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      "title": "Silver Price Forecast 2026: Michael Oliver on Reaching $500 per Oz – Money Metals Interview",
      "body": "![silver-price-forecast-2026.webp](https://cdn.steemitimages.com/DQmPTjxD9sKw1n2db78f86x4Vo1HjJujpw69Rm7tV7ZpbLa/silver-price-forecast-2026.webp)\n\nOn a recent episode of the [Money Metals](https://steemit.com/moneymetals/@moneymetals/money-metals-launches-extensive-line-of-gold-and-silver-bullion-products) podcast, host Mike Maharrey sat down with veteran market technician J. Michael Oliver, commonly referred to as simply [Michael Oliver](https://www.olivermsa.com/about-msa.html), to unpack why he believes silver is breaking out of a half-century “box” and entering a radically new price regime.\n\nOliver, who entered the futures business in April 1975 and later developed his proprietary Momentum Structural Analysis (MSA), argued that the current move in monetary metals isn’t a normal bull market. In his view, familiar “overbought” rules and tidy profit-taking instincts are exactly how investors get shaken out before the real acceleration begins.\n\n## Who Is Michael Oliver, and What Is Momentum Structural Analysis?\n\nOliver said he began as a futures broker at [EF Hutton](https://en.wikipedia.org/wiki/EF_Hutton) in New York in the mid-1970s and learned old-school bar-chart technical analysis early in his career. In the early 1980s, he started building his own approach, which he later formalized as Momentum Structural Analysis.\n\nHe launched MSA in 1992, initially serving institutional clients. In 2015, he opened the service to retail subscribers.\n\nHis key claim is simple - momentum tends to break first.\n\nInstead of watching price alone, Oliver converts price into a momentum-style oscillator that measures how far price is above or below an average. He says those momentum structures form their own floors, ceilings, and trendlines—and major turns often show up there before they become obvious on [price charts](https://www.linkedin.com/pulse/money-metals-spot-prices-your-go-to-source-real-time-precious-jvqre).\n\n## Why Oliver Thinks Gold’s Bull Market Still Has Much Higher Targets\n\nOliver used gold as a framing device for the bigger thesis. Most people underestimate how large percentage moves can be in monetary metals.\n\nHe referenced gold’s 1976 corrective low near 100 and the 1980 peak near 850, which he described as a roughly eightfold gain. He then pointed to the 2001–2011 bull market, which also produced an approximately eightfold rise, culminating in gold’s 2011 peak around $1,920.\n\nAgainst those historical comparisons, Oliver argued the current cycle—starting from the $1,050 bear-market low—has only delivered roughly a fourfold increase so far.\n\nIf [gold](https://vocal.media/trader/gold-loan-buying-and-storage-in-the-usa-a-complete-guide-for-the-indian-community) merely matched prior eightfold gains, he suggested a reference point around $8,500. He implied the current macro backdrop could justify even more than that, but used the $8,000–$8,500 range to challenge the idea that gold is “overdone.”\n\n## The Silver Breakout: Why $90+ Doesn’t Mean “Bubble”\n\nMaharrey noted that silver had pushed above $90 and that many listeners were asking if the move was too fast, too vertical, and therefore a bubble. He said he regularly hears from people asking whether they should take profits.\n\nOliver’s answer was blunt… this is exactly how people miss the move.\n\nHe said his team began arguing about six months earlier that silver was poised to accelerate after approaching $35 for the third time, including attempts around October 2024 and March 2025, both of which failed before the market finally broke higher.\n\nIn Oliver’s view, silver wasn’t just moving up. It was breaking out of an entire historical regime.\n\n## The Silver-to-Gold Ratio Signal Oliver Says People Missed\n\nThe centerpiece of Oliver’s case was [silver’s relationship to gold](https://vocal.media/trader/when-should-you-buy-gold-and-silver).\n\nHe described measuring the silver-gold spread by dividing gold by silver and expressing the relationship as a percentage. He said silver was around 1% of the price of gold early in the year and then surged—especially in April and May—effectively doubling its relative value from that depressed level.\n\nHe pointed to prior historical spread peaks for context.\n\nHe cited about 6.5% during the 1979–1980 silver run and about 3.1% during the 2011 peak, describing those as monthly peak closes.\n\nThen came the crucial technical event. Oliver said a ceiling in that spread that extended back roughly 10 years was broken in October and November. After that, he argued, silver’s price didn’t just rise—it went vertical.\n\nHe compared the setup to summer 1979, when he said silver nearly quintupled over the next five months, and to September 2010, when he said silver rose roughly “two and a half” times over the next six months.