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SILVER TO $900: Self-Made Millionaire Christopher Duane Makes a Bold Call
With spot silver prices reaching new lows and the U.S. dollar hitting 52-week highs, it has been touch and go for investors in the white metal. Are we in a bear market with silver, and is silver undervalued? Many medium- and long-term holders and stackers are feeling trapped, and they’re hoping for a sign that silver’s luster hasn’t faded away.
Silver and the precious metals markets in general are of great interest to Wealth Research Group, and we recently had the pleasure of speaking with Christopher Duane, a financial and investing expert and founder of the Sons of Liberty Academy. This Academy is located on the web at SonsOfLibertyAcademy.com and is dedicated to building the educational foundation to make effective political change in the world. Chris is also the founder of SilverShieldXChange.com as well as Silvergoldbull.com
A United States Marine and venture capitalist, Chris Duane became a self-made millionaire by the age of 30. Since 2001, Christopher Duane has been able to increase his net worth by an estimated 3,750%, even while the housing, stock, and job markets were tanking.
Chris Duane’s extremely popular YouTube channel, “The Greatest Truth Never Told,” has over 33 million views, and seeks to provide individual solutions to collective problems such as the collapse of the U.S. dollar. Christopher believes that massive change is coming and that if you are aware and prepared for this change, you will be able to create generational wealth.
Courtesy of silveristhenew.com
Wasting no time, the interview between Wealth Research Group and Christopher Duane commenced with the question of whether silver is, in fact, in a bear market. According to Chris Duane, there’s no question that silver is in a bear market: spot silver hit its high on May 1, 2011, and with the exception of one small pop in 2015, silver has been on a downward trajectory ever since. Overall, silver has just been decimated in dollar terms.
Astonishingly, according to Chris Duane, the U.S. mint is now selling an average of 600,000 ounces of silver per month, compared to the average of 4.5 million ounces they were selling per month in 2015. Unfortunately, these are the times when investors tend to chase the “hot” markets, but Mr. Duane believes in buying things that are undervalued and not on people’s radars.
Silver is the only asset class that’s not in a bubble right now, according to Christopher Duane. After oil, silver is the second most versatile commodity in the world, so new technologies – medicines, military uses, etc. – all rely upon the properties of silver. And yet, Mexico, the number-one exporter of silver in the world, only has five years’ worth of silver left to mine.
Moreover, according to Chris Duane, silver is a unique commodity that has properties of being actual money throughout history: silver has been used in more countries over more time than any other form of money, including gold. And with the banks being in power instead of kings and queens, they ascended to power by demonetizing silver in favor of gold and, eventually, fiat currency, which is an instrument of debt.
Courtesy of Sons of Liberty Academy, Isaiah Marquis
So now, what we have is a global, generational, debt-based monetary system, according to Christopher Duane, while silver is being utterly ignored. Yes, silver is in a bear market, but it’s the only asset class he’s going to be in for the next 10 to 20 years.
Mr. Duane continues to maintain his $900 price target for an ounce of silver, based on the historical principle of one-tenth of an ounce of silver being worth one person’s full-day wage of labor. This is an age-old formula which, when updated for today’s average pay for a full day’s work (assuming, let’s say, wages of $9 per hour), should actually amount to $960 per ounce, according to Chris Duane.
Chris Duane has made it clear that he is going to hold on to his silver regardless of what short-term events take place in the markets in the coming months and years. His bold argument in favor of silver ownership is fascinating and definitely worth listening to: Christopher Duane has an urgent message, Wealth Research Group is proud to bring this message to the people.
Wealth Research Group has published a number of full reports to help you navigate these unsettling market conditions. First, you need to download a copy of Wealth Research Group’s Ultimate Report on Safe-Haven Assets so you’ll be prepared for the impending economic crisis. You can also get our Quintessential Gold and Silver Stock Playbook for immediate access to our latest research on the precious metals markets, and you can go here to download Wealth Research Group’s exclusive report on The 5 Essential Steps to Financial Independence.
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
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This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.