The different perspectives and outlooks on the gold price are all worth taking into account. Bob Kirtley can be classified as a gold bug, although he hasn’t always been bullish on the world’s leading precious metal.
The Career of Bob Kirtley
It is interesting to note how Kirtley doesn’t have a background that originates from an interest in precious metals. Instead, he started off his career working on Oil projects in Alberta. Canada has a lot of oil reserves, and the drilling of oil has been successful partially thanks to individuals such as Bob Kirtley. The tar sands installations in Fort McMurray, for example, were worked on by Kirtley many years ago.
Because of his interest in oil, Kirtley was able to visit many countries around the world. He also worked in a fair few countries, providing him with a lifetime of different memories and experiences.
Kirtley is renowned for maintaining an approach focused on planning and cost control. That expertise eventually translated to his investment strategies as well.
These days, Kirtley is associated with a group of investors based out of England. He serves as one of their representatives on a full-time basis. Investing has been a very difficult industry as of late, yet precious metals always seem to come through for those who have a bit of patience.
Bob Kirtley on Gold in 2008
In hindsight, the year 2008 was very meaningful for the financial industry as a whole. All markets took a serious beating due to the ensuing financial crisis. Around that time, Bob Kirtley shared his opinion on how gold would perform. While it had a very successful year in 2007, there wasn’t too much hope for seeing a continued bull run in 2008.
In fact, Kirtley predicted that the year 2008 wouldn’t be “more peaceful”. He even predicted how there would be pressure on the price of oil and possible inflation.
Ample volatility was expected for all markets in Q1 2008, with gold stocks outperforming the actual gold price momentum. Selective buying was already solid advice at the time, and it is even more so today, given the global circumstances.
Bob Kirtley on Gold in 2020
Fast forward to today, and it seems that Kirtley once again expects big things for the gold industry. Back in march of 2020, he hinted at how the US dollar and stock markets would begin to lose traction quickly, forcing investors to rethink their position on gold and silver. This was before the major stimulus packages were approved by the central banks around the world.
Kirtley even hinted at how the mini panic in the gold market would only be a sign of better things to come. With no signs of US Dollar recovery in sight, there is a good chance that the gold price will keep trending higher in the coming weeks.
It has already reached an eight-year high this week. Kirtley is convinced that gold will continue to do well, although caution remains advised.
0 Comments