\n\n## Silver Price Prediction: “A Couple Hundreds,” and Possibly $300 to $500\n\nOliver argued that silver is no longer bound by the old $40–$50 range that contained the market for about half a century.\n\nIn the next handful of months, he said he expects silver to reach “the couple hundreds,” with a [realistic possibility of $300 to $500](https://moneymetalsexchange.medium.com/silver-to-500-michael-olivers-breakout-warning-8674cba8fe6c).\n\nHe also said the historic silver-gold ratio ranges—3.1% and 6.5%—could be challenged or exceeded. His point was that even if gold only moved to something like $8,000, those percentage relationships imply [silver prices](https://www.moneymetals.com/silver-price)\n that would shock investors who sell simply because the chart “looks overbought.”\n\n## Copper and Lead: Why Silver Could Repeat a “New Reality” Breakout\n\nTo make the idea of a “new reality” breakout more believable, Oliver pointed to other commodities that spent decades trapped in ranges and then abruptly repriced higher.\n\nHe said copper was capped for decades at around $0.50 to $1.50 before breaking out in late 2005 and running to about $4.50 within several quarters.\n\nHe also said lead stayed range-bound for decades and then in 2007 “quadrupled plus” in several quarters after breaking out.\n\nHis point wasn’t that silver is copper or lead. His point was that once a long-held ceiling breaks, markets can destroy conventional ideas about overbought levels and measured moves.\n\n## Why the “$95 Target” Mindset Is the Wrong Lens\n\nOliver argued that most people do the math in a way that automatically caps their expectations.\n\nOn an arithmetic chart, silver’s historical range from roughly $4 to $50 looks like a $45 box. So investors project $45 higher and see $95–$100 as the natural stopping point.\n\nOliver said that’s not the real dimension.\n\nOn a logarithmic scale, going from $4 to $50 is more than a tenfold move. And he noted that silver achieved a comparable tenfold-type move twice over the past 50 years.\n\nBy that logic, he argued that a similar move above $50 implies something like $500—numbers that sound impossible only until the market reprices and forces everyone to adjust.\n\n## CPI vs M2: Why Oliver Thinks Money Supply Tells the Real Story\n\nMaharrey mentioned that some skeptics were using CPI comparisons to argue silver had overshot fundamentals. Oliver rejected CPI as an inflation yardstick.\n\nHe said M2 is the better metric and described M2 as parabolic.\n\nMaharrey agreed and noted he’s been hammering that point for months, even as some people refuse to accept it.\n\nOliver suggested that when people finally understand the degradation of the currency unit, they’ll realize that a doubled stock price over a decade might not represent real gains—just a reflection of a declining measuring stick.\n\n## The Real Catalyst: A Government Bond Crisis, Not a Normal Cycle\n\nOliver widened the lens beyond metals and into systemic risk.\n\nHe argued the West is facing a government debt crisis, not another mortgage-style shock like 2007–2009. In his view, U.S., Japanese, and European/UK debt markets are all vulnerable, and any major break could ripple across the entire financial system.\n\nHe cited a comment he attributed to the head of the New York Fed in November, saying they would start “buying bonds,” ostensibly to provide liquidity. Oliver interpreted that as support.\n\nHe also warned about the U.S. 30-year bond, saying 30-year T-bond futures were around 116, with a crash low around 117 in October 2022. He argued the market has been stuck near the floor for years, and said a drop toward 111 would be “flush city” by his technical measures—potentially triggering an emergency in the government bond market.\n\n## Oil Could Shock Everyone Next, Oliver Warns\n\nNear the end of the conversation, Oliver flagged oil as an underappreciated risk.\n\nHe said if oil moves above $63 during the quarter—especially on a monthly close—his momentum structures suggest the potential for a sharp upside run. He floated a 50% surge in oil and said it may not even need a news catalyst.\n\nIn his view, it would be a technical “ambush” that hits consumers directly at the gas pump.\n\n## Manipulation, Reversion, and Silver’s Coming “Tantrum”\n\nMaharrey asked why silver stayed trapped in an old pricing regime for so long. Oliver said he couldn’t fully explain it, but noted the long-standing argument that silver has been manipulated.\n\nHe suggested that if suppression has been real, the unwind could be violent. When markets are forced away from reality, he argued, they often overcorrect when the restraint breaks.\n\nThat’s why he expects silver not only to reprice, but to overshoot—because the market is correcting decades of distortion in a short, explosive window.\n\n[![Stefan Gleason](https://res.cloudinary.com/jerrick/image/upload/c_thumb,h_108,pg_1,q_60,w_108/676ecaf472b783001d092517.jpg)](https://vocal.media/authors/stefan-gleason)Written by Stefan Gleason",
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      "title": "Money Metals Launches Extensive Line of Gold and Silver Bullion Products",
