GOLD PRICE HEADING TO $4000.00 us // SILVER $500 usThe Fed bought $3.7 trillion in the last meltdown a decade ago .. Gold when from $800 to as high as $1917.00 in little over 3 yrs. ( up $1,117.00 )
The Fed $3.7 trillion buying ... send Silver prices to $50.00 oz in 2011.
The BIG Silver Rally took off in August 2010 at around $22.00-$23.00 ... and quickly went over $30.00 us
Is History about to repeat itself again ?
From Mid March to Mid June.. the Fed's portfolio grew from $3.9 trillion to $6.1 trillion.. it's projected to hit $10 trillion by end of this year. This FED BUYING in 2020 going to be over $6 trillion QE, much higher than the FED QE of $3.7 trillion a decade ago.
The Fed QE will go on into 2021 ... going to send Gold towards $4000.00 in the next few yrs.
Depending on what Gold / Silver Price Ratio you follow or believe in.
Gold / Silver Ratio of 30
$4000.00 Gold us = Silver $133.33 us
$3000.00 Gold us = Silver $100.00 us
Gold / Silver Ratio of 16
$4000.00 Gold = Silver $250.00
$3000.00 Gold = Silver $187.50
Gold / Silver Ratio of 8 ( This is the real correct gold / silver ratio )
Gold $4000.00 = Silver $500.00
One DECADE AGO .. The FED massive buying of $3.7 trillion took many years
This current MASSIVE FED BUYING of over $6 trillion going to take place in less than 9 months in 2020.
Silver is going to explode upward real soon, take advantage of any small pullback and load up.