Categories
Gold & Silver

Top Canadian Silver Stocks

We will discuss the top Canadian silver stocks and provide our silver price forecast for 2021 and beyond. We will also look at why silver stocks and other forms of silver should be in your investment portfolio.

Silver Stocks to Watch

Many Investors Believe that Silver Stocks Will Perform Well in the Future

The top Canadian silver stocks have been overlooked for many years by investors. Moreover, precious metals have been unpopular and considered irrelevant. Since the 1990s, investors advisors have been recommending equities such as blue chip and now tech stocks for pensions and 401(k) investments. In short, this advice was largely correct. As a result, Wall Street has hit all-time price levels in the past 20+ years. However, things may have shifted in 2020. Consequently, could this be the time to invest in silver stocks?

Millionaire investor Doug Casey has been a proponent of owning the top Canadian silver stocks for decades. In fact, he has been investing in gold and silver mines for most of his life. During a recent interview, Casey discussed the political turmoil happening in the United States and rising gold prices.

“Look, there are quality small gold-mining companies run by really good, serially successful people that are geologists and mining engineers. That’s the kind of stuff you should buy. Buying major miners like Newmont and Barrick would also be profitable. But better to buy the next tier down — smaller, leveraged, growing. When these smaller gold stocks run, they can go 10 to 1 easily; some of them go 100 to 1. I’ve personally owned gold stocks that have gone 1,000 to 1… within just one gold cycle. So, this is the place to be, assuming I’m right about gold. I think I am.” -Doug Casey, The International Man

silver

If you are bullish on gold stocks, then you should be bullish on silver stocks as well. In fact, many gold mining companies also mine silver. Accordingly, here are some of the top Canadian silver stocks that may be worth considering:

Franco-Nevada (FNV)    

FNV is a leading gold and silver royalty and streaming company. It operates from Toronto, Canada. Founded in 2007, they provide investors with exposure to the gold and silver stocks while limiting risk in the investment. This company has historically done well during economic downturns and is positioned to reap the benefits of increases in silver prices.

Pan American Silver Corporation (PAAS CFD)     

One of the world’s largest silver mining companies, Pan American mines gold and silver. They are considered one of the leaders in the silver mining industry. Their silver stock price has performed well in 2020 and the expectation among many investors is that it will continue to grow.

First Majestic Silver Corporation (AG)   

First Majestic is an international silver miner based in Canada. They also have mining operations in Mexico. The pandemic of 2020 led to bottlenecks in silver production, causing share prices to decrease recently. However, many analysts believe the company is positioned to make a strong recovery.

Wheaton Precious Metals (WPM)

Wheaton is considered a leader in traded stocks in the United States. It is the world’s largest silver streaming company. Wheaton has contracts in gold, silver and palladium. Its debt level is considered manageable and the company maintains a solid cash flow. This Canadian silver stock company is headquartered in Vancouver, Canada.

Silver Crest Metals (SILV)

This is a junior silver stock and mining company that operates in Mexico. This one is probably considered riskier than the others detailed in this report. In fact, SilverCrest has only been listed on silver markets since March of 2018. However, it has shown continual price increases during this time period and may have future promise as an investment. This Canadian silver stock company is headquartered in Vancouver, Canada.

MAG Silver (MAG)

This is a smaller silver mining company that still trades on the NYSE. MAG has historically been a stable stock to own and has been increasing in price throughout much of 2020. Mining operations in Mexico are promising with low extraction costs and a lot of upside potential. This Canadian silver stock company is headquartered in Vancouver, Canada.

Market Bubbles Historically Destroy Markets and Smaller Investors

In 2000, Many Retirees Lost 50% of Their Investments When the Dot Com Bubble Burst

The Dot Com Bubble that began in March 2000 caused the S&P 500 Index to drop almost 50%. This bubble bursting lasted until 2007. That means that if you were planning to retire in 2000, and many of your investments were locked into a Wall Street 401(k) that fell 50%, you couldn’t retire. Many people at this time were forced to return to work because they couldn’t afford to retire.

