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Gold is headed to a new all-time high, and Jeffrey Christian of CPM Group doesn’t think it needs a catastrophe to get there.
“There are a whole lot of issues that are lined up against the value of wealth right now. Looking into 2024, 2025 we see a lot of really good, substantive, real reasons to have some of your assets in gold,” he explained at the Rule Symposium.
“Not because gold’s going to US$,10,000 (per ounce) — it’s because gold is going to average more than US$1,900 this year on a record annual basis, and it may well in our projections average more than US$2,000 next year, which will be a further big increase to another record high,” Christian continued. “So we see gold prices rising to record highs, but we’re not on drugs. We’re not on steroids.”
This interview was recorded on July 26, 2023.
#Investing #Mining #Gold
0:00 – Intro
0:26 – Is the banking crisis really over?
1:39 – Fed may have hiked for the last time
4:40 – Recession likely, but not this year
6:48 – Thoughts on FedNow system
10:59 – What to expect at BRICS meeting
15:35 – “De-dollarization is a myth”
18:55 – Gold price outlook for 2023
21:21 – Rare earth magnet replacement
26:20 – 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.