In a recent interview with Godzillanewz, Rich Checkan, the President and Chief Operating Officer of Asset Strategies International, shared his insights on the current state of the precious metals market. Checkan’s vast experience and expertise in the field provide valuable perspectives for investors looking to navigate the complex world of gold and silver investing.
One of the key points Checkan emphasized in the interview is the potential upward trajectory of gold prices. According to him, gold could reach as high as $3,800 per ounce in the current market cycle. This forecast is based on various factors, including the influx of liquidity and stimulus measures from central banks around the world, geopolitical tensions, and the long-term trend of currency devaluation.
Checkan’s bullish outlook on gold is further bolstered by his assessment of the silver market. He believes that silver, currently priced around $26 per ounce, has the potential to reach $90 in the coming years. This significant price increase is attributed to silver’s dual role as a precious metal and an industrial commodity, making it a valuable asset for investors seeking diversification and stability in their portfolios.
Furthermore, Checkan highlighted the importance of owning physical gold and silver as a means of wealth preservation and protection against economic uncertainties. He stressed that holding physical precious metals provides a tangible store of value that is outside the traditional financial system, offering a level of security that paper assets cannot match.
In addition to discussing price forecasts, Checkan also touched on the importance of understanding the dynamics of the precious metals market, including factors such as supply and demand, mining production, and geopolitical events. He emphasized the need for investors to stay informed and conduct thorough research before making investment decisions in the gold and silver space.
Overall, Rich Checkan’s insights provide valuable guidance for investors looking to capitalize on the opportunities presented by the precious metals market. With his in-depth knowledge and astute analysis, Checkan offers a compelling case for the potential growth and significance of gold and silver as crucial components of a well-rounded investment strategy.