The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

Adrian Day: US$2,500 Gold? Pullback Would be “Healthy,” Reasons to Buy Remain

by December 6, 2024
December 6, 2024
Adrian Day: US$2,500 Gold? Pullback Would be “Healthy,” Reasons to Buy Remain

The gold price has seen ups and downs since the US election.

The yellow metal took a hit directly after Donald Trump’s victory, falling to the US$2,550 per ounce level. But then it staged a quick recovery, passing US$2,700. It’s now pulled back again, currently at around US$2,650.

In his view, a fall to US$2,500 wouldn’t be surprising in that scenario.

‘But I would say to anyone — certainly if they’re not invested in gold — don’t wait for that. The key is that the reasons to buy gold have not changed, and we still need gold for a lot of reasons,’ Day said.

‘Gold is not a political metal. Gold to me is the anti-fiat metal, if you want,’ he explained.

‘And obviously a strong dollar — strong against other currencies — is negative for gold. But you can have a strong dollar and still be losing purchasing power. The dollar’s lost 22 percent of its purchasing power in the last four years — that’s by the government’s own numbers. So that in itself tells you … you need it. You need gold,’ Day added.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Syrian rebel leader says goal is to ‘overthrow’ Assad regime
next post
Tokyo government gives workers 4-day workweek to boost fertility, family time

You may also like

FPX Nickel Commences Scoping Study to Develop North...

LU7 to Raise $2.14M in Placement and Launch...

Helium Evolution Announces Filing of Q2 2024 Financial...

Alvopetro Announces Approval of Normal Course Issuer Bid...

New High-Grade Gold Discovery at Golden Ridge, NE...

Why Do Central Banks Buy Gold? (Updated 2024)

Is Now a Good Time to Invest in...

Tribal Conflict Leaves 30 Dead Near Porgera Gold...

Successful completion of Lac Carheil drilling program

Liberty Gold Drilling 20,000 Meters at Black Pine...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • ‘A fear campaign.’ Students around the world are shocked, scared and saddened...

    • North Korea deploys mystery balloon-like objects to stricken warship, satellite photos show

    • NVIDIA Rallies After Strong Q1, AI Demand Outshines China Export Hit

    • US senators meet with Zelensky in Kyiv as doubt cast over upcoming Ukraine-Russia peace talks

    • Israel’s plan to ‘conquer’ Gaza is leaving Palestinians with little place to go: 5 maps show how

    Categories

    • Business (1,673)
    • Investing (4,999)
    • Politics (7,837)
    • World (6,349)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top