Central Banks Gold Reserves Hit Highest Level Since 1960s
It appears central bank gold reserves are now at the highest level since the 1960s.
The historic surge in gold and silver continues, but look at this bull market that is just getting started.
It appears central bank gold reserves are now at the highest level since the 1960s.
On the heels of the release of the Fed’s May 2025 Manual, some are asking is Trump going to revalue the price of gold?
Today Michael Oliver, the man who worked directly with the Chairman of the Comex during the wild 1970s bull market when the price of silver hit an all-time record of $50, and who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, told King World News in one of his greatest audio interviews ever that he predicts the price of silver will hit $160-$240.
The price of silver is closing in on $40 as gold surges another $43. What a way to end the week!
Wall Street and the world are increasingly alarmed by the US debt crisis. This has been yet another catalyst for the bull market in gold as global central banks continue to increase their gold hoards.
As we continue trading in the month of July, Sprott just warned that available global silver inventories have been depleted, so we should expect even higher price targets in the silver market.
It appears more money printing is on the way.
Difficult economic times are coming but gold will soar.
Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, sent King World News an update on how gold performs in times of war. Silver vs S&P 500 July 8 (King World News) – Michael Oliver, Founder of MSA Research: Silver vs. the S&P 500 is interesting too. Currently the action is trying to break out of a base going back
Investors around the world need to buckle up because interest rates are headed higher once again. Plus a look at mining stocks.