Gold (GC=F) prices retreated late Monday morning after hitting a record high of $2,100. Investors are betting that the Federal Reserve will start cutting rates next year. Bloomberg Intelligence Senior Macro Strategist Mike McGlone says prices are trying to hold on to the $2,000 support, which used to be a price of resistance.
McGlone believes that gold purchasing will remain high, noting “the deepest pockets on the planet are buying gold. That’s central banks.” Overall, McGlone believes gold “is in the early days of a bull market.”
Watch the video to hear why McGlone says “this is not our fathers’ gold market.”
#youtube #Gold #stockmarket
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In the late 1990s, “economic experts” and “reformers” advised Ukraine to stop gold mining due to “economic impracticality” (c). This is all you need to know about the “experts” you listen to on “TV”…
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Gold vs bitcoin, currencies, and inflation is far from an all time high. Its a nice heavy saving vehicle tho
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio…. I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies … I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I’m semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
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My investment advisor is Margaret Johnson Arndt, she’s verifiable and I’m very sure you can find info about her on the internet, her qualifications speak for itself.
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