Currently, Wall Street stock prices are at record-breaking levels. In late 2020, the Dow Industrial Average rose to an all-time high of 30,000. Prices are high, interest rates are low, and everyone is cheering the mania. The question is whether markets are overpriced in a bubble. Smart investors will see this as the time to get off the stock roller coaster and move to safer bets like some of the top Canadian silver stocks.

Current Pandemic and Subsequent Economic Crisis in the United States

According to Experian data, consumer debt has grown to around $14 Trillion in 2019. Debt for Americans has been increasing steadily since at least 2009. This debt includes things like credit cards, home loans, vehicle loans and student loans.

In addition, Americans are struggling financially right now because of COVID-19 shutdowns. Many people live paycheck-to-paycheck and have no savings. As a result, a sudden loss of employment caused them to face economic ruin or bankruptcy. Unemployment rates are estimated to be around 10-20%. This is the highest unemployment rate seen in decades.

Debt, Mortgages and Home Foreclosures in the United States

  • Total Debt to GDP for the United states is over 150%
  • The Federal Reserve currently owns approximately 30% of all mortgages in the U.S. today (over $2 Trillion)
  • US National Debt is now over $26 Trillion
  • Home foreclosures are beginning to increase

Alarming Trends at the Federal Reserve and Debt-to-GDP Ratio

the principles of finance with a clear plan to financial success. We will give you a guide for how to get out of debt, save money and invest for retirement.

Two alarming trends are that the debt to GDP ratio is at 150% and that the Federal Reserve Bank owns 30% of US mortgage securities. First, most experts agree that when the debt-to-GDP ratio climbs higher than 100%, you are in the economic danger zone. Historically, high debt-to-GDP ratios have ended badly.

Unfortunately, this is bad news for the United States economy. As a result, people’s investments and retirements could be badly damaged. So, what does an investor do to minimize risk and survive the upcoming economic depression? Let’s look at silver and some of the top Canadian silver stocks.

Many investors recommend including precious metals like silver in your investment portfolio. It’s important for everyone to own silver. Here we will discuss the history of silver and why everyone should own silver. Commodities such as silver (and gold) have stood the test of time. In fact, silver has been money for thousands of years. So, it makes sense to find the cheapest way to buy silver.

History of Silver

For thousands of years, silver bars and coins have been used as currency. Silver has the properties of money, which are portability, divisibility and tangibility. In fact, money was backed by silver and gold until 1933. Read more about the “US Dollar History: How the Dollar Became the World Reserve Currency” to learn more.

Why Everyone Should Own The Top Canadian Silver Stocks

Silver is Real Money: It is Tangible, Secure, Private and Maintains Its Value Against Inflation

Silver is real money, which is tangible and is backed by something of value. You can hold it in your hand. Silver cannot be taken from a bank account. Hackers cannot steal silver from your computer, like Bitcoin. Finally, silver is kept safely and privately in a secure location. And the top Canadian silver stocks are just as secure as regular tech or blue-chip stocks like Apple or Microsoft.

Real money is resistant to inflationary forces and has a value that is based on demand. First, silver has a long history of maintaining its value against the currency of the day. No matter what the value of a dollar is, one ounce of silver is always equal in value to one ounce of silver. In addition, silver maintains a special balance with the value of gold, which fluctuates.

What the Future Holds for Silver

We at Piggy Bank Coins believe that silver has a bright future. Holding a tangible asset such as silver will always be highly regarded by investors. Having the top Canadian silver stocks in your investment portfolio is considered by many to be a safe and secure option. It’s important to grow your wealth, but retaining a portion of your wealth is critical too. Silver is a real, tangible money that can be a store of wealth for a lifetime. We believe demand will continue to grow and that investors should continue to hold the top Canadian silver stocks.

Many market watchers predict that gold and silver stocks will trend much higher over the next few years for several reasons. First, analysts believe that demand for silver and gold will continue to increase for uses in technology, jewelry, money and various other uses. Second, many economists are concerned about world-wide debt rates increasing, which can lead to inflation. As economies struggle with increasing inflation, silver tends to increase in price relative to paper currencies. As a result, many smart investors move money to silver and gold portfolios.

