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$8,000 Gold? You call that "Conservative?"Michael Oliver Interview provides the logic behind his projection.
It seems clear now that precious metals are breaking out toward what will likely be a new high that is unbelievable to all investors who psychologically price everything in US dollars. The problem with that is that while gold retains its same purchasing power over centuries, the US dollar is now approaching the time when it heads toward the historical home of all fiat currencies, namely the dustbin of history. Investors should have gold bullion as a foundation of their investment portfolios especially at times like these. Shares of precious metals shares can do even better than bullion in a bull market but carry considerably more risk, especially in gold bear markets. We gold share investors have not had an enjoyable past few years but it looks like that’s about to change. J Taylor's Gold Energy & Tech Stocks is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. That may seem ridiculous to most investors just as $35 to 850 seemed ridiculous to most in the mid 1970s and $200 to $2,000 seemed outrageous to investors in the early 2000’s. There are no guarantees here, but for the earthly well being of human beings here and now, it looks like gold’s day has arrived. Best Wishes, Jay Taylor J Taylor's Gold Energy & Tech Stocks is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. You're currently a free subscriber to J Taylor's Gold Energy & Tech Stocks. For the full experience, upgrade your subscription.
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