Gold May Rise To $2,000/oz This Year Due To Strong Coin and Bar, ETF and Central Bank Demand

Last update February 25, 2020

Mark O'Byrne February 25, 2020 SNB & CHF

by
Mark O'Byrne
My articles My books My videos
Follow on:Twitter LinkedIN

Summary:
IGTV interviewed Mark O’Byrne, Research Director at GoldCore about the outlook for gold and silver bullion. He is bullish on both precious metals in the medium and long term. The fundamentals are very strong with strong central bank demand and ETF gold holdings reaching an all time record high due to deepening political and economic risks. Silver at /oz and one eightieth of the price of gold is fundamentally undervalued and at some stage it will surge in value to catch up with gold. There will likely be a global recession and a global financial crisis and this will see gold and silver become valuable hedging and safe haven assets again. [embedded content] Is Silver the Most Undervalued Asset Today? [embedded content]

Topics:
Mark O'Byrne considers the following as important: 6a) Gold & Bitcoin, 6a.) GoldCore, Daily Market Update, Featured, newsletter

This could be interesting, too:

Vibhu Vikramaditya writes Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression

Ryan McMaken writes Frédéric Bastiat Was a Radical Opponent of War and Militarism

Douglas French writes Millennials: In Costco We Trust

Joseph T. Salerno writes What Fed “Independence” Really Means

IGTV interviewed Mark O’Byrne, Research Director at GoldCore about the outlook for gold and silver bullion.

He is bullish on both precious metals in the medium and long term. The fundamentals are very strong with strong central bank demand and ETF gold holdings reaching an all time record high due to deepening political and economic risks.

Silver at $18/oz and one eightieth of the price of gold is fundamentally undervalued and at some stage it will surge in value to catch up with gold.

There will likely be a global recession and a global financial crisis and this will see gold and silver become valuable hedging and safe haven assets again.