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With the new year ahead, EB Tucker, author of “Why Gold? Why Now?” shared his thoughts on gold and silver, saying that US$2,000 per ounce and US$30 per ounce are important levels to watch. He also spoke about the approach he thinks investors should take this year.
“I think what you want to do is you want to do all your homework and figure out where you want to put your money. And you want to do that this quarter,” he said, adding that he expects the US Federal Reserve to keep raising interest rates until there is “massive pain.”
“Reality has not set in for companies and for people, and that’s going to happen fast,” Tucker continued. “When that happens, it’s going to be very quick, and I think you’re going to see new shifting of policies. You want to be ready before that happens.”
This interview was filmed on January 25, 2023.
#Investing #Gold #Silver
0:00 – Intro
0:30 – Why the gold price is moving now
6:29 – Supply has no bearing on gold price
13:04 – Central bank gold buying in 2023
19:23 – Can the US stop de-dollarization?
22:36 – Investing as world splits into zones
29:43 – Gold and silver price levels to watch
35:02 – Get off the beach, get back to studying
38:33 – 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.
