$40 silver price by year-end, E.B. Tucker forecasts
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- čas přidán 25. 06. 2024
- Gold will hit $2,500 an ounce by year-end, with silver outperforming to reach $40 by year-end, said E.B. Tucker, director of Metalla Royalty and author of “Why Gold? Why Now? The War Against Your Wealth and How to Win It.”
“Silver’s got some catching up to do. One of the things about silver that people need to understand is that the supply of silver is not elastic, and what that means is if the price goes higher, the mines can’t just turn it on. Only about a quarter of the supply comes from actual direct silver mining, the rest of it comes from by-products, and recycling,” Tucker said.
0:24 - U.S. capitalist system is “broken”
4:44 - $40 silver and $2,500 gold forecast
6:38 - Silver’s fundamentals
9:14 - Macroeconomic problems
12:39 - Are we still living in a free market?
15:00 - Do we still need a Federal Reserve?
17:49 - Gold confiscation
19:56 - The problem with zero interest rates
22:20 - The “magic” of royalty companies
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If you're worried about retirement, move to South America. I'm a retired expat in Colombia and can EASILY live on 2k or less. I own a nice car, member of a country club, golf all I want, eat healthy, etc. Cost of living is ridiculously cheap and quality of life is much better than what I had in the states. I trade gold and futures as a side hustle and make a nice living down here. Don't buy the bull;;;t about needing 10 million dollars.
Its called international arbitrage. Costs of living in poor countries. Income from bubble-coutries.
If USD goes bust, you will need much more than 2K.
By the way, is that 2K per month or year?
Build the wall
White people are not welcomed in South Africa. (White lives "don’t" matter)...there. SERIOUS unfortunately.
@@Bill-xx2yh he said South America
I just love it when you have a EB interview .
Smart guest. Please bring Mr. Tucker back.
Silver is down from its recent highs. Calling for $40 silver by 2021 may be wishing-and-hoping, but his general analysis looks accurate.
Yeah, I can get behind $35-36 but $40 not so sure.
it moved very fast from 12-30. Most people are in denial about the fact that it's at 27 now.
Fast forward 3 weeks.
Silver revisits it's recent highs.
i hope silver hit 40-50$ usd oz, i only got 120ozs of premium bullion grade government backed coins
Silver got below 20 since this video was posted
END THE FED !!!!
F**K Yeah! Eliminate them, show no mercy, use EXTREME Kinetic force and destroy all signs of their existence. Don't even let their flaming corpses and ashes cast shadows. Oh, yeah End the FED.
@@gfcardi And ending the Fed is a good thing why? You are just another sheep that spouts that garbage having no clue on what the Fed does
@@sandraarnold577 Because the Fed is the enemy of the Free Market & the American People by allowing for Cronyism & Usury.
EB has been right for 4 years on his price predictions. This makes me more bullish on gold stocks!
💸💸💸💸💸💰💰💰💰🚀🚀🚀🚀🚀
No he hasn't.
Just LOVE hearing from E.B. Thanks for having him on.
great questions David. I've been watching you for almost a year now and you get better and better as an interviewer. Top job
41.50 is around the price currently to buy a physical Ounce here in Canada using our Polar Peso
Polar Peso-funny
Libra coin means peso.. facebook is making a libra coin
He was doing great until (about the 15 minute mark) he was asked about the role of central banks and regulators. Their only purpose is to maintain the integrity of the system. When the sheriff, and the crooks, are the same guys, you have a serious problem! Giving that kind of power, to a limited group of man, and as a bonus, there will be no oversight, and no accountability!!! gee, what could go wrong?
@BW MadDog [retired] OMG Get your facts straight. Did the Fed clean you out somehow? You are simple throw out comments that you have heard They have done nothing to you,, get s clue
Never heard of this guy, but man he’s smart. Great interview!
David Lin is a class act. I love this guy
I agree, best interviewer for Kitco
Steven Tesla His using ‘David’ is Cultural Appropriation!! It’s Racist!
chrave1956 hahaha! That reminds me of an old punchline: “Is it good for Jews, or is it bad for Jews?”
He is a brilliant interviewer. He probes with the right questions and stays impartial
I know right? Classy and genuine. Hes like the Walter ceonkite of precious metals
Great interview. One of my favorites you have done.
One of the most intense and rich video of recent months. Thanks KITCO and thanks Mr Tucker!!
The more I listen to E.B. the more I like him.
I thank E. B. for being direct, to the point, and extremely generous in his thoughts on the state of our economy right now. Great job. I just bought your book.
