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| ‘Gold setting new highs this year would not be a surprise,’ expert tells RT’s Boom Bust | ‘Gold setting new highs this year would not be a surprise,’ expert tells RT’s Boom Bust |
| (about 1 month later) | |
| While the cryptocurrency market has been hitting turbulence lately, gold rose above the key psychological level of $1,900 per ounce on Wednesday, which it hasn’t managed since early January. | While the cryptocurrency market has been hitting turbulence lately, gold rose above the key psychological level of $1,900 per ounce on Wednesday, which it hasn’t managed since early January. |
| Boom Bust talked to David McAlvany, CEO of the McAlvany Financial Group, about the asset’s performance. | Boom Bust talked to David McAlvany, CEO of the McAlvany Financial Group, about the asset’s performance. |
| “Gold has been money for 5,000 years – it’s one of the most reliable stores of value on the planet. Central banks know it, high-net individuals know it, and a growing number of individual investors have gravitated towards it,” McAlvany says. | “Gold has been money for 5,000 years – it’s one of the most reliable stores of value on the planet. Central banks know it, high-net individuals know it, and a growing number of individual investors have gravitated towards it,” McAlvany says. |
| He pointed out that the precious metal has performed well, reaching a low of $1,680 in March and since moving to $1,900. According to the expert, gold ETFs are improving and investors are coming back. “The sentiment is just right … Setting new highs this year would not be a surprise, with a little bit of volatility in stocks,” McAlvany says. | He pointed out that the precious metal has performed well, reaching a low of $1,680 in March and since moving to $1,900. According to the expert, gold ETFs are improving and investors are coming back. “The sentiment is just right … Setting new highs this year would not be a surprise, with a little bit of volatility in stocks,” McAlvany says. |
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