As you all know, the Gold/Silver ratio
XAUXAG
is high enough to trigger a Silver mania once again when the recession hits.
The entry point is $30.5 or now, expecting a target of 50-60$ by the end of the year.
Doubling your money in less than a year is great enough, and please note that such ETFs perform better than
XAGUSD
prices for a simple reason:
If you are creating something that costs 1000 and selling it for 1100, your markup is 10%, and profits are 100$
If it's the price increase to 1200, your profits 200$ doubled from 100$
So holding this asset for 1100$ and selling it at 1200 will make you 100$ in profits while having the company shares may double your investment (of course there are other parameters to watch)
XAUXAG
is high enough to trigger a Silver mania once again when the recession hits. The entry point is $30.5 or now, expecting a target of 50-60$ by the end of the year.
Doubling your money in less than a year is great enough, and please note that such ETFs perform better than
XAGUSD
prices for a simple reason: If you are creating something that costs 1000 and selling it for 1100, your markup is 10%, and profits are 100$
If it's the price increase to 1200, your profits 200$ doubled from 100$
So holding this asset for 1100$ and selling it at 1200 will make you 100$ in profits while having the company shares may double your investment (of course there are other parameters to watch)