Which metal will outperform the other—Gold or Silver?

That’s a question many analysts and investors are talking about right now—some see the grey metal growing at a more impressive rate than gold ultimately will, and you will find a few articles related to this today…also, two of the world’s largest banks have blacklisted Perth Mint due to ethical sourcing concerns…and we found you an article that looks at four promising stock options in the precious metals sector.

Let’s dig in…

Stock Market
Will You Cash in on the Gold Rally? Here is the Best Way to Play This Opportunity

The dollar continues to weaken, naturally pushing gold prices to new highs. Many analysts see the yellow metal hitting $2,000 per ounce this year. What has gold done lately? Oh, just gained $33.70 an ounce on Monday, which currently place it at $1931.00. 2020 has been a bad year in many ways, but not for gold—it has climbed 27% this year. As you can see, gold is now one of the best asset classes out there.

Commentary
Gold Prices Will Not Reach $10,000—Here’s Why

‘Mega-Bulls” are going “batty” over the price of gold, making predictions that gold is going to reach anywhere from $3,000 to $10,000, according to a recent report from New York-based commodities consulting company CPM Group. As Simon Constable writes in this article for Forbes, this report doesn’t name the forecaster(s), but the report does make it difficult to believe these projections are going to materialize in a way that is useful to investors. Here is how this report sums up this situation: “…the gold bulls have been predicting since at least the 1970s that economic and financial excesses would lead to a global financial collapse and gold prices rising to $5,000, $10,000… whatever. They have been wrong on their economic outlook and their gold price projections for nearly half a century. At what point does one say to oneself, “Maybe I should stop listening to people who have been wrong for 30, 40, 50 years?”

HERE’S WHAT YOU CAN REASONABLY EXPECT

Latest News
Perth Mint Gets Blacklisted by Two of the World’s Biggest Banks

HSBC and JPMorgan, two of the world’s largest banks, have stopped buying gold from Perth Mint, citing potential damage to their reputation along with concerns the government owned refiner could lose its London accreditation. The black ban follows revelations in The Australian Financial Review that the mint was buying up to $200 million of gold a year from a convicted killer in Papua New Guinea and that child labor and toxic mercury were… READ MORE

Economy
These Gold Coins are Selling 3X More Than Last Year—Meanwhile, U.S. Mint Struggling to Produce Its Silver Sibling Coin

The Federal Reserve and other central banks are still trying to prop up the global economy with massive monetary stimulus, while investors increasingly are moving to precious metals to protect wealth. In the first seven months of the year, investors have already purchased three times the Gold Eagles that were sold all of 2019. The data from U.S. Mint shows Gold Eagle sales (in troy ounces) were 152,000 last year versus 456,000 as of July 23rd, 2020. That is exactly three times the 2019 sales figure. Interestingly, the ratio of Silver Eagle verses Gold Eagle in July is 8 to 1. The average for the past four years was about 64-1. Because the U.S. Mint is still struggling to produce Silver Eagles as well as investors switching to other lower premium sovereign official silver coins, such as…

Stock Market
These Are the Precious Metals Stocks You Could Have Bought--Hurry, There is Still Time

Silver has broke through its glass ceiling in the past month, and now gold is surging after waiting for silver to catch up. Looking back at the “what ifs” can be hard to do—whether we feel it’s a waste of time or too painful to review—but a breakout move like this is globally-watched commodities sometimes signifies a big change in economic assumptions. In other words, looking back at what you could have invested in is something that could be worth your time right now—as there is still time to cash in on this precious metals run now taking place. So be sure to check this out: 4 Precious Metals Stocks of Interest

Price
Here’s Why Silver Will Outperform Gold Before the Precious Metal Rally Stops

On Monday, while gold was hitting an all-time high, silver was sitting at $24. This analyst thinks the grey metal will outperform gold from now going forward. What’s his logic behind such a forecast? SEE WHY HE THINKS SILVER IS THE STRONGER BET GOING FORWARD

Thanks,
Gold Silver Central