Price Predictions: Top Canadian Silver Stocks

Most forecasters foresee silver climbing to around $30 per ounce in 2021. This is a modest increase that most expect. However, there are many more market experts who see prices going much higher into the $30-40 range. Although it is impossible to predict the future and know exact prices, it seems clear that silver is heading higher in the foreseeable future. And if hyperinflation ever hits the US Dollar, the top Canadian silver stocks and the silver price will reach hundreds or thousands of dollars per ounce.

Get a copy of the “Free Gold and Silver Buyer’s Guide” today. It’s free and has some great information in it about investing.

Wrap Up: Top Canadian Silver Stocks

Hopefully this article gave you a better idea of some of the top Canadian silver stocks. Canadian silver mining is well established in North America. In addition, this may the opportunity of the decade for investors.

If you want to learn about the history of money, check out Mike Maloney’s free “Hidden Secrets of Money” video series. It’s a silver of information that can help you better understand money and where the world stands today financially. Highly recommended!

Read More:

Top Silver Coins to Buy

Gold Bullion

Top Gold Coins to Buy

Goldmine Stocks

Value Investing Books

How Much Savings You Should Have at 40

Wealth Building Cornerstones

Real Estate Market Predictions

Why Saving Money is Important

Disclaimer: It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our top to keep things fair and balanced, in order to help you make the top choice for you.

Categories
Gold & Silver

Best Canadian Silver Stocks 2021

We will discuss the best Canadian silver stocks 2021 and provide our silver price forecast for 2021 and beyond. We will also look at why silver stocks and other forms of silver should be in your investment portfolio.

Silver Stocks to Watch

Many Investors Believe that Silver Stocks Will Perform Well in the Future

The best Canadian silver stocks 2021 have been overlooked for many years by investors. Moreover, precious metals have been unpopular and considered irrelevant. Since the 1990s, investors advisors have been recommending equities such as blue chip and now tech stocks for pensions and 401(k) investments. In short, this advice was largely correct. As a result, Wall Street has hit all-time price levels in the past 20+ years. However, things may have shifted in 2020. Consequently, could this be the time to invest in silver stocks?

Millionaire investor Doug Casey has been a proponent of owning the best Canadian silver stocks 2021 for decades. In fact, he has been investing in gold and silver mines for most of his life. During a recent interview, Casey discussed the political turmoil happening in the United States and rising gold prices.

“Look, there are quality small gold-mining companies run by really good, serially successful people that are geologists and mining engineers. That’s the kind of stuff you should buy. Buying major miners like Newmont and Barrick would also be profitable. But better to buy the next tier down — smaller, leveraged, growing. When these smaller gold stocks run, they can go 10 to 1 easily; some of them go 100 to 1. I’ve personally owned gold stocks that have gone 1,000 to 1… within just one gold cycle. So, this is the place to be, assuming I’m right about gold. I think I am.” -Doug Casey, The International Man

If you are bullish on gold stocks, then you should be bullish on silver stocks as well. In fact, many gold mining companies also mine silver. Accordingly, here are some of the best Canadian silver stocks 2021 that may be worth considering:

Franco-Nevada (FNV)    

FNV is a leading gold and silver royalty and streaming company. It operates from Toronto, Canada. Founded in 2007, they provide investors with exposure to the gold and silver stocks while limiting risk in the investment. This company has historically done well during economic downturns and is positioned to reap the benefits of increases in silver prices.

Pan American Silver Corporation (PAAS CFD)     

One of the world’s largest silver mining companies, Pan American mines gold and silver. They are considered one of the leaders in the silver mining industry. Their silver stock price has performed well in 2020 and the expectation among many investors is that it will continue to grow.

First Majestic Silver Corporation (AG)   

First Majestic is an international silver miner based in Canada. They also have mining operations in Mexico. The pandemic of 2020 led to bottlenecks in silver production, causing share prices to decrease recently. However, many analysts believe the company is positioned to make a strong recovery.