      "body": "![Money Metals Line of New Bullion Products](https://www.moneymetals.com/uploads/content/money-metals-launches-extensive-line-of-gold-and-silver-bullion-products.png)\n\nMoney Metals Exchange, [a national leader in precious metals investing](https://www.linkedin.com/company/money-metals) and [sound money advocacy](https://www.soundmoneydefense.org/about-us), is proud to announce the launch of its exclusive line of [Money Metals](https://medium.com/@moneymetalsexchange/about) gold and silver bullion products. \n\nThis new lineup provides investors and collectors with an [affordable option to acquire physical precious metals](%20https://sites.google.com/site/moneymetals/) like gold and silver, increasing their holdings with greater variety, flexibility, and style.\n\nWhether you are a seasoned collector or investor in precious metals, or just getting started, the Money Metals branded line offers a cost-effective option for everyone. These exclusive products are designed not only to store value securely, but also to [lower the costs and barriers to entry](https://www.instagram.com/moneymetals/reel/C8x1nh4vRxq/) traditionally associated with buying gold and silver.\n\nAn added benefit of investing in Money Metals branded gold bullion and silver bullion products is that there is a lower *premium*, which is the cost above the gold spot price or silver spot price that companies charge to do business. \n\nWhen investing in *bullion*, which refers to *pure* precious metal products, there's no speculative markup like that added by most “rare” coin dealers whose ads dominate cable television.  \n\n## Want to buy gold at a lower cost?\n\nPeople sometimes say, “I cannot afford to buy gold because I don’t have that much cash to buy an ounce.” \n\nThis is where Money Metals’ fractional-size gold bars and rounds play a role.\n\nAcquiring fractional gold, items weighing less than one troy ounce, makes the yellow metal more accessible to investors. Fractional gold lowers the barrier to entry, making it accessible for everyone. \n\nMoney Metals’ gold options include gold bars with gold weights as little as ½ gram, but also include weights of 1 gram, 1/100 ounce, and 1/10 ounce. \n\nAdditionally, Money Metals offers a proprietary one-ounce gold bar that can help you save more on premiums. \n\nOverall, Money Metals gold bullion bars offer the best deal for investing in gold with lower premiums and higher rewards. With such an unprecedented line of low-cost, high-value, products with [the potential of a greater return on investment](https://www.youtube.com/@Moneymetals), it’s no wonder more people are suggesting buying Money Metals gold bars. \n\n## Want to buy gold coins at a lower cost?\n\nMoney Metals offers privately minted gold rounds that look like gold coins but are lower cost than government-minted ones, helping you save money. \n\nThe Money Metals gold rounds come in a variety of weights, including 1/100 ounce, 1/20 ounce, 1/10 ounce, ¼ ounce, and ½ ounce. And, just like the gold bars, there is a 1-ounce gold round option that helps save on premiums when compared to traditional 1-ounce gold coins.  \n\nThe precision-struck details of these gold rounds make them exquisite to look at, while maintaining their gold melt value for the long term. These are high-quality gold bullion rounds with exceptional luster, offered at a bargain price.  \n\n## Want to buy silver at a lower cost?\n\nAs with any investment portfolio, it is a good idea to diversify your investments. The same is true with a precious metals investment portfolio. Investing in silver in addition to gold is an excellent way to maximize your investing efforts.  \n\nIncluded in the Money Metals exclusive line of products are silver bars and silver rounds. Because silver tends to be far more affordable for most people than gold, these Money Metals silver bars come in larger sizes.\n\nAmong the Money Metals silver bars are weights including 1 ounce, 5 ounces, 10 ounces, 1 kilo (1 kilogram), and 100 ounces.\n\nMoney Metals’ branded silver bullion bars are perfect for silver stacking and storing away, whether in your home safe or at Money Metals Depository. These Money Metals silver bars are an extraordinary deal.   \n\n## Want to buy silver coins at a lower cost? \n\nMuch like privately minted gold rounds that save money when compared to government-issued gold coins, silver rounds will help you save money when compared to silver coins. \n\nOne key difference between rounds and coins is that rounds do not have a legal tender face value like coins do. Instead, rounds are valued for their metal content instead of a supposed numismatic coin collecting value. The benefit of this key difference is that you are putting your money into actual metal, not a story. \n\nWhat’s extra exciting about silver rounds is that they look and feel a lot like a standard silver coin, so you can enjoy the aesthetic of coinage at a lower cost. \n\nMoney Metals’ most popular designs include the Walking Liberty, Mercury (Liberty Head), Morgan, Buffalo, Saint Gaudens, Gadsden flag, and other designs.     \n\nMoney Metals’ exclusive silver rounds come in both fractional and non-fractional sizes, including 1/10 ounce, ¼ ounce, ½ ounce, 1 ounce, 2 ounces, and 5 ounces. \n\nWith such a dynamic product line, Money Metals' exclusive products make it affordable and cost-effective for anyone to start investing in gold and silver. These low-cost, high-value, precious metal items are also an exceptional gift option for loved ones.\n\nVisit MoneyMetals.com to check out the Money Metals branded line of gold bars, gold rounds, silver bars, and silver rounds.",
