The amount of people who have seriously high gold price expectations seems to grow year over year. Many moons ago, Shayne McGuire already predicted a price of $10,000 an ounce, a value that still holds merit to many precious metal experts.
The Career of Shayne McGuire
Similar to most gold bugs, McGuire did not necessarily start out in this particular industry. Following his BA in history and political economy, he obtained an MA in History and an MBA in Finance. All of this educational “baggage” paid dividends for McGuire during his professional career.
Speaking of which, the first career move by McGuire comes in the form of being a journalist. In Mexico City, he worked for The news, and primarily reported on NAFTA and deep financial reforms implemented by Salinas. It was a stepping stone for his financial career, which kicked off at Banorte – formerly Afin Case de Bolsa – where he wrote a daily analysis of economic and stock market developments.
Other jobs held by McGuire include working for ING Barings, Deutsche Bank, and working for Teacher Retirement System of Texas. For those unaware, this latter firm is one of the world’s biggest pension funds, and manages over $150 billion in assets.
This latter venture has proven very interesting for Shayne, as he also manages the fund’s Gold Fund since 2009. This further confirms his belief in the world’s leading precious metal, and how it has the potential to appreciate in value beyond imagination.
Shayne McGuire the Gold Bull
Uttering a bullish statement pertaining to the future value of gold is something anyone can do. Offering proper reasons as to why this statement is making sense, is a skill that very few people possess today.
Back in 2008, Shayne McGuire was already expecting big things for gold. This statement came on the heels of the publication of his “Buy Gold Now” book, which hinted at an imminent collapse of traditional finance. The financial crisis later that year proved McGuire right across the board, and further validated why his bullish views on gold should be taken a bit more seriously.
Two and a half years later, McGuire painted another outlook for the world’s leading precious metal. He claimed how the price of gold could surpass $10,000 an ounce in the years to come. So far, this has proven to be a rather optimistic view, yet gold has proven to be incredibly bullish in the past year or two. Given some recent predictions by analysts and experts, the $10,000 target can still come into play in most people’s lifetime.
Shayne McGuire on Silver
Although most people will attribute gold price predictions to Shayne McGuire, he hasn’t overlooked silver either. Back in 2013, he ensured that the Gold Fund under his management would begin buying up silver as well. This diversification of assets is crucial to keep an eye on, especially given the way that silver has moved throughout the first half of 2020.