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Gold has actually seen some solid gains thus far this year with costs holding above $1,700 an ounce, however it's not too late to get into the marketplace, which currently has limitless possibility, stated Mike McGlone, senior commodity strategist at Bloomberg Intelligence.
" Regarding just how high [gold] can go, it's intended to reach a period where it gets silly pricey like the stock market provided for a little while last couple of years," he stated. "Stock market's been increased by this massive quantity of liquidity, yet the concern is how much longer that can last. I believe gold has the top hand."
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Gold is just starting its bull run to ‘stupidly’ higher prices – Bloomberg Intelligence
Gold has seen some strong gains so far this year with prices holding above $1,700 an ounce, but it’s not too late to get into the market, which currently has unlimited potential, said Mike McGlone, senior commodity strategist at Bloomberg Intelligence.
“As far as how high [gold] can go, it's supposed to get to a period where it gets stupid expensive like the stock market did for a little while last few years,” he said. “Stock market's been boosted by this massive amount of liquidity, but the question is how much longer that can last. I think gold has the upper hand.”
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