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LEARN MORE ABOUT: Precious Metals IRAs
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
REVEALED: Best Investment During Inflation
Silver Surge: This Is Already Happening To Gold & Silver RIGHT NOW – Andy Schectman
The year 2020 has been extraordinary, to say the least, with the COVID-19 pandemic wreaking havoc on global economies, causing uncertainties, and sending shockwaves through financial markets. However, amidst these turbulent times, a remarkable trend is emerging in the world of precious metals – the silver surge.
Andy Schectman, the CEO of Miles Franklin, a renowned precious metals dealer, recently shed light on this intriguing phenomenon. According to Schectman, gold and silver are witnessing an unprecedented surge in demand, as investors seek out safe-haven assets to shield their wealth from the uncertainties prevailing in traditional markets.
In a recent interview, Schectman highlighted that the demand for gold and silver has reached record-breaking levels, surpassing the peak levels seen during the financial crisis of 2008. This surge is not confined to big institutional investors but can be seen across various segments of society, from individual investors to hedge funds.
Schectman attributes this spike in demand to a combination of factors. Firstly, the extraordinary monetary policies adopted by central banks across the globe, including the Federal Reserve’s unprecedented money printing, have raised concerns about the long-term value of fiat currencies. In such a scenario, investors are flocking towards tangible assets like gold and silver, which have historically proven to be reliable stores of value.
Additionally, the global economic slowdown caused by the pandemic has driven interest rates to record lows, making traditional fixed-income investments unattractive. As a result, investors are seeking alternative assets that offer better returns and act as a hedge against potential inflation. This trend has turned the spotlight on precious metals, with silver emerging as an attractive option due to its affordability compared to gold.
Furthermore, structural changes in the silver market are playing a significant role in driving up the demand for the metal. Industrial demand for silver, particularly in the technology sector, continues to rise, further straining the already limited supply. With advancements in renewable energy, electric vehicles, and 5G technology, the need for silver has surged, putting additional pressure on supply chains.
Schectman also points out that the silver market is much smaller and more illiquid compared to gold, making it more susceptible to price manipulation. This vulnerability, combined with the rising demand and supply constraints, has set the stage for a potentially explosive rally in silver prices.
Indeed, all these factors have come together to create a perfect storm for silver. As investors seek refuge from economic uncertainty and low-interest rates, they are turning to silver as a worthy investment. With unprecedented demand and potential supply shortages, the stage is set for a silver surge that could change the landscape of precious metal investments.
In conclusion, the silver surge is already underway, with record-breaking demand seen across various investor segments. The combination of loose monetary policy, economic uncertainties, and a shrinking supply chain has reignited the appeal of precious metals, especially silver. As this surge gains momentum, it may present a unique opportunity for investors looking to protect their wealth and capitalize on the potential upside of this shiny metal.
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