Dana Samuelson, president of the American Gold Exchange, joins the Contrarian Investor Podcast to discuss why gold prices are set up to rally further -- even after a 20% rise so far this year.
This podcast episode was recorded on Friday, July 19. 2024 and made available to premium subscribers the following business day. For information on becoming a premium subscriber -- and the host of other benefits it involves -- visit our Substack. Content Highlights - Gold is trading right near all-time highs. Can there really be more room for upside? (1:48);
- One thing missing from the equation for still higher gold prices is interest rate cuts... (3:36);
- Another thing missing is fear in the market (5:07);
- Gold has rallied 20% so far this year. A Fed rate cut will supply another 10%. $3000/oz. gold is in sight... (8:36);
- What of the argument that there's no tangible use for gold? (11:20);
- Why gold coins are preferable to bars (14:30);
- Background on the guest (19:39);
- Quarters and dimes vintage 1964 are 90% silver (26:40);
- View on digital currencies and Bitcoin. There is a place for it... (33:20);
- How much of one's portfolio should be earmarked for gold and precious metals? (37:15)
More Information on the Guest
