As America’s Gold Expert®, I’m often accused of being a “cheerleader” for the precious metals and rare coins, but this year I’m actually a little more conservative than Citibank and some of the other mainstream banks.
For Gold, I’m predicting a slightly lower range than Citibank of somewhere between $2,200 and $2,350 but I don’t think gold can reach $2,200 within three months, like Citibank does. I’m thinking it will take six months to reach $2,200 and a more likely peak price would be $2,350 in the second half of 2021.
Silver often acts like “gold on steroids” during a bull market move, so I think it can exceed $30 with a 30% gain to $32 per ounce based on rising industrial use in solar panels and rising investment demand.
When there is uncertainty about the future, like now, that is the time to increase your precious metals position for another year of market-beating results and protection of your other portfolio assets. You can also place your precious metals into a tax-deferred IRA plan. Call your representative for more details. They make setting up a precious metals IRA easy!