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      "body": "@@ -611,16 +611,17 @@\n ge%0A%0AThe \n+%5B\n gold mar\n@@ -623,16 +623,71 @@\n d market\n+ %5D(https://sites.google.com/site/goldpricepredictions/)\n  is flir\n",
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      "body": "Money Metals News Alert\n\nSeptember 7, 2021 – Precious metals markets enter the holiday-shortened week by giving back some of last week’s gains.\n\nGold and silver prices rallied strongly last Friday following the release of a disappointing jobs report. Evidence of a significant slowdown in the pace of hiring now puts pressure on the Federal Reserve to forestall any tapering or monetary tightening.\n\n\n![Precious-metals-update-September-7-2021.jpg](https://cdn.steemitimages.com/DQmShV7RE5z7caeguDDbC7iHfEoNvTzUfuoChkp1YUdEpaE/Precious-metals-update-September-7-2021.jpg)\n\nBy Stefan Gleason, Money Metals Exchange\n\nThe gold market is flirting with a breakout to the upside. Prices have rallied more than $100 since putting in a seasonal low in August.\n\nMore importantly, gold has shown signs of strength and is acting like it wants to break through this summer’s technical congestion to potentially make a run at $1,900/oz in the weeks ahead.\n\nA major gold rally could signal trouble for financial markets.\n\nThey have managed to avoid any significant problems this year after a turbulent 2020.\n\nBut as valuations become stretched while inflation runs hot and economic conditions deteriorate and, risks are on the rise for holders of U.S. stocks and bonds.\n\nFriday’s employment report showed jobs growth coming up short of expectations at the same time as wages are rising at a better than 4% clip.\n\nThe kind of scenario where hiring slows while wage hikes and other inflation pressures persist is a symptom of stagflation – a very difficult environment in which to invest in conventional financial assets.\n\nLast week, former “bond king” Bill Gross warned that stocks and bonds could become tantamount to garbage.\n\nGross retired as manager of the world’s biggest bond fund in 2019, so he is now free to pontificate without concern as to whether his words upset regulators or institutional investors.\n\n“Cash has been trash for a long time, but there are now new contenders,” Gross wrote. “Intermediate to long-term bond funds are in that trash receptacle for sure, but will stocks follow? Earnings growth had better be double-digit-plus or else they could join the garbage truck.”\n\nGross sees inflation, coupled with waning demand for Treasuries by foreign central banks, forcing bond yields to rise. That, in turn, could cause equities to be repriced for a more a difficult earnings environment.\n\nIf even Treasuries and blue-chip stocks fall toward “junk” status, and cash remains trash, then how can investors prevent their portfolios from going into the dumpster?\n\nOne obvious thing they can do is load up on alternative asset classes, including physical precious metals. They might even consider an entirely different kind of “junk” that is anything but garbage.\n\nPre-1965 90% U.S. silver coins are often referred to as “junk” silver.\n\nThese formerly circulated dimes, quarters, and half-dollars may show a bit of wear and tear. But their silver content is just as valuable as the silver used in newly minted bullion products.\n\n“Junk” coinage is one of the most cost-effective ways to accumulate physical metal.\n\nIt’s also one of the handiest for those who prefer to have some unit sizes that are smaller than full-ounce coins.\n\nBargain hunters may also be able to get great pricing on gold coins, rounds, or bars that have been scratched or dinged.\n\nRegardless of which forms and sizes of bullion you prefer to own, anytime you convert U.S. currency into hard money, you’re effectively turning trash into treasure.\n\n\nStefan Gleason is President of Money Metals Exchange, the national precious metals company named 2015 \"Dealer of the Year\" in the United States by an independent global ratings group. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC, and his writings have appeared in hundreds of publications such as the Wall Street Journal, Detroit News, Washington Times, and National Review.",
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      "body": "Physical Silver Premium Drops to Lowest Point Since Corona Virus Pandemic Scare.\n\nhttps://steemit.com/silver/@antinea/physical-silver-premium-drops-to-lowest-point-since-corona-virus-pandemic-scare\n\n![image.png](https://cdn.steemitimages.com/DQmeRTFxXWu2LJJf3wvTPChmFiabKihV4WUH6sZUtLeaUKB/image.png)",
