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…The silver market is tiny – roughly one-tenth the size of the gold market – so it’s prone to crisis-driven upside explosions as money floods into it during periods of high inflation and today, the stage is set for an explosion in inflation. I expect it to kick off a crisis-driven mania into silver like what happened in 1980 [and] adjusted for today’s prices, that means silver soaring above $160 a [troy] ounce… almost 10 times the current price…[This article] looks at why silver could be on the verge of a big rally…@A Financial Site For Sore Eyes & Inquisitive Minds
…Trillion-dollar deficits are the new normal and that means an avalanche of new government debt to finance them…[which will] make the federal debt grow faster and faster. (Even the government predicts that within 10 years, it will hit nearly $35 trillion, up from $22 trillion today.) @Follow the munKNEE
- Who will buy all this paper? The only entity with the appetite will be the Federal Reserve.
- How will the Federal Reserve pay for the U.S. government debt securities it buys? The only way it can: by creating new currency out of thin air and this will debase the dollar and lead to runaway inflation.
Once the dollar starts to lose its value in earnest – which I expect could be sometime before the 2020 election – people will panic into precious metals just like they did in the ’70s and ’80s, but likely on a much bigger scale today, and much of that money will make its way into the tiny silver market. This will cause the price to spike. It’s a predictable pattern. Bottom line, the stars are aligned for a silver price spike for the record books and now is the perfect time to get in…
Silver is overdue for a bull market and as silver prices head higher, select silver mining stocks could offer some of the best crisis investing returns in the months and years ahead.