Gold and Silver Prices To Rise To $1,650 and $30 By 2020?

Gold and Silver Prices To Rise To $1,650 and $30 By 2020? by Mark O’Byrne – Gold Core

– Gold to outperform stocks again in 2019 as seen in 2018 and last 15 years
– 15% to 20% gains for gold and 30% to 40% gains for silver quiet likely

– Given scale of under valuation, strong fundamentals including robust demand and anemic supply and high level of risk, both precious metals are likely to surge in 2019 and 2020
– Gold and silver likely to reach highs over $1,650 and $28 per ounce

– On the high side, we may see a price increase of 30% for gold in 2019 as was seen in 2007 and 2010 and silver may surge 80% as it did in 2010 is possible (see table)
– Past performance is no guarantee of future returns but along with the positive supply and demand fundamentals and the uncertain economic backdrop, they give an indication of possible returns
– Currency reset would see gold to $5,000 to $10,000 and silver at over $250 per ounce as predicted by Rickards and others

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Mark O'Byrne

I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is prudent. I have been an Executive Director in GoldCore since its foundation and today I am Marketing and Research Director. As our customer base grew both domestically and internationally we were receiving a steady stream of requests from our clients and wider public for detailed analysis of the precious metals market. To meet this demand, I stepped into the Research Director’s role and am responsible for helping to inform and educate our clients and followers on how to protect and grow their wealth through owning gold and silver bullion.