Select Page

The investment advisory firm, Edelweiss says investors should be buying gold right now to maximise their investments as it forecasts a run to £2,023 ($2,800) in the medium term.

In a briefing report, the Edelweiss chief market strategist, Sahil Kapoor says the rebound in dollar prices we’ve seen over the course of the last few weeks is nothing but good news for gold investors because it has created a lucrative opportunity to buy the dip. The rebound will then be followed by longer term losses, which is supportive of a multi-year bull run.

Kapoor writes, “We believe that the possibility of a short term U.S. dollar rebound due to risk aversion should be utilized to add to gold investments. With record global debt and MMT in place, there is more certainty that it is about time that gold will reprice itself to account for dollar debasement. When faith in the modern monetary system is shaken, there is a tendency to shift towards hard assets, probably justifying why central banks across the globe have been net buyers of gold bullions since the Global Financial Crisis.

“The U.S. dollar Index is likely to remain softer after a rebound in H1 2021. Moreover, worldwide currency debasement should favour gold prices across countries. Gold has done well in time of fiscal easing and more so when is it coupled with current account deficits widening. This year will be historic in taking the twin deficits to the unprecedented 25% of GDP.”

Act quickly and buy now to tap into this opportunity.

Disclosure
This website is published by The Gold Safe Ltd, a Company registered in England and Wales with Company number: 11994725 a subsidiary of the United Kingdom Asset Company Ltd, a Company registered in England and Wales with Company number: 09784057 and is intended for information and promotional purposes only. The information provided in our free guide is not intended as an offer to invest and should not be construed as financial advice.

Fees: There are no fees for using this website or service.

Contact us: Tel: 0203 695 3400
Web: www.thegoldsafe.co.uk
Email: admin@thegoldsafe.co.uk

Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ

All rights reserved copyright 2020 The Gold Safe Ltd

Follow us on:

    Wait! Before You Leave Download The 'Ultimate Guide to Gold Investing'
    FREE of Charge