EB is one of the smarter guests on here.
Agreed
He is back again , I love this guy
EB is a top guest. He talks in understandable terms the average Joe can relate to.
Sharp minded lad. Is he married? My daughter is looking for a catch 🤣
can honestly recommend his book - along with Mike Maloney's 'guide to investing...' two must-reads in my view and great investment in one's own education.
Yeah and the average joe is a moron.
These two in the interview are BEASTS. Great convo.
I'm hoping for a silver christmass. I think a lot of other people are thinking the same.
Silver bells, SILVER BELLS, it's X-mass time in da city.
Remember 2011 when silver was at 50? CZcamsrs were saying it was going to 500, 10,000, 20,000. Guess where it went? Straight down. Remember when BTC was at 18-20k? CZcamsrs and mainstream was talking about 1 million coin. We all know how that turned out. Same thing I think is happening now - theyre promoting something too heavily on social media which is a red flag for the regular Joe to stay the hell out.
@@followthewhiterabbit8561 I understand the argument but the trend is up and its not 'parabolic' yet, Silver/Gold have been consolidating...
Rocco Sifredi you sleeping or what?
@@esetek no. Whats up?
One of the better guests they have on. He has a good handle on the macro picture.
LOVE this guy! Always entertaining and golden nuggets
Gas stations. They are cropping up on every corner. Big money is building new gas stations faster than I have ever seen in my life.
We have a reverse gold standard. The tail is actually wagging the dog. New gas stations are popping up like mushrooms. It’s like playing monopoly and the bank pays your debt every time you land on park place. It keeps you in the game and the guy who owns park place ends up with all the worthless cash!
True analogy sreetips..
Intriguing indeed
@@silverwiskers7371 You do realize that the President makes the decision to go back to the gold standard. Nixon is the one who took that away
@@sandraarnold577 That worked out great for JFK.
Exactly...aloha
Saving in gold and speculating in silver.
Glad we are the early ones... cheers all
Although I believe silver and gold are going higher, I cannot see silver or gold at 40 usd and 2,500 usd by Dec 2020.
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As a newbie, would he be patient enough with me to learn how to trade with his assistant
@@muhammadisabella8362Trust me he is very understanding and patient to ensure you learn fast e l s o n s e b a s t i a n 1 @ g m a i l. cm
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Yeah I also need am legitimate broker who assist me with my investments I have been trying to trade on my own for a while now it seems I am doing getting worse by the day
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He doesn’t have big enough monitors, not credible
😂😂😂😂😂😂
he shows his monitors - passive bragging - not credible
@@toutl it's a joke 😊. Generally the MASSIVE monitor "YT Talk Heads" are the less credible ones. Have a good laugh instead, my friend.
@RK RocketKnight it might take a while. any rises will be news driven imo
@RK RocketKnight Now at $23,79 (29 Sep).
Gold are good but i swapped and invested in forex, Bitcoin and other Cryptocurrency. I have been making good profits.
Wow Great that's called diversifying a portfolio.
I'm an investor in Crypto too over the years
Yes investing in Forex and Crypto is profiting
Crypto is the new Gold
I've been holding most stocks like TELSA , AAL but the crash are inevitable 🙁
Back in march, the market dropped by 30% and metals did nothing. Everytime I see a "buy gold and silver now!" commercial, I want to puke! I'll tell you what will make metals increase significantly. World War 3!
we are long over due for another war somewhere
@@robertswift6101, you're right about that.
Great interview. Kitco gets better and better. David, good job!
Why gold why now was an unreal read 🤯
Should of bought Rhodium a few years back when it was $900
Great guest. EB is very smart, and I'm looking forward to his book too. He has an interesting way of expressing things and a great choice of words.
Another great interview by David Lin!
Excellent thanks 👌
Eyes on platinum people. It's picking up steam and hardly anyone is talking about it.
@Hue Man I guess you bought gold at $1900 back in 2011?
I did already its last run from 799 to 1100 2018/2019. I am not sure right now. I see it going up on fuel cell technology though ...so long term yes.
And helium
I see no reason to buy platinum now. It's still in a long-term downtrend since 2008 and didn't even take out it's high from March of this year. Stick to the monetary metals i.e. gold and especially silver. And even more especially silver miners. Just keep in mind there may be further consolidation for the next few months.
@@tom8437 Maybe you're right.
Great interview, David is a good host, sharp and on point.
Another amazing interview. Thank you
Love this guy!
