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With gold near US$2,000 per ounce and silver close to US$25 per ounce, investors want to know where prices are headed next. Jeff Clark of TheGoldAdvisor.com thinks gold has the potential to hit US$2,500 this year, while silver could reach US$30.
“I think this is the time you need to get long,” he said. “I don’t think — gold’s not going back down to US$1,500, silver’s not going back down to US$15. The only way they would have a crash at this point is if all markets crashed like we saw in the COVID crash — everything crashed temporarily. That’s the only thing that’s going to cause that.”
This interview was filmed on April 6, 2023.
#Investing #Gold #Silver
0:00 – Intro
0:40 – Current resource sector sentiment
2:48 – Gold’s most important drivers right now
7:05 – The Fed, inflation and the banking crisis
11:24 – Is US$2,000 a good price for gold?
14:53 – Gold stocks need this catalyst to move
17:00 – Volatile silver can hit US$30 this year
22:29 – Why Jeff prefers junior explorers
24:06 – Final thoughts — “you need to get long”
26:16 – Outro
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