Joe Foster, managing manager and analyst for the gold market, is confident in the continuation of the price rally in the precious metals market. He predicts the growth of yellow precious metals to $ 2000 per ounce and above. The following properties of gold will become drivers of its price growth in the near future:
1) Gold has no risk of the opposite side;
2) The amount of precious metal in the world is limited;
3) Gold exists outside the financial system;
4) Recognition of it in the world as a protective asset.
“The properties of yellow precious metals mentioned above make it an optimal investment asset, with which you can protect your savings from total depreciation. It should become part of every investment portfolio in order to stabilize it. If you add gold or shares of gold miners to it, then you can count on the best profitability with minimal risks, ”said Foster, published in a VanEck review.
He further explains: “We believe that significant changes have begun in the world, caused mainly by four categories of systemic risk, namely deflation, debt, inflation and loss of confidence. This shock state supports gold prices and stocks of gold mining companies, which usually grow faster than precious metals. ”