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Below my transactions (older than 1 month) from group J: info
Between August 11, 2020, and April 25, 2024, I made a total of four purchases. The estimated return was 80%. With an average return of 87% now, that was easily achieved. I expect gold prices to rise even higher. However, the ETF website aims to achieve a specific return within a certain timeframe. That return is there, and it has lasted longer than usual. So, a sale is imminent.
Between August 12, 2020, and August 6, 2024, I made a total of 15 purchases. The average long-term target was 77%. That target has now almost been reached, so I've sold. I expect a much higher silver price. However, the ETF website's goal is to achieve a specific return within a certain period. That period has already lasted longer than usual, and the return has almost been reached. Therefore, a sale follows.
Goal achieved.
Uitgever ETF: WisdomTree
Ticker: PHAG
ISIN: JE00B1VS3333
Valuta: Euro
Beurs: Euronext Amsterdam
Silver has been pulled down with the rest. But gold is holding up nicely. Silver has therefore fallen too hard for the short term. For the longer term, the scarcity of silver will push the price higher.
Mission accomplished.
Inflation that remains too high, geopolitical tensions and many currencies under pressure are all reasons why silver will rise. But the main reason is that production has been lower than demand for 3 years. This will be the case again this year and in the years to come. Because there will be virtually no additional silver production, while the energy transition will continue to increase the demand for silver.
Ticker: PHAU
ISIN: JE00B1VS3770
There are several reasons why the gold price will continue to rise. Non-Western central banks bought and are still buying an extremely large amount of gold. Geopolitical tensions are increasing. The BRICS countries want to come up with their own gold-backed currency. Many currencies, including many Asian currencies, are under pressure, causing people to flee into gold. High inflation is persistent and because more interest rate increases are not possible due to the high debt mountain, it is almost impossible to combat it.