Peter Schiff, the CEO of Euro Pacific Precious Metals, LLC has always been very generous sharing his knowledge on precious metal investment.The following are the summarized points in the 8 minutes video:
- Silver price broke out in August. Silver price has huge potential to shoot up much further. It is not too late to buy gold and silver.
- QE3 is officially announced in September. He knew QE3 was coming because of QE2. Right now, you have an incredible opportunity in silver.
- If you want to protect your wealth, you must buy gold and silver. Between now and then, there will be currency crisis.
- Many investor overlook silver. Don’t ignore the opportunity in silver. As good as the gold chart looks, silver looks even better. Silver is going to make a new high.
- For gold to get back to 2011 peak, gold has to rise 7%; for silver to get back to 2011 peak, silver has to rise 47%, just to get back to the previous high.
- Even IF gold price DO NOT rise, silver price has to rise 20% just to get back to the average past 25 years ratio.
- We have been in silver bull market for 12 years and it has a long way to run. Especially Ben Bernanke has promised to print money. Central banks will print money until the economy collapses.
- Right now silver price is $35, silver price will easily shoot up to $200.
