Gold and silver prices could see another strong rally “with warnings over a global economic slowdown paving the way for a fresh push toward $2,000 an ounce. A potent mix of decades-high inflation, geopolitical turmoil and growing talk of recession should be bullish for the traditional haven,” says Livemint.com.
In addition, “After decades of massive deficit spending and ultra-loose monetary policies, we are heading toward a period of stagflation,” said Gregor Gregersen, founder of Silver Bullion Pte, as also quoted by Livemint.com. “In this kind of environment, safe-haven assets like physical gold and silve are some of the best things you can own.”
All could be positive for gold and silver companies, such as Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), Newmont Corporation (NYSE: NEM) (TSX: NGT), First Majestic Silver Corp. (NYSE: AG) (TSX:FR), and Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR).