OPPORTUNITY of a CENTURY! Gold Will Make You “Very Rich” Soon In 2024 – Peter Grandich

OPPORTUNITY of a CENTURY! Gold Will Make You “Very Rich” Soon In 2024 – Peter Grandich

at the end of
2021 I literally said in our Planning
Group to our clients and anybody else
that listens that go was going to
outperform both stocks and bonds at
least for the next three years and to
sell General stocks and bonds and own
gold I I don’t think a half of 1% of
people did so even faithful longtime
clients but the fact remains is gold did
outperform stocks and bonds if you
recall you and I talked as others about
a cup and handle formation that we saw
for almost 12 years and we ejected that
when it breaks the handle uh a price of
2536 so I think minimally if it pauses
here first and gets to that or we just
keep running till we get there we’re
going to have a 2500 and something
number and and then we can take it from
there amid escalating geopolitical
tensions in the Middle East fueled by
fears of potential conflict between Iran
and Israel gold prices have continued
their upward trajectory for the sixth
consecutive week notably gold and silver
prices have surged despite Rising US
dollar rates underscoring their status
as safe haven assets with gold prices up
15 to 22% this year it is one of the
best performing asset classes Peter
grandich of Peter grit.com remains
optimistic about the outlook for gold
suggesting that while it may not double
in price again there is still room for
further growth he points to a cup and
handle formation indicating a Target
price of
$2,536 signaling potential upward
movement for gold since the start of the
century gold has consistently
outperformed both stocks and bonds in
20123 according to the world gold
Council analysis gold emerged as one of
the top performing assets surpassing
emerging market stocks us bonds the US
dollar Global treasuries and commodities
overall only US stocks and developed
Market foreign stocks outperformed gold
during this period despite initial
skepticism Peter’s predictions regarding
Gold’s out performance relative to
stocks and bonds have proven accurate
since the end of 2021 gold has
demonstrated resilience in the market
outperforming traditional Investments
silver an investment asset and
industrial metal used in various
applications like electronics and solar
panels May maintain the $30 Mark due to
a recovery in global manufacturing
activity and increased investment demand
from funds Peter’s perspective on Silver
has evolved recognizing its improving
fundamentals and positioning it on par
with gold and copper regarding
investment potential Philip streel Chief
Market strategist at Blue Line Futures
in Chicago Echoes the sentiment that the
silver Market’s trajectory Beyond $30
will depend on factors like
manufacturing recovery and heightened
solar demand come along as we explore
Peter grich’s valuable insights don’t
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notifications thank you for tuning in I
will take a little bit of uh pat on the
back because it was a it was a journey
from 1 12200 to
1650 that’s when really uh banging the
table as hard as one can on the physical
gold and understand 1650 wasn’t that
long ago and uh then to make a very bold
and that’s when you and I believe
started talking at the end of
2021 uh I literally said in our Planning
Group to our clients and anybody else
that listens that goal was going to out
perform both stocks and bonds at least
for the next three years and to sell
General stocks and bonds and own
gold I I I don’t think a half of 1% of
people did so even faithful longtime
clients but the fact remains is gold did
outperform stocks and bonds but what
really gets you uh to appreciate that we
you and I are involved with I like to
call the Rodney danger field investment
because it gets no respect it since
January 1st 20 ,000 has also
outperformed stocks and bonds and you
would not know that by the amount of
people that own it amount the people
that talk about it and it’s still
basically treated like Kryptonite by the
the investment community at least in the
United States that’s why despite being
up a lot and doe for a
correction uh I don’t think we’re close
to the end of whatever Gold’s ultimate
price is going to be it’s not as Che
cheap as it was and it it it doesn’t
probably have another double in it but
given all the things that we could talk
about and given how petrified I am of
America from a social political and
economic Viewpoint maybe that is
possible but I do think if you recall
you and I talked as others about a cup
and handle formation that we saw for
almost 12 years and we projected that
when it breaks the handle uh a price of
2536 so I think minimally if it pauses
here first and gets to that or we just
keep running till we get there we’re
going to have a 2500 and something
number and and then we can take it from
there well I’m finally at the point
where silver bugs will no longer dislike
me at least for now I used to get uh
pretty well get get them aggravated at
me at Gold shows and all because I
always said it was it’s kissing cousin
or it was second class to Gold that I
would always own gold first and then
silver not that I was against silver but
for the reasons you just said a it has
catching up to do it’s not anywhere near
its all-time Highs but its fundamentals
have changed dramatically for the better
Elijah it might not have the monetary
and I think that’s what’s behind this
goal move is an expectation of changes
on the World Monetary stage coming and
that’s why gold has been heavily bought
particularly by countries looking to
move away from things United States and
currencies but I think silver also
because of the deficit that continues
and also the great increase in physical
demand for industrial usage now puts it
on the same level I would rate gold
copper and silver too close to call on
what would be my favorite where gold had
been up until most recently my favorite
metal a series of disappointing
inflation figures has compelled the
Federal Reserve to recalibrate its
timeline for implementing its first
interest rate cut and reassess the price
growth trajectory chair Jerome Powell
recently reinforced this stance
indicating that achieving the confidence
to lower rates will likely take longer
than initially
anticipated this announcement has dashed
hopes for more than two rate Cuts in
2024 with some expressing concerns that
there may be none Peter highlights a
notable gap between the initial
expectations of interest rate cuts and
the actual policy measures central banks
took the notion of transitory inflation
May soon face challenges as inflationary
pressures linger
last week’s core Consumer Price Index
growth for March exceeded expectations
prompting a significant Revision in the
anticipated number of rate cuts by the
US Federal Reserve for
2024 Peter further explains that the
Persistence of higher inflation rates
surpassing previous Norms is expected to
become an enduring characteristic of the
economic landscape once Unleashed
inflationary pressures pose considerable
challenges to containment often leading
to significant economic
repercussions let’s get get back to the
interview for years those of us who’ve
been around it in fact I was very active
when I was on the speaking circuit along
with a few other people like g.org and
all who would openly speak about the
manipulation that continued to happen in
the gold market and we would call tin
foil hats and all until over the years
now they’ve arrested and convicted a lot
of those people that were doing it and
the person or persons that used to claim
we were nuts are no longer around uh but
having said all that the comx we’re
still in the us trading happens some of
us and I’m one of them nickname it the
crime X because the paper Market would
always seem to have a different
perspective on the gold price than the
physical Market did and
as trading moved towards Asia and you
and I have spoken about this it was one
of the bullish reasons to own go because
we saw that those people were losing the
control that they had in fact some old
traders that I’ve talked to one that I
follow a lot on the internet wrote to me
today he says Pete they may be dead
because they should have been showing up
by now and I said hold on those pokes
are like herpes they may disappear for a
while but they will show up again they
will come back it’s going to be at what
level do they come back and what impact
they have but you’re right the that the
physical Market something that should
have always overruled the paper Market
has pounded the paper hangers of we used
like to call them I don’t know into
submission but certainly in a big
Retreat and uh we’ll have to wait to see
when a correction and consolidation
comes what kind of actions we see and
what kind of we start to see these 6:05
PM trying to sell a billion dollars on
the Globex that’s usually a sign that
the paper people will be back but right
now you’re right and and you know what
that’s not going away the people in Asia
and all uh they have been buying it
because they don’t want to own dollar
denominated US security stocks or bonds
anymore in fact if it wasn’t for the US
stepping up citizens and buying treasury
bonds we would have even yields much
much higher bonds are a lesser of two
evils but they’re still not anything
great to run out on and can I make one
quick point if you would take heed I
would tell the people look at the
Talking Heads who started in 2022
telling you about interest rate cuts are
just around the corner they’re coming in
early 20223 that early 2023 can they
pushed it off then 2024 there going to
be seven of them remember we were
supposed to have seven minimum interest
rate cuts and now we have one fed go we
have three in the last two days telling
us it may not beat the
2025 that really is going to impact
especially the stock market and so I
would caution everybody and this word
transitory which we know is never going
to be stated by anybody from the FED I
think soon you’re going to hear them not
talk anymore about 2% interest rates and
2% inflation the genie is out of the
bottle you and I had this talk the last
couple times the inflation Genie once
that Genie gets out of the bottle she
don’t like going back in in fact only
one time she was able to push back in
and voka had to almost bring us into a
depression to do so so I think higher
rates of inflation not higher but just
higher rates and what we’ve been
accustomed to are here to stay
considering the federal reserve’s
recalibration of its timeline for
interest rate Cuts in response to
disappointing inflation figures how do
you anticipate these adjustments will
impact broader economic Trends and
market dynamics moving forward share
your perspective in the comments below
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OPPORTUNITY of a CENTURY! Gold Will Make You “Very Rich” Soon In 2024 – Peter Grandich