Wheaton Precious Metals (WPM)

Wheaton is considered a leader in traded stocks in the United States. It is the world’s largest silver streaming company. Wheaton has contracts in gold, silver and palladium. Its debt level is considered manageable and the company maintains a solid cash flow. Their headquarters are located in Vancouver, Canada.

Silver Crest Metals (SILV)

This is a junior silver stock and mining company that operates in Mexico. This one is probably considered riskier than the others detailed in this report. In fact, SilverCrest has only been listed on silver markets since March of 2018. However, it has shown continual price increases during this time period and may have future promise as an investment. Their headquarters are located in Vancouver, Canada.

MAG Silver (MAG)

This is a smaller silver mining company that still trades on the NYSE. MAG has historically been a stable stock to own and has been increasing in price throughout much of 2020. Mining operations in Mexico are promising with low extraction costs and a lot of upside potential. Their headquarters are located in Vancouver, Canada.

Market Bubbles Historically Destroy Markets and Smaller Investors

In 2000, Many Retirees Lost 50% of Their Investments When the Dot Com Bubble Burst

coming crack up boom

The Dot Com Bubble that began in March 2000 caused the S&P 500 Index to drop almost 50%. This bubble bursting lasted until 2007. That means that if you were planning to retire in 2000, and many of your investments were locked into a Wall Street 401(k) that fell 50%, you couldn’t retire. Many people at this time were forced to return to work because they couldn’t afford to retire.

Currently, Wall Street stock prices are at record-breaking levels. In late 2020, the Dow Industrial Average rose to an all-time high of 30,000. Prices are high, interest rates are low, and everyone is cheering the mania. The question is whether markets are overpriced in a bubble. Smart investors will see this as the time to get off the stock roller coaster and move to safer bets like some of the best Canadian silver stocks 2021.

Current Pandemic and Subsequent Economic Crisis in the United States

According to Experian data, consumer debt has grown to around $14 Trillion in 2019. Debt for Americans has been increasing steadily since at least 2009. This debt includes things like credit cards, home loans, vehicle loans and student loans.

In addition, Americans are struggling financially right now because of COVID-19 shutdowns. Many people live paycheck-to-paycheck and have no savings. As a result, a sudden loss of employment caused them to face economic ruin or bankruptcy. Unemployment rates are estimated to be around 10-20%. This is the highest unemployment rate seen in decades.

Debt, Mortgages and Home Foreclosures in the United States

  • Total Debt to GDP for the United states is over 150%
  • The Federal Reserve currently owns approximately 30% of all mortgages in the U.S. today (over $2 Trillion)
  • US National Debt is now over $26 Trillion
  • Home foreclosures are beginning to increase

Alarming Trends at the Federal Reserve and Debt-to-GDP Ratio

how much is a dollar worth

Two alarming trends are that the debt to GDP ratio is at 150% and that the Federal Reserve Bank owns 30% of US mortgage securities. First, most experts agree that when the debt-to-GDP ratio climbs higher than 100%, you are in the economic danger zone. Historically, high debt-to-GDP ratios have ended badly.

Unfortunately, this is bad news for the United States economy. As a result, people’s investments and retirements could be badly damaged. So, what does an investor do to minimize risk and survive the upcoming economic depression? Let’s look at silver and some of the best Canadian silver stocks 2021.

Many investors recommend including precious metals like silver in your investment portfolio. It’s important for everyone to own silver. Here we will discuss the history of silver, why everyone should own silver and the future price predictions. Commodities such as silver (and gold) have stood the test of time. In fact, silver has been money for thousands of years. So, it makes sense to find the cheapest way to buy silver.

History of Silver

For thousands of years, silver bars and coins have been used as currency. Silver has the properties of money, which are portability, divisibility and tangibility. In fact, money was backed by silver and gold until 1933. Read more about the “US Dollar History: How the Dollar Became the World Reserve Currency” to learn more.

