Michael Novogratz told Bloomberg TV on Friday that the price of gold could reach up to $3,000 by the end of the year.
The Galaxy Digital CEO and co-founder emphasized that predicting a new high for gold is difficult because it's already reached , and"once you take out old highs in markets it's really hard to figure out where they could end." But when asked for a number, he said,"Could it be $2,500 to $3,000? It certainly could be."Novogratz said that he thinks the Fed will be more dovish in its September meeting, and its actions could be"the juice that accelerates gold and bitcoin."
I'm not surprised. There's no other alternative. With interest rates and yields so low, where else can you do to protect your principle? Stock market is extremely dangerous right now. I won't even touch mutual and index funds. They're fated to doom. There's just no options.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian soap company spikes 164% this week as sanitizer demand soars - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
5 tips from a VC for pitching investors without a pitch deck - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Great article! I think the Pandemic also made investors reconsider their 'only Unicorns' approach. pandemic 😂😂😂😂😂😂
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lively CEO coined the term 'leisurée' to get through to male investors - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They raised a whopping $15.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US stocks closed mixed as investors weigh positive jobs data against stimulus stalemate | Markets InsiderUS stocks traded mixed on Thursday after weekly unemployment claims dipped below 1 million for the first time since the coronavirus pandemic dro...
Source: BusinessInsider - 🏆 729. / 51 Read more »