Based Underground is now a conservative news aggregator AND curated newsletter.
Let’s get two important notes out of the way before we get into the meat of the article. I am not an economist but as a layman monitor of all things gold and silver I have NOT seen the evidence that precious metals are going to skyrocket as high as some real economists are saying. Call me a skeptic but I’m not nearly as bullish as they are. Do I think gold and silver have tremendous upsides? Yes. Do I see $3,000/$60 in 2023? No.
With that said, the second important note is that I am very bullish on the stability of physical precious metals. All but a handful of economists are saying we’re at or near the bottom which means that precious metals are as sound as they have ever been. The way I look at it, gold and silver are for protection and hedging, not for massive short-term appreciation. If I’m wrong and they do happen to skyrocket as some economists are predicting, great! Either way, it’s clear that now is the time to move wealth or retirement to the shiny stuff.
I’m not a financial advisor so I cannot give advice, but I have found four America First precious metals companies I recommend to those who are in the market for physical gold and silver. This comes after vetting a total of 31 companies so far. You can check out my recommendations here.
Now, let’s get to the meat. I started hearing rumblings about $3,000 gold ounces and $60 silver ounces last year. At the time, the big triggering factor was the idea that Russia would force countries to buy oil with precious metals. There were also the beginning of rumblings about Central Bank Digital Currencies. Inflation was, of course, skyrocketing as well.
The sentiment driving today’s predictions of $3,000/$60 follow the Fed and other central banks making moves. For example, market strategist David Hunter believes we’re in for a wild ride. According to Kitco:
Gold will reach $3k by October as markets ‘melt up,’ with the S&P expected to see at least 36 percent upside, according to David Hunter, Chief Macro Strategist at Contrarian Macro Advisors.
“My S&P target is six to seven thousand,” he told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. “My targets are gold to $3,000 pre-bust and silver to $60 pre-bust… We’ll probably see most of the melt-up move by the end of the summer, which could mean Labor Day, but it could stretch into September.”
Hunter, who correctly called the recent stock market bottom in 2020, claimed that markets are nearing the end of a 41-year secular bull cycle which began in 1982.
“That is when the disinflation trend began and interest rates peaked out,” he observed. “I think the highs of this bull market will not likely be seen again for decades.”
This is the part where your average precious metals salesperson would end the story. I’m not a precious metals salesperson so I’ll take Hunter’s and others’ predictions a few steps further. IF gold and silver skyrocket as predicted, it will almost certainly be very temporary. There will likely be a crash back to earth followed by a sustained modest appreciation period.
We’re poised to see the most volatile couple of years for precious metals. But the roller coaster ride we’re about to take with gold and silver will seem very tame compared to the massive turbulence other asset classes are going to experience. The reason I like gold and silver isn’t the idea of $3,000/$60 this year. It’s the prospect of much higher values in the next decade.
As David Hunter noted, after markets bottom during the bust, gold and silver will see significant upsides which could see them reach 10X multiples by 2030.
Those who may be in the gold and silver market soon have a very short window to get the metals while they’re still cheap, according to Hunter and other economists. The summer surge they’re predicting will make it less lucrative to get into precious metals at that stage.
Again, I’m neither an economist nor a financial advisor so take anything I say with a grain of salt. I just read and listen to a lot of financially intelligent people, and the general sentiment leans toward a near-term move of wealth or retirement accounts to physical precious metals. Here are the companies I recommend.
Mark Zuckerberg Claims Facebook Is Ditching “Fact-Checkers” and Going to Community Notes Similar to 𝕏
by JD Rucker
Meta CEO Mark Zuckerberg is a scoundrel, a billionaire snake who has backstabbed pretty much everyone he’s personally dealt with ever since rising to prominence. He spent over $400 million of his own money to prevent President Donald Trump from winning in 2020. His “platform” has been amongst the most…
Bill O’Reilly to Donald Trump: “The Press Hates You”
by Podcaster
There has been a very noticeable shift in the way legacy media is covering the transition for President Trump compared to his first victory in 2016. It seems that many in legacy media are toning down their rhetoric and preparing to treat President Trump more “fairly.” According to Bill O’Reilly,…
The Biggest Sale on Beef With 25-Year Shelf-Life EVER
by Sponsored Post
Let’s cut to the chase. Prepper All-Naturals is offering an unprecedented 40% off for its “Beef Steak” survival bags with promo code “steak40”. With a 25-year shelf life and a single ingredient (beef, of course), our most popular product is available for a very limited time with the biggest discount…
The Climate Agenda’s March Through the Institutions: Can It Be Stopped?
