Silver Bullion To $50/oz And When To Sell Gold Or Silver

February 19, 2020

◆ Silver bullion is set to outperform gold, other precious metals and the vastly over valued risk assets of stocks and bonds in the coming years

◆ The record nominal high of $50 in 1980 and in 2012 will almost certainly be seen in the next two years

◆ Silver rose 15.5% in 2019 to close just below $18/oz in 2019; a 50% gain in 2020 would take us to $27/oz and an 80% gain the following year would take us to $48.60/oz

◆ Same way you dollar, pound, euro etc cost average to acquire your silver bullion holdings; you should dollar cost average your reduction in allocations in the coming years

◆ It may be prudent to sell some of your holdings at around $48/oz, some at around $90/oz, at around $135/oz etc.

◆ This only applies to those many silver bullion buyers who are overweight and have a large allocation to silver – say over 10% or 20%

◆ Investors with small allocations of closer to 5% should only sell a small amount if the price goes parabolic or if they need the cash in a crisis for day to day expenses or needs

◆All investors should have a core financial insurance allocation to gold and silver coins and bars; Avoid digital gold, platform gold, gold tokens and crypto gold

◆ Popular and liquid bullion formats should be taken possession of and also stored in liquid, secure storage in their own country and at least one other safe jurisdiction

◆ Zurich remains the most liquid and safest places in the world to own gold and silver coins and bars

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

Gold weakens on global cues and lackustre demand