Jul 25, 2024
Dana Samuelson, president of the American Gold Exchange, joins the Contrarian Investor Podcast to discuss why gold prices are set up to rally further -- even after a 20% rise so far this year.
This podcast episode was recorded on Friday, July 19. 2024
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Content Highlights
Content Highlights
- Gold is trading right near all-time highs. Can there really be more room for upside? (1:48);
- One thing missing from the equation for still higher gold prices is interest rate cuts... (3:36);
- Another thing missing is fear in the market (5:07);
- Gold has rallied 20% so far this year. A Fed rate cut will supply another 10%. $3000/oz. gold is in sight... (8:36);
- What of the argument that there's no tangible use for gold? (11:20);
- Why gold coins are preferable to bars (14:30);
- Background on the guest (19:39);
- Quarters and dimes vintage 1964 are 90% silver (26:40);
- View on digital currencies and Bitcoin. There is a place for it... (33:20);
- How much of one's portfolio should be earmarked for gold and precious metals? (37:15)
More Information on the Guest
- Twitter/X: @DanaSamuelson99;
- LinkedIn: @American-Gold-Exchange-Inc;
- Website: AmerGold.com;
- YouTube: AmericanGoldExchangeAustin.