‘Pretty insane to buy silver’ at these levels, but ‘resource nationalism’ means ‘there's definitely upward scope for gold’ – UBP’s Kinsella | Metals Mine

  • ‘Pretty insane to buy silver’ at these levels, but ‘resource nationalism’ means ‘there's definitely upward scope for gold’ – UBP’s...

    From kitco.com

    Investors shouldn’t expect returns from silver at these levels, but gold still has significant upside in the new era of resource nationalism, according to Peter Kinsella, Global Head of FX at UBP. Kinsella was asked by Bloomberg what investors should do with silver up over 30% on the year. “Well, you don't buy it at current levels, that's for sure,” he said. “I think you'd want to be pretty insane to buy silver, given the 50, 60% rally since literally two or three months ago. But more so when you look at the volatility profile: Implied vol 65%, going to be probably 70%. So if you're buying at current levels ... (full story)

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