In today’s dynamic global economy, voices like Rich Checkan, the president and COO of Asset Strategies International, play a vital role in providing a distinct perspective on precious metals. In a recent interview, Checkan spoke about his views on gold and silver prices, stating that he predicts a minimum target of US$3,800 for gold this cycle and that a US$90 silver price is “very doable”.
Rich Checkan has devoted his career to advising clients on how to accumulate wealth, diversify their portfolios, and secure their financial futures by investing in physical precious metals. His forecast for gold and silver prices reflects his firm belief in the potential of these precious metals, especially amid the current economic uncertainties.
Looking at gold, Checkan’s minimum gold price target of US$3,800 an ounce isn’t just a figure drawn from thin air. It represents a thorough analysis of the current market trends and prevailing economic factors. With the unprecedented levels of global debt, spiking inflation, and persistent market volatility, investors are seeking a safe harbour for their assets. Gold has historically been just that, an investment that tends to retain or grow its value during times of economic difficulty.
Checkan also notes that central bank policies worldwide, particularly those that involve quantitative easing or introducing more money into the economy, contribute to inflation and prompt investors to seek out gold, further driving up its price. In this scenario, his prediction of US$3,800 for gold this cycle does not seem implausible.
Turning his attention to silver, Checkan suggests that a price of US$90 per ounce is “very doable”. Evidently, he is bullish about its prospects, especially given its dual nature as a precious metal and industrial commodity. The growing demand for silver as an industrial metal in sectors like solar energy production, the automotive industry, and technology could be a significant contributing factor to his forecast.
In addition to the industrial usage, silver often shadows gold. If gold prices continue to rise, it is expected that silver will follow suit, giving it a solid foundation upon which to build for a possible price surge to $90 per ounce.
Checkan’s stance considers not just the investment potential of these metals but also how traditional financial systems and government actions affect their value. As president and COO of Asset Strategies International, Checkan’s perspective holds significant credibility. He manages portfolios and advises clients every day, giving him first-hand insights into market trends and investor behavior.
With these forecasts, Checkan underlines the significance of gold and silver as part of a balanced investment portfolio. However, he also emphasizes the importance of understanding the volatility inherent in such markets and the need for investors to thoroughly assesses their own capacity for risk before making significant moves in the precious metals market.
In a nutshell, Rich Checkan’s predictions serve as essential cues for investors globally. His forecast for gold at US$3,800 and silver at US$90 in this cycle clearly underlines the potential these precious metals hold in uncertain economic times. His expertise and insights into asset management, combined with a keen understanding of the global economic landscape, gives these forecasts a credence that potential investors should not ignore. These insights might not only affect how investors view precious metals but also change how they plan and execute their future investment strategies.
