Peter Spina on Gold: "This is a Great Time to be a Buyer" | Summary and Q&A

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February 8, 2017
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Investing News
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Peter Spina on Gold: "This is a Great Time to be a Buyer"

TL;DR

Gold has rebounded after a selloff in the US elections, and while the Federal Reserve may raise interest rates, it won't have a major impact. Gold investors should take advantage of the stable prices and accumulate positions. The uncertainty brought by Trump's policies and the rise of populism in Europe present opportunities for gold.

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Questions & Answers

Q: How has gold performed so far in 2017?

Gold experienced a selloff after the US elections, becoming oversold. However, the price is now rising, and it is expected to continue moving higher in the coming months.

Q: Will interest rate hikes by the Federal Reserve affect gold prices?

While there may be a few rate increases, they are unlikely to have a major impact on gold prices, as they are mostly priced into the market. The dollar has already rallied, and Trump's preference for a weaker dollar could limit its further increase.

Q: What advice do you have for gold investors during uncertain times?

This is an excellent time for gold investors to buy and accumulate positions. Prices are stable, and the gold stocks have come down relative to the gold price over the last five years, offering a great buying opportunity.

Q: Are there any reasons to be optimistic about gold prices in 2017?

The uncertainty brought by Trump's policies, the rise of protectionism, and political events in Europe, such as Brexit and upcoming elections, create a potentially favorable environment for gold prices.

Summary & Key Takeaways

  • Gold experienced a significant selloff after the US elections but is now rebounding and expected to continue rising.

  • Potential interest rate hikes by the Federal Reserve may not have a significant impact on gold prices, as they are mostly priced into the market.

  • Gold investors should take advantage of the stable prices and uncertain geopolitical climate to accumulate positions, as there hasn't been a better time in years.

  • Trump's policies, potential trade wars, and political uncertainty in Europe create reasons to be optimistic about the gold price in 2017.

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