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The Biggest Movement in the History of Precious Metals is Coming

All over the world, coins are minted, and banknotes are printed, and the US dollar is not exempt from that list. What is looming is a loss of confidence in the major currencies. David Morgan, the precious metals markets analysts, stated that while the US dollar will remain last standing, the paper’s price will change relative to precious metals markets, the stock market, the housing market, and everything in between.

However, due to the loss of confidence during the final phase of a currency breakout, the resulting rush to gold or silver will be extreme.

Between 1970 and 1980, the silver price went from $6 an ounce to $48 an ounce; however, the transition was not gradual as some may initially believe. Instead, the move to $42 an ounce occurred in the last thirteen months. So, until 1979, silver was trading at $6 an ounce. By 1980, however, it had increased by more than 800%. Morgan said that what we are experiencing today is not like what happened in 1980; that was simply a forerunner of the times to come. What awaits us is a total disruption, something that only happens every 350 years.

The silver market has a rare opportunity

David Morgan thinks that there is a rare opportunity in the silver market. Those who believe that precious metals have already achieved their goal will soon be disappointed to find that they have missed the biggest most significant in history.

The next recession is approaching. With it, we will have to expect more social unrest, supply chain disruptions, product shortages that we take for granted today, and a change in the spending habits of the world’s population. Prepare yourself by recognizing that adapting is the only way forward, says Morgan.

Bulls and bears make money. The analyst says that too much greed will lead to losses and regrets. He advises keeping flexible, constantly adapt to reality, and not involve your emotions.

Human beings have survived anything, even in the harshest conditions, mentally, spiritually, and physically. Don’t underestimate it; we always pass, he wrote in Money Metals.

Christopher Lewis, an analyst at Fxempire, believes that the silver market is more likely to go higher than lower over the longer term.

He thinks that pullbacks are potential value opportunities and not necessarily something to start selling. It is not mandatory to start selling until the prices break below the $20 level.

 

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