That must be a wild guess. It can go anywhere, depending on fiat's devaluation and the market's appetite. Some even say silver could hit 500 $. That is just another wild guess. If 35-40 $ is "fair value", then many people are overpaying now, because prices are generally between 35-45 $ right now (premiums are the main cause).
Great write up. Hold on to your shares! “The bulk of China's gold imports typically comes from Australia, South Africa and Switzerland.”
The values are in usd. It is based on the historical price of silver. Silver is now $26, so $35 to $40 is still 35-50% higher than current price. Of course fair value can change. A year ago I made a calculation that a historical value of silver, in the 19th century was $28, we're very close to that now. But in view of the the hype in bitcoin and "inflation", the fair value could be adjusted upwards. My way of investment is I only buy undervalued stuff, I don't bother about potential bubble prices. If there's a bubble, all the more better. But if there's no bubble, I can wait for natural appreciation.
Some time this year, could be summer already. The other possibility is that it is going up, because I see a possible double-bottom on the charts.
Possible, but from an investment point of view, it doesn't matter because what's important is it will rise later. My feeling is it has already bottomed early march.
https://economictimes.indiatimes.co...6-billion-in-2020-21/articleshow/82127599.cms Gold imports jump 23% to $34.6 billion in 2020-21 Read more at: https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst yet the number for China was just $8.5B ??? or on just this green light About 150 tonnes of gold worth $8.5 billion at current prices is likely to be shipped following the green light from Beijing, four sources said. Two said the gold would be shipped in April and two said it would arrive over April and May.
Just a note that the GSR has been going up since early March and even marginally against Feb when when the "silver squeeze" movement started.