We're running a massive silver
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  deficit right now. We cannot check the box right
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  now for investor demand. But when that box does get
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  checked, Can you imagine the price moves that we could see in
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  silver $46? That's nothing.
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  We're going to talk about the mainstream media next, which
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  could be the catalyst for this investor demand upswing that we
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  could easily see. I think we will see in the next
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  five years and we're going to talk about $46 silver why we
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  should be there right now. But first I want to say thanks
• 4:32
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  fortunasilver.com. Now let's go check out just a
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  couple of the big mainstream articles where we're seeing
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  mainstream media covering silver and gold.
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  Here's the double whammy. Yahoo Finance, the most
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  mainstream of mainstream media, running an article from Reuters,
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  also the most mainstream of mainstream media talking about
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  gold dips. This was yesterday on higher
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  bond yields. Fed speakers on tap.
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  And we're not gonna go through all the details of this article,
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  but it covers gold and shows us that the mainstream media is
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  picking up on the gold action. Here's another one from CNBC,
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  right? Costco selling as much as 200
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  million in gold bars monthly, Wells Fargo estimates.
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  And this is an older article, but I can tell you CNBC is also
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  running more and more articles covering the gold and silver
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  markets. Guys, this could act as a
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  catalyst to bring more Western investors into the silver and
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  gold market. And remember, remember, that's
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  the missing link. That's the one component that we
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  need to have, right, for a real massive move up in the silver
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  price and the gold price as well, right?
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  These are, it's a, it's a great opportunity.
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  It literally is the silver lining and it's the one that
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  nobody really focuses on. But when that comes through
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  again, it will serve as a catalyst to move the prices
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  higher and higher. Finally, let's talk about $46.
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  So let's take a quick look at the gold to silver ratio.
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  Here we have the gold to silver ratio all the way back to 1915.
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  As you can see, when the government controlled the price
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  of silver and gold, it was real kind of choppy, I guess you
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  would say. However, once the prices were
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  allowed to trade freely, we can see up and down movements.
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  Look, when I look at this chart, I can easily see that maybe 50
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  is the kind of the average over the last number of years.
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  We've gotten down there a number of times lately.
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  Guys, if we had a gold to silver ratio of 50 right now, do you
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  know what the silver price would be at $2300 gold?
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  If we had the 50 to one gold to silver ratio, the price of
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  silver would easily be $46 per oz.
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  Is it clear to you that the silver price and the gold price
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  for that matter, should be much higher than they are right now?
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  We've got the biggest bank, Bank of America, right?
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  Talking about higher silver prices.
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  We have the mainstream media starting to pick up on the
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  story, which could catalyze individual retail demand in the
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  West. And we know that historically if
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  we zoom in on silver, that the silver price relative to gold is
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  quite a good value right now. Hey, don't make any financial
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  decisions based on anything I'm saying.
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  It's what I believe you need to do your own due diligence and
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  let me know what you think. We're always interested in
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  hearing your thoughts on the silver market.
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  On the gold market. One thing we do know for sure,
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  it's going to be a choppy ride, but we believe that the price
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  and value of silver and gold will be much higher in the
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  future. I'll be here for you through it
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  all. Thanks for joining me today and
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  I'll see you next time.