Huge Gold News from BRICS! Gold & Silver Prices Will Hit New All-Time Highs – Willem Middelkoop
Renowned figure Willem Middelkoop, founder of the Commodity Discovery Fund, forecasts a potential gold rally, emphasizing the crucial 2,100-dollar breakthrough expected in the coming year. UBS echoes this sentiment, predicting a 10% surge in gold prices for 2024, particularly in the wake of potential Federal Reserve rate cuts. The projection sees a Fed pivot as a catalyst, envisioning gold reaching up to 2,250.
Middelkoop underscores a geopolitical divide, notably between the Western world and BRICS countries like Russia and China, citing this tension as a significant influence on gold’s trajectory. Forbes reports on the strategic use of gold by the BRICS alliance to shift global demand away from the US dollar, opting for alternative investment vehicles denominated in gold rather than using it directly as a trade or native currency foundation.
The intricate geopolitical and economic dynamics, highlighted by Middelkoop and Forbes, contribute to shaping gold demand and underscore its multifaceted role in the global financial landscape. The recent World Gold Council data indicating a 5% drop in gold demand in 2023 adds nuance to the discussion, contrasting with the robust demand observed in the previous year.
Middelkoop introduces an intriguing scenario for silver, suggesting a rapid surge to 100 dollars per ounce hinging on a substantial short squeeze and challenges in meeting the demand for physical metal at current prices. This projection injects excitement and uncertainty into the silver market, reflecting the potential impact of market dynamics on precious metal prices.
Moreover, the anticipation of global silver demand hitting 1.2 billion ounces in 2024, the second-highest recorded level, underscores silver’s crucial role in various industries. The surge in industrial demand, as emphasized by Middelkoop, emerges as a key driver for the anticipated increase, potentially marking a new annual high for the silver sector in the upcoming year.
Middelkoop candidly acknowledges the challenges faced in their endeavors throughout 2023. Despite gold’s relatively positive performance, concluding the year with a modest gain, other metals encountered difficulties.
In a historic run at the close of 2023, the price of gold surged to unprecedented heights, reaching an all-time peak of 2135 dollars in mid-December. However, the momentum built during the final months of the previous year has encountered obstacles in the New Year, with gold struggling to sustain its bullish trajectory. Middelkoop points out significant physical demand for gold and silver, indicating that these metals could be poised for active participation in the coming year.
For 2024, the World Gold Council said that it expects gold’s central bank demand to return to average pre-record levels of around 500 tonnes, and Global silver demand is expected to rise 1 percent, pushed higher by the continued strength of industrial end-users and a recovery in jewelry and silverware demand.
📖 CHAPTERS:
00:00 Intro
00:44 Gold & Silver
2:50 The Big Reset
5:23 Silver Short Squeeze
7:25 Gold Performance
8:25 Outlook for 2024
11:55 Outro
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There will be a very strong rally once the market understands that gold is in a new pool Market but investors will need to see gold moving 2,100 and this could happen next week could happen next month could happen next quarter but it will happen this year why because there’s
Such a strong divide between the west and the bricks countries the rest of the world because of this geopolitical new reality this new tension between the west and the East that will be the reason gold will be moving much higher in the next few years in which the
Physical the metal is being demanded and can’t be delivered for current prices and that could shoot silver up to $100 per ounce in a relative short period renowned figure William middle coup founder of the commodity Discovery Fund forecasts a potential gold rally emphasizing The crucial $2,100 breakthrough expected in the coming year
UBS Echoes this sentiment predicting a 10% surge in gold prices for 2024 particularly in the wake of potential Federal Reserve rate cuts the projection sees a Fed pivot as a catalyst envisioning gold reaching up to 2,250 middle Coupe underscores a geopolitical divide notably between the Western World and Bricks countries like
Russia and China citing this tension as a significant influence on Gold’s trajectory Forbes reports on the Strategic use of gold by the brics alliance to shift Global demand away from the US dollar opting for alternative in investment vehicles denominated in Gold rather than using it directly as a trade or native currency
Foundation the intricate geopolitical and economic Dynamics highlighted by middle coup and Forbes contribute to shaping gold demand and underscore its multifaceted role in the Global Financial landscape the recent World gold Council data indicating a 5% drop in Gold demand in 2023 adds Nuance to the discussion contrasting with the
Robust demand observed in the previous year middle Coupe introduces an intriguing scenario for silver suggesting a rapid surge to $100 per ounce hinging on a substantial short squeeze and challenges in meeting the demand for physical metal at current prices this projection injects excitement and uncertainty into the silver market reflecting the potential
Impact of market dynamics on precious metal prices moreover the anticipation of global silver demand hitting 1.2 billion ounces in 2024 the second highest recorded level underscores Silver’s crucial role in various Industries the surge in industrial demand as emphasized by middle Coupe emerges as a key driver for the anticipated increase potentially marking
A new annual high for the silver sector in the upcoming year join us as we explore the insights shared by Willam middle coup stay updated by subscribing to our Channel and activating notifications thank you the undervaluation of Golds um related equities compared to Gold has never been
Larger this is typical for the end of a bare mark markets where uh the fiscal metal is starting to move and the equities still have to catch up that’s why we predict there will be a very strong rally once the market understands that gold is in a new bull market but
Investors will need to see gold moving through 2,100 and this could happen next week could happen next month could happen next quarter but it will happen this year why because there’s such a strong divide between the west and the bricks countries the rest of the world
And gold is into play if you look at the bricks countries like Russia and China they’re all adding to their physical gold Holdings and the physical gold demand is is very strong and I think because of this geopolitical new reality um this new tension between the
West and the East that will be the reason gold will be moving much higher in the next few years and gold will more or less return into the monetary system like I have described in the big reset uh gold has been faded out by the West out of the financial system but it’s
Coming back and the debasement of currency will help in that respect Central Bankers who create the money out of thin air are buying fiscal gold with their Fiat money that’s a huge sign and we’ve seen record amounts of gold accumulation by dozens of central banks in the last two years and this reminds