Why Everyone Should Own Best Canadian Silver Stocks 2021

Silver is real money: It is Tangible, Secure, Private and Maintains Its Value Against Inflation

Silver is real money, which is tangible and is backed by something of value. You can hold it in your hand. Silver cannot be taken from a bank account. Hackers cannot steal silver from your computer, like Bitcoin. Finally, silver is kept safely and privately in a secure location. And the best Canadian silver stocks 2021 are just as secure as regular tech or blue-chip stocks like Apple or Microsoft.

Real money is resistant to inflationary forces and has a value that is based on demand. First, silver has a long history of maintaining its value against the currency of the day. No matter what the value of a dollar is, one ounce of silver is always equal in value to one ounce of silver. In addition, silver maintains a special balance with the value of gold, which fluctuates.

What the Future Holds for Silver

We at Piggy Bank Coins believe that silver has a bright future. Holding a tangible asset such as silver will always be highly regarded by investors. Having the best Canadian silver stocks 2021 in your investment portfolio is considered by many to be a safe and secure option. It’s important to grow your wealth, but retaining a portion of your wealth is critical too. Silver is a real, tangible money that can be a store of wealth for a lifetime. We believe demand will continue to grow and that investors should continue to hold the best Canadian silver stocks 2021.

Many market watchers predict that gold and silver stocks will trend much higher over the next few years for several reasons. First, analysts believe that demand for silver and gold will continue to increase for uses in technology, jewelry, money and various other uses. Second, many economists are concerned about world-wide debt rates increasing, which can lead to inflation. As economies struggle with increasing inflation, silver tends to increase in price relative to paper currencies. As a result, many smart investors move money to silver and gold portfolios.

Price Predictions: Best Canadian Silver Stocks 2021

Most forecasters foresee silver climbing to around $30 per ounce in 2021. This is a modest increase that most expect. However, there are many more market experts who see prices going much higher into the $30-40 range. Although it is impossible to predict the future and know exact prices, it seems clear that silver is heading higher in the foreseeable future. And if hyperinflation ever hits the US Dollar, the best Canadian silver stocks 2021 and the silver price will reach hundreds or thousands of dollars per ounce.

Get a copy of the “Free Gold and Silver Buyer’s Guide” today. It’s free and has some great information in it about investing.

Wrap Up: Best Canadian Silver Stocks 2021

Hopefully this article gave you a better idea of some of the best Canadian silver stocks 2021. Canadian silver mining is well established in North America. In addition, this may the opportunity of the decade for investors.

If you want to learn about the history of money, check out Mike Maloney’s free “Hidden Secrets of Money” video series. It’s a silver of information that can help you better understand money and where the world stands today financially. Highly recommended!

Read More:

Best Silver Coins to Buy

Gold Bullion

Best Gold Coins to Buy

Goldmine Stocks

Value Investing Books

How Much Savings You Should Have at 40

Wealth Building Cornerstones

Real Estate Market Predictions

Why Saving Money is Important

Disclaimer: It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our best to keep things fair and balanced, in order to help you make the best choice for you.

Categories
Gold & Silver

What is Gold Bullion?

We will discuss what is gold bullion, the history of gold, gold price predictions and why having gold as a part of your investment portfolio may be considered wise.

What is Gold Bullion?

Bullion is gold and silver that is officially recognized as being at least 99.5% pure and is in the form of bars or ingots. Bullion is often kept as a reserve asset by governments and central banks. – Investopedia.com

Diving Deeper: What is Gold Bullion Used For?

Gold bullion or gold bars are created from gold that has been mined from the earth. Bullion is typically heavier and larger than a gold coin. Gold bars can vary in size from as small as one gram to larger than 25 lbs. For example, a 1 kilogram bar of gold weighs approximately 2.2 lbs and is about the size of your iPhone. One kilogram of gold is valued at approximately $65,000!

You may be still asking, what is gold bullion and its purpose? The purpose of creating gold bullion is for easy storage. The gold bullion bars are easily stackable and transportable. Specifically, banks and governments can store the bullion in secure vaults easily and safely.

