Gold to Rise as Central Banks Are Heavily Buying In

As experts go on record predicting a rise in gold valuations for the year, Central Banks have been buying up the precious metal in large numbers. At the same time, companies and investment leaders are selling off stocks at a high rate. This combination is most prominent when signs point to a potential market crash. Will gold rise as a result of these moves? It should be noted Central Banks don't take the type of significant positions they are taking in gold, unless they believe there's a need for greater future stability. Amid the overall economic uncertainties in the US, Citi says it expects significant gains: they are projecting over the next year or so that gold could hit a price of $3,000 an ounce while oil could reach $100 a barrel.

Swiss America CEO Dean Heskin and Chris Agelastos break down what's happening, the factors involved and how you can protect yourself on The Secret War on Cash.

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Articles discussed in this podcast:
Gold at $3,000 and oil at $100 by 2025? Citi analysts don't rule it out (cnbc.com)
https://watcher.guru/news/gold-prices-to-reach-new-highs-in-2024-as-central-banks-buy-387-tonnes