BottomBounce
2 months ago
Ryan McIntyre, Managing Partner at Sprott Inc., echoed this sentiment, expressing a bullish outlook for gold as geopolitical uncertainty weighs on overvalued equity markets.
βWith global debt levels at historic highs, gold remains the most attractive asset in a multipolar world,β McIntyre told Kitco News. βLong-term geopolitical uncertainty will continue to underpin gold as a safe-haven asset, outweighing any short-term price fluctuations.β https://www.kitco.com/news/article/2025-01-07/wef-says-globalization-stalling-trump-mulls-gulf-america-analysts-see $PSLV
BottomBounce
7 months ago
How much will 400 ounces of silver be worth in 2030 The price of a bar of gold is worth a million dollars for the first time, thanks to soaring prices for the precious metal. The price of spot gold reached more than $2,500 per troy ounce Friday, hitting a record high. The average gold bar weighs 400 troy ounces β which, when you do the math, hits a million dollars. $GLD https://www.bloomberg.com/news/articles/2024-08-19/gold-bars-are-worth-a-million-dollars-for-the-first-time?embedded-checkout=true $SLV
BottomBounce
7 months ago
China's high demand for silver is driving up prices and causing a supply and demand gap. Silver is used in many applications in China, including solar panels, electronics, and automotive components. In fact, China is the world's leading producer of photovoltaic panels. Demand from solar PV panel manufacturers in China is expected to increase by almost 170% by 2030, which could account for one-fifth of total silver demand. $PSLV