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      "permlink": "gold-and-silver-price-update-august-31-2020-money-metals-exchange",
      "title": "Gold & Silver price update - August 31, 2020 - Money Metals Exchange",
      "body": "![Precious metal prices - August 31,2020](https://pbs.twimg.com/media/EgxGKmtXgAALY_S?format=jpg&name=900x900)\n\n**August 31, 2020** – Metals prices rose last week as the Federal Reserve Note headed south once again. The DXY index had its first weekly close below 93 since 2018.\n\nCheck Gold and Silver prices here: [https://www.moneymetals.com/precious-metals-charts/](https://www.moneymetals.com/precious-metals-charts/)\n\nWorse is yet to come for the greenback. Jerome Powell and the FOMC are moving heaven and earth to weaken the dollar and increase price inflation.\nInvestors responded by buying gold and silver. As wise investors say, don’t fight the Fed.\n\nThe end of the summer quiet season is approaching, and this fall promises to be particularly active in the markets. Investors will have plenty to deal with; a highly polarized Presidential election, social unrest, and the ongoing COVID-19 scare with its economic implications.\n\nThis week’s schedule for economic data includes key reports on manufacturing and the monthly jobs report. Economists are looking for continued recovery, albeit from the much lower COVID-19 levels.",
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      "parent_permlink": "silver",
      "author": "moneymetals",
      "permlink": "usd2-100-gold-and-usd30-silver-now-what",
      "title": "$2,100 Gold and $30 Silver. Now What?",
      "body": "*By David Smith, [Money Metals Exchange](https://t.co/6sSpQXUOve)*\n\n\n**On August 7, [gold in U.S. dollars](https://money-metals-exchange.business.site/posts/6896566278179584408)**, notched its all-time nominal high of $2,089 (It's been printing new highs in many other currencies for quite awhile now.)\n\n[Silver peaked](https://twitter.com/i/events/1166052490082705408) (so far) at $29.92. After a few days of attempting to scale $30, it gave up the ghost and dropped a stunning $4.90 intraday, closing down $3.20.\n\nNot satisfied with punishing the bulls during the day session, silver proceeded to drop another $2.30 in overnight Forex trading, but next day opened virtually unchanged just below $26!\n\nThus far, it's certainly lived up to its reputation popularized by David Morgan who has famously said that \"Silver will either wear you out or scare you out!\"\n\nThose who were late to the game (within the last few weeks), found their positions either underwater or at best, break-even.\n\nEven more so, pity the leveraged metals' ETF speculators who bet with options or futures.\n\nWhen the margin clerk contacts you, it's time to instantly pay up or be closed out by your broker - no excuses!\n\nThis is where those who principally hold physical gold, silver, and platinum in hand (preferably not in a bank box), or in a secure storage facility like Money Metals offers, and who take the longer view, get to sleep easily at night.\n\nSome investors have made several large buys over a few years; many have dollar cost averaged by the month or quarter; and still others had the courage to buy into declines when weak hands were selling out or afraid to buy.\n\nMy guess would be that most who read this column are in one of these accumulator sub-categories.\n\nThey decided how much they wanted to acquire, earmarked the funds, and activated their plan without paying a lot of attention to what the herd might be doing. They are investing professionally.\n\nAnd if we're right about the size and duration of the current bull run, which saw record high gold prices and a virtual doubling of silver in just the last few months, these fortunate \"stackers\" are going to be quite happy in the coming months and years with the result of their efforts.\n\nDon't be too concerned about large nominal price swings.\n\nIn fact, I can tell you with a fair degree of certainty, that \"You ain't seen nothin' yet,\" whether in terms of the coming intraday/overnight price (volatility), or in regard to the ultimate high these increasingly precious – and scarce – metals are ultimately going to reach. You've no doubt heard analysts speak of \"three-digit silver\" and $8,000-$15,000 gold.\n\nFor my money, this kind of talk may not be all that far-fetched.\n\nIt would not take a societal collapse, civil war, or regional conflict among nations to bring it about either.\n\nThe massive debt incurred by our Federal, State and local level \"leaders,\" not to mention most other countries' governments around the world, added to declining new metals' discoveries, shrinking ore grades and lengthy mine development lead times post-discovery, have the potential to bring these lofty prices into view all by themselves.