Kuitun mining
Publish: 2021-04-14 08:53:12
1. Last Sunday, we published an article entitled "strange things happen in the gold market! The price of gold may rise to $10000 next year, "the article said. Jim Rickards, author of the best-selling books" currency war "and" the death of money "and with 35 years of experience in the capital markets of Wall Street investment banks, believes that the continuous printing of money by global central banks to avoid financial crisis will make central banks run out of money and eventually lead to hyperinflation or be forced to return to the gold standard, Either way, the price of gold will rise sharply
moreover, Jim Rickards believes that the price of gold will reach $10000 / oz early next year
he explained that in the event that the United States is facing a lot of debt and other countries are selling dollars, the trump government may eventually have to take the lead to restart the monetary system and adjust the exchange rates of currencies and dollars to the level of $10000 an ounce of gold
Rickards pointed out that it is not entirely impossible to restart the monetary system. After the Treaty of labalo in 1922, the monetary system was restarted eight times. Although the price of gold at $10000 per ounce seems to be quite exaggerated at present, think about it. In 2002, the price of gold was only $250 per ounce, and after nine years, it increased seven times to $1900 per ounce, he said. Whether you believe trump will use the gold standard again or not, you should consider the fact that central banks are buying gold, which all investors should learn
as Rickards himself thinks, the price of gold at $10000 / oz is really a super exaggeration for the moment Note: on Tuesday (September 5), the current gold price was $1335.76/oz, which is obviously a gap between the sky and the ground.
Eric sprott, a Canadian billionaire and sprott asset management, believes that the gold price will rise to $5000 or even $10000 / oz
sprott believes that it is necessary to hold gold in the next ten years, no matter from the perspective of the US dollar, the trump administration or the US financial system. It is not exaggeration that the price of gold will increase several times or even to US $10000
because in 2016, the stock market rose by 160% in six months, and Huang Jin may repeat this situation. After all, the U.S. dollar has been weak in recent years, reaching its lowest level in 32 months. Although it has recovered, it is still below 93
"judging from the current financial situation in the United States, it has actually gone bankrupt. People will wake up when they realize that this kind of life is difficult to maintain and the pension will not be released." Sprott said
at the beginning of Trump's term of office, the market had placed high hopes on him. As a result, after last year's U.S. election, there was a wave of decline in the price of gold, but the market's disappointment with Trump's government has become more and more serious
"Washington is in chaos, and it doesn't seem to do much. Countries will continue to sell dollars, so it's not as exaggerated as it sounds that gold prices have doubled. The performance of the system now shows that it is necessary to hold gold in the next decade. " Sprott's point of view coincides with Rickards's
Rickards pointed out that it is the large amount of debt that makes the US dollar less trusted, and it is reasonable for governments to buy gold to diversify their portfolios. In fact, some media have expressed concern before, and even "stock god" Warren Buffett has a similar view, specifically:
"I always think that precious metals are manipulated by central banks. Once they can't continue to control, precious metals will enter a huge bull market for a long time." Sprott said< In fact, their forecasts are not based on the following four trends:
1. The bearish US dollar
the weekly trend chart of the US dollar index
it is obvious to all that how bad the US dollar is. Since the US dollar broke through the historical high of 103.8222 in December 2016, it has started a long 10 month decline period (still continuing), At present, the lowest dollar has fallen below 92. Behind the decline of the US dollar is the continuous decline of the market's confidence in the US dollar. Whether it is the US Federal Reserve's interest rate increase or the US economy's steady recovery, it has not changed the doubts of investors. Selling seems to be the only way for the US dollar
2. Frequent geopolitical risks
