are we going to see $50 an ounce silver before we see $5,000 an ounce gold in this video I'm going to tell you why both of those medals are going to hit their marks we're going to see both $50 silver $5,000 an oun gold it's a question of which one gets there first so give me your opinions what do you think's going to happen we'll keep it as a record and we'll see few months or years from now we'll look back and see if you guys know what you're talking about silver right now is at


$30.95 so it needs to rise $195 or 60% 60% to get to $50 whereas gold is at $2,679 it needs to increase $2,321 or 85% but now we're going to break it down and get into the very specific factors that are driving the prices of silver and gold and will continue to drive them both well past those targets that we talked about in this video but gold has been doing really well and you know that silver always follows gold usually at a lag does a little bit worse at first and then catches up faster as you go down


the road we've seen that Russia recently added silver to their strategic reserves which was notable and it would have been even more notable and it will be more notable if any other countries also follow that but I don't expect that to happen on any significant scale but it wasn't nothing and gold has been doing very well lately actually $1,000 an ounce more than when we first started talking about it but what happens often is that silver is a little bit slower and then once it starts going it'll


catch up to gold on on a percentage basis it'll rise faster than gold does and the difference between gold and silver gold is more of a precious metal where silver is an industrial metal about 50% 50% of the silver that gets produced gets used up every year for things like Electronics there's an annual production shortfall of about 200 million ounces here listen to list total silver demand is projected to considerably outstrip Supply again in 2024 leading to a forecast deficit of 25.3 million


ounces if realized this would Mark the second largest annual shortfall in over two decades of all the price drivers we're talking about that'll be the one that gives most wind in the sales of silver and understand that these production shortfalls will build on themselves they didn't have hundreds of millions of ounces of silver that they needed last year that's on top of the year before and now this year next year maybe again and it's just deficit deficit deficit eventually that'll just


drive the price of silver up dramatically and pretty quickly and I'm also going to tell you guys what to do about how you can benefit it's not too late there's so many opportunities and we'll talk about them in this video when you're about to go into a recession people get worried they expect things like copper to be in less demand oil to be in less demand silver and so the recession approaches and these prices will start to come down so people see silver as a industrial metal and those people are


getting scared by the approaching recession but there's a shift starting where people are now recognizing it more as a precious metal especially because of the much higher price of gold people can't necessarily afford a gold coin so you might buy a silver coin you can invest in silver precious physical Metals for $32 analysts predict that silver prices could rise in 2024 due to increasing industrial demand particularly in renewable Energy Technologies and electric vehicles and here's a CEO of First


Majestic silver we've talked about in the Peter lead's newsletter back in the day Keith new of first Majestic silver has said that he sees the white metal reaching $100 per ounce and there are other drivers for silver prices just basic General inflation or when interest rates come down Etc there's plenty of other drivers but now let's talk about those are the meat of them those are the ones that stood out to me that I wanted to talk about now let's get into the gold and don't forget we're going to talk about


what you can do about it and that it's not too late and you can still benefit from this move that I've been talking about since gold was $1,000 an ounce less since way back in that day what I was always showing you was the Central Bank buying demand specifically China and you can look at some of these stats here some of the more recent ones and you always see the same names on here you got China Russia Iran gold is moving to the east away from the west or away from Europe that is what has been driving this ongoing


price increase for the longest time now and will continue to drive it until this buying slows down unless you've got all this global Military uncertainty I don't like where the world's going right now is freaking me out and as long as that's happening there's going to be a risk premium built into things like safety assets like gold so Pres of gold increases a lot of times oil increase by several dollars a barrel meanwhile another pressing issue just to make sure that as a wet blanket I say enough


negative stuff to depress you fully every time you watch one of my videos this US debt bomb is not only clearly known to us is clearly known now to players all over the world you see China and Japan both curtailing purchases of US Treasury bonds you see China and Japan selling the Holdings they have so what happens is when you have a fiat currency there's a massive worldwide loss of confidence yes the dollar has been doing well because a lot of other comparative currencies are doing horribly and it's doing well lately


because of a lot of artificial influences they're controlling these markets but no matter what you can't fake it forever if someone's a dishonest J they can only pretend to not be that for about 6 months generally in my experience so there's a generalized loss of confidence in the US dollar already among players worldwide and that will only become more obvious that we're absolutely treating our currency irresponsibly when we start printing a lot more money to cover over the things


that we've already benefited from that we have yet to pay for that's directly involved with why every few months you hear about or every few quarters you hear about a government shutdown or the government's out of money and I always joke about how like it will never stop like it literally just always be doing this until they resolve the problem and they act like oh my gosh it's happening again what do we do and they do the same thing they always do every single time it's ridiculous and they get paid for this


and the primary place in the mind worldwide always for a riskof asset is gold there's always being gold it will always be gold so when you think about risk and there's more risk right now than ever in a long time in our lives when there's risk money goes into things like gold meanwhile we just got another hotter inflation reading yesterday and hotter than expected and as I'm telling you in the last video I just did was about how Trump's policies not a political statement I'm just saying


these policies exactly as described will be inflationary and explain why and how that's going to affect you that was our last video which is why you want to be subscribed to the channel so you don't miss stuff like that and interest rates are going to be coming down and as they get lower that adds value to the price of gold because it hurts the US Dollar's value and of course gold is always the number one shield for you if the mud hits the fan gold preserves value and in a time when all values are declining the


fact that it's preserving value actually adds value to it and that value then increases that's what's happening with gold now checking this chart it blew my mind central banks have been resetting the relationship ship between gold prices and interest rates this is a chart from Goldman Sachs and you can see that line right down the middle there that's when the Americans froze the Russian Central Bank assets and all these countries decided that they need to get out of the US dollar and just


ahead here I'm going to tell you how you can still benefit from all of these moves and precious metals that are happening right now even with a small amount of money turn a few hundred into a few thousand I'll tell you in a second but first I'm going to give you my take on what I think is going to happen in terms of the timing and also if you're putting a comment below this video say which is going to be first gold or silver gold to 5,000 silver to $50 which one first and win my take is that silver


is definitely going to rise the 60% it needs to to get the $50 a lot faster and Gold's going to rise the 85% it needs to increase to get the 5,000 I believe that both of these marks will be attained I believe that silver will get the $50 first and it'll be in 2025 5 so not long from now the supply deficit is Meaningful and it keeps adding and building there's not enough silver the world's just not recognizing it yet but of course if you want to benefit from this if you get into a really high


quality small mining company that's in the silver or gold space they can generally do pretty well I expect the entire complex to do very well as the US dollar declines and as commodity prices across the board increase a lot of the best companies that we put through 29o leads analysis which you can see all about on Peter leads.com every step of leads analysis you can see what we do when we have a stock that we like that we put through leads analysis and they're a good mining company a good low price technically a


penny stock that's where you can make a lot of money quickly by benefiting from the rise in Precious Metals prices if you want to get the stock picks from me join the Peter leads.com newsletter and if you want enhanced contact with me then please become a Peter leed's Insider