John Kaiser: Gold Might Challenge US$2,000 This Year

TL;DR

Gold prices are expected to rise in 2020 due to increasing uncertainty in the global market, creating potential opportunities for resource junior companies.

Transcript

Priscilla Rada with the investing News Network and here with me today is Joan Kaiser of Kaiser Research John thank you so much for joining us today Priscilla thank you for having me on investing news network alright so we're here at BRE C 2020 to start I wanted to ask about gold prices we've seen gold prices Riley this year or do you see gold going... Read More

Key Insights

• 😮 Gold prices are expected to rise due to increasing uncertainty and potential geopolitical tensions.
• 🏅 The current environment is similar to the 70s when gold made a significant price move.
• 🤩 Geopolitical tension and the upcoming US election can impact gold prices, especially if infrastructure renewal becomes a key focus.
• 😮 Other precious metals like palladium have seen a rise in prices and could create investment opportunities.
• 😮 Resource junior companies with gold, platinum, or palladium deposits could benefit from rising prices.
• 🪡 The younger generation needs to be engaged in the resource junior sector, and regulatory reforms can help achieve this.
• 🉐 Companies like Midas Gold, Zephyr Minerals, FPX Nickel, and Niobate Metals show potential for significant gains in the current market.

Questions & Answers

Q: How has gold performed so far this year and where do you see it going in 2020?

Gold has performed well this year, and there are signs of the market taking gold seriously. It is likely to continue rising due to increasing uncertainty and potential geopolitical tensions.

Q: How does the current inflation environment and the value of the US dollar impact gold prices?

Inflation and the strength of the US dollar are traditionally key factors affecting gold prices. However, the current low inflation environment and uncertainty around the US dollar's future value make gold's rise less certain.

Q: How does geopolitical tension and the US election impact gold prices?

Geopolitical tension and the upcoming US election can impact gold prices, especially if there is increased uncertainty about America's role in the world. If both parties focus on infrastructure renewal, it could lead to a significant rise in gold prices.

Q: Are other precious metals like platinum and palladium worth investing in currently?

Palladium prices have been rising due to a shift away from diesel cars and a decrease in supply. If the trend continues, it could create opportunities for resource juniors with platinum and palladium deposits.

Summary & Key Takeaways

• Gold prices have been rising and the market is starting to take the value of gold seriously, signaling potential growth for resource junior companies.

• The current environment is similar to the 70s when gold made a significant price move due to uncertainty in the global landscape.

• Factors such as geopolitical tension, trade wars, and the upcoming US election can impact gold prices.