Gold’s About to SHOCK Us All! How Many Ounces Of Gold & Silver Are You HOLDING? Peter Grandich

Gold’s About to SHOCK Us All! How Many Ounces Of Gold & Silver Are You HOLDING? Peter Grandich

but I do think that to get to the much higher numbers there are people that talk about 10,000 20,000 it’s okay to think about that but if we got there too fast if you somehow saw the future I don’t know if our regular lives that we’ be living every day would be worth having gold at 10,000 because it would cause something far worse than what we’re used to or seeing to get to that kind of number say in the next you know 1 to three years it would be something really really Troublesome are there people hoping for that because they will to live with that stance just so they can make a score yeah I guess there are but if I said to you if I had some control over it I think we should be happy somewhere between 2500 and 3,000 over the next 12 18 months and something that we didn’t talk yet and something that I was really and I was able to not be Fonzy and say I was wrong about during the current three-month cycle there’s a notable bullish sentiment surrounding gold and silver particularly from March to May 2024 analysts anticipate a strong bullish trend during this period with gold potentially surging to $2,500 by May although it may exceed this level without consistent performance on a 5 to8 day closing basis Peter grandich the founder and CEO of Peter grandic company is widely recognized as a seasoned Financial commentator with extensive experience in the industry from a technical point of view Peter grandic advises caution regarding excessively rapid increases in gold prices to avoid potential societal disruptions in his analysis grandich boldly predicts that gold would outperform stocks and bonds for at least 3 years a forecast that materialized he emphasizes the underreported success of gold while highlighting its consistent outperformance against traditional Financial assets stocks have generally performed better than gold over the years but there can be exceptions looking back 20 years for example gold has outperformed the S and p500 gold is up 12% so far in 2024 outpacing the S&P 500’s 10% gain for 2024 gold is on Pace to Surge past the S&P 500 by the widest margin in a calendar year since 2022 that would represent a wider margin of outperformance than in 2022 the last year gold outpaced stocks regarding the challenges faced by gold investors grandic States the disappointments experienced with mining shares and Junior resource stocks despite the rising metal prices concurrently he emphasizes the need to understand the underlying reasons for Gold’s recent surge pointing to shifts in market dynamics although the price of gold has reached new record highs in 2024 gold miners are still far from their 2011 Peaks gold bullion physical gold gc00 minus 0.21% has outperformed gold mining company shares over the past 3 years by one of the largest margins in decades despite mainstream wall Street’s reluctance to discuss gold grandich believes that recent purchases of physical gold signify a strategic departure from Dollar denominated assets and foreshadow a potential need for gold backing in the future now we present the clips of Peter grich’s insights from his recent interview with SAR financially before we continue to delve into this discussion please subscribe to our Channel and activate the Bell icon for timely updates someone or some group bought a lot of physical goal for something more than a trade or speculation I got to believe it’s a combination of wanting to get out of things that are dollar denominated and also that there’s going to be eventually a need for gold to back some because new Fiat currencies no matter who’s in charge at that point in time are not going to be accepted after all this plays out and that’s why despite money flowing out of ETFs and all that gold is rising because some group or people or group of people have been willing to pay and pay hard to get large sums of physical gold and that’s the underlining story to the gold market that you’re not going to hear in the mainstream Wall Street because you and I both know Main Wall Street will always treat gold like Kryptonite they don’t want to talk about it because it goes against what they make their living off of financial assets stocks and bonds the bottom line I think H if you think about it I got involved a goal when it was back at 12 1250 I got involved not because I thought the world was coming come to an end and I’m going to need a gold bar to get a loaf of bread I got involved because of capital appreciation in 20201 I took a very difficult stance and quite frankly if I was still in the actual money management business where I would to be myself I couldn’t even done it I wouldn’t have been allowed to do it but I literally for myself and for friends and clients of our Planning Group if they so choose to listen I said that I felt go was going to outperform both stocks and bonds for at least three years going forward and it did you know that’s the untold story and again like I said I’m not a bullan dealer I’m not representing a bunch of ways that gold makes money but understand this not only did it outperform over the last three years five years but since January 1st 2000 gold has outperformed stocks and bonds for almost 25 years you would think something that has done that much better or at least as well versus what most people spend time talking about would even get a little bit of coverage but it hasn’t and that goes back to what I said earlier that they don’t want to talk about it because realistically if goal’s going to go up a lot you know I I’ll tell you this guy I always say this now for I don’t know 20 years sitting in our Planning Group I tell people that listen I’m going to want you to buy gold and hope it doesn’t go up and they always react the same way why would you want me to buy something that you don’t think is gonna go up because what little you’re going to own if it goes up a lot what you’re going to still own a lot is probably gone down and uh that really has proven the case it doesn’t get the Applause that it it it should get given what it’s done under what it what it’s had to do and and part of that reason and let’s go to where proving that I am only human and put my pant legs one leg at a time is because many of us who believed in Gold like me also bought mining shares and went even down further to food change to Junior resource docs and for two years as I scratched my head and watched a lot of money that I had made be lost on paper or actual losses how could these shares be going down when the prices of metals are going up and uh so gold has really done surprised even the the most odd in Bulls and I’m not talking about the people that always are I mean there’s groups that are always saying silver is going to 300 Gold’s always going to 5,000 I understand that that’s their you know they sell bullion and that kind of stuff but realistically you even you can see it in your talk is wow it really took off and why and and that’s I think you need to focus on the why this isn’t something that went this way because it’s just something fluky happened and it won’t last something is changing dramatically or people are anticipating it and those people that are anticipated got a lot of buying power because they bought a lot of gold with four Decades of Industry experience Peter grandic asserts that silver now presents its strongest case aligning it as a promising investment alongside copper and gold he further offers insightful Reflections on Silver recognizing it as a prized asset due to rise ing industrial demand and dwindling Supply silver industrial demand is expected to reach 711 million ounces this year with usage in solar panels climbing 20% to 232 million ounces in his astute observations seasoned analyst Peter grandic anticipates significant opportunities in the industry citing the shrinking Global landscape for mining exploration his optimism stems from the evolving Global mining landscape and his predictions of rising gold copper and silver prices let’s get back to the interview I think we should be happy somewhere between 2500 and 3,000 over the next 12 18 months and something that we didn’t talk yet and something that I was really and I was able to not be Fonzy and say I was wrong about and that was I put a lot of emphasis into mining shares in my own portfolio and Junior resource stocks until three four weeks ago that was looking like a really poor decision but I think at 2500 to 3,000 gold I believe copper is going to five I think silver will get up to 30 and trade maybe to 35 or 40 there’s a lot of money to be made in an industry now guy and I know this is where you live and breed that 20 or 30 years ago you and I could have been at one of the conferences we’ve been at spin a globe Point our finger there and say yeah we can go mining there not anymore the world has shrunk for the mining expiration and before big corporations put a billion or more into some place outside of North America they’re going to think twice some of the things that we’ve seen happen and it’s going to take like for copper I think well above five because the grades have Shrunk the sizes of deposits have shrunk and the risk have risen for these companies uh so I’m if there’s anything to be said about Petr is that can be printed and stated it’s that he tends to be too early but I go back to an old mentor of mine who said to me years ago it’s better to be two years too early than a day too late and I think it’s still early for the mining and Junior Resource company other than Dave Morgan because I’ll always read his stuff even though he’s always stayed primary silver I always thought he was he just loved it he wasn’t somebody was just saying it because it sells but I used to get beaten up by the silver bugs because I would always make a comment at the Gold conferences that silver was the uh uh like kissing your sister uh versus owning gold but what’s changed for silver compared to back then is the fundamental argument has gotten much better a much more industrial use than used to be and B the dramatic drop in supplies you know 20 30 years ago when I used to manage money and talk to guys they would say well silver is just a byproduct in what we’re looking for we toss it aside we don’t even we’re interest in Copper or gold whatever but the usage of silver and the availability of silver and let’s also understand this if I’m right about this I think people going to think twice to go to certain places for it Mexico used to be a place if you said silver mining expiration when I was managing money that was it you said silver and Mexico those were two words that come together I don’t know if a lot of people going to want to run down there as much as they might have an all so I think silver has a better argument or let’s put it this way the best argument it’s had since I’ve been involved it in 40 years so I feel that we should treat all three compatible copper gold and silver I don’t think one is dramatically better than another now based on their current prices and the outlook for fundamentals for them the global price of gold could potentially reach $3,000 per ounce as additional funds pour into exchange traded funds backed by the precious metal according to analysts at city as quoted by CNBC TV8 how do you plan to navigate the current bullish Trend in gold and silver prices considering both the opportunities and challenges of the market dynamics drop your thoughts in the comment section below if you find this video informative don’t forget to support our Channel and turn on notifications to stay informed about our latest videos see you in the next video