\n\nBut the biggest reason you should want to have a solid position in physical metal, is that it serves as an \"insurance offset\" against a value decline in other assets you hold, and against the devaluation – stated as public policy by our government – which guarantees to make every dollar in your pocket worth 4-10% less each year, as far as the eye can see. You're holding real \"money\" simply by receiving it in exchange for some of your \"paper promises.\"\n\nWhere could metals turn around toward new highs? If the price declines lately are just \"corrective\" in nature, where might their drop find chart support?\n\nTwo charts below, utilizing highly predictive Fibonacci Retracement percentages, courtesy, Peter Degraff, can offer us some clues.\n\n![Gold price August 2020]( https://www.moneymetals.com/uploads/content/gold-price-200810.jpg)\n\n![Silver price August 2020](https://www.moneymetals.com/uploads/content/silver-price-200810.jpg)\n\nPrices could certainly plumb even lower without disrupting the bullish case, but these figures do offer a magnetic frame of reference, to which millions of traders around the world pay attention daily.\n\nWhen might the next leg up get underway?\n\nTechnical Analyst, Gary Savage, who has a good record of ironing out such things, has stated in the public space that an intermediate (weeks to months) term correction is underway. He feels that the final washout (as low as $1,700?) \"could be another six to eight weeks out.\"\n\nBut then there's this: During the evening of August 12, both gold (-$76) and silver (-$2.30 ) declined sharply, stopped near initial downside targets, then turned around in just one session.\n\nWhat this could mean is that, just like how Mr. Market fooled most people who thought that silver would struggle for the rest of the year to get through multiple resistance areas between $20 and $26, let alone almost touch $30. Then look what happened in less than a month?\n\nAnd even more amazing, how about gold? Cutting through its all-time US$ high at $1,923 and notching several closes above $2,000 soon thereafter!\n\nWhat this tells me is that trying to predict when or where a given price point is going to be reached with these \"restless metals\" is about as risky as not buying any in the first place.\n\nYes, normally, we could expect a two month \"consolidation/washout\" of weak hands, before new tries to take out $30. But were the last six weeks normal? In a vibrant bull run like this, virtually anything is possible, and it behooves both you and me to keep that sort of thing foremost in mind.\n\nFor sure, if you're one of those people who either have not purchased as much as you want – higher premiums notwithstanding – or still have not even begun to accumulate, then, pray tell, why not?\n\nThe late Jesse Livermore, one of the most famous speculators who ever lived, once said, \"It was never my thinking that made me the big money, it was being right and sitting tight, got that!\"\n\nYes, maybe you'll have another six weeks to get your metals' shopping done before we see gold above $2,000 again and silver above $30. But then again, maybe not...\n\nEither way, the big swings we're seeing may be offering one of the last and best opportunities you're going to presented with for quite some time to come.\n\n*David Smith is Senior Analyst for TheMorganReport.com and a regular contributor to MoneyMetals.com. For the past 15 years, he has investigated precious metals’ mines and exploration sites in Argentina, Chile, Mexico, Bolivia, China, Canada, and the U.S. He shares his resource sector findings with readers, the media, and North American investment conference attendees.*",
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      "body": "It terms of Fiat Money the Melt Value of Gold will become Stable at $3,500.00 per ounce and the Melt Value of Silver become Stable at $350.00 per ounce...  This will all happen in the very near Future...\nAugust 10, 2020...  10.1  Hollywood Time...",
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      "body": "@@ -27,33 +27,32 @@\n  Metals Exchange\n-!\n %5D(https://t.co/2\n@@ -77,17 +77,16 @@\n r prices\n-!\n %5D(https:\n",
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      "permlink": "silver-may-be-overextended-but-it-s-still-cheap",
      "title": "Silver May Be Overextended – But It’s STILL Cheap",
      "body": "By Stefan Gleason,  [Money Metals Exchange!](https://t.co/270cYFkV1h)\n\n[Silver prices!](https://twitter.com/i/events/1166052490082705408) aren’t just rising; they’re erupting!\n\nSilver has been ascending at a far steeper rate than the climactic move of 2010-2011 which briefly brought prices back up to all-time nominal highs.\n\n![silver-price-200807.jpg](https://cdn.steemitimages.com/DQmcTA3FB3UCTtPrvyCHrUm33vXWQr1tkf51NeciEJiVF4h/silver-price-200807.jpg)\n\n\nAdding a 20-week rate of change (ROC) indicator to the silver futures chart below shows prices gaining 122.4% over that period – far exceeding the rate of ascent of the last big silver spike.\n\nAfter years of being suppressed below $20/oz, then being forced down to an absurd new low during the lockdown, extreme pressures built. Finally, silver erupted like a geyser.