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

# – # – # – # – #

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.

—30—

Please leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s