Interest-rate cuts across the world, growing expectation of a U.S. recession, gathering politics tensions — this is often not a perfect situation. Except, perhaps, for gold. All those problems area unit pushing gold costs higher, because the best safe-haven plus takes on bigger attractiveness with investors.
After natural process at over $1,450 per ounce throughout the previous few weeks, gold is on-track to spike over $2,000, predicts Gerald Celente, illustrious polemic gold skilled.
Further, “the greatest depression” ever is returning shortly, way worse than the good Depression of the 1930s; and a possible war within the geographic region can trigger warfare III needless to say, he predicts.
Celente argues that the equity markets have peaked which America is already in “a stage one recession.”
Founder of Trends analysis Institute, publisher of Trends Journal (Its tag: “History Before It Happens”), Celente, 72, accurately referred to as Donald Trump’s election, the Trump market rally, the dot-com debacle and Black Mon.
Though critics charge that his forecasts area unit principally derived from intuition, the trends detector insists he assiduously studies a large vary of worldwide government, business and political knowledge and statistics on that he bases his predictions.
Consultant to business and government and a well-liked keynote speaker, Celente has been prediction a “gold bull run” for 6 years currently, depending on gold’s reaching $1,450 an oz, once it’d be poised for brand spanking new highs.
ThinkAdvisor recently spoke with Celente from his workplace in Kingston, New York. As a personal capitalist, he deploys funds to gold and realty solely. In 1978, he bought his 1st gold bars for $187.50 per ounce.