$40 Silver by end of the year? Spot Price or with Premium included? Because the going rate for generic rounds is currently around $33 per ounce already. 🚀🚀🚀🥈🥈🥈
You are correct
They always mean spot price, not the price of a round or coin. Spot price has more to do with buying large volumes, such as 1000 oz comex bars. You can't expect to get the same price as that when buying only one or two ounces.
He is referring to spot price. If spot silver was $40, an eagle will be $44-45 probably
Try 50
$31 if you buying the well circulated generic rounds.
My fav interviewer of Kitco by FAR - great job !
23:35 I love the way he talks about Pierre Lassonde
The time to buy gold was last year, but better late than never.
Started buying in august 19 stopped in January 20. great gains so far
@@M.S-Music Indeed!
@@M.S-Music I bought in Nov '19.
The time to buy gold was the year 2000
@@cmedia1337 I was broke back then, so it was a no-go.
One of the best brains Kitco has on here! Thx EB!!
@RK RocketKnight hammer time!!! LOVE IT!!!!
@RK RocketKnight only one way to win, have TIME and buy over extended periods and catch highs and lows/dollar cost average in and don’t over extend your bankroll. Good luck my friend.
Enjoyed watching this interview. Just shared w/a bunch of friends. And bought his book.
Excellent show and interview!
A major contributing factor for high gold demand from Sept - Dec is that being when the majority of weddings are held in India.
It's when the dollar takes a shit even more then it already has.
3 stock market crashes since 1987. The shoe shine boys have left the stock market. That leaves metals or land.
I am from India. Here due to high return rates of gold, mostly are running to gold for investment.
@@shilpiagarwal4616 I've been buying for 4 years. Only the last few months there's been a lineup at the store.
I think it will be $20
wow, what a fascinating interview. e.b. is impressive
After us elecetion gold and silver will going up or down? Any one can suggest and help!!!
if gold goes to 2500 i m sure silver will atleast hit 50$ . i m more in the 2250 gold 45 silver club
EB making sense like Peter Schiff. He's right on this!
Agreed! These two along with Mike Maloney's team are the holy trinity, lol.
Exactly how has the Fed bilked any money from us. Or you I guess. They don't get any money from the people of the US.
Thanks for the excellent guests. Great job. what does EB think the gold/silver ratio should be about? Sprott thinks it should be lower than 70 ratio to gold. I lie royalty companies as Ive built a very nice position in precious metals , esp GOLD and MOSTLY SILVER.
7:20 The seasonality of gold does vary s he says but I think it changes between bull and bear market cycles to a significant degree. The seasonality in 2012 to 2018 was more of a kind of bear market seasonality, often lows in June and November/December but the 2001-2011 bull really has that autumn and winter surge - usually.
Well its December, where is my $40 silver?!?!
aha
Well it's getting thier
EB in the house
Excellent EB Tucker, I like the way he explains things and his métaphores
Now I'm convinced that gold will reach 2500$ and silver will reach 40$ by the end of the year. For two ounces each...
EB!!! When is silver going to reach 40?
Usd to silver Ratio now $4,000
Silver is dirt cheap commodity.
excellent video! I seen this coming years ago when the BIS came out with Basel III. Central banks formed an agreement to buy gold. Then in March 2019, based on Basel III gold became a tier 1 asset (risk free asset). That was a nice heads-up for the banks. Now that the banks are loaded up on gold, just how long before each country goes on its own gold standard? When that day comes. we will wake up one morning and find out gold will be selling for some ridiculous price and people will be screaming "NOBODY told us this was going to happen"!! PEOPLE...The greatest transfer of wealth is coming soon.
The Fed does not buy gold.. They store if, Get a clue
For the last few months silver pumpers have been saying spot was going to the moon within days of their articles and videos,, and now a lot of them are making excuses for why it's not.
If gold is at $2500, silver will be higher than $40!
Why that.?
I agree. The one thing he was wrong about was the 62.5 to 1 ratio. Historically it's been closer to 25 to 30 to 1.
It might overshoot yes temporarily based on the gold price at 2500$ but it will recorrect to adjust at a valuation in proportion to the gold silver ratio as long as there is no significant fundamental giving full go for silver to rise and then maintain really high valuations as gold does on a regular basis the price corridor will be much more volatile vs gold therefore a wider price range visited by silver
agree
@@johnmastandrea137 last year ratio was around 120 silver to 1 gold , WTF is wrong here
Every time I see “Corvus” I think of “Corona virus.”
