Socio-Economics History Blog

Socio-Economics History Blog

Silver 2021: Short Squeeze? Basel III? India? Banks? What’s Next? – Rick Rule Speaks!

by mosesman

  • BABY Investments
    Rick Rule speaks about silver investing in 2021, and gives his outlook on silver short squeeze, Basel III, India’s tax cuts, banks and more. In the second part of this interview, we’ll talk about individual silver stocks that I like, and Rick Rule will rate them and give his opinion on them. You can have Rick Rule rate your natural resource/commodity portfolio for free: http://sprottusa.com/rankings​
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    More specifically, in this video, Rick Rule talked about his 2021 silver market outlook. He said that we might be go through a short-term decline in silver spot price from here on, because of the increasing real interest rates. However, something like “Operation Twist” might occur, to lower interest rates. Operation Twist is a monetary policy tool used by central banks aimed at stimulating economic growth through lowering long-term interest rates. This is achieved by selling near-term Treasuries to buy longer-dated ones. – according to Investopedia.com.
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    Rick Rule also gave his opinion on banks and talked about how possible manipulation of silver could theoretically happen. Interestingly enough, the conversation got to a point where I mentioned Basel III, and I asked Rick Rule about his opinion on Basel III and I asked him how will Basel III influence the price of precious metals like gold and silver. About a month ago, news about India also hit the market, where we saw the finance minister, Nirmala Sitharaman, reducing import duty on gold and silver to 7.5% from 12.5% in the Union budget for 2021-22. This will make gold and silver cheaper for consumers at home and make jewellery exports more competitive in global markets. However, Rick Rule doesn’t think this will have too much influence on gold and silver prices. We also discussed some other topics regarding investing in silver in 2021.
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    TIMESTAMPS:
    00:00​ SUMMARY
    00:45​ HOW’S RETIREMENT?
    01:30​ SILVER MARKET OUTLOOK 2021
    04:00​ IS DIVERSIFICATION GOOD OR BAD?
    09:40​ BANKS STACKING SILVER? WHY?
    11:45​ SHOULD YOU OWN PHYSICAL SILVER?
    13:35​ PHYSICAL SILVER ETFs/FUNDS ANY GOOD?
    16:50​ PAPER vs PHYSICAL SILVER? 250:1?
    20:45​ INDIA CUTS TAX ON GOLD & SILVER
    23:00​ BASEL III EFFECT ON PM PRICES

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