MONEY: Bloomberg Intelligence Projects $50 Silver in 2021 | SchiffGold

DECEMBER 23, 2020  BY SCHIFFGOLD   0   0 Saxo Bank recently projected silver will soar to $50 an ounce in 2021, powered by loose monetary policy along with the push for “green energy.” Bloomberg Intelligence is now making a similar call, saying silver will be “the primary metal” benefiting from electrification and quantitative easing in 2021. Gold set a new record earlier this year and briefly traded above $2,000 an ounce. In a recent report, Bloomberg Intelligence senior commodity strategist Mike McGlone predicted silver will follow gold toward a record high of its own.

Bloomberg Intelligence Projects $50 Silver in 2021 | SchiffGold

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Clearly higher metal prices are predicting inflation from all the FED’s action to stimulate the economy.

The result will be a harder life for the “middle class” if there is any such left.