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This post will look at a Polymarket market as well as look at the latest on Gold, Silver and Platinum. Palladium is mentioned very briefly too. They all have very powerful factors working in their favour!

This article and video is FREE for everyone.

CC’s Polymarket mid-market of the week

Yes, Gold is doing very well at the moment and will likely break $4,000 this calendar year, but that does not mean that it will finish at $4,000 or more at the end of the year.

Podcast guest Gary Savage highlights the fact that there is likely to be an intermediate correction, possibly after the next FOMC meeting in October. If this were to happen then this could last until the end of the year.

38% of people saying over $4,000 by year end is too bullish in my opinion. I’d be going against this personally.

Gold

Here are 5 reasons why the price of gold is going to increase:

1) More people will start to wake up and smell the coffee

The world is not a healthy place at the moment. More people are realising what the central banks are doing (i.e. buying more gold) and more people want a piece of the price action. Hedge funds et al all seem to be asleep at the wheel. This just creates more opportunities for the likes of you and me. The minute hedge funds start to realise that gold is the place to be, the price will skyrocket.

2) War

Some will say that war has already started. Some believe that a wider conflict is imminent. Regardless of what is happening or what is happening, currency will shift to a safe haven and shift to true money. That safe haven and true money is gold. This demand influx will increase the price.

3) Currency printing

This can cover a wide range of subjects. Those wind-turbines to be built on the North Sea? Highly Subsidised! All that green and clean power that we need/want to generate to make our citizens poorer? Highly Subsidised! All those public sector pay increases? Highly Subsidised! Although taxes will increase, a majority of this currency will be printed, thus lowering the value of the £ (or whatever currency you are in) and thus push up the price of gold simultaneously.

4) A potential new BRICS currency backed by gold.

This may happen but it is a bit up in the air at the moment. If this does happen then it is possible that gold is revalued, and this revaluation would send the yellow metal higher.

5) A potential revaluation of gold in comparison to existing debt around the world.

This would likely be an accounting exercise in order to balance the books but it has the potential to send the price of gold much higher. I forget the chaps name but read his article and that indicated that a revaluation based on the current worldwide debt would result in 6 FIGURE GOLD.

$141,501 oz gold? It’s possible. Here’s how!

Numerous podcasts have also been recorded about Gold. I recommend that you take time to listen to them.

The pros and cons of bullion coins and bullion bars – Listen HERE

Advantages of owning Gold + Silver – Li