There are different gold bugs out there, and all of them have a very unique outlook on precious metals in general. Dr. Martin Murenbeeld has made a name for himself in this industry through a lot of hard work. Even today, some of his earlier market outlooks still hold a lot of value.
Who is Dr. Martin Murenbeeld?
For those unfamiliar with the name, Martin is well-respected in the precious metals industry. Not just because he runs a very successful firm in this space, but also because of his overall knowledge of the precious metals and the broader financial industry.
Following his graduation from the University of California, Berkeley as a Ph.D. in International Finance, Martin enjoyed a brief stint at the Faculty of Management Studies at the University of Toronto. It did not take him too long to try and go his own way, however.
This effort culminated into founding the M. Murenbeeld & Associates Inc consultancy, which specializes in gold and foreign exchange markets, as well as economic trends. This consultancy also provides the Gold Monitor, Economic Monitor, and Equity and Bond Observer newsletters.
For those who want to gain some insights into this personal work, Dr. Martin Murenbeeld is often found at conferences organized by international mining firms or events tied to economics. You may also come across interviews with him in the media, as he continues to provide insights into how the world’s economy is evolving.
Predicting the Bull Market in 2016
One of the articles by Dr. Martin Murenbeeld that got a lot of attention in 2016 can be found here. In the article, he comments on how gold has entered a bull market in April of that year. Despite expecting some headwinds to push the price down again, the outlook was very bullish, all things considered.
This outlook was strengthened by a World Gold Council report indicating that a market momentum shift had taken place. During Q1 2016, the gold price noted a sharp increase, as well as an increase in demand for ETF bullion.
It was also a time when negative interest rates started to become more apparent. Today, those are nearly unavoidable in any developed country, with no real expectation of improvement.
Advising to Hold in 2018
As it turned out years later, Murenbeeld had made another accurate market assessment. He provided another crucial update on the market in October of 2018, during the Mines and Money Americas conference. After all, the gold price noted some wild swings in the first half of that year, making people wonder if now if the time to sell had come.
Murenbeeld remained confident that late 2018 wasn’t the right time to sell gold. In fact, he advised people to keep acquiring gold if they hadn’t diversified their portfolio prior. Especially those with a diversified portfolio won’t lose out on much if gold notes a bit of a struggle. The other assets in their portfolio tend to appreciate in the same period.
Overall, Murenbeeld remained optimistic about the future of gold. Given how the gold price has evolved in 2020, the advice to keep holding onto one’s diversified portfolio has certainly paid off. With new highs still within reach, continuing to hold may be the only viable course of action.
Of the many precious metal investors out there, James Turk is one of the individuals worth keeping an eye on. He has built up a solid reputation as a silver bug, and continues to share his opinion on the financial market as a whole.
The Storied Career of James Turk
One isn’t simply born and destined to be active in the financial sector. For James Turk, that is the case as much as anyone else, although his career is quite storied. More specifically, he has specialized in international banking, finance, and investments since 1969. That represents roughly 50 years of experience, which should never be ignored.
Previous employers include The Chase Manhattan Bank, multiple trading and investment companies, as well as the Abu Dhabi Investment Authority. Throughout those tenures, he has also worked in many different countries, such as Thailand, Hong Kong, the Philipps, and the UAE. By working in those regions, Turk has been able to gather a lot of insights into how local markets work, and which shortcomings they might face.
Ever since retiring from his last position in 1987, James has been able to keep himself busy. Not only has he worked on The Freemarket Gold & Money Report, but also wrote several books. Noteworthy volumes include SOCIAL SECURITY Lies, The Illusions of Prosperity, and Myths and Reality. He is also the founder of GoldMoney.com, and he holds two US patents for digital gold currency.
James Turk on Silver in 2019
It is interesting to note how the silver market sentiment of James Turk hasn’t changed in the slightest between 2019 and 2020. About a year ago, Turk was confident that people were finally waking up to the concept of a major gold bull run. At the same time, the overall interest in gold would help push silver prices much higher.
According to James, he became bullish on silver after learning about some new geological surveys. Additionally, he began paying more attention to the silver-gold ratio, which was leaning toward the cheaper metal at the time. Although things certainly have changed ever since, but overall sentiment still holds true today.
In fact, Turk identified a trading chart pattern known as the cup and handle formation. However, this one was playing out on a much longer scale, as it goes from early 1975 all the way to July of 2019. Looking at the bigger picture is always crucial when dealing with long-term investments. This may have been one of the longest plays in history, but the cup and handle came true in the end, as the silver price has gone through a decent price spike.
James Turk on Gold & Silver in 2020
In late January of 2020 – in a time when the coronavirus wasn’t an issue yet – Turk predicted how both gold and silver would hit new highs sooner rather than later. That vision certainly came true with a bit of help from a new pandemic, and weird actions by central banks all over the world. However, the momentum was already leaning toward a bullish precious metals market regardless.
