In '22/23 he was calling for gold buy. Take heavy positions he said.
His opinion now. $3800 will be the settling price.
And then again start to steadily climb the next decade. If a man wanted to. The current price is around $700 or 15 - 20% overvalued in the moment.
A person could short gold right now and bump their portfolio by a nice chunk. Just sayin
Im sitting it out for a while.
I will say this. If you can find van eks interview. His theory is astitute and us backed by what the uner large investors are doing as long term plays. The dollar cannot be trusted by global players until trump is out of office.
China has attempted to gain investor confidence in its currency. The yuan. The young crew has decided crypto is the long term assett protection play. Some of the smaller countries. The giant players? Government of India, eu countries. Asian federal banks like singapore... They are putting physical gold in their vaults. The iverwhelming opinion being. The next 2 decades carry an unprecedented geopolitical uncertainty unseen in the 75 year oost war era. The crash of '08 as the cautionary tale of taking on to much risk. The #1 safe haven in such moments is still gold.
You younger guys should be considering this. Van ek isnt predicting a crash. But the bull market is already evaporating in most equities w/o AI build out at its core. With AI stocks removed. The bear market has already shown its snarling growl.
There is one area other than AI that is quetly weathering the storm. Small medicine upstarts like ATK. Working on breakthroughs in nuclear/ oncology science advancement some of these smaller companys are already showing success. Leading to the investors succes story of 2030? The merger take over by merck or pfizer that jumps that company from a $10 or $ 20 stock today into A $50 buy offer when merger us announced.
Theres been heavy investment on the young companies the past decade. The payoff is starting to come into view. Talk to your advisor
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