In discussing the price of gold, Peter Boockvar, Chief Investment Officer at Bleakley Advisory Group, predicts, “I think $5,000 is becoming more realistic, and on a parabolic mania overshoot $10,000.” In an interview with Daniela Cambone, Boockvar explores factors driving the rally in precious metals, suggesting that the renewed interest in them “is payback of lack of investment with supply-demand balance happening now in commodities.” He further examines the intricate connections between the Japanese yen, the surge in oil prices, and 10-year treasuries. As the yen weakens, they sell U.S. treasuries to finance oil imports, leading to a tight coordination between the Japanese yen, oil prices, and U.S. treasuries.
🔒 PROTECT YOUR ASSETS FROM FINANCIAL UNCERTAINTY: Discover how precious metals can anchor your portfolio against inflation and systemic risks. Secure your FREE 30-minute strategy session now: or call 866-706-9061
“ITM did a great job of educating me on the history of the dollar, the financial markets, the banks, gold, and the laws so that I had a better understanding of things.” – Kristen W.
📖 FREE DOWNLOAD: YOUR ULTIMATE DECISION-MAKING GUIDE ON GOLD AND SILVER:
📖 CHAPTERS:
00:00 Gold/silver
5:02 Retail investors interested in gold in North America
7:20 Commodity investment vs tech investment
10:12 Gold price
13:26 Silver
15:43 10-year yield and US dollar
20:06 Powell’s rate policy for the world
22:18 Mixed global economy growth
23:41 Concluding words
👋 STAY IN TOUCH WITH ITM & DANIELA
🟩 Schedule a Strategy Session: 866-706-9061
🟩 Email us at services@itmtrading.com
🟩 Official Homepage
🟩 Listen On The Go:
🟩 ITM’s Twitter:
🟩Daniela’s Twitter:
🟩Daniela’s Newsletter:
🌎 ABOUT ITM TRADING:
For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.
Disclaimer: The views, opinions, and financial recommendations expressed in this video are solely those of the guest and do not necessarily reflect the views of ITM Trading. ITM Trading is not responsible for any financial decisions made based on the content provided in this video.
ITM Trading Inc. © Copyright, 1995 – 2024 All Rights Reserved.
#economy #gold #PeterBoockvar
source
34 Comments
The breex scam way back really killed the metal industry for a very long time and maybe some people have memories of that
@bruce5895 Hi Bruce, I didn't ask if silver was a Tier 1 Asset, I stated that the BIS made gold a Tier 1 asset, the only other Tier 1 asset besides the USD. All the best, and sorry someone provided you incorrect information.
If gold goes parabolic governments will impose a "windfall profit" tax on the sale. That is the way criminal organizations roll….
Parabolic? It would appear that the headline is one that the makers of this video do not understand. This video is not worth watching because they sadly use words that they do not understand.
I found you again Daniela! I was wondering where you went and thought you just took a break due to the kids! You do great work! Glad to catch up on what you have been doing these past few months
People ought to be putting more savings not into dollars that are constantly being created and devalued but in something they can hold and control from the comfort of their home. No middleman fees and no counterparty risk. Desperate measures, whether big tax hikes or CB money printing are mathematically certain. US is on the hook for trillions in transfer payments to retirees and also all of the illegal aliens looking for government handouts / subsidies. Allowing millions of less educated, unskilled people can only worsen the wealth inequality problems in America.
The fact that the U.S. has not targeted gold, which is currently seen as similar to Bitcoin, should be alarming to all gold holders. It suggests that the U.S. government already has gold under its control.
You have no sovereignty with gold and fiat marriage. Just stuck in their matrix like a drone.
I tuned in to see what Daniela was up too. How long does one have to live to understand it's not the world will come to an end but the world is always in a constant meltdown if you watch the news. I have invested in in the S&P index funds and it has outperformed my 3 one-ounce gold coins and a bunch of silver coins. I suggest prices go higher because the gov't keeps printing money (inflating). It's that simple. Dividend value stocks and bonds are another way to go. I like the eye glasses. Good luck everyone.
Yup, any year now!
I already bought all my Gold, Silver, miners over the past decade. That is why I am not a buyer now.
"I think you're missing the point." What a joke of a press secretary.
55K.. if an invented digital dream hits 70K.. why not.
Great interview Daniela! Good questions. Peter does a great job of explaining why money has been flowing into tech in the last decade or so. The under investment in mining and the precious metals markets has been stretching the rubber band for many years.
$50 silver in June 1980 would equal a price of $188 today, inflation adjusted at the government’s own inflation calculator website.
15k by the end of 2025.
Is this guy Peter schiff cousin? lol
Silver is massively important to the military industry.
CNBC does not do good work.
The limit in terms of how low paper currency can go is zero. In other words, there is no upper limit when it comes to the price of a Trojan ounce of gold in terms of US dollars.
Japanese exports became cheaper as Yen v $ exchange rate went down. Good in one way but not good when purchasing imports. Japan may not be able to keep buying US Treasury bonds.
I bought 100 oz of Au at $2650.00/oz Cdn. Now it's FIAT valuation at over $3400.00 Cdn. Buddy asked if I was going to sell some and 'take profit'. I laughed… And, this guy is relatively smart, or so I thought
War leads to inflation. Buckle up for a few years.
At this point in time, you've missed the gold train
I don't understand why these people when they talk about btc is to traffic people and other things as well.
Who is going to buy it at extremely elevated prices? i.e. 5k plus? Even if it does run up like that, it will sell off and plummet.
ITM is lucky to have Daniela!
Going parabolic… more or less same price as 2011;-)
Who will buy gold if it went to 24K an ounce?
Section 10 (Constitution)
Clause 1 Proscribed Powers
-No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make anything but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
Powell wearing a purple tie ! Blue and red make purple, both wings 🦅
Empire Strikes Back 🇯🇵 🇹🇷 change of ownership to the Emperor’s ! !
This May 16-22
Jupiter Uranus Venus Sun are conjunct in Taurus – this screams a money transit in astrology
JP Morgan, not me, famously quoted
Millionaires don’t need an astrologer but billionaires do
Venus doesn’t retrograde in 2024
Prices ain’t going down
Stack up for that transit! 😉 ☀️ 🌙
Islanders are in the playoffs?
Daniela – can you do a show on what to do with fiat when we sell physical gold at 5k or 10k and silver at 30 or 50? Seems to me that when precious metals hit these highs, fiat will be worthless.
Hyperbolic increases in gold may be stifled somewhat (at least for a time) by massive dumping of supply from major holders if the increase is both high & fast (ex. Gold hits $5000/oz but massive selling drops it back down to $3000/oz). Silver I’m not sure about… the supply is much larger than gold; maybe silver will range between $60-300/oz if things really collapse ⁉️
One reason that the hyper-wealthy don’t hold much physical gold is the security risks related to storage of such large amounts ($1 billion in gold @ &2500/oz = 1,250 bullion bars); you would have to keep that in a vault but as the saying goes “ If you don’t hold it, you don’t own it. “…however, if gold went to some crazy price like $25,000/oz it might become a more attractive investment due to density of supply. Of course, they can always change the laws; just ask anyone who held gold during WW2 years ⚠️