History of Gold

The use of gold as a commodity and as money dates back at least 4,000-6,000 years. Approximately 4,500 years ago, the Mesopotamian artisans made jewelry from gold. However, it’s believed that gold was being used even prior to this era. For example, gold was used as a construction material to decorate walls, burial sites and masks of cultures such as the Egyptians, the Greeks and the Romans.

What is Gold Bullion Used For? Trading and Exchange

It is believed that around 1,500 B.C. in Egypt, gold was being used as the official currency of exchange for merchants and traders. Shortly thereafter, gold took its place as the primary trading currency throughout the world. Mining for gold became a major industry world-wide. Coins made of gold were produced and distributed throughout Europe and Asia.

Gold Standard Dollars

Fast forward to the year 1792. The United States passed the Coinage Act which dictates that silver and gold will be used as the standard for valuing currency. The Act defined the U.S. Dollar as equivalent to 24.75 grams of gold and 371.25 grams of silver. The paper currency printed in the United States was officially backed and redeemable in silver and gold.

While individuals use gold coins for exchange, governments have historically used gold bullion or gold bars as a reserve asset. Gold bullion stored in vaults was considered to be the anchor that gave paper currency it’s strength. In fact, paper gold certificates in the United States used to have “payable in gold” stamped on them. This let users know that they could potentially redeem the piece of paper currency for real money – gold. These paper gold certificates were considered equal to other currencies in value until 1933 when the US Government took the Dollar off of the gold standard.

gold certificate

$10,000 Gold Certificate by National Museum of American History – Image by Godot13, Public Domain, Courtesy of Wikipedia.com

Then in 1971, the U.S. Dollar was devalued in price and the program of conversion of dollars back to gold for foreign countries was discontinued. In other words, U.S. Dollars were no longer backed by gold. The gold price forecast has always been upward and it continues today.

The Beauty and Utility of Gold

Shiny gold coins and jewelry have been considered beautiful for centuries. Women and men have donned gold jewelry for as long as we have kept track of history. From a physical perspective, gold is malleable and easily altered to make jewelry, coins or even thin sheets. Scientifically, gold is non-reactive and non-corrosive, both of which are highly desirable characteristics. Gold is even safe to use in the human body. For example, dentists have used gold for years to repair teeth.

Gold Bullion Has a Limited Supply and Growing Demand

The Supply of Gold Bullion Is Finite; Demand for Gold Includes Industry, Jewelry and Money

There is a limited supply of gold on Earth. Moreover, gold miners throughout the world have a finite quantity of gold available for mining. At some point, the amount of gold removed from mines will diminish and become zero.

At the same time, gold bullion demand continues to grow. For instance, gold has many uses in technology, jewelry, medicine and money. Jewelry made of gold has been popular for millennia. In addition, gold continues to grow in demand and popularity, especially in Asia. In fact, 70-80% of gold mined today goes to create jewelry. All of these factors influence the gold price forecast.

Also, there are many industrial uses for gold including electronics, aerospace and medicine. For example, gold is a very efficient conductor of electricity. This property is utilized in many electronic components such as cell phones and computers. In addition, gold is a superior element to work with in dentistry. More important, gold is non-reactive, malleable and has anti-bacterial properties.

Finally, gold bullion and gold coins remain in demand all over the world. Coins made of gold have been used for hundreds or thousands of years. They are easily recognizable and highly desirable. More importantly, gold coins have withstood the test of time and continue to be sought after in the 21st century. Real money is sound money. Obviously, gold is real, sound money.

Five Reasons to Buy Gold Bullion:

  1. Gold is a store of value. National currencies (even the U.S. Dollar) come and go. But Gold has been around for thousands of years as real money. 
  2. It is a liquid asset. Gold bullion (and other metals) can be easily bought and sold in most large cities around the world. It can be exchanged for most currencies this way.
  3. Gold bullion is a tangible asset. You can hold gold coins and gold bullion in your hand or put them in your safe. No waiting for the bank to open to get them. No worrying about destruction by fire or a hacker.
  4. It is a hedge against inflation. Gold tends to thrive during a crisis. Investors tend to jump into gold when stocks go lower.
  5. Gold bullion is private. No other asset offers privacy like a gold coin. A transaction in gold between you and another person is truly a private affair.