by Daily Signal
A spate of stories in the media recently provides a remarkable illustration of how the globalist policy agenda of the climate-industrial complex has captured key international institutions and perverted their original organizational aims. From initially serving broad, laudable objectives for the welfare of their constituents, these institutions have been subverted…
About That Video of Deb Fischer’s Husband and Kamala Harris That’s Circulating on Social Media
by Red State
Social media platforms can be bowls of dumb on any given day (that goes double for BlueSky), and Monday was no exception, with the certification of Donald Trump’s November election victory bringing out some fresh cray-cray from Democrats and their media allies. Though the President-Elect certainly does bring out the…
Trump Denies “Fake News” Report on Changes to Economic Plans
by Publius
President-elect Donald Trump has refuted a Washington Post report suggesting his aides were considering a more restrained tariff policy. The report claimed that Trump’s transition team was contemplating a tariff plan that would be less extensive than his campaign promises, targeting only imports deemed critical to national or economic security….
Radicalized Knife-Wielding Man Attempts to Storm Belgian Prime Minister’s Offices Shouting ‘Allah Akbar’
by RAIR Foundation
Brussels, Belgium — January 6, 2025: A potentially deadly attack was narrowly avoided this morning when a “radicalized” man in his twenties armed with a knife attempted to break into the offices of Belgian Prime Minister Alexander De Croo. The incident occurred at 16 rue de la Loi as the…
Gold Breaks Out With Central Bank Surge and Interest Rate Drops Expected
by Sponsored Post
Precious metals are seeing gains once again following the post-election dip, just as many economists had expected. Even China, which had been holding back for five months, returned to purchasing massive quantities of gold. “Falling U.S. interest rates and ongoing solid demand from central banks are supporting the gold price,”…
JPMorgan: “Debasement Trade” Into Bitcoin and Gold Is Here to Stay
by Tyler Durden, Zero Hedge
(Zero Hedge)—The so-called “debasement trade” into gold and Bitcoin is “here to stay” as investors brace for persistent geopolitical uncertainty, according to a Jan. 3 research note by JPMorgan shared with CoinTelegraph. Gold and BTC “appear to have become more important components of investors’ portfolios structurally” as they increasingly seek to…
Study of 9 Million Exposes ‘Devastating’ Neurological Damage Surge Among Covid-Vaxxed
by Slay News
An explosive new study involving almost 9 million participants has exposed a devasted surge in deadly neurological and psychiatric damage among those who received Covid mRNA “vaccines.” According to the peer-reviewed study, just one dose of an mRNA injection puts recipients at risk of suffering several severe neurological diseases. The…
More Details Emerge Regarding the Plan to Kill a Supreme Court Justice
by Zachary Stieber, The Epoch Times
(The Epoch Times)—A California man allegedly told authorities that he flew to the East Coast to kill Supreme Court Justice Brett Kavanaugh, according to newly filed court documents. Nicholas Roske flew across the country from California to Virginia on June 7, 2022, landing just before midnight. He got into a…
First US Death From H5N1 Bird Flu Reported in Louisiana
by Infowars
On the same day Congress certified Trump’s election victory – and with just 14 days before he takes office – the official confirmation of the nation’s first “H5N1-related human death” has been reported in Louisiana. Notably, authorities have made it clear that all we will know about the diseased patient…
Embracing Natural Foods: A Path to Better Health and Healing
by Local News
A diet high in natural foods has many benefits, from reducing the risk of disease and obesity to the vitamins and nutrients that natural foods contain that can aid in the healing of certain health conditions or diagnoses. Using natural foods in our diets is vital for Americans to become…
Dana White Has Joined Meta’s Board of Directors
by Cactus Williams, Discern Report
UFC CEO and long-time friend of Donald Trump, Dana White, has joined Meta’s board of directors alongside Charlie Songhurst and John Elkann. This is just the latest in a series of decisions Meta has made following Trump’s historic electoral victory which seemed to be aimed at cozying up to the…
The real reason some see that is they’re delusional.
I have a very modest retirement fun with a manager. I told him back in 2000 that if quid pro joe wins, buy gold and foreign oil stock. If Trump won, roll the dice.