6 Minutes Ago! Jim Rickards: "We're Seeing Something We've Never Seen Before" and Fed Cuts 50 Points
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6 MINUTES AGO! Jim Rickards: “WE’RE SEEING SOMETHING WE’VE NEVER SEEN BEFORE” AND FED CUTS 50 POINTS
At the beginning of 2024, gold was trading at around $2,043 per ounce. At the end of May 2024 it was a little higher than $2,330, marking a gain of more than 10%.
Lawyer and investment banker James Rickards has long been bullish on gold. He previously forecasted that gold would reach $15,000 per ounce. Now, he’s raising that prediction to an even more optimistic figure.
“My latest forecast is that gold may actually exceed $27,000,” Rickards wrote in a recent column. “I don’t say that to get attention or to shock people. It’s not a guess; it’s the result of rigorous analysis.”
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