Surprisingly, Turk also referred to other precious metals going through a similar trend. Even the palladium chart was shared, which is a metal that most people tend to overlook. Turk eventually predicted a gold price of over $1,600 and a silver value that would leave $18.5 in the dust. Both of these have come true, and it would appear that this may only be the beginning of what is yet to come.
Many investors remain incredibly bullish on gold. More often than not, they maintain this outlook for years on end. Ben Davies is one of the top fund managers for precious metals and commodities.
The Career of Ben Davies
When a gold bug appears in the media on a rather regular basis, he will always be worth looking into. Ben Davies has become a frequent guest on outlets such as CNBC, Bloomberg, and Sky Business News. All of this interest stems forth from his personal view on the precious metals markets, as well as his professional opinion.
In regards to that latter aspect, Davies is the co-founder and CEO of Hinde Capital. Founding this company came after building up over a dozen years of experience in financial and commodity markets. Previous employers include Credit Lyonnais, Aubrey G Langston & Co, Greenwich Capital, and Blue Sky Capital Australia,.
Following this lengthy career, he founded Hinde Capital and became a partner of Variant Perception. What makes Hinde Capital so interesting is how this investment manager firm pays a lot of attention to gold.
This is evident when looking at the Hinde Gold Fund, which is the primary business venture. Partaking in this fund requires a minimum investment of $100,000.
Through Hinde Gold Fund, investors can hedge their capital against the loss in purchasing power associated with paper money. All of the Fund’s assets are located as physical gold bars stored in Bank Julius Baer vaults in Switzerland.
Ben Davies on Gold
Despite offering the Hinde Gold Fund to investors all over the world, Ben Davies hasn’t always been bullish on gold. It is impossible to maintain a positive outlook on a specific market for years on end. Market sentiment will change over time, whether one wants to deal with it or not.
Back in 2012, Ben Davies made some very interesting gold-related comments. Not only did he confirm that gold would turn a bit bearish that year due to Europe’s economic crisis, but he also offered some hope. Unlike any other asset, gold tends to maintain its purchasing power.
Keeping that in mind, Davies expected gold to eventually hit $6,000 per ounce. Given some of the more recent predictions by analysts, that wouldn’t be an outlandish claim either.
Back in 2012, the sentiment toward precious metals was very different compared to today. As long as Asia remains a big buyer, things will continue to trend higher over time.
Ben Davies on Bubbles
Thanks to all of his expertise in the financial industry, Ben has been able to closely study market patterns. As such, he knows all too well when a bubble is forming. In his opinion, gold has never shown much of a bubble, primarily because it has proven incapable of sustaining a disorderly rise.
To some, that may seem like a negative point. In reality, however, it quickly becomes apparent that gold will not be in a bubble state in the future either. It tends to move up slowly and surely, rather than noting exponential growth out of the blue. Unlike stocks or most commodities, gold and other precious metals are a long-term play.
Keeping tabs on the many gold and silver bugs is crucial before making any investments. Some of these individuals have much broader insights than others. That doesn’t necessarily improve their chances of success, but it is still worth paying attention to.
Who is Egon von Greyerz?
Gold aficionados will have encountered the name of Egon von Greyerz before. He is a well-respected individual in the financial sector, and currently serves as Founder and Managing Partner of Matterhorn Asset Management and GoldSwitzerland. This further affirms his vision on the gold and silver markets, both of which saw ample momentum in 2020 so far.
What makes Egon such an interesting individual is how he foresaw the financial crisis of 2008. Not just the crisis itself, but he warned the world about this problem years in advance. Back in 2002, he effectively recommended investors to begin diversifying their portfolio by looking closer at precious metals. During this time, gold was valued at just $300.
In fact, von Greyerz was confident that allocating up to 50% of one’s portfolio to gold and silver could pay off handsomely. He certainly got that sentiment right, as both gold and silver successfully blew up ever since. A very strong indication of why paying attention to precious metals has always been crucial.
Learning From the Past
Claiming how financial ruin is upon the world is easy. Effectively backing up those claims with evidence and information is something else entirely. Egon von Greyerz learned a lot from his previous jobs in the financial sector.
Not only did he work as a banker in Geneva, he also took the mantle of Finance Director and Vice-Chairman of a FTSE 100 company in the United Kingdom. While those companies proved successful in their own regard, it also exposed the dark side of finance to Egon. There is a lot going on behind the scenes that most people aren’t even aware of in this day and age.
Some Bold Price Predictions
One interesting comment was provided by von Greyerz in a September 2019 interview. At the time, Ego claims how silver could easily hit a value of $666. An ambitious goal, especially when considering where the price is at right now. However, nothing is impossible in the industry, for obvious reasons.
