Select Page

We’ve heard quite a few industry insiders predicting big things for gold in recent weeks and yet another has added his voice this week. Joe Foster, a hedge fund portfolio manager at New York’s investment management company, has lent his weight to a big bull run, stating that we will see gold hit $2000 before May 2021.

He says, “In certain scenarios we could see gold go up much higher than that. We’re going into a recession. We don’t know how deep it will be or how long it will be. Debt is increasing. Governments are having massive increases in debt to raise the funds to get through this crisis. So, there’s an awful lot of uncertainty in the market going forward. Gold doesn’t pay any interest, but with interest rates at zero or even negative in Europe and Japan, gold is now competitive with interest-bearing instruments.”

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