Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Investing Chris Blasi: Gold’s Price Move is Real, Long-awaited Returns Coming
Investing

Chris Blasi: Gold’s Price Move is Real, Long-awaited Returns Coming

by admin March 29, 2024
March 29, 2024

The gold price has risen to historic highs, but some market participants still aren’t sure if the move will stick.

Chris Blasi, president of Neptune Global, shared data that he believes validates the yellow metal’s uptick and confirms that it has much further to run. In his view, gold is in the third leg of a secular bull market that began in 2001.

The data that Blasi discussed relates to Neptune Global’s PMC Index. Created in 2008, it tracks gold, silver, platinum and palladium, weighing the four precious metals according to what the company views as a balanced investment portfolio.

‘Here we are in 2024, and for the first time since this index has been available, gold is now outperforming the other metals. What this is telling me is gold is breaking out — the money is moving more to gold,’ Blasi said.

‘The economy is slowing down, probably because the industrial metals are easing off in price, and the interest is more in the properties of money, which is what gold is. If you overlay that with what we see going on in the world geopolitically, macroeconomically — that’s what I believe is supporting (gold) and telling us this is the time to be into gold,’ he added.

He acknowledged that some investors may not want to buy gold now that the price is so high. However, given how much the precious metal could rise in the coming years, it may be better to act now than to wait.

‘That would tell me it’s still a very opportune time to get in, and that gold is probably going to be seeing in the next several years some of the very aggressive price targets that some well-respected analysts have put out there — we’re talking US$3,000, US$5,000, US$10,000 (per ounce) and possibly more,’ Blasi explained.

Watch the interview above for more of his thoughts on gold and its most important price drivers in 2024, from the US Federal Reserve to geopolitics. Blasi also discusses the silver, platinum and palladium markets.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterPinterestEmail
previous post
Social Security Administration will no longer count food aid as income for poor recipients
next post
Grid Battery Exploration Team begins work on its Clayton Valley Lithium Project

Related Posts

More high-grade assays pave way for resource at Golden Eye

June 10, 2025

Mario Innecco: Gold Still in Third Inning, When Will Silver...

June 10, 2025

Drilling Planned to Update & Grow Lo Herma Resource

June 10, 2025

Sarama Outlines Extensive Gold Trends at Cosmo Gold Project

June 10, 2025

Walker Lane Resources Announces Terms for Private Placement Units to...

June 10, 2025

Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through...

June 10, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Soldiers return home after years in captivity as Ukraine-Russia prisoner swap begins

      June 10, 2025
    • China to make all hospitals offer epidurals to incentivize childbirth

      June 10, 2025
    • Canada plans to hit NATO spending target early and reduce reliance on US defense, Carney says

      June 10, 2025
    • Russia strikes Kyiv and Odesa with aerial attacks, at least two people wounded, officials say

      June 10, 2025
    • Teenage TikTok star’s murder leaves Pakistani women questioning whether any safe spaces exist – online or on the street

      June 10, 2025

    Categories

    • Business (1,396)
    • Investing (3,417)
    • Politics (4,574)
    • World (4,489)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing