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$40 silver price by year-end, E.B. Tucker forecasts

Kitco News, Released on 9/14/20

0:24 – U.S. capitalist system is “broken”
4:44 – $40 silver and $2,500 gold forecast
6:38 – Silver’s fundamentals
9:14 – Macroeconomic problems
12:39 – Are we still living in a free market?
15:00 – Do we still need a Federal Reserve?
17:49 – Gold confiscation
19:56 – The problem with zero interest rates
22:20 – The “magic” of royalty companies

Gold will hit $2,500 an ounce by year-end, with silver outperforming to reach $40 by year-end, said E.B. Tucker, director of Metalla Royalty and author of “Why Gold? Why Now? The War Against Your Wealth and How to Win It.”

“Silver’s got some catching up to do. One of the things about silver that people need to understand is that the supply of silver is not elastic, and what that means is if the price goes higher, the mines can’t just turn it on. Only about a quarter of the supply comes from actual direct silver mining, the rest of it comes from by-products, and recycling,” Tucker said.

Mr. Tucker writes The Casey Report, a monthly investment advisory founded by legendary resource speculator Doug Casey. Prior to joining Casey, he served as the analyst and lead analyst on Stansberry’s Investment Advisory and The Bill Bonner Letter respectively. Before joining Stansberry, Mr. Tucker was a founding partner of KSIR Capital Management; an asset management firm focused on precious metal equities. He also co-founded KSIR Capital, a corporate finance advisory firm focused on the precious metals industry. He holds a B.Sc. in Business Administration with a focus in Finance from the College of Charleston in Charleston, South Carolina.

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