Andy Schectman Predicts Silver to Surge to $500 per Ounce and Gold to Reach $5000 per Ounce

by | Sep 2, 2023 | Gold IRA | 12 comments

Andy Schectman Predicts Silver to Surge to 0 per Ounce and Gold to Reach 00 per Ounce




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BEAT THE HERD: Silver Will Hit $500/OZ In & Gold $5000/OZ – Andy Schectman

Investing in precious metals has always been a popular choice for investors looking to protect and grow their wealth. The recent economic uncertainties amid the global pandemic have only increased the appeal of gold and silver as safe-haven assets. Andy Schectman, the CEO of precious metals dealer Miles Franklin, is one of the experts who believes that silver and gold are primed for significant gains in the near future.

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In a recent interview, Schectman shared his bold predictions for the future prices of silver and gold. He confidently stated that silver will hit $500 per ounce, while gold will skyrocket to $5000 per ounce. These predictions might seem ambitious to some, but Schectman has a solid rationale behind them.

One of the main factors he points to is the current state of the global financial markets. With central banks around the world printing money at an unprecedented rate to combat the economic fallout from COVID-19, Schectman believes that this excessive monetary stimulus will eventually lead to an inflationary environment. In times of inflation, investors often flock to safe-haven assets like gold and silver to preserve their purchasing power.

Schectman also highlights the increasing demand for silver in various industrial sectors. As the world transitions towards cleaner energy alternatives, the demand for solar panels, electric vehicles, and other technological applications that rely on silver is expected to soar. This surge in demand, coupled with the limited supply of silver reserves, will put significant upward pressure on its price.

Furthermore, the historically low gold-to-silver ratio is another indicator supporting Schectman’s predictions. Typically, the gold-to-silver ratio hovers around 50:1, meaning it takes 50 ounces of silver to equal the price of one ounce of gold. Currently, this ratio is well above 70:1, indicating that silver is undervalued compared to gold. As the ratio converges towards its historical average, the price of silver will experience a sharp increase relative to gold.

While Schectman’s predictions may sound astonishing, it is essential to remember that no one can accurately predict the future with absolute certainty. However, his arguments do have merit, considering the state of the global economy, increasing industrial demand, and the gold-to-silver ratio.

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Investors who are considering adding precious metals to their portfolios should take note of Schectman’s insights. Gold and silver have proven to be resilient assets in times of economic uncertainty, providing a hedge against inflation and preserving wealth over the long term. While it is impossible to time the market perfectly, adding gold and silver to an investment portfolio can help diversify risk and provide stability during challenging times.

Ultimately, whether or not silver reaches $500 per ounce, and gold reaches $5000 per ounce, remains to be seen. However, Schectman’s expertise and analysis provide valuable insight into the potential future trends in the precious metals market. For those willing to invest in metals, it’s crucial to consider various factors affecting their prices and to make informed decisions based on their own risk tolerance and investment objectives.

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12 Comments

  1. Tazante Flight

    17 days later, and no explosion. Silver, and gold dont explode. If you want to sound smart, say "silver will beat its previous high". that alone wont happen for years. At least it is a reasonable statement.

  2. JOHN BANNON

    WAKE ME UP WHEN SILVER HITS $40++ AN OZ. !!!!!!

  3. Jamie Le Seelleur

    Don’t listen to this guy. He has been wrong numerous times and his claims are outlandish.

  4. Charles Wilson

    With the IBS and comex in place. No way will gold and silver get to its market price. Just common sense. No need for all this blar blar, blar.

  5. GEOFFREY PEGUES

    If you say $30 soon I'll be on board. Stop these ridiculous claims.

  6. DeriKuk

    I've heard this BS for the past 17000 days — since the Hunt Brothers were robbed by the government crooks. Only Don Quixote Schectman still tilts at the silver windmills; and Rosinante has been glue since the last century. Give up on it. Buy Bitcoin (not crapto) while you still can. It is the fastest horse in the race, and you are not going to live forever.

  7. McJiver

    Ooooh shiny. Meanwhile the real big guys are buying up digital gold silver and oil. I'm all for tangible assets but a new asset class is plowing its big D right through every industry.

  8. tom

    are you lying again ? $500 in 17 days ?

  9. D Glass

    $500 OZ is too low for silver, its worth atleast $1200 OZ

  10. CanadianStacker

    I have had zero issues getting silver. I made a 50000$ purchase back in March my wait time for product was 4 seconds.

  11. Tazante Flight

    I say silver wont do anything in the next 17 days. Lets see who is smarter, ROFL. Silver is too abundant. It will NEVER goto the moon. Silver wont even beat its previous high of $50 in our lifetimes. See you in 17 days….

  12. Michael Phillips

    Please don't believe these ridiculous claims.

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