Gold’s About to SHOCK Us All! How Many Ounces Of Gold & Silver Are You HOLDING? Peter Grandich

During the current 3-month cycle, there’s a notable bullish sentiment surrounding gold and silver, particularly from March to May 2024. Analysts anticipate a strong bullish trend during this period, with gold potentially surging to 2,500 dollars by May, although it may exceed this level without consistent performance on a 5 to 8-day closing basis.
Peter Grandich, the founder and CEO of Peter Grandich Company, is widely recognized as a seasoned financial commentator with extensive experience in the industry. From a technical point of view, Peter Grandich advises caution regarding excessively rapid increases in gold prices to avoid potential societal disruptions. In his analysis, Grandich boldly predicts that gold would outperform stocks and bonds for at least three years, a forecast that materialized. He emphasizes the underreported success of gold while highlighting its consistent outperformance against traditional financial assets. Stocks have generally performed better than gold over the years, but there can be exceptions. Looking back 20 years, for example, gold has outperformed the S&P 500.
Gold is up 12% so far in 2024, outpacing the S&P 500’s 10% gain. For 2024, gold is on pace to surge past the S&P 500 by the widest margin in a calendar year since 2022. That would represent a wider margin of outperformance than in 2022, the last year gold outpaced stocks.
Regarding the challenges faced by gold investors, Grandich states the disappointments experienced with mining shares and junior resource stocks despite the rising metal prices. Concurrently, he emphasizes the need to understand the underlying reasons for gold’s recent surge, pointing to shifts in market dynamics. Although the price of gold has reached new record highs in 2024, gold miners are still far from their 2011 peaks. Gold bullion, physical gold GC00, -0.21%, has outperformed gold-mining company shares over the past three years by one of the largest margins in decades.
With four decades of industry experience, Peter Grandich asserts that silver now presents its strongest case, aligning it as a promising investment alongside copper and gold. He further offers insightful reflections on silver, recognizing it as a prized asset due to rising industrial demand and dwindling supply. Silver industrial demand is expected to reach 711 million ounces this year, with usage in solar panels climbing 20% to 232 million ounces.
In his astute observations, seasoned analyst Peter Grandich anticipates significant opportunities in the industry, citing the shrinking global landscape for mining exploration. His optimism stems from the evolving global mining landscape and his predictions of rising gold, copper, and silver prices.

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