Gold Price @ $2,400
Fantastic interview! Love the quote “Mr Powell has to feel like a porcupine in a balloon factory”.
The conflict in Eastern Europe is likely to be protracted, and energy prices will respond by rallying even higher from current levels, said Pierre Lassonde, chairman emeritus of Franco-Nevada and CEO of Firelight Investments.
“I think that Mr. Putin calculated that this was going to be an easy, quick win for him, to just roll into Ukraine and essentially put Humpty Dumpty back together, which was what he was trying to do. His plans are not turning out exactly as he had wished. With the Germans now changing tack and saying, we’re going to provide military help, that has changed the possible outcome of this war quite dramatically. The longer it lasts, the more profound the impact is going to be, particularly on the energy market. If this goes on for two, three weeks, a month, I think you’re looking at $200 oil,” Lassonde told Michelle Makori, editor-in-chief of Kitco News on the sidelines of the BMO Global Metals & Mining Conference.
Gold Price @ $2,400
large gold nugget
With the nuclear Winter in cryptos and stocks. The go to place will be silver and gold! According to the technical and charts, gold could go up to $2500.00-$3,000.00 this year. Then after that we could see a run on gold that would be explosive.
I realize there are some who are reading this and looking at the video who believe that this is just wild speculation that gold could reach $2,400 an ounce. Well, you could be right, but, I’ve seen other knowledgeable market insiders who are predicting that gold could reach $3,000 an ounce this year!
Personally, just being a weekend gold prospector, I really cannot make an informed guesstimate as to what the spot gold price could hit this year. But, with that said, I’m a little disappointed the gold and silver have not really exploded in price by now!
With what’s happening with Russia and Ukraine, I would personally think that we would be well over $2,000 an ounce for gold by now. Sure, gold is a little over $1,900 an ounce as I’m writing this, but, also Russia has just announced that they’re putting their nuclear arsenal on alert!
This makes me wonder that once we see a cooling down of the Russian Ukrainian conflict, we might see a substantial drop in the gold and silver prices. Just perhaps, if such a drop occurs, it might be an exceptional buying opportunity either through stocks, ETFs or the physical metal itself, to get into the market so you could have at least a small percentage of your investment portfolio in precious metals.
I think that by cutting off Russia from SWIFT, we may be hastening the demise of the dollar as the world currency. With all the gold that China has been purchasing, I think there is a very distinct possibility that the Chinese currency, backed by gold, may become the new world’s currency.
Unfortunately if this occurs, the United States will be hit hard because of our huge deficit spending, and we could end up as the world’s largest debtor and in a massive depression.
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