Unlike many other precious metals analysts, Santiago predicts a decline in gold prices in the current year 2021. But in subsequent years, the cost of the precious metal will show significant growth. “I like the current behavior of gold. I would not want its price to rise now. In my opinion, in the coming years gold will show very rapid growth, ”- this opinion was voiced by the expert during the interview.
We are currently seeing increased volatility in the gold market, which began after rising to a record price in August 2020. “After a parabolic upward rise, there is always the same downward decline. We are now witnessing a phase of correction, ”says Santiago.
According to his forecast, this year the average cost of the precious metal will be $ 1,700 per ounce. He believes that investors should look to silver. Both precious metals will generally have difficulty growing. And when did they have no problem with it? Perhaps only until 2011.