Inside information? Gut feeling?? Educated guessing?? $4000 GOLD....

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From the time of ancient civilizations to the modern era, gold has been the world's currency of choice. Today, investors buy gold mainly as a hedge against political unrest and inflation. In addition, many top investment advisors recommend a portfolio allocation in commodities, including gold, in order to lower overall portfolio risk.

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For my sins, I'm definitely more a silver-bug than gold-bug, but after watching markets more closely than I have ever done, for me, gold is looking to outperform silver into year-end. I wouldn't bet the family house on it, but I'm not ruling out $4,000 gold by 2023.

Noting that the gold bull rally is only just beginning and after seeing the shiny yellow stuff finally breaking the $2,000 an ounce level, gold has been consolidating in a trading range between $1,930 and $1,980 an ounce. Despite the several-week hiatus from major price action, I predict gold will still do better than silver in the second half of the year. For silver to outperform gold on a continuous basis for the rest of the year, the market will have to see a combination of rising bond yields, a peak dollar, declining stock-market volatility and continued global economic expansion. And as much as I do see these unlikely events coming "soon", the misguided faith the world has shown in central government through this covid-19 pandemic suggests the great reset is being averted(for now).

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Despite my optimistic view on gold, I must warn that $2,000 an ounce is proving to be a strong resistance level. However, even though it might take gold some time to breach $2,000 an ounce on a sustained basis, in the long-term gold is heading much higher and now is a perfect time to start investing.

If there ever was an environment for precious metals to finally shine, now is the time...... Can you afford to miss out?

Want to find out more about gold and silver? Get the latest news, guides and information by following the best community on the blockchain - #silvergoldstackers. We're a group of like minded precious metal stackers that love to chat, share ideas and spread the word about the benefits of "stacking". Please feel free to leave a comment below or join us in the community page, or on discord.

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Posted Using LeoFinance



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7 comments
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I cant wait to see my miners go bonkers when gold goes up to even $2500!

Posted Using LeoFinance

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Gold goes up 15%, miners go up 150%.... We both get rich!! Lol

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You received an upvote of 100% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

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I don’t really dwell on the price I’m more interested in the ratio. I’m praying for under 50-1 then I’ll have my gold.

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Oh...that's a nice looking bug. I should change my avatar....

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The resistance at $2,000 is a solid wall, but when we finally pass this we might see some forward momentum...So many times I was sure we were on a breakout, and then it was stopped. It will happen my friend....it's coming, maybe soon!🤗

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