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Welcome to Wednesday as we begin to see signs of a silver slow down.
We have some compelling interviews and commentary for you today. We kick things off with a conversation that covers several hot topics in the financial realm right now.
There is also some content for you on China’s dipping demand for gold and what that means for investors.
Let’s dig in…
Commentary
[INTERVIEW] PREDICTIONS: $50 Silver in 2021, Currency Reset, Gold Mining Stocks, with Lawrence Lepard
In this video, the I Love Prosperity YouTube channel talks about the currency reset, silver price going to $50/oz and Gold heading higher. Lawrence speaks about mining stocks and his belief on how precious metals will continue their uptrend higher, as money printing kicks into high gear.
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Latest News
Silver Slips, Falls 40% - Here’s Why
Silver prices dropped more than 4% on Tuesday, halting a rally to near 8-year highs in the previous session that was the latest move in two weeks of turmoil on financial markets fueled by a pack of Reddit-centered individual investors. Spot silver prices were down 4.2% at $27.77 an ounce as of 0730 GMT, retreating from a high of $30.03 reached on Monday, there since February 2013.
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Commentary
Gold is Dead Money, and Everyone is Going to Bitcoin, Says Michael Saylor
MicroStrategy’s Michael Saylor is predicting that the majority of investors will dump gold in the coming years in favor of Bitcoin, leaving the yellow metal for dead. In an interview with Andrew Henderson of Nomad Capitalist, the CEO of the world’s largest publicly-traded business intelligence firm says the $10 trillion gold market will be decimated as troves of investors opt to store their wealth in BTC. Saylor warns investors not to be the last ones to get out of, what he views as, a dying asset.
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International
China See’s Gold Demand Dip as New Year Approaches
BEIJING: Physical gold demand eased in top consumer China this week as coronavirus-led restrictions dampened retail buying ahead of the Chinese New Year. Dealers sold gold at anywhere between a discount of $4 and a premium of $4 an ounce over benchmark spot gold prices, versus $0.50-$4 premiums last week. “Gold is uninteresting to Chinese investors in the current climate given its weaker returns recently. Gold premiums will neither collapse nor skyrocket,” said Bernard Sin, regional director for Greater China at MKS Switzerland. China has imposed lockdowns and discouraged travel ahead of its Lunar New Year in early February. “The Chinese new year is not helping demand this time,” said Ronald Leung, chief dealer for Lee Cheong Gold Dealers in Hong Kong.
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Commentary
Is Silver the Answer?
In this video from The Morgan Report YouTube channel, David Morgan chats with Chris Duane of Silver Shield and The Greatest Truth Never Told.
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Commentary
Long Term Opportunities Await Silver Investors
The rise in silver prices to an 8-year high this week, driven principally by speculators, is a significant development for the sector. While the metal has pulled-back somewhat since Monday’s highs, silver remains far from its long-term potential price level based on fundamental factors: 1. Silver and silver producers have been fundamentally undervalued for many years, despite a supportive macroeconomic environment for precious metals and growing industrial demand for silver. 2. Investor sentiment towards silver is improving, yet there is much room for recovery with silver having lagged gold for some time.
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