Gold has the potential to double once the Federal Reserve begins to tighten and hike rates to fight off hotter-than-expected inflation, said Peter Boockvar, chief investment officer at Bleakley Advisory Group. "If you inflation adjust gold for its 1980 high, it can go to $2,500, it can overshoot $3,000 plus," Boockvar told Michelle Makori, editor-in-chief...
Silver has been "dead money" for the past six months, but its fortune is about to change with the precious metal’s fundamentals pointing to a breakout towards $35, said Jim Iuorio, TJM Institutional Services managing director. After frustrating several months, silver finally found its spotlight, Iuorio told Michelle Makori, editor-in-chief of Kitco News. Silver is...
Soon the Federal Reserve will manufacture a central bank digital currency that will be internationally sanctioned, different than Bitcoin and private cryptos, says G. Edward Griffin, author of Creature from Jekyll Island and founder of the Red Pill University. The Federal Reserve has become so powerful over the years that its originally intended roles have...
A monetary system collapse is coming, and the trigger will be raging inflation, said Lawrence Lepard, Equity Management Associates managing partner. "We’ve reached peak debt and peak money printing as a solution to our problems. The growth of the money supply has almost gone vertical", Lepard told Michelle Makori, editor-in-chief of Kitco News. "And this...
It’s a fallacy to keep gold prices low to show the economy is doing alright, says Dr. Ron Paul, former U.S. Congressman and Host of The Ron Paul Liberty Report. He surveys the U.S. economic landscape and asserts that, "the depreciation of money [U.S. dollars] is ongoing, and it’s not going to stop." Dr. Paul...
Chris Voss is the CEO of the Black Swan Group and the author of "Never Split the Difference: Negotiating As If Your Life Depended On It." He has previously worked as a hostage negotiator for the FBI. Voss reveals to David Lin, anchor for Kitco News, who he considers to be the best negotiator of...
Current valuations for the major cryptos, including Bitcoin, are "miraculous" and prices should be much lower, said Clem Chambers of InvestorsHub.com. Chambers told David Lin, anchor for Kitco News, that there are several other tokens to look at, and in particular, the DeFi space overall has more long-term potential. Follow Kitco News on Twitter: @KitcoNewsNOW...
The finite amount of Bitcoins, "appeals to a lot of investors," says Ian Telfer, former Chairman of Goldcorp Inc. The outlook of gold is like a, "barbell going the wrong way," with short-term investors piling into Crypto and long-term investors feeling disappointment from the precious metal, he says. The poor job growth in the United...
The recent bullish momentum for Bitcoin is likely to be sustained because key technical levels have been breached, and the fear from China’s tightening regulation has largely dissipated, said Florian Grummes, managing director of Midas Touch Consulting. "We have a good chance to see $100k by the end of the year, maybe even higher. Of...
The demise of the Fed is coming, and with the collapse of the current monetary system comes the adoption of Bitcoin as the new global reserve currency, said Gareth Soloway, chief market strategist of IntheMoneyStocks.com. "What I’m actually calling for is a total collapse of the monetary system, actually. So, there will have to be...