Rich Checkan: US$3,800 Gold a Minimum This Cycle, US$90 Silver “Very Doable”
Rich Checkan, President of Asset Strategies International, believes that gold could reach a minimum of US$3,800 per ounce in the current cycle. Checkan’s confidence in the precious metal’s future stems from various economic factors, including unprecedented money printing by central banks, rising inflation rates, and global economic uncertainty.
With over 30 years of experience in the precious metals industry, Checkan is well-versed in the cyclical nature of gold prices. He argues that the current macroeconomic environment is conducive to a sustained rally in gold prices, driven by both fundamental and technical factors. Checkan emphasizes that the precious metal acts as a safe haven asset during times of economic turmoil, making it an attractive investment option for hedging against inflation and market volatility.
In addition to his bullish outlook on gold, Checkan is also optimistic about the prospects of silver. He believes that silver could reach $90 per ounce in the foreseeable future, citing its dual role as both a monetary metal and an industrial commodity. Checkan points out that silver has historically outperformed gold in certain market conditions, making it an appealing investment opportunity for those seeking diversification within their precious metals portfolio.
Checkan’s expertise and track record in the precious metals market lend credibility to his forecasts for gold and silver prices. As the global economy continues to grapple with ongoing challenges, investors are increasingly turning to alternative investments like gold and silver as a means of preserving and growing their wealth. Checkan’s projections underscore the potential for significant price appreciation in these precious metals, making them an attractive option for investors looking to protect their assets in uncertain times.