Gold prices could surge to as high as $2,000 per ounce next year, according to David Roche of Independent Strategy.
"Gold is a good alternative currency because it's safe, and because it costs nothing to own it compared to paying negative rates on deposits," said David Roche of Independent Strategy.
Gold prices could surge by about 30% to as high as $2,000 per ounce next year, Roche said. The price of spot gold currently stands at around $1,500 per ounce. A mark of 999.9 fine sits on hallmarked one kilogram gold bullion bars at the Valcambi SA precious metal refinery in Lugano, Switzerland.Gold prices could surge by about 30% to as high as $2,000 per ounce next year, according to David Roche, president and global strategist at Independent Strategy.
"Gold is a good alternative currency because it's safe, and because it costs nothing to own it compared to paying negative rates on deposits," Roche said. As a result, gold prices will likely touch $1,600 before the end of this year, before moving higher to $2,000 next year, he said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Trump Spent $2 Million On Facebook For ‘Official Impeachment Defense Task Force,’ Researcher SaysHe’s spending money on the social network to fight impeachment.
Weiterlesen »
Church uses donations to pay off $2.6M in medical debt for familiesThe church worked with nonprofit RIP Medical Debt, an organization that uses donations to buy medical debt at pennies on the dollar and then forgives the debt.
Weiterlesen »
Happiness Has A Price And It’s $1,500 An Ounce For Gold MinersGold’s recent rise giving miners and investors something to dig
Weiterlesen »
Kendall Jenner Stunned in a Black and Gold Dress at Justin Bieber and Hailey Baldwin's WeddingKendall Jenner Stunned In a Black and Gold Dress at Justin Bieber and Hailey Baldwin's Wedding
Weiterlesen »
Even Troye Sivan’s Tour Outtakes Are Fashion GoldEven TroyeSivan's tour outtakes are fashion gold.
Weiterlesen »
Kylie Jenner Wore a Revealing Keyhole Gold Dress to Hailey Baldwin and Justin Bieber's WeddingGuess she's all better.
Weiterlesen »