\n\nOld Faithful at Yellowstone National Park erupts according to a predictable cycle. As intense heat builds from deep within the earth below, water is forced up in small bursts at first – warning signs that something bigger is about to occur. Intense pressure inside the geyser causes steam to seek a more dramatic release valve in the form of an eruption.\n\nAs the boiling hot water that is ejected cools off, the eruption recedes, and the cycle repeats.\n\nSilver cycles are longer and harder to predict, but they work in a similar way. At some point prices will have to recede in order for buying pressure to build back up for another surge higher.\n\nA sharp reversal in the silver market is not only likely but healthy in the long run. Those who are holding silver for the long run need not be concerned.\n\nIn the big picture, the white metal remains relatively cheap even after its recent price eruption.\n\nTo match its 1980 high in real terms, silver would have to top $160/oz. That figure is based on the government’s own faulty CPI data and doesn’t account for additional currency depreciation sure to come in the months and years ahead.\n\nAnother way to gauge just how cheap silver is versus other asset classes available for investors is to compare it to the Nasdaq 100 ETF (QQQ).\n\nWhen silver peaked in 2011, it had reached nearly a 1:1 ratio with QQQ. Today, an ounce of silver trades at about one-tenth the price of a QQQ share.\n\nWhich offers better value at these levels – silver bullion or trillion-dollar QQQ components Apple, Amazon, Microsoft, and Google?\n\nThat’s a question investors will have to answer for themselves. But the fact remains that silver – which helps make smartphones and a host of other technologies possible – could go up 9x versus tech stocks without entering uncharted territory.\n\nInvestors who are eying a multi-year silver bull run ahead should view any decent pullback from here as a buying opportunity.\n\nStefan Gleason is President of [Money Metals Exchange!](https://g.co/kgs/NKpcLf), the national precious metals company named 2015 \"Dealer of the Year\" in the United States by an independent global ratings group. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC, and his writings have appeared in hundreds of publications such as the Wall Street Journal, Detroit News, Washington Times, and National Review.",
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      "parent_permlink": "fedcoin",
      "author": "moneymetals",
      "permlink": "a-digital-fedcoin-may-be-coming-and-it-would-be-terrifying",
      "title": "A Digital “Fedcoin” May Be Coming… And It Would Be Terrifying",
      "body": "![digital-fedcoin-coming.jpg](https://cdn.steemitimages.com/DQmTHNYpTdHfZUWEdjqj2VSvzwxJRJa7Gfugrqu53AGVLW4/digital-fedcoin-coming.jpg)\n\nBy Stefan Gleason, [Money Metals Exchange](https://t.co/PuZQry5Fy1)\n\n[Cryptocurrencies](https://twitter.com/i/moments/1217488613568544768) are based on blockchain technology that allows for de-centralized peer-to-peer transactions to take place outside the government-controlled banking system.\n\nBackers of cryptocurrencies such as Bitcoin tout their privacy advantages and resistance to inflation due to their strictly limited quantities.\n\nBut what if this free-market innovation were co-opted to achieve opposite ends – centralized tracking of every transaction with no possibility of escaping digital devaluations?\n\nThat’s what some central bankers are ultimately aiming for by replacing paper cash with their own digitized, monopolized currencies.\n\n## Federal Reserve Officials Are Eager to Follow China’s Authoritarian Lead\n\nNot surprisingly, authoritarian regimes such as Venezuela and China are leading the way in rolling out their own cryptocurrencies. But the U.S. may not be far behind.\n\nConsider what Federal Reserve Governor Lael Brainard said at a recent conference hosted by Stanford University: “By transforming payments, digitalization has the potential to deliver greater value and convenience at lower cost.”\n\nThese are selling points for Bitcoin. But Brainard clearly isn’t a fan of this and other cryptos gaining wider use in the free-market. “Some of the new players are outside the financial system’s regulatory guardrails, and their new currencies could pose challenges in areas such as illicit finance, privacy, financial stability and monetary policy transmission,” she said.\n\nHer solution? Centralization.\n\nBrainard noted that the Federal Reserve is “conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC (central bank digital currency).”\n\nFed chairman Jerome Powell has also taken a keen interest in the concept of central bank digital currency – i.e., Fedcoin.\n\nDuring testimony before Congress earlier this month, Powell noted that “every major central bank is currently taking a deep look\" at cryptocurrencies, adding, “I think it's very much incumbent on us and other central banks to understand the costs and benefits and trade-offs associated with a possible digital currency.”