{"id":17522,"date":"2016-07-13T11:57:11","date_gmt":"2016-07-13T18:57:11","guid":{"rendered":"https:\/\/goldcopreciousmetals.com\/?p=17522"},"modified":"2023-10-25T12:52:41","modified_gmt":"2023-10-25T19:52:41","slug":"silver-golds-powerful-bull-market-ally","status":"publish","type":"post","link":"https:\/\/goldco.com\/silver-golds-powerful-bull-market-ally\/","title":{"rendered":"Silver \u2013 Gold\u2019s Powerful Bull-Market Ally"},"content":{"rendered":"

In 2016, we\u2019ve seen gold flourish<\/a> as a safe haven for investors fleeing stock market uncertainty, global debt and deflation and the anxiety-induced currency fluctuations kindled by Brexit. All told, the shiny metal has had an impressive run, up almost 25% through yesterday.<\/p>\n

But during its remarkable climb this year, gold\u2019s record has been spectacularly outpaced by that of its sister metal, silver. The gray metal is up almost 46% during the same period. According to yesterday\u2019s International Business Times<\/a>, silver reached its highest price ($20.42 as of that writing) since July 2014. In fact, some analysts are calling for it to soon test $25.00 per ounce.<\/p>\n

The outlook for both gold and silver now appears excellent.\u00a0 The IBT<\/em> quotes Nikolas Xenofontos, Director of Risk Management at easyMarkets:<\/p>\n

\u00a0“The dramatic rise in precious metals following the Brexit vote is attributed to expectations for continued low rate stimulus by the US Federal Reserve.<\/em><\/p>\n

“Britain exiting the 28-member EU all but guarantees that the Fed will not raise interest rates anytime soon. It also means the Bank of England is likely to ease monetary policy in the short term.\u201d<\/em><\/p><\/blockquote>\n

Historically, when gold performs well, silver performs even better. Primarily this is because, as CNBC noted Monday, silver is an industrial metal<\/a> and, as such, is more closely linked to global growth. According to the Silver Institute, it\u2019s \u201can essential component in nearly every industry,\u201d used in batteries, air conditioning, automotive manufacture and many other applications, including the booming solar panel<\/a> and consumer electronics sectors.<\/p>\n

Interestingly, Oppenheimer technical analyst Ari Wald views silver\u2019s robust performance<\/a> as a sign investors are once more embracing risk. In fact, he views its aggressive activity as a reliable predictor of a surge in the stock market: “It confirms our view that \u2026 the S&P 500 is setting up for new highs over the next coming months.”<\/p>\n

I don\u2019t know.\u00a0 When someone paid to sell stocks says investors are embracing risk, I think he\u2019s misstating the case.\u00a0 Brokers and traders embrace risk, because win or lose they make money.\u00a0 But what regular investors embrace are the gains, unless they already have so much money that investing is now just a game, like the billionaires you see on TV.\u00a0 You and I need to make money; to build our nest eggs for retirement and store up a reserve in case another recession hits.<\/p>\n

While Wald may be right that stocks could rally, the situation on the ground remains precarious<\/a>.\u00a0 We have effectively no interest, and no immediate prospects, which means our go-to safety assets, bonds, get us nothing.\u00a0 While Brexit may have slipped momentarily from the headlines, the breadth of ways it will destabilize European (hence American) markets has yet to be made clear; to say nothing of the damage to the British pound and the fate of the euro<\/a>.\u00a0 Then of course there\u2019s China\u2019s decelerating economy and the havoc<\/a> it\u2019s starting to wreak worldwide.<\/p>\n

That\u2019s why this bull market for both silver and<\/em> gold is so encouraging.\u00a0 Gold, with its historically inverse relationship to both the dollar and the market, provides protection of your buying power when both your stocks and cash lose value.<\/p>\n

When the value of the dollar fell between 1998 and 2008<\/a>, the price of gold almost tripled. And we can see how it\u2019s done this year, as the stock market has been taking a beating from sources worldwide. Gold also resists inflation\u2019s inevitable erosion of your dollar\u2019s buying power; a crucial protection for our futures when healthcare payments, among many other costs, will skyrocket.<\/p>\n

With a gold-balanced portfolio in place, silver can then provide you with an attractive speculative opportunity, and unlike stocks it can never lose all its value. If Wald is correct, and silver\u2019s growth anticipates a move up in stocks, you can have the best of both worlds \u2013 at least for a while.\u00a0 The key is to be certain you take any short-term gains and put them where the market can\u2019t kill them<\/a> when the correction comes. After all, the point of investing isn\u2019t to take a rollercoaster ride; the point is to get out on top.<\/p>\n","protected":false},"excerpt":{"rendered":"

In 2016, we\u2019ve seen gold flourish as a safe haven for investors fleeing stock market uncertainty, global debt and deflation and the anxiety-induced currency fluctuations kindled by Brexit. All told, the shiny metal has had an impressive run, up almost 25% through yesterday. But during its remarkable climb this year, gold\u2019s record has been spectacularly […]<\/p>\n","protected":false},"author":13,"featured_media":32346,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[207],"tags":[238,275,230,520,300,428],"class_list":["post-17522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-china","tag-dollar","tag-gold","tag-nest-eggs","tag-silver","tag-u-s"],"acf":[],"yoast_head":"\nSilver \u2013 Gold\u2019s Powerful Bull-Market Ally<\/title>\n<meta name=\"description\" content=\"It turns out the secret of victory in investing is much the same as in all other forms of blood sport: It's crucial to have a lethal one-two punch. 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