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.
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.
Many people with a keen interest in gold and silver will often land a job in the precious metal industry. Ewan Downie is a core example of this growth, as he is currently the President and CEO of Premier Gold Mines Limited.
Who is Ewan Downie?
A gold bug pur sang, Ewan Downie has always been interested in precious metals. Not only is he the CEO of a major gold company today, but he also has over 25 years of experience in mineral exploration and mining Knowing the precious metals industry inside and out can often give very intriguing insights, as well as pave the way for success further down the line.
Many years ago, Downie founded Wolfden Resources Inc. It is this company that eventually became Premier Gold Mines Limited, which also explains why he is both the company’s President and CEO. These are not the first firms he held high positions at, as Ewan was also the head of nearly a dozen other firms throughout his career. All of these firms have some interest in precious metals, whether it be gold, silver, or even copper.
Since leading Premier Gold Mines Limited since 2006, the company has gone through major growth. Its stock is also trading publicly, further validating its approach to gold and silver. Currently aged 52, Downie still has many years to go before he will bid the precious metals industry farewell.
An Overview of Premier Gold Mines
Building up a successful company in the precious metal industry is no easy feat. For Premier Gold Mines Limited, it has been a matter of providing support in key areas. Exploration, development, and production are its three main components at this time.
With a focus on both gold and silver, the company has expanded its reach across the United States, Canada, and Mexico. Several active mines are either wholly owned or partially owned by the company. With its headquarters in Thunder Bay, Canada, the company continues to move forward despite the ongoing coronavirus pandemic.
A Bright Future for Gold and Silver?
Based on the current market sentiment, it is evident that the top precious metals remain incredibly bullish. Both silver and gold have seen a big dip and equally quick recovery over the past few months. Analysts remain hopeful that gold will hit $2,000 per ounce or more before the year comes to a close. For silver, a price of $20 or more is within the realm of possibilities as well.