During my meeting with American publishing executive and financial guru Steve Forbes in October 2023, he told me that gold could rise to $2,500 in 2024 “and even higher [depending on who wins] the election.” I already believed gold was on its way to setting new record prices, so we shared our reasoning with one another. At the time, gold was trading at around $1,973 per ounce and now we are already halfway to $2,500 per ounce, with prices hitting $2,278 in early April.
After reviewing all of the factors in play, here are 10 reasons why gold will complete the second half of this leap to $2,500 per ounce, or higher, depending on who wins the election.
#1: The Fed may cut interest rates earlier than expected and by more than expected. Right now, most market pundits think the Federal Reserve will wait to make their first 0.25% cut in the Fed Funds interest rate and announce three cuts before the election. However, what if they make all three cuts at once, slashing the rate by 0.75% in one move to avoid looking like they are tampering with the election process? That could send a shock wave around the world, supercharging gold, perhaps by $100 in a day or two.
Esta historia es de la edición June - July 2024 de COINage Magazine.
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Esta historia es de la edición June - July 2024 de COINage Magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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John F. Kennedy Half Dollar Turns 60 - Memorializing a presidency cut short
The attempt on former U.S. President Donald Trump's life at a campaign event in Butler County, Pennsylvania, on July 13, 2024, could have been more significant than it was. Trump's ear was clipped, but the 45th president survived.The last time a sitting or former U.S. president survived an attempted assassination was in 1981, when a man obsessed with actor Jodie Foster shot the recently inaugurated President Ronald Reagan, who survived the attack. Sadly, there was no similar good fortune for President John F. Kennedy nearly 20 years earlier. One of the darkest days in American history occurred on Nov. 22, 1963, when a lone gunman drew his weapon and assassinated President Kennedy during a motorcade procession in Dallas, Texas
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