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.
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.
Among the many gold bulls are ample people who have a soft spot for silver as well. Jim Wilie CB, best known as the “Golden Jackass”, firmly believes that both precious metals will ride off into a successful sunset together.
The Career of Jim Willie
Precious metals enthusiasts and aficionado will have heard of Jim Willie before. He is a very popular analyst of the economy and financial markets. Moreover, his content is often very insightful, catering to both newcomers and industry veterans alike.
During his regular working career, Jim focused on three fields of statistical practice. He worked for multiple firms, including Digital Equipment Corp and Staples HQ. During his stints, he also focused on quality control procedures – some of which are used globally today – and marketing research. Forecasting and sales analysis were added to his repertoire later on.
After leaving the industry, Willie continued to work on his own website, titled Golden Jackass. Most of the content found on this platform touches upon very different topics. Another venture run by Jim is The Hat Trick letter, a subscription-based newsletter service.
Even today, Jim is still active in the financial world, primarily as a writer and analyst. He is happy to share his opinions on gold, silver, and a lot of other topics through various publications. All in all, he is one of the most fascinating individuals in the precious metals industry.
Jim Willie on Gold
There are many intrinsics of the gol market which deserve to be highlighted. Simply looking at a price chart only tells a sliver of the entire story. Jim Willie recently shared some interesting opinions on what is happening to the gold price and what could be happening to it in the very near future.
As one would expect, he expects a big impact due to COVID-19. Several things have changed in the financial sector, although others have remained the exact same. Even today, gold is used in trading and banking reserves. Until that situation changes, keeping the gold price down will prove virtually impossible.
Jim Wille on Silver
In a very recent YouTube interview, Jim Willie gave some very interesting opinions on silver as well. He mentioned how both silver and gold are primed for launch, indicating that the future prices of both precious metals may be much higher compared to where they are today.
Especially silver seems to be in a very good position to push higher. It has industrial use cases which gold doesn’t necessarily have, especially during the post-COVID-19 recovery phase. The coming year and a half will prove rather remarkable for all precious metals. Big things are looming on the horizon.