\n\n“Having a single government currency at the heart of the financial system is something that has served us well. It’s a very, very basic thing, it really hasn’t been in question, and I think before we move away from that, we should really understand what we’re doing. Preserving the centrality of a central, widely accepted currency that is accepted and trusted is an enormously important thing.”\n\nVenezuela issued a digital currency called the “petro” in early 2018 – primarily as a way of getting around U.S. sanctions. It is purportedly backed one-for-one by barrels of oil.\n\nBut the petro also circulates at a fixed exchange rate with the Venezuelan bolívar, giving officials the ability to devalue it at will.\n\nThe Venezuelan regime may ultimately seek to push its citizens out of physical bolívars entirely and into digital petros exclusively.\n\n“The petro makes it much easier to monitor transactions — and punish those conducting transactions inconsistent with the prevailing government’s objectives,” explains William J. Luther of the American Institution for Economic Research. “By requiring petro use, the Maduro regime tightens its grip on power.\n\nChina’s central bank, meanwhile, is actively pursuing digital currency as a way of enforcing its “social credit score” system on its populace.\n\nEven as Chinese authorities have banned most cryptocurrency mining and trading, they have invested heavily in centralized cryptocurrency infrastructure. China has reportedly filed 84 patents in pursuit of a new electronic currency payments system.\n\n## How to Break Free from the Brave New Digital Currency World\n\nIn the event that the decentralized cryptocurrency dream turns into a centralized Fedcoin nightmare, what can individuals do to maintain some measure of financial privacy?\n\nSince all Bitcoin transactions are already recorded on a ledger, it would be technically feasible for the government to track them back to exchanges and demand they release user data.\n\nWorse, if all cryptocurrencies are some day banned, individuals would assume great legal risks by holding wealth in black market cryptos.\n\nSecurity risks and the proliferation of cryptocurrency scams are also threats to the financial privacy and security of crypto holders.\n\nLast week, a California man pleaded guilty to bilking nearly $150 million out of thousands of people worldwide through a digital currency scheme.\n\nThe scheme centered around a phony digital currency called [GemCoin](https://www.sgvtribune.com/2020/02/19/san-gabriel-valley-man-agrees-to-plead-guilty-in-alleged-147-million-fraud-scheme-involving-gemstone-mining/). It was pitched as being backed by precious gemstones. But the so-called GemCoins were ultimately backed by nothing but fraudulent promises.\n\nSome digital coins claim to be backed by gold or silver. Even when they are legitimate, these types of vehicles should still be regarded as entailing many of the risks of cryptocurrencies in general.\n\nNo digital instrument can replicate the properties of physical coins. [Gold](https://www.google.com/local/place/products/product?ludocid=13580957619032904412&entry_id=cd37a08a-5d92-4e21-a9b1-4184afd71d3f) and silver coins, bars, and rounds you can actually hold in your hand carry no counter-party risk and no risk of being stolen through cyber-attacks.\n\nMoreover, while the number of cryptocurrencies that could be launched into existence is unlimited, the amount of precious metal that can be mined from the earth is finite.\n\nHard money may lack the convenience of digital currency when it comes to transferring funds over the internet. But most people who hold gold and silver coins do so for long-term offline wealth preservation and true independence from the financial system.\n\nStefan Gleason is President of [Money Metals Exchange](https://g.co/kgs/dkLZG5), the national precious metals company named 2015 \"Dealer of the Year\" in the United States by an independent global ratings group. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC, and his writings have appeared in hundreds of publications such as the Wall Street Journal, Detroit News, Washington Times, and National Review.",
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      "title": "Silver & Gold Predictions for 2020 - Craig Hemke Slams Biased Gold Naysayers",
      "body": "https://www.youtube.com/watch?v=OyiYfaRn90o\n\nInterview begins at [6:28](https://youtu.be/OyiYfaRn90o?t=388)\n\nFull transcript: https://www.moneymetals.com/podcasts/2020/01/10/gold-reminds-world-safe-haven-qualities-001945\n\nHear from the man who accurately predicted a year ago that 2019 would be the best year for gold and silver since 2010. And we’ll hear his new call for 2020. Craig also takes serious issue with some of the gold naysayers and perma-bears and calls them out for being blinded by their agendas. So, don’t miss my conversation with Craig Hemke, coming up after this week’s market update.\n\nMoney Metals Exchange on Twitter: https://twitter.com/MoneyMetals",
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