According to the expert, since the beginning of the current 2021, the yellow precious metal has been in a downtrend, but in general, the fundamental data still speaks in favor of the gold market. "At the moment, all the fundamental data are in support of gold, so many investors do not understand why the value of the precious metal is declining."
According to his forecast, the price of gold this year could rise to $ 2,500 an ounce, and silver to $ 50. At the same time, he emphasizes that investors should focus on building their wealth, rather than following every price movement.
“We are now seeing a big bull market that happens once in a generation. This is a huge bullish cycle in the commodity market, and are you watching the rise of one ounce of gold? We need to look more broadly at the whole perspective of what is happening, ”the expert shared his opinion.
In addition to buying physical gold, he advises taking a closer look at the shares of gold mining companies, especially large ones that have long established themselves in the market.