in the last two years, geopolitical risks occurred frequently in 2016-2017, including brexit of the UK, Trump's election as president of the United States, tension in North Korea, instability in the Middle East, and constant terrorist attacks in Europe. All of the above events caused huge market shocks, especially gold, which continued to climb up with the help of risks. For example, on Sunday, North Korea announced the success of the hydrogen bomb test, which successfully led to a sharp rise in the price of gold when it opened on Monday
3. The problems of the US government emerge in endlessly
with such an independent president, the US government can not escape the fate of "problems". It has been nine months since trump took office, but he has not achieved anything beneficial to the US economy. On the contrary, with health care reform hanging up again and again, the prospect of tax reform is also worrying. The inner-Party struggle is sharp, and he has a lot of scandals. In addition to ordering an air raid on Syria, withdrawing from the TPP, and opposing the Paris Agreement, his only passion seems to be building the border wall and surfing the Internet (tweeting)
the coming debt ceiling is another big problem. What else can trump hope for, who would rather stop the government than give up building the wall? At that time, the panic of investors will sweep the market again. No wonder the dollar is so unpopular< The central bank "grasps" the gold reserve
all the central banks have the gold reserve, but before most countries' gold reserve all exists in the New York Federal Reserve. However, in recent years, Germany's continuous return of gold and the US Treasury Secretary's efforts to ensure the safety of gold reserves have made the market feel that something is wrong, and the "gold conspiracy theory" has become active again. The central bank shows the trend of "seizing" gold reserves, which shows that in order to rece risks, the central bank needs sufficient gold. This signal also brings a reminder to ordinary investors that their preference for gold will rise in the future
recently, the situation in North Korea has become increasingly tense. Last weekend, a North Korean hydrogen bomb pushed gold to an annual high of US $1338 / oz. At the same time, bitcoin, which had been forced into the sky, had a flash crash on Monday. It was mentioned in yesterday's article entitled "just now, the central bank enlarged its bid, the market collapsed instantly, and countless people burst their positions". On Monday, the Central Bank of China and other seven departments issued an announcement demanding that all kinds of token issuance and financing activities be stopped immediately, It's like pouring a bucket of ice water into the boiling pot of virtual money market. The price of bitcoin dropped nearly 2000 yuan in 90 minutes, while the price of other virtual currencies that focus more on the Asian market, such as lightcoin and Ethereum, fell more. This situation has also made many speculators feel bitter
therefore, now that investors are aware of the regulatory risks faced by virtual currency, it is reasonable for precious metals, the traditional safe haven asset, to be popular again. On the other hand, the collapse of bitcoin and other virtual currencies may also mean the beginning of the asset market's decline. The instry leaders have already warned that under the negative mood of internal and external interaction, it is difficult for the United States to continue its bull trend in September, and to be the king of risk aversion is, in fact, the king of gold. At least, before the "trump New Deal" is implemented and the global geopolitical situation eases, more funds will be driven to the gold market, which will be the main theme in the near future.
moreover, Jim Rickards believes that the price of gold will reach $10000 / oz early next year
he explained that in the event that the United States is facing a lot of debt and other countries are selling dollars, the trump government may eventually have to take the lead to restart the monetary system and adjust the exchange rates of currencies and dollars to the level of $10000 an ounce of gold
Rickards pointed out that it is not entirely impossible to restart the monetary system. After the Treaty of labalo in 1922, the monetary system was restarted eight times. Although the price of gold at $10000 per ounce seems to be quite exaggerated at present, think about it. In 2002, the price of gold was only $250 per ounce, and after nine years, it increased seven times to $1900 per ounce, he said. Whether you believe trump will use the gold standard again or not, you should consider the fact that central banks are buying gold, which all investors should learn
as Rickards himself thinks, the price of gold at $10000 / oz is really a super exaggeration for the moment Note: on Tuesday (September 5), the current gold price was $1335.76/oz, which is obviously a gap between the sky and the ground.
