Название: Investing in Gold & Silver For Dummies
Автор: Paul Mladjenovic
Издательство: John Wiley & Sons Limited
Жанр: Ценные бумаги, инвестиции
isbn: 9781119724049
isbn:
For 2020, gold was one of the top performers given how chaotic and problematic the year was. With stocks both crashing and rallying while the economy was hammered by the global pandemic and strict government lockdown, gold soared from $1,520 to new heights in August 2020 with a gain of 28 percent, with a third of the year still to go!
News flash! For the first time ever, gold hit $2,000 per ounce on August 4, 2020. It went on to hit an all-time high of $2,089.20 as of August 7, 2020 (gold futures, intra-day high). As I write this, the price took a break and pulled back below $2,000.
In the 1970s, there were aggregate dollar moves of assets and markets in the millions; in the 1980s and 1990s, it was billions. By the first decade in this millennium, we were talking about trillions, and now, circa 2020–2021, we are in the tens of trillions. The world is now facing many trillion-dollar problems, and gold is better situated than ever for getting through the storm — multiple storms.
In the sixth edition of Stock Investing For Dummies (Wiley), I detail ten challenges and pitfalls during 2020–2030 for stock investors. I could have easily placed that information in this book and titled it “Ten opportunities for gold investors and speculators.” Here are some of those challenges that face not only stock investors but the world at large:
Trillion-dollar pension shortfalls
Bond and debt bubbles
Social security shortfalls
Currency crises
Read the full list at
www.dummies.com/personal-finance/investing/stocks-trading/10-investing-pitfalls-and-challenges-for-2020-2030
and view them as solid reasons gold will do well. Between favorable demand and supply factors coupled with the trillion-dollar issues with paper assets (bond bubble, debt defaults, and so on) and conventional currencies (such as inflation), you have a perfect storm for much higher gold prices. Get some gold for yourself soon.
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