Gold Price Predictions That Stunned Me The Gold Bull Run Has Started

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Gold Price Predictions That Stunned Me - The Gold Bull Run Has Started! • #inflation #silver #gold #silverstacking #goldbullrun • #goldmarket • • If you found this video useful, please share it with a friend! Consider subscribing to the channel for videos on investing, business, the stock market, money management, wealth creation, passive income, and other finance-related topics! • Subscribe now: / @investotime • -------------------------------------------------- • today's topic is all about gold. The recent surge in gold prices has been nothing short of remarkable, but trust me when I say, we've barely scratched the surface. • I firmly believe we're witnessing the beginning of an extraordinary bull market. But don't just take my word for it; let's dive in. First off, a massive thank you for tuning in—I truly appreciate it. • If you're keen on learning more about investing in precious metals or simply enjoy awesome content about gold and silver, don't forget to hit that subscribe button on my channel. • So, what's the deal with gold lately? Well, it's been on a wild ride. As I'm recording this, gold is hovering just above $2,400 an ounce, marking an impressive 11% surge in just the past month. • Zoom out a bit, and over the past 6 months, gold has soared by over 22%. Talk about gains! And over a 5-year period? Brace yourself—gold has skyrocketed by a staggering 86%. It's clear as day: we're smack dab in the middle of a bullish market for gold. • Bank of America is bullish on gold, projecting a substantial increase in its price. They foresee gold reaching a staggering $33,000, while also issuing warnings about a potential copper supply crisis. • This forecast comes from one of the world's largest banks, lending significant credibility to their prediction of $3,000 per ounce by 2025. • Joining the chorus of optimism, Citigroup is also revising its outlook, envisioning gold hitting the $3,000 mark as investor interest fuels a rally. • This upgrade represents a 40% increase in their previous price estimate, adding further momentum to the conversation. • UBS is another heavyweight in the financial world, setting a lofty target of $4,000 for gold. They believe there's still ample opportunity for investors to capitalize on this upward trend, drawing parallels to historical surges in gold prices. • Notably, they point out previous instances where gold multiplied in value within relatively short time frames, suggesting that current investors may witness similar gains. • Legendary investor Rob McEwen is even more bullish, predicting a gold price of $5,000. • He attributes this forecast to key factors such as central banks swapping dollars for gold and escalating government spending, eroding the value of fiat currencies and prompting increased gold investment. • And finally, we have one of the heavyweights, Peter Schiff, offering a price prediction of $5,000 for gold. • His perspective diverges slightly, as Schiff believes the Federal Reserve will halt its tightening measures and eventually resort to expanding quantitative easing (QE). • He argues that the US economy heavily relies on QE at this juncture and is on a trajectory back into recession. Schiff notes that gold is currently being sold below production costs due to inflation, and miners are hesitant to invest until gold prices reach the $2,500 to $3,000 range. • He anticipates this scarcity in supply will inevitably propel gold prices to the $5,000 per ounce mark. It's worth mentioning that we're swiftly nearing the $2,500 threshold; it might happen sooner than anticipated. So, are we amidst a gold bull market? • Absolutely. With gold surging over 10% in the past month and major players like Bank of America, Citibank, and UBS all projecting higher gold prices, it seems evident that the gold rush is underway. Moreover, we haven't even reached the frenzy stage yet. • The mainstream media is only just beginning to discuss gold and its record-breaking prices. So, if you invest in gold and it doubles, that's fantastic. It's a solid investment, especially if the stock market takes a downturn. • -------------------------------------------------- • #silver #gold #silverstacking • Business Copyright Issues • email: [email protected] • DISCLAIMER: It's important to note that I am not a financial adviser and you should research stocks to invest in. These are just some of the viewpoints, by no means would I recommend watching one YouTube video and immediately buying that stock. This video was made for educational and entertainment purposes only. Consult your financial adviser. • 🎥 We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use. For any concerns or business inquiries don't hesitate to contact us via email in the “About” section of the channel.

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