Eric sprott, a Canadian billionaire and sprott asset management, believes that the gold price will rise to $5000 or even $10000 / oz
sprott believes that it is necessary to hold gold in the next ten years, no matter from the perspective of the US dollar, the trump administration or the US financial system. It is not exaggeration that the price of gold will increase several times or even to US $10000
because in 2016, the stock market rose by 160% in six months, and Huang Jin may repeat this situation. After all, the U.S. dollar has been weak in recent years, reaching its lowest level in 32 months. Although it has recovered, it is still below 93
"judging from the current financial situation in the United States, it has actually gone bankrupt. People will wake up when they realize that this kind of life is difficult to maintain and the pension will not be released." Sprott said
at the beginning of Trump's term of office, the market had placed high hopes on him. As a result, after last year's U.S. election, there was a wave of decline in the price of gold, but the market's disappointment with Trump's government has become more and more serious
"Washington is in chaos, and it doesn't seem to do much. Countries will continue to sell dollars, so it's not as exaggerated as it sounds that gold prices have doubled. The performance of the system now shows that it is necessary to hold gold in the next decade. " Sprott's point of view coincides with Rickards's
Rickards pointed out that it is the large amount of debt that makes the US dollar less trusted, and it is reasonable for governments to buy gold to diversify their portfolios. In fact, some media have expressed concern before, and even "stock god" Warren Buffett has a similar view, specifically:
"I always think that precious metals are manipulated by central banks. Once they can't continue to control, precious metals will enter a huge bull market for a long time." Sprott said< In fact, their forecasts are not based on the following four trends:
1. The bearish US dollar
the weekly trend chart of the US dollar index
it is obvious to all that how bad the US dollar is. Since the US dollar broke through the historical high of 103.8222 in December 2016, it has started a long 10 month decline period (still continuing), At present, the lowest dollar has fallen below 92. Behind the decline of the US dollar is the continuous decline of the market's confidence in the US dollar. Whether it is the US Federal Reserve's interest rate increase or the US economy's steady recovery, it has not changed the doubts of investors. Selling seems to be the only way for the US dollar
2. Frequent geopolitical risks
in the last two years, geopolitical risks occurred frequently in 2016-2017, including brexit of the UK, Trump's election as president of the United States, tension in North Korea, instability in the Middle East, and constant terrorist attacks in Europe. All of the above events caused huge market shocks, especially gold, which continued to climb up with the help of risks. For example, on Sunday, North Korea announced the success of the hydrogen bomb test, which successfully led to a sharp rise in the price of gold when it opened on Monday
3. The problems of the US government emerge in endlessly
with such an independent president, the US government can not escape the fate of "problems". It has been nine months since trump took office, but he has not achieved anything beneficial to the US economy. On the contrary, with health care reform hanging up again and again, the prospect of tax reform is also worrying. The inner-Party struggle is sharp, and he has a lot of scandals. In addition to ordering an air raid on Syria, withdrawing from the TPP, and opposing the Paris Agreement, his only passion seems to be building the border wall and surfing the Internet (tweeting)
the coming debt ceiling is another big problem. What else can trump hope for, who would rather stop the government than give up building the wall? At that time, the panic of investors will sweep the market again. No wonder the dollar is so unpopular< The central bank "grasps" the gold reserve
all the central banks have the gold reserve, but before most countries' gold reserve all exists in the New York Federal Reserve. However, in recent years, Germany's continuous return of gold and the US Treasury Secretary's efforts to ensure the safety of gold reserves have made the market feel that something is wrong, and the "gold conspiracy theory" has become active again. The central bank shows the trend of "seizing" gold reserves, which shows that in order to rece risks, the central bank needs sufficient gold. This signal also brings a reminder to ordinary investors that their preference for gold will rise in the future
recently, the situation in North Korea has become increasingly tense. Last weekend, a North Korean hydrogen bomb pushed gold to an annual high of US $1338 / oz. At the same time, bitcoin, which had been forced into the sky, had a flash crash on Monday. It was mentioned in yesterday's article entitled "just now, the central bank enlarged its bid, the market collapsed instantly, and countless people burst their positions". On Monday, the Central Bank of China and other seven departments issued an announcement demanding that all kinds of token issuance and financing activities be stopped immediately, It's like pouring a bucket of ice water into the boiling pot of virtual money market. The price of bitcoin dropped nearly 2000 yuan in 90 minutes, while the price of other virtual currencies that focus more on the Asian market, such as lightcoin and Ethereum, fell more. This situation has also made many speculators feel bitter
therefore, now that investors are aware of the regulatory risks faced by virtual currency, it is reasonable for precious metals, the traditional safe haven asset, to be popular again. On the other hand, the collapse of bitcoin and other virtual currencies may also mean the beginning of the asset market's decline. The instry leaders have already warned that under the negative mood of internal and external interaction, it is difficult for the United States to continue its bull trend in September, and to be the king of risk aversion is, in fact, the king of gold. At least, before the "trump New Deal" is implemented and the global geopolitical situation eases, more funds will be driven to the gold market, which will be the main theme in the near future.
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