Gold should shine this year.
Last trading at $2,045, it could potentially see $2,500 this year. All thanks to potential interest rate cuts from the Federal Reserve, rising geopolitical tension, and strong demand from central banks all over the world.
For one, if the Fed does lower rates as promised, gold becomes far more attractive. Two, with rising tension in the Middle East, gold will become a safe haven trade. For example, when the war broke over Ukraine and the Israel-Gaza situation, investors sought safety in gold.
Three, election year results could influence gold prices too. In fact, according to Deseret News, “Democratic presidential election wins led to an average gold price increase of 1.5%, while Republican wins brought a 5.5% decrease on average.” Global central banks have also been buying a good deal of gold.
All this should serve as strong catalysts for gold stocks such as Barrick Gold (GOLD), which carries a yield of 2.29% at the moment.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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