American Bullion is proud to announce the winner of the 2021 Annual Scholarship Essay Program! If you are considering entering or wondering how to win a scholarship of your own, read the essay below to learn more. Winners are selected from qualified entrants each year, and the entry of a winning student can help you learn how to get a scholarship of your own.
A college scholarship of $1,000 has been awarded. Well over 1000 applications were received in total and the talented student below was awarded a scholarship worth $1,000. Applicants were asked to write an essay answering the question, “Are $5,000 Gold and $100 Silver Possible Within the Next Five Years?” Participating students offered a wide range of viewpoints, each with its own approach and opinion. American Bullion is proud to award this scholarship to the deserving student below. The 2021 winner is:
Sanwal Dilshad – California State University, Fullerton.
Nevtan Akcora, Co-Founder and President of American Bullion said, “I am very happy to see the number of applicants to our annual scholarship contest continue to increase each year. And I am very excited to see that so many millennials understand the importance and potential of alternative investments, such as gold and other physical precious metals. Again, I’d like to thank all of the participants for their submissions in this year’s competition and wish the best for all in their academic endeavors and beyond.”
Winners’ Thoughts & Essay
“I am a first generation college student pursuing a bachelor’s degree in kinesiology. I plan on attending a DPT program upon graduation to become a physical therapist. I am extremely grateful to be selected as the winner for this year’s scholarship. This prompt gave me an opportunity to think deeply about the implications of today’s economic trends on the commodities of gold and silver. Despite inevitable volatility in the world around them, these metals have maintained their growth throughout the years, and this trend only seems to increase in the coming decade.”
“Are $5,000 Gold and $100 Silver Possible Within the Next Five Years?”
Gold has had a rich history of being one of the most valuable commodities in the world. Asperennial as its reputation has been, it seems that its noise has been drowned in recent years due to the growing interest in the stock market as a result of the knowledge and availability offered to the common consumer through apps such as Robinhood and Crypto.com. However, perceptive individuals have maintained their interest in the commodity and recent economic trends point to its value increasing to an unprecedented degree within the next 5 years. According to Trading Economics, the national inflation rate has risen to a 13-year high of 5.4% this summer. This is due to anamalgamation of reasons, including the COVID-19 pandemic, increasing wages, and the push from citizens to involve the government more into the capital market. An increase of the current gold price of $1,784 by the same percentage would result in an increase of approximately $96.34 within a year. Ofcourse, inflation and gold price do not have a 1:1 ratio, but this hypothetical value is staggering considering the trend of the US dollar.
Another unsung catalyst to the increasing prices of these metals is the public’s willingness to invest in the new-age “meme stocks” with no prior experience with the stock market. Cryptocurrencies such as Dogecoin implement pump-and-dump schemes facilitated by social media pages, causing the public to swarm in and invest their money in the stocks. This same trend has been seen in stocks such as AMC and Shiba. However, stock price is not reflective of the efficiency of a company. This leads to early investors pulling out their money in drones, leaving the majority of people to suffer detrimental losses to their investments. Why is this supposedly innocent game of pump-and-dump important to the topic of rising metal prices? This answer comes in the history of the relationship between stocks and metals. In a period of uncertainty within the stock market that is exacerbated by pump-and-dump schemes similar to the ones seen in 2021, investors will begin turning to metals as a safe commodity during a time of a failing market. Gold’s best friend is a poor stock market, and the investments of uneducated investors seeking to make a quick profit will turn erudite investors back into the metal market.
As a forementioned, the US dollar is decreasing in value more than ever before. If we were able to be parochial in our research of this phenomenon, we could point to this being a result of transient factors that will eventually disappear after the pandemic. However, there is an overarching problem in the nation that may point to the most significant support for gold and silver reaching the $5,000 and $100 nation that may point to the most significant support for gold and silver reaching the $5,000 and $100 marks, respectively. The US debt currently sits at $24 trillion and has no signs of slowing down. In the year 2000, the federal debt to GDP ratio was 55.81% and now sits at an alarming $125.96%.
Unlike factors such as wage increases and government involvement in private businesses, this issue will not simply diminish with change in administration or petitions made at a few scattered rallies across the nation. What these figures point to is not whether or not gold and silver will reach their respective milestones, but rather when. As volatile as the demand for silver is, its value will be dictated by the trend of the dollar, regardless of its external factors. The pervasive problem of national debt gives support to the idea that the price of gold will reach $5,000 within the next 5 years, and silver will eventually reach its $100 price, with a good chance of this occurring in concinnity with gold. The implications of this data should urge consumers to consider investing in the commodities of gold and silver. Unlike the highly unpredictable stock and job markets, these metals provide citizens with security in their savings and trust in their investments. There is a reason that these metals have been used as investments for centuries, and the issues faced by the nation today amplify all of these reasons to an unprecedented degree. If you ask most citizens what they desire for in a time like this, there will be an overwhelming number of responses citing the word “stability”. Gold and silver can be the answer to this aspiration. trend of the dollar, regardless of its external factors. The pervasive problem of national debt gives support to the idea that the price of gold will reach $5,000 within the next 5 years, and silver will eventually reach its $100 price, with a good chance of this occurring in concinnity with gold. The implications of this data should urge consumers to consider investing in the commodities of gold and silver. Unlike the highly unpredictable stock and job markets, these metals provide citizens with security in their savings and trust in their investments. There is a reason that these metals have been used as investments for centuries, and the issues faced by the nation today amplify all of these reasons to an unprecedented degree. If you ask most citizens what they desire for in a time like this, there will be an overwhelming number of responses citing the word “stability”. Gold and silver can be the answer to this aspiration.
The views and opinions expressed in the above essays are those of the authors and do not necessarily reflect the views of American Bullion, Inc., its affiliates, or its employees. American Bullion does not guarantee the information’s accuracy or completeness, and does not recommend that the information serve as the basis of any investment decision.
Although the information in this commentary has been obtained from sources believed to be reliable, American Bullion does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. American Bullion will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.
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