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Ryan McIntyre of Sprott shares his thoughts on gold as the yellow metal trades near all-time highs. He noted that gold hasn’t looked back after starting to rally at the beginning of March, and said there’s a missing piece of demand that could send the price higher.
“Probably one of the most unusual parts of this gold rally over the past month and a half is that you’ve actually continued to see a decline in gold holdings by global ETFs,” said McIntyre. “I think it’s a very unique circumstance, and one that I think we’re probably going to see reverse and probably add to what are already pretty good gains on the gold price.”
This interview was filmed on April 11, 2024.
#Investing #Gold #Silver
0:00 – Intro
0:26 – What triggered gold’s price rise?
2:00 – Central banks and de-dollarization
5:56 – The missing factor in gold demand
8:38 – Holding gold key for protection
12:50 – Gold stocks a tactical opportunity
15:48 – What’s in store for the silver price?
19:55 – How much gold to own now
20:55 – 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.
