Bill Baruch on Precious Metals: Selling CEF Gold & Silver Trust for OUNZ Merk Gold ETF

Precious Metals Market Overview

• 🚀 Silver has surpassed $100 for the first time ever, with a 5% increase today.
• 📈 Gold has reached a new record high, with predictions suggesting it could hit $5,000 and beyond.

Rationale for Selling CEF Gold & Silver Trust

• 💡 Bill Baruch has been trading gold and silver since 2007-2008 and has waited 10-15 years for current market conditions.
• 📊 The CEF Gold & Silver Trust has seen its silver allocation grow significantly, now representing 45% of the ETF, up from 20% four years ago.
• 📉 The gold-silver ratio has dropped to support levels, indicating that gold may outperform silver.
• ⚠️ Despite believing that $5,000 gold and $130 silver could be the "middle innings" of a rally, Baruch is taking risk off the table in wealth portfolios.

Portfolio Rebalancing Strategy

• 💰 Baruch is selling his position in CEF and reinvesting the proceeds into OUNZ, which is a straight gold ETF.
• 🎯 This move aims to capitalize on potential gold outperformance while reducing exposure to silver's volatility.
• ✅ Over the past year, CEF has outperformed GLD and OUNZ by 40%.