Bull Run Just Started: $50 Silver Is ‘Next Stop’ Before ‘Much Higher’ Price | Jim McDonald
Jim McDonald, CEO of Kootenay Silver (TSX.V:KTN | OTC: KOOYF), explains why gold has reached new all-time highs this year, but silver hasn’t….yet.
*This video was recorded on July 22, 2024, and is sponsored by Kootenay Silver
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0:00 – Intro
0:41 – Silver price outlook
3:40 – Silver vs. gold
7:20 – Silver deficit
9:50 – Gold/silver ratio
12:25 – Gold price breakout
16:46 – Mining industry: biggest changes
24:40 – Catalyst for new highs
27:00 – Mining company valuations
28:56 – Kootenay Silver
32:30 – Critical mineral
#silver #commodities #mining
24 Comments
Do you think silver is going to this $50 within the next year?
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The largest industrial demand for silver is the industrial military complex & its lust for war to control & support this insane fiat monetary system. Hence price suppression & non reporting of military silver demand.
Buying silver is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio…. I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies … I would greatly appreciate any suggestions
30 dollar next
Silver crashing back to 20 soon
I love this bs! I have been watching these content videos on Silver/Gold predictions and analysis for atleast 10yrs now and its the same, same, same BS nothing has changed! NOBODY knows shit unless you are a inside trader and have the wealth to manipulate the market. (ie Warren Buffet) so nobody knows shit! You win some days and you lose a bit somedays. Only a couple of yrs in the past 50+ yrs have made a big enough difference 80’s, 2011, so the “Prospect” sure is fun to think about but thats with most volitile assumptions. Then once One does feel that silver will boom than the next quest is in what format is the best way to stack or invest? Silver rounds, Silver Dollars, junk silver, Bullion silver bars, IRA’s, ETF’s, Stocks, Futures? My take is simple there is zero doubt in my mind and i have been bullish on this since 2012 ish when i told my family/friends that this will be the future and thats Bitcoin (or NFT/Crypto) I think at somepoint in the next 3-6yrs that Bitcoin could or will reach over 100K or even much higher. I also said and think Cyber Security is another investment that will be so intrugul of course it is already but will be paramount.
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
Jim McDonald. I see and raise you Keith Neumeyer.
People with silver to sell will tell you that the ratio to gold was once 1 to 16 or whatever, back in the day, instead of 1 to 85 as it is now.
This is true, but also highly deceptive.
Back then govs bought gold to back their paper money and silver to create coinage. Now, if they buy gold at all, govs buy gold to back their money, but it is highly unlikely any gov will every use silver for coinage again. Making the old 1 to 16 ratio completely meaningless.
You make money shorting silver not buying it …
In your wildest dreams!
No it will not. People have been predicting this for years.
When mbridge comes October silver will be 420 to 1600 and gold 10k. Baked in the cake
I take colloidal silver daily and never get sick
BULLSHITT
Silver isn't going to 300 this century. What a crock.
My theory as to why the gold/silver ratio is so high now is because silver was demonetized back in the 60s and 70s, but not gold.
Gold's price still has a large monetary premium. But silver sells for essentially its industrial use price.
That's actually a bonus for silver. You can buy it at a discount, knowing that demonetization won't affect the price. And if it's monetized again (not likely, but possible)
then the price will go ballistic. But even without a monetary premium, silver is still an essential, irreplaceable metal, and it's not going away.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
Decided to invest $1k in silver. If it doesn't pan out I blame you!!!!😂😂😂😂
I’m selling as soon as possible… waste of my time..
Silver solid state batteries for EVs. It will be HUGE!
The silver paper shorts on the silver exchanges will always put the stops on Silver moving higher. Untill these paper shorts are forced to settle in bullion silver will lanquish;!!
Blue sky breakout coming. Fear not GOD is in control. HIS timing is perfect 👍🏼
Not to mention every Tomahawk Missile contains a monster box of Silver.