How high can the gold price go? … with the demand from institutional and pension funds, there is no reason to believe that we won’t be seeing $3000 gold in the next 12 months.
Pension Funds Join the Gold Party – Things Are About to Get Interesting. An article by Jeff Clark.
The gold industry is so tiny compared to the amount of cash held by institutional investors that it would easily and completely overwhelm it. Gold prices could ignite from this catalyst alone.
When gold and silver prices correct It gives us an opportunity to add more ounces at a better price.
Investors appear to be leaping into precious metals, expecting inflation to eventually take hold and skyrocket due to such a drastic increase in the global money supply.
Gold can promote mental health because it gives us financial hope. Because it provides greater overall financial well-being and resilience.
Since gold and silver are money, it’s important to view them as such, and not as “investments”. Yes, we’re convinced we’ll make a profit on them, but the deeper purpose lies in their monetary value.
The Dow and S&P have crashed. Real estate has frozen up. The bond market is a bloodbath. But gold and silver prices are soaring. Welcome to the wealth transfer.
As we move into the second half of 2020, gold is increasingly likely to serve as an effective and necessary hedge, particularly in light of the Fed’s dovish stance, ongoing geopolitical conflicts, and the risks associated with the recession, stock market volatility, and US election.
Recently the IMF predicted that the situation is now worse than reported – “unlike anything the world has seen before.” and named it: “The Great Lockdown.”