Forex Analysis & Reviews: 09.03.2023 - Gold at $2,400 and $5,000...

Live Chat

InstaForex Loprais Team - Dakar rally的正式参与者

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

开户

另见

交易条件

外汇分析

图表

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

如何开始交易

有用信息

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM 系统

外汇跟单系统

被动投资

OYS 帐户

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

主页

合作伙伴区域

同盟的优势

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

比赛

事件

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

论坛

我们在社交网络

外汇幽默

外汇门户

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

为什么选择我们

InstaSport

法规

公司新闻

奖项

InstaForex 明星

InstaForex 线下

Headquarters

关键文件

的社会责任

InstaForex洛普莱斯队 - 达喀尔拉力赛的正式参与者

09.03.2023 12:30 PM

Gold at $2,400 and $5,000 per ounce

McEwen Mining Chairman Rob McEwen believes gold will reach $5,000 an ounce by 2027, and silver will reach $250 an ounce.

McEwan has almost forty years of experience in the mining industry. In 2019, he sold his GoldCorp company to Newmont for $10 billion, saying that as governments pursue soft fiscal and monetary policies, the weakening of fiat currencies will benefit hard assets such as precious metals.

"Hard assets will increase in value as the dollar drops in relative value to other currencies, because governments are irresponsible," he said. "They steal from their citizens by printing excess money and borrowing in ways they shouldn't. Look at the amount of the debt most of the Western world has right now, it's enormous."

McEwan said he is positioning his portfolio to capitalize on the expected rise in gold prices through his investments in mining companies, including juniors.

Pierre Lassonde, Chairman Emeritus of Franco-Nevada and CEO of Fireside Investments, also believes that gold will rise. As geopolitical tensions mount, central banks are buying more bullion, and countries like Russia are looking to get rid of the U.S. dollar after the dollar has become a weapon, so the price of gold will hit $2,400 by 2028.

A dual currency system may also appear.

As geopolitical tensions rise around the world, central banks are buying more gold. Gold purchases in 2022 by central banks has been the highest since 1950, with central banks purchasing 1,136 tons.

And central banks, especially in the BRICS countries (Brazil, Russia, India, China and South Africa), are buying gold as a prelude to creating an alternative to the U.S. dollar as a reserve currency.

The BRICS countries are concerned about U .S. influence in their affairs, and moving away from the U.S. dollar will help them gain more autonomy.

The forecast of a bifurcation of the global monetary system was supported by a number of voices, including Canadian mining tycoon Frank Giustra.

Lassonde also suggested that some young miners might do well as gold reaches new heights. In his opinion, there will be a recession and a stock market crash in 2023. And the resulting economic chaos will benefit gold.

He also believes that the U.S. Federal Reserve will respond to the recession by cutting rates, but "not fast enough." In turn, this will hurt the U.S. dollar and make investors flock to gold.

Gold stocks have performed very well under pressure. They are also worth paying attention to.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。