safe haven assets – Gold News Today

Gold prices have seen an incredible surge of energy with costs pushing to a fresh nine-year high above $1,850 an ounce and also one market planner sees gold rates relocating higher via the remainder of the year.

Marc Chandler, chief market planner at Bannockburn Global Foreign exchange has actually been bullish on gold since the begin of the year and in an interview with Kitco Information, he said that in the present environment gold costs might conveniently push to $2,000; it's simply an issue of when.
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We are potentially going into an "Ice-9" situation where the whole world may "freeze" over financially, claimed Jim Rickards, very popular writer of "The Road to Spoil" and also "After-effects: 7 Secrets of Wide Range Conservation in the Coming Chaos."

" If you close down the New York stock exchange, and also I can not market supplies as well as get cash, I'm going to sell my cash market funds or redeem my cash market funds. Then you've got to shut down the money market funds market, and after that people state 'ok, I'll go to the banks or the Atm machines,'" he claimed. "And then you've reached shut down the financial institutions so the factor is, it spreads from exchange to cash markets, to brokerage firm accounts, to banks, as well as you wind up closing down the entire system."
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Kitco Information is the globe's # 1 resource of steels market information. Our videos include meetings with popular market figures to bring you market-affecting understandings, with the objective helpful individuals make educated financial investment decisions.

Subscribe to our channel to stay up to day on the most up to date insights moving the steels markets.

For more breaking news, visit

Online gold rate and also charts:.
Live silver cost and also charts:.

Do not fail to remember to register for Kitco News' Weekly Roundup– comes out every Friday to evaluate the most popular stories & videos of the week:.

Sign up with the discussion @ The Kitco Forums and also become part of the premier on the internet neighborhood for precious metals financiers:.

Disclaimer: Video clips are not trading suggestions and also the sights revealed may not reflect those of Kitco Metals Inc
.