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@Anselmo Whilst I struggle to disagree with the general thrust of what you are saying the other PGM price drivers are:
(1) real interest rates - low or negative real rates support PGM
(2) Dollar strength - inverse relationship. Likely multi-$trillion post-election 'deal' unlikely to help dollar
(3) negative rates bonds - negative real returns make gold an increasingly attractive alternative
(4) Pensions - starting to move into gold and gold miners in very small way ... likely to accelerate
(5) Miner valuation relatively low - so Apple MCap will buy all Global gold/silver miners 2 or 3 times over!
(6) Gold/silver miner/metal ETFs - used as cash proxy so if stocks tank ETFs draw down to release cash to meet margin calls, ETFs shed real metal and forces metal price down
(7) Increase in global money supply - tends to increase inflation affecting real interest rate as central banks suppress their interest rates
(8) Global monetary reset - if it happens will it be backed by gold, global crypto, SDPRs or something else?
... need I go on, but these things do not move in a straight line?
AIMHO APR
But at what price 10p a share or more
So by your calculations it would make seance for a major to snap up all the small ones like us, before we find the larger strikes that pump up our SP
Just skip the 3T story... Thx
People need to understand few factors here:
Currently, the gold price is increasing because there is a clear need for a safe haven investment,enet. We have seen Federal rate cuts, and the stock markets tanking. This has seen investors look to move their money into more secure investments, and gold is one of the best such investments.
Is it the right time to buy gold?
Now is probably one of the best times to buy gold. It has been ona bullish run for almost a year but instead of turning around it is expected to accelerate because of the fall out of the Covid-19 pandemic.
What would be the gold price in 2020?
Having already grown by a few hundred dollars in the first quarter of the year, it is expected that gold’s price will grow even quicker for the next few quarters. There is every chance it will get close to $2,000 an Oz, but probably fall just short of that resistance level.
What will be the price of gold in 2030?
But 2030, the price of gold will likely be a lot higher than where it is today as the Covid-19 recession will help spike its price. The price may fall back a little from there but more than likely other factors will help grow it again by the time the next decade comes around.
In the world of investing, there is of course always going to be risk and potential for loss. Gold is no different, but it is also one of the least risky investments that there is. It is an asset that will always be in demand, either for its uses in Jewelry, or electronics, and it is also in demand from central banks as well as investors.
Gold is also a resource that has an uncertain, but scarce, supply. This supply is also always dwindling which means the demand will keep rising along with the price. More so, the factors that impact the future gold’s price prediction are only going to get more relevant with the Covid-19 crisis and the ongoing need for a safe haven asset.
Year Gold Price Prediction
2020 $1,884
2021 $2,312
2022 $2,149
2023 $2,221
2024 $2,288
2025 $2,312
2030 $2,732
"Investing in gold has never had a better time to start than right now, the price is primed to explode!!!!!!!"
3 Tons of gold was dig out from this mine, worth in current value 160.000.000$ - the reason why they stop was very simple gold was worth 300$ per ounce - today is worth over 1940$ per once - do the maths folks :)
Easy to forget that the Gold : Silver ratio of 1:80 is historically very high and likely to drop back towards long term average of 1:20 implying a potential 4x uplift in silver price even if Gold stays static. As silver has been found in very large quantities relative to gold at numerous of GWMO licences this is VERY positive.
Gold and silver's impressive rally this summer is just the start of the precious metal bull market, according to one Canadian Bank.
In a report published Tuesday, commodity analysts at CIBC upgraded their gold and silver forecasts for the rest of the year into 2021. The analysts said that they see gold prices averaging the third quarter around $1,925 an ounce. The average goes up to $2,000 for the fourth quarter, the analysts said.
Looking ahead, CIBC sees gold prices averaging $2,300 an ounce in 2021, $2,200 an ounce in 2022, $2,100 in 2023 and $2,000 an ounce in 2024.
Do your maths folks ... Current sp is at bargain rate
Gla