#Silver Making Up Lost Ground vs. #Gold As Prices Surge Past $20

Citigroup sees prices rising to $25 in the next six to 12 months, with the potential for $30 based on the bank's bull case.

Spot silver powered through $20 an ounce Tuesday and is trading near a four-year high. The cheaper metal has outpaced gold's own gains this month, and holdings in silver-backed exchange-traded funds have increased for 12 straight weeks to a record.

"Silver is now leading the charge"

https://www.bloomberg.com/news/articles/2020-07-21/it-s-silver-s-turn-to-shine-as-prices-surge-to-four-year-high?sref=VxHCy32x

#Gold #MiningStocks Are Hot. Everyone wants your hard earned dollars. Don’t get sucked in - keep your eyes on the prize. 💸

From Cambridge House: 

The gold market is hot.

A lot of companies are going to ask for your hard earned dollars. And trust me - they will all be "world class opportunities."

Don't get sucked in - keep your eyes on the prize.

There will be no shortage of deals. But it will be difficult to separate the top 5% from the rest.

You need to be extra careful not to be promoted into the next "can't miss deal". The FOMO of missing that great opportunity is real - nobody wants to be left on the sidelines watching other people make money.

But there is a far worse scenario - tying up your cash in "B Grade" companies, and having to take a pass when the "AAA" hits your desk because you are out of dry powder.

Missing a winner means you still have the cash in your pocket. Picking a looser means the opposite. Always remember - a new bus leaves every 15 minutes.

Will gold hit $2000? Probably. Will there be a terrifying correction first? Highly likely. If that occurs, I don't want to be loosing sleep because I made questionable decisions. 

More importantly, if that correction comes, I want to have cash on hand to take advantage.

Read the rest of the post on Cambridge House here.

In 2020 #Gold remains the best performing major financial asset in the world

In 2020 Gold remains the best performing major financial asset in the world, returning between 15.42% in CHF and 24.8% in GBP. (As of July 16, 2020)

Gold has had an incredible run over the last 15 years as measured in most major currencies.

Returns have averaged between 9-13.9%, with most averaging +10%. (As of July 16, 2020)

Gold Price Performance: Gold Price, USD, EUR, GBP, CHF, JPY, AUD, CAD, CNY, Gold