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| Name | 1000% Increase in SILVER Demand! Your Gold & Silver Is About to Become Priceless - David Morgan |
| Video Uploader | Video From Money Sense |
| Upload Date | This Video Uploaded At 07-07-2024 13:00:41 |
| Video Discription | 1000% Increase in SILVER Demand! Your Gold & Silver Is About to Become Priceless - David Morgan At the start of 2024, the silver price struggled to maintain its gains due to anticipated slowing industrial demand. However, the precious metal began to rally in the second quarter, even as it became clear that the US Federal Reserve intended to maintain higher interest rates for an extended period. Currently, the price of silver has surged by more than 22% in 2024, driven by increasing global demand for the metal. David Morgan, a widely recognized analyst in the precious metals industry, predicts that silver demand as a monetary asset will rise as gold becomes more expensive, making silver more accessible during inflationary periods. The Silver Institute forecasts global silver demand to hit 1.2 billion ounces in 2024, driven primarily by robust industrial usage. Due to strong demand, silver prices are anticipated to reach 30 dollars per ounce, which was last seen in February 2013. Despite substantial growth in silver's industrial demand over the past two decades, Morgan points out that the near doubling of supply from 550 million ounces to 1 billion ounces has balanced the market. He uses this to illustrate that if the supply remained flat, industrial demand alone would consume the entire silver market. The balance between demand-supply would be a significant driver for prices. As per the Silver Institute data, global silver demand outpaces supply. Silver demand has increased by 38% since 2020, while mine production recorded a shortfall. Meanwhile, the analyst underscores that the current bond offering 12% returns in silver presents a stable investment opportunity compared to the historical CAGR, underscoring its appeal to wealthy investors. David Morgan contrasts North American investor sentiment, soured by gold's extended downtrend since 2011, with proactive foreign investor responses to dollar weakness and emerging currency alternatives. He anticipates these dynamics will catalyze a substantial upturn in precious metals, driven by a potential shift away from fiat currencies. Now, after the Federal Reserve quietly admitted gold is replacing the US dollar, the International Monetary Fund has warned of a "striking" decline in the US dollar's share of allocated foreign reserves of central banks and governments. Since late 2022, the BRICS alliance has accumulated tonnes of gold worth billions of dollars in its reserves. The World Gold Council reported that China is the largest buyer of precious metals, followed by Russia and India. While shifting toward the next aspect, Morgan notes the rising credibility of BRICS countries and their potential to trade. He highlights concerns over the rule of law in China and emphasizes that innovation primarily originates from free-market economies, with contributions from other nations. Follow on X: https://twitter.com/MoneySense_Off "Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals. Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips" We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news. We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video! #gold #goldpriceprediction #davidmorgan |
| Category | Howto & Style |
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