Bank failures, de-dollarization, persistent inflation, interest rates and debt ceiling limit increases… what else could go wrong? According to Nouriel Roubini, “Gold may be your best protection as the mother of all debt bombs and nine other megathreats are looming.” Roubini goes on to forecast a gold price of $3,000 an ounce in 5 years. Bloomberg Intelligence said the “missing driver to take gold to $2,000 is here, and it’s the banking crisis… and the result this time around could be rising to the $3,000 level.” Wells Fargo said, “Commodities are in a supercycle.
We’re structurally undersupplied across the commodity complex …the shortest supercycle on record is nine years. We are only in year three. We have at least another six years to go. Based on historical analysis of commodity supercycles, gold will at least double, and Wells Fargo is looking at the $3,000 target.” It’s no wonder that according to The Financial Times, “Investors Are Going Gaga For Gold.” Data from the World Gold Council published this month shows that central bank purchases hit a record high in the first quarter of this year, after record annual highs in 2022.
The latest Gallup Poll stated, “Gold is catching up to real estate as the best long-term investment, with American investors’ perceptions shifting due to higher interest rates and increased stock market uncertainty. The view that gold is the best long-term investment jumped from 15% in 2022 to 26% — the highest levels since 2012. Gold has overtaken stocks as the second-most preferred investment and has come close to the number one spot, with more than a quarter of Americans viewing gold as the best long play.”
In April 2023 Google searches for ‘How to Buy Gold’ hit record levels in April as prices trade at $2,000. “With gold rallying to near all-time highs in April, Google searches for “how to buy gold” soared to record levels in the U.S., according to Google Trends data going back almost 20 years ago.” If you’ve read this far, you’re interested, you should be, why not make the call (800-974-4653), request a FREE Precious Metals Guide and open that poolside next week instead of Vanity Fair and plan ahead, so next winter you can be sitting poolside again enjoying the sunshine and have one less thing to worry about.
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