What is Gold Bullion Doing in Your Portfolio?

It is common to hold anywhere from 5-10% of an investment portfolio in physical gold bullion. In fact, there are some very large international investment portfolios that hold as much as 30% of assets in gold.

Buy Gold as Physical Coins/Bars or Gold Stocks

Investing in gold has never been easier. Gold merchants and brokerage firms are competing for your business online. If you want to purchase physical gold, you can do this at your local coin shop.

Another option for purchasing gold is buying online. Buying from a website has become more secure in recent years, but you must do diligent research to verify the buyer. Only buy from established suppliers that have been around for a long time and have positive feedback. Preferably you can get a recommendation from a friend.

Finally, buying gold stocks is just as easy as buying stock in GM or Amazon. Many online brokerage firms offer the ability to buy these shares for a reasonable fee. With the gold price forecast looking positive, now may be the best time to invest.

Future of Gold

Unemployment, Debt, 0% Interest and Fed Money Printing Drive Gold Prices Higher

We at Piggy Bank Coins believe that gold (and silver) has a bright future. Holding a real money asset such as gold will always be highly regarded by investors. In addition, having gold in your investment portfolio is considered by many to be a safe and secure option. It’s important to grow your wealth while minimizing risk. Specifically, gold is a real, tangible money that can be a store of wealth for a lifetime. If you are wondering what gold bullion is and whether it should be part of your portfolio, then read on.

We believe the gold price forecast indicates that demand will continue to grow and that investors should continue to hold gold and silver. With the political and economic instability created in the United States, gold prices will likely increase. For instance, investors will continue to move toward safe harbors. Make no mistake, gold is the safe harbor.

Second, since 1944 the US Dollar has operated as the world reserve currency. However, the US economy appears to be faltering with high unemployment, high national debt, near-zero percent interest rates and inflation from Federal Reserve money printing. As a result, investors will be looking for something safe to hold on to, and precious metals may be that rock.

The Gold Price Forecast Predictions

Four Gold Price Predictions: $2,300, $3,000-$8,000, $15,000 and $26,000.

Goldman Sachs raised its gold price forecast in July 2020. The investing firm believes that gold will hit $2,300 per ounce as investors flee other falling price investments such as real estate.

According to Jeff Clark, Senior Analyst at GoldSilver gold has a 95% likelihood of going higher in 2021. In addition, he is predicting $3,000-$8,000 gold in the next 5 years.

In an interview with Kitco News in mid-2020, Investor Jim Rickards predicts that gold will rise to $15,000 per ounce before 2025. He bases his prediction on inflationary forces.

In the same interview with Jim Rickards, Investor Peter Schiff predicted gold will rise as high as $26,000 per ounce. He bases his prediction on extrapolating DOW Jones trading values in relation to gold in 1932 and currently.

If you are still wondering what is gold bullion and should it be in my portfolio, then perhaps gold is not for you. However, many smart investors have used gold for centuries as a store of value and a hedge against inflation.

Wrap Up: What is Gold Bullion?

Hopefully we have answered the question of “What is gold bullion?” Furthermore, you may now better understand the history of gold, gold price predictions and why having gold as a part of your investment portfolio may be considered wise.

Learn More about Gold and Silver

Get a copy of the “Free Gold and Silver Buyer’s Guide” today. It’s free and has some great information in it about investing.

If you want to learn about the history of money, check out Mike Maloney’s free “Hidden Secrets of Money” video series. It’s a goldmine of information that can help you better understand money and where the world stands today financially. Highly recommended!

Read More:

Best Silver Coins to Buy

Best Gold Coins to Buy

The Cheapest Way to Buy Silver

Wealth Building Cornerstones

Best Investing Books of All Time

How to Become a Millionaire from Nothing

How Much Savings You Should Have at 40

Disclaimer:

It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our best to keep things fair and balanced, in order to help you make the best choice for you.