If you’re a regular reader of our Bullion Bulletins, you’ll know only too well that there is a wealth of geopolitical activity supporting a new gold run. We’ve reported extensively on the US-China trade war, slowing economies, threat of recession, the US impeachment enquiry and the ongoing Brexit uncertainty. We’ve said more than once that these factors favour those who wish to buy now – one gold industry expert has this week doubled down on this sentiment, saying that these issues support a 2020 bull run for gold and that precious metals are set to have a “very positive” year.
Renowned industry figure Peter Hug says, “From a physical perspective, if you’re an investor from a medium to longer term perspective, you just stay with this market and if your holdings are under your percentage allocation that you were looking to apply to your portfolio from the perspective of gold, then you just add to the position at these levels because I think 2020 is going to be a very, very volatile year and I think it’s going to be extremely positive Gold.”
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