Precious Metals Super Cycle Expected to Last for Years, Steele Said
According to Steele, frustrated investors “are looking for high risk and high returns, but there’s also a search for traditional safe-haven assets such as gold and silver, which offer high returns but also offset losses from volatile markets and inflation.”
A member of the Harvard Business School analytics program, Steele said he’s been carefully evaluating what most people recognize as extraordinary economic developments that have unfolded during the pandemic. He concluded that the nation is at the outset of another historic gold and silver supercycle that will last for years.
Steele recently updated his 36-month price targets for gold and silver to $5,000 per ounce and $125 per ounce. If gold and silver prices reach those targets, it would mean a rise in gold and silver by 150% and 350%, respectively, from present levels.
“A Great Rotation to gold and silver prices is underway, and there’s no reason to miss out,” Steele said. “This is a momentous event, and I want to make sure everyone knows about it.”
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