Me of 1969 that was the end of the London Gold pool an effort of central banks Western central banks to keep the gold price locked at $35 per ounce to support the dollar and and that that that failed so the London goldpool fails in 68 and then
We saw 69 all these countries fleeing towards gold and actually we’re seeing the same now and that tells me that the stress within the current Fiat the paper money system is getting very large and even Central Bankers are starting to hatch themselves and because they are The Architects of this system you should
Not listen to what central Bankers say but watch what they do and when they start to buy gold in huge amounts that’s very significant even in Europe we see Hungary growing their gold reserves 10 fold the checks do the same so this highly significant if you compare the
Uranium I think is a great example we’ve been seeing production deficits for decades in silver we filled the Gap by selling the old silver coins which we used into our monetary system in the 1960s and70s and early 80s the same has been Ono with uranium there’s been a
Huge primary production deficits for for decades and and suddenly the market noticed that that the Gap can’t be filled and then you have this these hatch funds uh going all in on uranium and then you see a breakout of the price and then all these um States and
Companies who need the nucle who need the uranium for their um for the nuclear stations they they start to panic and the same could happen with silver silver is is such uh there’s production deficit for decades now and you have 60% of silver being used in the industry as a
Commodity for solar panels or whatever and you could easily have a panic among buyers and then everybody wants to be in silver silver is such a small Market as central banks don’t have silver Holdings which they can throw to the market that’s why I think silver is excident
Waiting to happen in my presentation I showed a graph of Turkish Imports of silver which really tripled and and that’s a clear sign I also showed in my presentation how future markets are being used to to suppress prices by selling paper silver paper gold and I showed that example
That in 2017 we had a huge demand for fiscal Palladium and and then the shorts got squeezed and then the future markets we saw a huge decline of the open interest in 2019 2020 and that’s a clear example of what can happen to Silver a short squeeze in which the physical the
Metal is being demanded and can’t be delivered for current prices and that could shoot silver up to $100 um per ounce in a relative short period middle Coupe candidly acknowledges the challenges faced in their Endeavors throughout 23 despite Gold’s relatively positive performance concluding the year with a modest gain
Other medals encountered difficulties in a historic run at the close of 2023 the price of gold surged to unprecedented Heights reaching an all-time peak of $2,135 in mid December however the momentum built during the final months of the previous year has encountered obstacles in the new year with gold
Struggling to sustain its bullish trajectory middle Coupe points out significant physical demand for gold and silver indicating that these medals could be poised for active participation in the coming year for 2024 the world gold Council said that it expects Gold’s Central Bank demand to return to average
Pre-record levels of around 500 tons and Global silver demand is expected to rise 1% pushed Higher by the continued strength of industrial end users and a recovery in jewelry and silverware demand let’s get back to the interview actually well was maybe the most frustrating year for us as well because
Because gold was pretty strong actually ended up the year a few percent but silver was down lithium was down 80% the only outlier was uranium uh and uranium is a great example what can happen when the physical demand actually overwhelms the the paper Market or and what we’ve
Seen with uranium is a jump in uranium prices to x3x within a very short time frame same happened with padium in 2018 and there as well 2018 there was the fiscal demand which changed it all with the ongoing um debasement of currencies and the ongoing crisis tension Wars um
Gold is in play there’s huge physical demand also for silver so I think to 20 um 2024 could be a year of recovery but 2023 was so frustrating because there was a huge wave of selling because of redemptions from funds investment funds we still have net inflow I think the
Canadian um exploration scene the junior mining scene had become very unhealthy after a very strong bull market in the 2000s everybody and their neighbor thought you should start your own exploration fund get money from investors and have a nice lifestyle and give yourself a lot of options and what
We’re witnessing now is that many of those um companies exploration companies that over 1,000 listed exploration companies in Canada can’t survive and actually that’s a healthy that’s healthy um but you still have a few under expiration companies working on good projects uh being able to attract money we still invest in Canadian expiration
Companies but we’ve been very selective and we got even more selective over the years so we all we concentrate on the top 100 discoveries worldwide now metal agnostic and not only run by Canadian companies also by ASX Australian listed companies or London listed companies so being very selective has helped us to
Survive in this uh very difficult markets and we’ve seen many peers here in North America closing shop many um resource funds stopped or have used outflows when you focus on the top 100 of best discoveries worldwide they will always be taken out by Major there you go so that’s your access strategy so
When investors ask us what’s your exit strategy we will say we wait for the buyout and we’ve had over 80 buyouts since our start in 2008 so it shows the model works and we have on average six bios every year also last year so in good and bad times it works and we’ve
Been concentrating more and more into the bigger Discovery and more significant discoveries and now our fund has grown to over 100 million we need to focus on the larger discoveries the more liquid ones and by doing that you automatically um end up with the best situations the best
Companies and of course we trade a bit around our position so if a stock has had a huge run we take some profit and and this strategy has been tested now for 15 years we need to test it in a bare Market we survive the bare market
And we expect to do very well in the next uh po Market which is about to start according to the Ross Norman medals Daily Report there is a notable resemblance in the upward trajectory of gold similar to that observed last year however the driving forces behind this trend differ the analysis envisions 2024
As a Goldilocks year neither too hot nor too cold with a prevailing bias towards the upside how significant is the physical demand for gold and silver and what implications could it have on the market dynamics in the upcoming year share your thoughts in the comment section if the video resonates with you
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