Invest in Silver Today for a 31.5% Profit in 2017

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Anyone who chooses to invest in silver today (Friday, March 31) will set themselves up for a 31.5% return on their investment by the end of the year.

have already seen a huge rally so far in 2017. They’ve climbed 13.9% from $15.99 on Dec. 30 to $18.25 this week. Prices are on track for a 2.8% rise just this week alone.

And Money Morning Resource Specialist Peter Krauth has identified one other factor that will push the price of silver 31.5% higher to $24 this year. It’s a geopolitical crisis that deals with the ongoing currency turmoil in the world’s most dominant silver nation.

Before we get into this crisis, here’s why silver prices are on track for a big weekly gain…

This Silver Investing News Has Pushed Prices 2.8% Higher This Week

The big reason behind the silver price rally this week has been increased volatility in the stock market.

You see, the Dow Jones Industrial Average enjoyed a historic rally following the U.S. presidential election. From Nov. 8, 2016 (Election Day) to March 1, 2017, the index soared 15.2% from 18,332.74 to 21,115.55. The Dow Jones traded above 20,000 on Jan. 25 for the first time in history. Just five weeks later, it shattered a new record and traded above 21,000.

The incredible rally came on the back of Trump’s promises of deregulation and corporate tax cuts. In February, he said he would soon release his proposed tax plan that would cut corporate taxes from the current 35% to 15%.

But now markets are starting to worry that Trump’s promised tax cuts won’t go into effect anytime soon. Congress’ fruitless effort to repeal and replace Obamacare has investors losing faith in Trump’s ability to fulfill his promises. This has led to a market sell-off this month, with the Dow Jones falling for eight straight sessions from March 16 to March 27.

When the stock market drops, investors pile into safe-haven investments like silver. Safe havens are the kinds of investments that either maintain value or increase in value during market volatility. Instead of being used for short-term gains, they’re typically held in one’s portfolio over the long term.

That’s why Krauth – a veteran of the gold and silver markets with over 20 years of experience – just identified a bullish catalyst for gold prices in 2017.

It’s a controversial news story in the silver market’s most powerful country that could send prices 31.5% higher to $24 this year.

Here’s why it will have a tremendous impact on the price of silver…

This Country’s Crisis Is Why You Should Invest in Silver Today

India’s currency crisis could push the silver price to record highs by the end of the year.

You see, India is the biggest silver importer in the world. In 2015, the country brought in 340 million ounces of physical silver. That put it ahead of the United States, which only imported 193 million ounces that year.

And the country’s silver demand could skyrocket if its government enforces a new monetary policy…

On Nov. 8, 2016, Indian Prime Minister Narendra Modi made a surprise announcement. He said on national television that the 500- and 1,000-rupee notes would be demonetized and removed from circulation. Since those two denominations were the country’s most common rupee notes, the announcement invalidated 86% of the cash in Indian circulation.

The move has dramatically impacted India’s economy. Banks across the country immediately faced cash shortages, which have hit small businesses hard. That’s because roughly 98% of all consumer transactions in the country are done with rupees, according to a Jan. 17 report from Bloomberg.

But the move has had an unprecedented impact on the country’s gold demand. After Modi’s announcement, local gold prices in India rocketed to $2,800 an ounce as citizens quickly converted their rupees into gold.

Krauth says this soaring gold demand could urge the Indian government to pass a new statute limiting how much gold citizens can own. This would undoubtedly send them into the only alternative metal – silver.

If Modi passes this gold law, Krauth says prices could rally to $24 an ounce by the end of the second quarter. That would be a stunning 31.5% gain in less than four months.

“Rumors that the Indian government will restrict the amount of gold individuals can own, which will only push the metal-buying public – hundreds and hundreds of millions of people – into silver,” Krauth said on Jan. 12.

 

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