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Author Topic: Experts expect a gold medal return in 2019  (Read 42 times)

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Offline Flo86xx

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Experts expect a gold medal return in 2019
« on: March 10, 2019, 02:55:35 PM »
Experts expect a gold medal return in 2019

Turbulent stock markets and political turmoil unsettle investors.
So does the interest in gold. Experts expect top prices for 2019.

Frankfurt, the year 2019 could become a year of gold. More and more experts are expecting a comeback of the precious metal in its classic function: as a life-saving anchor in turbulent times.
"The political and economic uncertainties are increasing. This is positive for gold as a classic safe haven, "said Hans-GŁnter Ritter, Head of Precious Metal Trading at the technology group Heraeus, at an event in Frankfurt. Politics is more focused on confrontation and selfishness, which strengthens gold.
Ritter also has an eye on the financial markets: "If the stock markets remain turbulent, investors could use gold more for risk diversification."
The Heraeus man predicts a top prize of $ 1,450 a troy ounce this year. He is among the top 30 optimists among the precious metal analysts surveyed by the London Bullion Market Association on their pricing for this year.
Only Eddie Nagao of the Sumitomo Corporation surpasses him, he expects $ 1,475. Since last August, gold has already gained 12 percent and has surpassed the $ 1,300 mark (see chart).
Ritter is in good company with asset managers. The well-known fund manager Jens Ehrhardt finds many arguments for the metal: "Gold can continue to rise, is also a mirror of uncertainty, such as the Brexit, and the rising debt." More debt and perhaps higher inflation would also be good for gold in his opinion , believes the head of DJE Kapital.

Gold and other precious metals enjoy tax privileges

Investors are hardly involved in the precious metal, hardly anyone expects a larger price increase. Ehrhardt dares to argue: "If the investor interest rises, the price can rise above $ 1,500 - that would be the surprise of 2019."
In a similar direction one of the most successful fund managers for precious metal stocks thinks. Mark Burridge, the manager of Bakersteel, has several reasons to buy gold: rising financial market risks, geopolitical crises, and continued low real interest rates with continued inflationary pressures.

Ritter also sees a plus in the likelihood of further US rate hikes. This prospect weighs on the dollar and mirrors the alternative currency of gold. The Brit Burridge has the next price target $ 1,400 to $ 1,500 in mind. However, he thinks far beyond that: "In a real bull market, we would come over the old high of just under eight years ago at $ 1,900."
So gold appears as an investment for skeptical stockbrokers.


The performance of a selection of our depot favorites:

Barrick Gold Aktie:      (WKN: 870450 - ISIN: CA0679011084)
Gold Standard Ventures:   (WKN: A0YE58 - ISIN: CA3807381049)
Ximen Mining Corp:       (WKN: A2JBKL - ISIN CA98420B1013)

 


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