Gold and Silver

Gold and silver have always been money throughout history.

The US dollar was guaranteed to be convertible to gold until 1971, when President Nixon de-linked the dollar. Gold rose from $ 35 an ounce in 1971 to $ 875 an ounce in 1980, a rise of $ 2,400%. To reach that high again, adjusting for inflation, gold would have to rise to $ 2,176.

While there are marked differences between the 70s and today, there are remarkable similarities: the decline of the US dollar, rising inflation and interest rates, central banks buying gold, and rising commodity prices.

We believe that, over the next few years, gold and silver will rise dramatically. We have just entered stage 2 of the 3 stage bull market in gold.

If the global economy does not enter into a recession or a financial shock, then all commodities will rise as part of global growth.

If there is a recession, then gold and silver will act preserve wealth during deflationary periods.

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