David McAlvany examines the metals markets, calling them a “core allocation, not a trade.” He compares holding the metals themselves with investing in mining companies. He thinks gold is in a “big, bullish trend” as central banks move away from the dollar and into gold – investing “double” what they did in 2022 in the yellow metal. David looks at the gold/silver ratio, calling silver an “amplifier” and describing its usual relationship to gold. He thinks they can end the year at $4,000 for gold and $50 for silver.