Post by
FastTrade on May 15, 2024 3:31am
The case for gold - it's big.
Central banks around the world continue to buy up physical gold driving demand for the fast depleting physical commodity.
The gold standard of old is looking to make a comeback more and more.
If and more likely when a new gold standard supports, then replaces many a flagging currencies worldwide, there must be a reset feasibly in the $10,000 USD range thereabouts.
With where inflation is headed devaluing currencies worldwide (including the dollar) figures in this ballpark for an ounce of gold and the consensus is building - are a given and a must to incentivise miners to tap into their sub grade reserves of mega millions of ounces of gold.
High grade gold reserves mineable at today's prices are becoming smaller and are being mined out -
Feverishly bought and sold most of it is going to central banks desperate to support their own currencies.
Mainstream investors haven't even gotten their toes wet buying gold yet, and when they do, gold buying in grams will be all the rage then driving even doubling prices from there.
Buy physical gold and buy the dirt cheap exploration companies sitting on mega gram per ton deposits.
You will never be sorry you did getting in as beat up as these stocks are now doing it while there's still time before the real panic unfolds.
What's the timeline for the real move up in the price of gold- five thousand then ten thousand perhaps?
The Fed is going to unleash the next round of QE more massive than any other later this year. And before the time lag inflation as a consequence to follow sets in, forward looking markets will begin to rock gold near the end of 2025 into 2026 and beyond.
Just the unleashing of the next round of QE should push gold up around the $3000.00 US dollar mark by this years end.