The great gold and silver bull market is on

Degussa Market Report/Thorsten Polleit

Graphic image of bull, black and whiteIt is against this backdrop that we remain bullish on precious metals. We believe (and of course acknowledge the uncertainty that surrounds such a statement) that the price of gold could reach 2,450 USD/oz towards the end of 2021 (based on current prices, a 32% gain); the silver price could go up to 47 USD/oz (+87%); the price of platinum may increase to 1,280 USD/oz (+17%), and the price of palladium may well hit 2,710 USD/oz (+14%).”

USAGOLD note: That backdrop is radically aggressive monetary policies across the globe to combat the economic ill-effects of the coronavirus. We cited this report in yesterday’s DMR and repost it here for those who may have missed it.

Repost from 1-21-2021

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