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Months of COVID-19-related economic shutdown will affect many mining companies’ output for years to come. In the meantime, demand is doubling down as industries build new capabilities that require more metals.

This is why Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce — more than 50% above the existing price record — in a report titled “The Fed can’t print gold.” – source: Bloomberg.

Billionaire Gold Predictions

With that said, billionaires like Thomas Kaplan believe that gold is on the cusp of a new decade long bull market that will push the price well past $5,000 an ounce. Kaplan, chairman, and chief investment officer at Electrum Group, said that because of economic fundamentals gold prices could rally as high as $3,000 to $5,000 within a decade.

He further explained that there are two possible scenarios:

Scenario 1:

Gold has already broken out and, as the American investor Jeff Gundlach puts it, “is coiling like a snake for its next move to take on the old highs.”

Scenario 2:

In the second scenario, gold could take one more head-fake to the downside, “just to shake out the weak hands.”

As a result, Kaplan believes gold embarks on the next leg of its bull market and goes past $1,900 (which it did last spring and now steadily lingers around $1,880) and ultimately $3,000 to $5,000, if not a lot higher, depending on macro circumstances that today seem dim but he cannot really quantify.

Kaplan made his billions by looking at things long term and gold investing is no exception.

The first leg in gold’s run took gold from $250 to $1,900. And for 12 consecutive years, gold was up every single year whether there were inflation fears or deflation fears, a strong dollar, a weak dollar, political stability, political instability. It did not matter.

But each move has been a decade or more. For this reason, Kaplan did not become a billionaire by slacking around or looking at things short term.

Imagine being a decade or so away from retirement and investing now. Gold is still flirting at around $1,880, but by the time you are up for retirement, you are looking at more than 150% gains based on Kaplan’s prediction.

Even if already retired, there is a good idea to invest in gold now to protect your existing savings due to the financial insurance and protection gold offers. Gold has always been a safe haven and a hedge against market instability.

On a final note, we want to tell you that it is time to make a move and protect your investment.

Follow the money, and billionaires have a lot of it!
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Invest Safe With A Gold IRA

Goldco - a Top Rated Gold IRA Company. Specializes in Precious Metals IRAs, Gold IRA
The only secure financial asset that has stood the grueling test of time is gold. A gold or precious metals IRA permits individuals to diversify any portion of their retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold and other metals within that retirement plan.

As a consequence, investors can securely possess physical precious metals in a tax-deferred account.

If you want to know more about how to roll over or transfer your retirement account to IRA-approved gold and silver coins, you can request a free gold IRA guide here.

Goldco Precious Metals A Top Rated Gold IRA Company - Get Your FREE Gold IRA Guide

Best Gold IRA Companies

Gold IRA Companies We Recommend

Best Gold IRA Companies – There has never been a better time to invest in gold than today. With the ease of setting up a gold IRA, you can go from worrying about your retirement savings to complete confidence in the security of your wealth before you know it. But choosing the right precious metals company to invest with can be extremely difficult unless you know what to look out for.

When reviewing gold IRA companies its critical to compare the ratings and reviews by looking at independent authority sources. We look at the scores given by using 5 independent rating sources that include the Better Business Bureau, Business Consumer Alliance, TrustLink, TrustPilot, and Ripoff Report.

We have looked into Goldco Precious Metals and Regal Assets which are both top rated gold IRA and alternative assets companies.

Goldco Gold IRA

Best Overall Precious Metals Company
$260/ Yr
  • Minimum Investment $20,000-25,000
  • Cash Sale Minimum $3,500
  • 10% Back In FREE Silver
  • Easy IRA & 401(k) Rollovers
  • A+ rating by the BBB
  • Outstanding Customer Ratings
Learn More

Regal Assets Regal IRA

#1 Rated Alternative Assets Company
$250/ Yr
  • Minimum Investment $10,000
  • Cash Sale Minimum $5,000
  • Waived Fees For 1st Year
  • Combines Metals & Crypto
  • Oustanding Client Ratings
  • No Sales Approach
Learn More

Please feel free to reach out if you have any questions about the content of this website. If you believe something is explained incorrectly, please send us an email at info@howtoinvestgold.com.

Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase.
About How To Invest Gold

Our Mission

Our mission is to provide investors and retirees all the information they need when it comes to precious metals and cryptocurrencies investing. We aim to provide a complete guide on the best ways to invest in gold, silver, and crypto.

Gold backed IRA - Goldco, Regal AssetsWe believe that investing in precious metals and cryptocurrencies through your IRA or 401(k) is one of the best ways to invest in this asset class, due to the tax-saving component. A gold or crypto IRA is the best way to protect your retirement account and adds financial insurance.

Whether you are interested in gold coins, pure minted bars, EFTs, or gold mining stocks, you will find the information you need on this website to get started on the right foot.

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4 Responses
    1. Hi Jaquenetta Jorgan,
      thank you so much. We appreciate your kind feedback and link!
      Please feel free to reach out again if you have any questions about investing in precious metals or crypto.

      Stina P.
      How To Invest Gold

    1. Hi Ruthie,
      thank you so much for your kind feedback!
      Yes, it’s time to protect our assets in times like these. You never know what will happen in the aftermaths of COVID and the market instability it has caused.

      If you have any questions about investing in precious metals, how to start a gold IRA, or crypto investing, don’t hesitate to ask.
      We hope to see you back soon!

      Stina P.
      How To Invest Gold

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