Continue to own physical Gold & Silver... food for a minimum for 3 months, heritage garden seeds and some gardening tools. Learn what grows well and when in your area.
Great interview
Add tools, books and self defence devices to that Garry
You're absolutely right! The state controls everything and I predict a Silver will drop back down to $17 an ounce right after the election. People will sell off, and here we are back to normal again. Not only that after the pandemic is over the Silver Mines are open back up which I flood the market. So between the sell-off and and silver mine being more productive I don't see silver climbing at all I see dropping. On top of that the u.s. dollar is rising which every time it does that silver prices drop. I think people should sell out right now and look for other Investments cuz I don't see silver doing anything for the next 20 years.
EB is on Metalla's board and yet promotes FV and Royal Gold. 🙄
In his book, he's not shy either about giving credit to other companies where it's due
ie. Sprott and VanEck. That speaks about his character.
The year is ending what happened to your prediction!?
It was always bullshit. These guys still won't accept the government and Wallstreet has gold manipulated to hell and back, regardless of how strong an asset it is, it can't overcome the system rigging it.
EB Tuck the MAN, happy to see him on here again
This video has resonated with me more than most.
15:34 "I'm not one of these people that wants to throw out the Fed" ... Why not?? Come on in E.B., the water's fine! He needs to read "End the Fed" by Ron Paul and "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin. Good interview but ending the Fed and returning to sound money is the only way to end the insanity and manipulation that he is describing in this interview.
Why can't you still have FED but also have gold backed USD(sound money)?
Or who will put the interest rate politic?
@@bennyboy5374 The Fed does not have the power to go back to the gold standard.. That comes from the president of US,, We still need the Fed regardless.
Actually Paul has been appointed head of the House subcommittee on domestic monetary policy, which, among other things, oversees the Federal Reserve.
So, does Paul see this as his chance to try to end the Fed? "In a partial sense, but not directly," he tells NPR's Guy Raz. "What I'm really asking for is competition, to get rid of the monopoly power of the Fed, because they don't have legitimate power to do what they do."
@@sandraarnold577 "So, does Paul see this as his chance to try to end the Fed? "
I mean, i've seen RP say "End the Fed" on many occasion.
i like EB more and more these days, lol......he's sharp
and MTA is my heaviest position now, and biggest win so far, and i entered only since Apr, lol.......
haha, yeah same here. I just got into PM & Crypto a month ago. Saw his interview on YT and bought his book. Then took new positions in MTA :)
@@ChristopherChiu whats MTA
@@mindislife Metalla Royalty&Streaming metallaroyalty dot com
The Set looks so good David!!!!!
It's a great book but I am still unclear on which is better physical gold or gold kept in a vault owned by an online gold dealer?
continue to buy physical silver and gold regularly
Where will you store it to avoid theft and confiscation?
@@humanyoda Watch out, they can steal and confiscate you too! Where are you hiding?
@@humanyoda And for me there is no bigger thief than banks
@@ibrahimkeskin1243 i agree bro.
Thought I was listening to Peter Schiff!
Is NVARF on E-trade the same as NOVR.V ?
Excellent interview and guest.
"The cops don't come until much later, when the house it totally filled" - E.B. Tucker
E.B. is one laterally thinking intelligent dude👍☺
What does E.B stand for though?
Ern Bullion!
Thank you for the video.
Thank you for the great info
And Silver tanks 10% almost immediately, classic timing, as always
Ya can't smoke silver and ya can't drink gold. Cigars and decent whiskey will get ya through.
I drink silver daily
i need silver bullets
Who was in charge of editing and the camera angle choices, i liked it lol David Lin needs to be on here more, classy dude
very good information no one knows
Thank you, EB!
20:22 Too many strip centres. Depends on what you mean by strip centres!!😂
EXCELLENT INTERVIEW!
$40 is very good estimation at the end of this year, it will most probably go above $40 first and then settle in around $38-$43 as correction zone for about half a month.
$10,000 gold by 2030.
2023-2024 maximum
@@cedricc4105 ba hahaha
haha..CRASHED HARD
Few understand or want to understand sound money and why it matters.
The real question is how do you expect to spend the rest of your life and what is necessary for survival for yourself and those you care about.
EB is so damn smart. I'm about to listen again. Where's this guy been?
$44.00 an ounce canadian now
He is talking spot price in US dollars
@14:35, when is MTA going to start paying dividends?
Gold Terra, Golden Minerals, Northern Vertex, Abraplata, Eastmain
Great program thank you