Amid escalating geopolitical tensions in the Middle East, fueled by fears of potential conflict between Iran and Israel, gold prices have continued their upward trajectory for the sixth consecutive week. Notably, gold and silver prices have surged despite rising US dollar rates, underscoring their status as safe-haven assets. With gold prices up 15-22% this year, it is one of the best-performing asset classes.
Peter Grandich of petergrandich.com remains optimistic about the outlook for gold, suggesting that while it may not double in price again, there is still room for further growth. He points to a cup and handle formation, indicating a target price of 2,536 dollars, signaling potential upward movement for gold.
Since the start of the century, gold has consistently outperformed both stocks and bonds. In 2023, according to the World Gold Council analysis, gold emerged as one of the top-performing assets, surpassing emerging market stocks, US bonds, the US dollar, global treasuries, and commodities overall. Only US stocks and developed-market foreign stocks outperformed gold during this period.
Despite initial skepticism, Peter’s predictions regarding gold’s outperformance relative to stocks and bonds have proven accurate. Since the end of 2021, gold has demonstrated resilience in the market, outperforming traditional investments.
Silver, an investment asset and industrial metal used in various applications like electronics and solar panels, may maintain the 30-dollar mark due to a recovery in global manufacturing activity and increased investment demand from funds. Peter’s perspective on silver has evolved, recognizing its improving fundamentals and positioning it on par with gold and copper regarding investment potential.
Phillip Streible, chief market strategist at Blue Line Futures in Chicago, echoes the sentiment that the silver market’s trajectory beyond 30 dollars will depend on factors like manufacturing recovery and heightened solar demand.
A series of disappointing inflation figures has compelled the Federal Reserve to recalibrate its timeline for implementing its first interest-rate cut and reassess the price growth trajectory. Chair Jerome Powell recently reinforced this stance, indicating that achieving the confidence to lower rates will likely take longer than initially anticipated. This announcement has dashed hopes for more than two rate cuts in 2024, with some expressing concerns that there may be none.
Peter highlights a notable gap between the initial expectations of interest rate cuts and the actual policy measures central banks took. The notion of “transitory” inflation may soon face challenges as inflationary pressures linger. Last week’s core Consumer Price Index growth for March exceeded expectations, prompting a significant revision in the anticipated number of rate cuts by the US Federal Reserve for 2024.
Peter further explains that the persistence of higher inflation rates, surpassing previous norms, is expected to become an enduring characteristic of the economic landscape. Once unleashed, inflationary pressures pose considerable challenges to containment, often leading to significant economic repercussions.

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