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Silver may be Thomas Kaplan's puppy love as he sees the potential for the precious metal to ultimately press to $100 bucks; nevertheless, he is likewise not quiting on gold as he sees the yellow steel in the third-wave of a nonreligious bull market that will take it "way past new highs."
He noted that gold was in a strong uptrend well before the COVID-19 pandemic ruined the international economic situation. "All the pandemic has actually offered to do is to make individuals now understand that the concern of cash and also what is cash when clearly it can be printed at will, he said. "The misusage of money is clearly really, extremely favorable for gold."
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Billionaire Investor Thomas Kaplan says gold prices to move 'way past' all-time highs (Pt. 2/2)
Silver may be Thomas Kaplan's first love as he sees the potential for the precious metal to eventually push to $100 dollars; however, he is also not giving up on gold as he sees the yellow metal in the third-wave of a secular bull market that will take it "way past new highs."
He noted that gold was in a strong uptrend well before the COVID-19 pandemic devastated the global economy. "All the pandemic has served to do is to make people now understand that the question of money and what is money when clearly it can be printed at will, he said. "The debasement of currencies is obviously very, very bullish for gold.”
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