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.
An individual who made his career as a forecaster of trends for the SU economy will often have insights on precious metals. Gerald Celente is one such individual who keeps close tabs on all industries. His recent predictions on gold are also worth taking note of.
Who is Gerald Celente?
In the finance industry, the name Gerald Celente will ring a bell for many people. He is an active American trend forecaster and business consultant. All of this stems forth from his early political experience running a mayoral campaign in Yonkers. He also traveled between major US cities as a government affairs specialist until 1979.
As of 1980, Celente founded The Trends Research Institute. Eventually, this also became the home of the Trends Journal, which forecasts and analyzes the American economy and its corporations. The magazine also pays close attention to socioeconomic, political, and other trends that might impact the economy in the short or long term.
Being a trend forecaster is not as easy as it may seem at first. It requires vast knowledge of past, current, and future events. Anything and everything can make markets move in a specific direction. Preparing for what the future may hold is crucial as a forecaster, and Celente has been able to do exactly that.
Unlike what some may expect, not all forecasts have been about finances directly. Celente has warned about terrorism, war, and economic collapses alike. He also predicted the rise of fascism in the United States, as well as food riots. He also firmly believes that anti-Americanism sentiment will continue to grow over time.
Over the years, Celente also grew more outspoken about the influence of Wall Street. He even claimed how Wall Street controls people’s financial lives, and the media manipulates the minds. Gerald fears that the existing systems will bankrupt the country, a vision that may not be that unlikely to come true either.
Gerald Celente on Gold
Similar to other market analysts, Gerald is very confident that gold – and by extension silver – will continue their bullish trend throughout 2020.
Earlier this year, he indicated how gold will reach $2,000 per ounce pretty quickly. Moreover, he hinted at how that may only be the beginning of the bull run, as some analysts predict prices between $3,000 and $10,000.
Given the current market sentiment, surpassing the high of $1,900 an ounce will pose its own set of challenges. Assuming this level van be reached and sustained, however, things may continue along the same line for some time to come.
Looking at the growing list of gold bulls over the years, it is evident that precious metals will go places in one way or another. Ronald-Peter Stoeferle has always maintained high expectations of gold bullion, and a push to $8,900 is in the cards.
A Closer Look at Ronald-Peter Stoeferle
Not that many people start their financial career in their teens. Stoeferle is a very different creature in this regard, which is also part of what made him so successful. At the age of 14, he already bought a share, primarily because of his fascination for the financial markets.
Having the benefit of being able to invest during the dotcom boom has allowed Ronald-Peter to learn valuable lessons at a very early age. Ever since this first investment, he has remained passionate about all markets. While the focus may have shifted over the years, it allowed him to become a gold bug.
Despite having initial job experience at the trading desk of a bank, Stoeferle quickly turned his attention to gold. This shift was facilitated by Erste Group, where he joined the Research department. In 2007, he published his first “In Gold We Trust” report, which is still very relevant today.
The Year In Gold We Trust Report
Speaking of writing this report, it has become a yearly tradition for Ronald-Peter. Every single year, he keeps writing the report, although he has received the help of Mark Valek since 2013.
Contrary to most reports pertaining to financial markets, In Gold We Trust is a holistic assessment of the gold sector. Moreover, it paints a picture as to which [external] factors will influence this market now, and in the months to come.
Everything in finance is connected to one another. Interest rates, debts, central bank actions, and gold are all trying to balance one another out. As has been apparent during the COVID-19 pandemic, the interest rates and central bank actions have forced more people to gold and silver. Demand for safe haven assets remains very high, and may continue to increase moving forward.
Ronald-Peter Stoeferle on Gold
The most recent YouTube video using a gold price prediction by Ronald-Peter will undoubtedly get a lot of attention. In the video, it is mentioned how Ronald-Peter thinks a gold price of $8,900 per ounce is not impossible. It may – and probably will – take some time to reach this lofty goal, but it remains within the realm of possibilities.
On the “In Gold We Trust” channel, there are a fair few videos involving Ronald-Peter Stoferle. These videos talk about various topics, including the gold market, how the US Dollar will evolve, and what central banks will need to do in the future.
Providing video content pertaining to financial markets is a great way to reach a bigger audience. Not only will it convey a message better, but it can also be an excellent educational tool.
For many decades, investors have flocked to gold as the go-to safe haven asset. In modern times, there is a genuine chance that this narrative will shift, and also include silver. Many factors are aligning for the cheaper precious metal to have a major breakout.
Silver is Making Waves
This year alone, there has been a lot of talk about silver alongside gold. Precious metals enthusiasts and investors are changing this narrative to include this cheaper metal in their discussions. Doing so will not only bring more attention to silver, but it may also weaken gold’s position as the undisputed leader somewhat.
For those looking to begin accumulating precious metals, silver is fairly priced, even at its current value. Building up a portfolio requires patience, timing, and cost-averaging. This latter factor is often overlooked by new investors. Buying smaller quantities of silver will add up over time.
It is also worth mentioning that, unlike gold, silver’s gains – or losses – tend to materialize in a different time frame. It is a crucial commodity for patient traders who have high hopes for the future. Those looking or a quick flip are best off ignoring precious metals altogether.
Many years ago, the Silverites suggested that silver should become the monetary standard. While their vision never came true, most experts agree that silver is still solid money in 2020. It is also a cheaper safe-haven asset compared to gold, giving it an extra layer of appeal.
Keeping an eye on the Gold-Silver Ratio
Another contributing factor to the sudden popularity of silver is the gold-silver ratio. Despite this correlation hitting a high in favor of gold earlier this year, the current momentum looks very different.
Unlike gold, silver has an industrial application that is much bigger compared to gold. Whereas gold is genuinely a precious metal, silver is both an industrial and precious metal. As economies around the globe recover from the COVID-19 pandemic, it is a matter of time until global demand for silver picks up again. Gold may not be treated the same way.
Ongoing stock market volatility will remain a contributing factor throughout 2020. All major stock market indexes remain under a lot of pressure. News of Apple shutting down several stores across the United States has thrown a wrench into any uptrend that seemed to materialize.
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.