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With gold below US$2,000 per ounce once again, many investors are wondering what its next move will be.
Chris Blasi, president of Neptune Global, believes gold is in a long-term secular bull market, which means that despite is recent decline, the yellow metal still has plenty of room to run. He said the first leg of the bull market ran from 2001 to 2011; then the second leg brought a pullback of 50 percent, with a bottom for gold in December 2015.
The third leg is now taking place and could end in a parabolic blow off. “As long as this keeps playing out … gold should be substantially higher in the next few years,” he said.
This interview was filmed on May 30, 2023.
#Investing #Gold #Silver
0:00 – Intro
0:28 – Physical gold and silver demand
4:11 – Gold is in a secular bull market
9:22 – Banking crisis and Fed’s next steps
13:56 – Debt ceiling and de-dollarization
19:42 – Gold to thrive as chaos grows
25:36 – Platinum and palladium markets
27:48 – Chris’ final advice for investors
30:14 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.