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Mark Skousen of Forecasts & Strategies recommends investors diversify their portfolios, with gold and silver included as part of the mix. However, he said the yellow metal needs a weak US dollar to break US$2,000 per ounce and stay there.
“The only way I think gold will break through and stay above US$2,000 is if the dollar becomes weak,” he said. “And the dollar’s not going to become weak until interest rates start coming back down — that will cause the dollar to drop.”
This interview was filmed on November 2, 2023.
#Investing #StockMarket #Gold
0:00 – Intro
0:39 – Mark’s work at Forecasts & Strategies
3:39 – How gold could break US$2,000
7:05 – Emerging market debt crisis
9:03 – Building a diversified portfolio
11:35 – Uranium bull market running
13:09 – Markets in an election year
14:41 – Recession and global instability
17:07 – Dos and don’ts for investors
19:23 – 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.
