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As usual, Schiff is a bull on gold and precious metals commenting that silver “is going a lot higher.” Though he didn’t have a specific number in mind, he sees a likely and continued uptrend that can reach levels much higher than where it is today.
“I think silver is going to go, ultimately, fifty dollars an ounce, a hundred dollars an ounce, who knows how high it can go? When asked what sort of time frame he expects for silver to reach these levels, Schiff’s response closely mirrors our own view on when we can expect a significant move in precious metals and other essential commodities like food and energy: It could happen very soon.
It all depends, I think, on when you really have a collapse in the dollar.
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Your membership will be active for the calendar year in which it is received beginning on the payment date.Memberships received after October 1 will be active through the following year.Please consider an additional donation or a volunteer commitment.I think the dollar index, which is trading a little bit above 80, I think it’s headed down to 40.Whether it gets there in two years, three years, I don’t know.It just depends on when the world wakes up and figures out what’s going on.