Gold has the potential to double when the Federal Get starts to tighten up and trek prices to fight off hotter-than-expected inflation, claimed Peter Boockvar, chief investment policeman at Bleakley Advisory Team.
" If you rising cost of living readjust gold for its 1980 high, it can most likely to $2,500, it can overshoot $3,000 plus," Boockvar informed Michelle Makori, editor-in-chief of Kitco News. "Silver … can get back to its highs of $50 plus. Call me one asset that's down 50% from its document high. I can not actually consider many other than silver."
Boockvar is bullish on rare-earth elements because of his inflation as well as slower development overview. "Inflation is not transitory. Which will certainly be one of the most essential thing in establishing the direction of the economic situation and the marketplaces. I do not expect a reversion back to pre-COVID levels," he said.
Follow Michelle Makori on Twitter: @MichelleMakori ()
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