A similar bullish sentiment was uttered as far as gold is concerned. von Greyers stated how gold can hit $10,000 or more with relative ease. At the time, many people deemed this to be impossible, but the price targets aren’t as unusual as some may expect. In fact, several analysts have come out recently to offer very similar price targets, which is pretty interesting to keep an eye on.
Thomas Puppendahl is one of those gold bugs who tends to strike a chord with a lot of people. His expertise in the investment sector and global capital markets is put to good use when discussing precious metals.
Who is Thomas Puppendahl?
Thomas has started his career as an analyst in the M&A division of Merrill Lynch in London. Being part of such a vast financial firm at an early stage will often provide invaluable insights into finances and markets. Puppendahl worked on major international deals spanning numerous industries, and became of key value during the 1998 Asia crisis.
His stint in the M&A segment did not end there either. The second major job, for Emgassen & co, revolved primarily around cross-border merger and acquisition transactions. By looking at the bigger picture of the financial sector, Puppendahl eventually made his way into the precious metals industry.
One of the reasons why his ideas are so highly regarded is due to their contrarian nature. Having out-of-the-box ideas in the financial sector is not always appreciated, but it doesn’t make one wrong either. Over the years, Thomas’ contrarian vision on finance has allowed him to become very successful.
Thomas Puppendahl and Precious Metals
Being an active trend watcher in the precious metal sector for 15 years yields a lot of insights. For Thomas, it has become his specialization in recent years. Because of this “shift” in focus, he also became the co-founder of a gold streaming and royalty company based in Singapore.
This latter venture is very intriguing, as it provides development capital to emerging gold producers. Over the past few decades, numerous new entrants have popped up in the precious metal industry. Without an adequate amount of funding, most of these companies would no longer exist today.
He went as far as claiming how the bull market will become a lot more violent, at least for precious metals. Under normal circumstances, that isn’t the best sentiment, but given everything that transpired in 2020, it may just come true.
Clarifying this sentiment, he confirmed that the next three years will see ample market momentum. Both gold and silver will benefit from these trends.
Not only will gold reach a value of $5,000, but silver will push to $50. That latter part is not unlikely, when keeping an eye on the silver-gold ratio. It seems to hover near the 100 mark on a regular basis. If gold surges, so will silver, and it will have 1/100th of the price.
Time will tell if this is indeed the early stage of the bull market for precious metals. Assuming this outlook comes true, the next 36 months will become incredibly entertaining. Keeping a close eye on all markets may prove worthwhile.
Many individuals have expressed their support for precious metals over the years, Rick Rule has proven to be an individual worth keeping an eye on, His predictions and opinions on both silver and gold tend to strike a chord with a lot of people.
Who is Rick Rule?
People unfamiliar with the name may be interested to know that Rick Rule is currently the President and CEO of Sprott US Holdings. Prior to that, he worked in the securities industry since 1974. In the early years of his full-time career, the focus shifted to natural resource security investments. It is this approach that ultimately drove him in the arms of precious metals, such as gold and silver.
Early on, Rule saw a lot of potential in resource investing. More specifically, he was very quick to identify the potential of mining, water utilities, agriculture, and energy.
All of these segments are crucial to most day-to-day business operations, and investing in them is certainly possible. After all, without the proper infrastructure, corporations can’t do much, let alone make money.
Meeting Rick in real life is equally possible, as he is a frequent speaker. Finding him at industry conferences, or even on the radio or television, is not that difficult in this day and age. His opinions and expertise are valued very highly in the industry.
Rick Rule on Silver
Having a strong opinion on different industries will often yield to some bold predictions. When it comes to the silver market, Rick Rule hasn’t shied away from expressing his sentiment at certain times. Just six months ago, Rick claimed how the supply and demand equation for silver could get a lot more complex than most people may think.
In the same video, Rule also hinted at how the coming months could yield some bullish momentum for the silver market. Although he couldn’t predict the COVID-19 outbreak, silver has proven to be incredibly resilient. Value-wise, it has performed as well as anyone could have wanted. There is still more room for a bigger uptrend, but it is difficult to make any adequate predictions in this regard.
Preparing for the Future
Most industry analysts and experts want to inform onlookers and investors as to what decisions to make. Rick Rule goes one step further, as he recently published a video on when to exit gold and silver stocks. It seems now is not the time to do so yet, but things may change significantly over the next 15-18 months.
While some people may not want to think about exiting their positions, it is unavoidable. No market can keep going up forever, thus preparing for what has to happen is never a wasted effort. Following anyone’s advice blindly is never a smart decision, but some of Rule’s remarks should be taken into account.