The Odds Just Went Up EXPONENTIALLY! Gold & Silver Prices Will Get Crazy High in 2025 - Rick Rule
Gold's success in 2024 is built on a rally that began in 2022. Many investors, including those who have looked to gold IRAs for diversification into a physical asset for retirement, are wondering what will happen next, especially because the price of gold dipped after the recent presidential election.
Gold is often regarded as a refuge in times of crisis. When markets crash, investors turn to gold to protect their money. For example, during the 2008 crisis, the price of gold soared.
In this video, Rick Rule of Rule Investment Media reflects the importance of holding gold. Rick stresses owning at least 5% of one's net worth in physical gold as a safeguard against economic uncertainty. Rick emphasizes that gold often leads bull markets, but silver can surpass it in speed and scale during rallies. Concurrently, he notes that even small investments in gold historically protected portfolios from inflation and dollar depreciation. Gold and silver stood out as key performers, achieving record highs on MCX, while crude oil stabilized within a range as OPEC and non-OPEC tussles continued.
Regarding gold, Rick dismisses short-term price targets like 3,000 dollars, emphasizing that he owns gold for its potential to rise fivefold or more during economic distress. History suggests that the benefit of holding gold to protect against currency weakness over the long term can outweigh any drag from currency strength. In fact, the US dollar is as strong today as it was at the turn of the century, while gold has appreciated 813% in the same period.
While reflecting on markets, Rick Rule emphasizes the significant disparity between future trading volumes and the actual physical metal available for delivery. As central banks continue to warehouse physical gold, he warns of potential disruptions in the availability of "good delivery" metal needed to settle obligations. In a note published Wednesday, UBS strategists highlighted several catalysts expected to continue driving upside in gold prices next year.
Among those is the accumulation of gold in central banks, which UBS believes will continue in 2025 as part of their diversification strategies. The International Monetary Fund data shows that global central banks' net gold purchases in October recorded this year's highest monthly level. UBS has revised its forecast for official sector gold purchases to 982 metric tons for 2024, up from a previous estimate of 900 metric tons.
However, Rick advises maintaining some gold and silver within the system for liquidity while acknowledging the advantages of personal possession for other purposes.
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