As the world continues to grapple with unprecedented volatility and uncertainty, gold looks as if it will continue to be a desirable and lucrative asset for investors. Brent Cook, a renowned market analyst and geologist, recently gave insight into why this holds true. According to Cook, 2024 will be an especially prominent year for gold, but there are numerous strategies that remain successful in the here and now.
Cook highlighted a tension between the bull and bearish markets in the future. He believes that while colatilazation – diversifying investments across assets like cash, gold, stocks, and bonds- are important, gold will continue to thrive in either a global boom or a global bust. In fact, Cook thinks 2024 looks to be a particularly eye-catching year for the precious metal. He predicts that the cost of production will reach an unwavering level that will no longer be sensitive to changes in the stock market, creating an ideal doorway for investors.
However, the present holds ample opportunity for gold investors as well. Cook asserts an appreciation for the impact of central banks on the price of bullion. He notes that a 2017 survey of individual investors polled revealed that over 80% of respondents expected central banks to increase their gold possession over the next year. This was echoed in 2018, and is looking to remain steady for the near future.
Cook also points to ETFs (Exchange Traded Funds) as an emerging strategy in the current bull market. ETFs have jumped over 10% in the past twelve months, with associated funds such as the physical Swiss gold ETF climbing an unbelievable 19%.
“No matter what, gold will remain a desirable asset: it’s just a matter of your strategy” Cook believed. He noted how “having investors adequately contain themselves for the tweleve-month window is important, but the current volatility in the market makes it difficult to predict where gold will settle.”
From 2024 to here and now, gold looks to remain a lucrative asset for individuals and institutions. With Brent Cook’s singular insight into the trends and strategies of the present and future, it is clear that it will remain as successful as ever.
As the world continues to grapple with unprecedented volatility and uncertainty, gold looks as if it will continue to be a desirable and lucrative asset for investors. Brent Cook, a renowned market analyst and geologist, recently gave insight into why this holds true. According to Cook, 2024 will be an especially prominent year for gold, but there are numerous strategies that remain successful in the here and now.
Cook highlighted a tension between the bull and bearish markets in the future. He believes that while colatilazation – diversifying investments across assets like cash, gold, stocks, and bonds- are important, gold will continue to thrive in either a global boom or a global bust. In fact, Cook thinks 2024 looks to be a particularly eye-catching year for the precious metal. He predicts that the cost of production will reach an unwavering level that will no longer be sensitive to changes in the stock market, creating an ideal doorway for investors.
However, the present holds ample opportunity for gold investors as well. Cook asserts an appreciation for the impact of central banks on the price of bullion. He notes that a 2017 survey of individual investors polled revealed that over 80% of respondents expected central banks to increase their gold possession over the next year. This was echoed in 2018, and is looking to remain steady for the near future.
Cook also points to ETFs (Exchange Traded Funds) as an emerging strategy in the current bull market. ETFs have jumped over 10% in the past twelve months, with associated funds such as the physical Swiss gold ETF climbing an unbelievable 19%.
“No matter what, gold will remain a desirable asset: it’s just a matter of your strategy” Cook believed. He noted how “having investors adequately contain themselves for the tweleve-month window is important, but the current volatility in the market makes it difficult to predict where gold will settle.”
From 2024 to here and now, gold looks to remain a lucrative asset for individuals and institutions. With Brent Cook’s singular insight into the trends and strategies of the present and future, it is clear that it will remain as successful as ever.
