Numerous individuals have paid attention to gold and other precious metals before it became “cool’ to do so on social media. Eric Hommelberg, a Dutch trader and co-Founder of ValcambiGold used to be very active in this industry, and had many words of wisdom to share with the masses.
Who is Eric Hommelberg?
Given how Hommelberg was active nearly two decades ago, it is not impossible to consider that most people have never heard the name before. He was active in the gold industry in the early 2000s, which effectively earned him a solid reputation as a trader, analyst, and expert. He wasn’t; afraid of sharing some bullish gold price predictions either, even though they weren’t always appreciated at the time.
In the Dutch community, Hommelberg made a name for himself by highlighting several junior gold mines as possible investment options. Those who followed his advance often made a lot of good money in the process, as his predictions often hit their mark within the next six to twelve months. A 300% increase in junior gold mine stocks was not uncommon at the time.
Other than offering investment advice on junior gold mines, Hommelberg also wrote extensive gold market commentaries for various [online[ publications. During these commentaries, he always maintained a focus on new gold mining companies and how they effectively approached this particular industry accordingly.
Later on in his career, Eric Hommelberg also founded ValcambiGold Inc, a bullion store for all precious metal products offered for sale by Valcambi. He also edited The Gold Discovery letter and The Gold Drivers Report throughout his career. Everything he did was gold-focused, primarily because he genuinely expected this precious metal to pop off at some point in the near future.
Eric Hommelberg on the Gold Price
Some of the most interesting comments by Hommelberg regarding the gold price were made over a decade ago. In September of 2007, he even hinted at how the price of gold should hit $2,000 – or even possibly surpass it – in the near future. It was, in hindsight, a very optimistic outlook that didn’t materialize as of yet, although it still remains a valid outlook years after the fact.
Less than two years later, Eric followed up his bullish gold predictions by stating how gold would either head to $200 or push to $10,000. While the steep decline to $200 seems very unlikely at this point, a push to a five-digit price isn’t necessarily more likely. If gold were to hit $2,000 an ounce, things would get very interesting, but reaching five times that value will not come easy nor quick.