Gold's About to SHOCK Us! Prepare for the BIGGEST Gold & Silver Rally in 50 Years - Peter Grandich

Gold's About to SHOCK Us! Prepare for the BIGGEST Gold & Silver Rally in 50 Years - Peter Grandich

Gold investors who entered the market at the end of 2023 or early 2024 have seen substantial price growth this year. The precious metal was priced at 2,063 dollars and 73 cents on January 1 and has since shattered multiple records. In 2024, gold has surged by nearly 18%, providing solid gains for those who invested early. It reached an all-time high of 2,483 dollars before experiencing a decline. However, JP Morgan predicts that gold prices could regain their momentum in Q4 of 2024. The investment bank forecasts that gold could surge to a new all-time high of 2,500 dollars, offering a potential return on investment of approximately 3.7% in the coming months.
Peter Grandich & Co. recently shared his latest insights on the key factors influencing gold's price and its future trajectory in 2024 and beyond. In an interview, he reflected on how his perspective has changed, stating that he used to dismiss the idea of 5,000 dollars or 10,000 dollars in gold as foolish but now considers such numbers as legitimate possibilities within a few years due to a combination of factors, including those not yet discussed. Grandich also highlighted the impact of the BRICS nations, suggesting that their unification will have a transformative effect on global trade, comparable to the Industrial Revolution.
Recent times have seen a notable shift in financial preferences, with a growing emphasis on gold. Asians, in particular, continue to purchase gold despite its rising price, marking a significant departure from past practices. This gold rush is transforming the global financial landscape. Despite the surging price of gold, both individuals and nations are increasing their purchases. According to the World Gold Council’s Q1 2024 Gold Demand Report, global gold demand has risen by 3% overall.
Grandich pointed out that while the Bank for International Settlements now considers gold a tier-one asset alongside stocks and bonds, many investment portfolios still lack significant gold exposure. This, combined with the fact that gold isn't yet a mainstream topic among the general public, reinforces his bullish outlook on the metal's future.
People are getting impatient with the Federal Reserve. For the past year, the Fed has kept interest rates at their highest level in more than two decades, making it more expensive to get a mortgage, borrow money, and pay off debt. Now, the central bank is mulling over when to do something it hasn’t done since the darkest days of the pandemic: cut interest rates. The Federal Reserve is gearing up to cut interest rates as soon as next month, which could bring relief to people with mortgages, credit cards, and car loans. But it could be a bumpy ride until then.
Peter Grandich believes that the influence of the Federal Reserve on gold is waning, arguing that its role is now far less significant than it was decades ago. He cautioned that a simple cut in interest rates wouldn't magically solve everything. Addressing the gold market, Grandich explained that long-time gold investors used to argue that gold was manipulated through a two-tier market—one controlled by paper markets in London and New York and another in the physical market. However, he believes this dynamic has changed.

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[fudogwhisperer]

I backed the truck up this last pull back on silver

[luffebassen]

"Gold to hit 2500 by years end."
Wauw what a Oracle

[ronaldl]

Let the man do his talk. Stop these computer voice overs.