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ggg666
Feb 8, 2020 11:26 AM

The trade of the decade Long

Global X Silver Miners ETFArca

Description

As you all know, the Gold/Silver ratio OANDA:XAUXAG is high enough to trigger a Silver mania once again when the recession hits.
The entry point is $30.5 or now, expecting a target of 50-60$ by the end of the year.
Doubling your money in less than a year is great enough, and please note that such ETFs perform better than OANDA:XAGUSD prices for a simple reason:

If you are creating something that costs 1000 and selling it for 1100, your markup is 10%, and profits are 100$
If it's the price increase to 1200, your profits 200$ doubled from 100$

So holding this asset for 1100$ and selling it at 1200 will make you 100$ in profits while having the company shares may double your investment (of course there are other parameters to watch)
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