Silver will go 'crazy' in 2022, gold to break $2k again, speculation will end - E.B. Tucker
2022 is the year speculative money recedes from the markets, said E.B. Tucker, director of Metalla Royalty.
"Everybody is a speculator, and so next year, I expect this speculation runs out of gas. There's no more stimulus check coming. There's more liquidity coming into the average person's pocket. They got a raise this year, but everything they're buying is going up in price. Sales are slowing down. The refinance boom is slowing down," Tucker told David Lin, anchor for Kitco News. "Next year, you're going to see a rotation out of [stocks] and you're going to see a move into something real."
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Tucker predicts that next year, silver will "go crazy" as capital rotates into precious metals.
For Tucker's gold outlook, watch the video above.
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