Gold for $ 3,000? Jan van Eck claims that it is realistic in the current macroeconomic conditions. Anyway, his company believes that this price can be considered very attractive.
Jan van Eck and $ 3,000 an ounce of gold
John’s father, John, founded the first American gold fund in 1956. In 1968, he transferred most of his portfolio to stocks in mining companies. Just in time to catch the bull market that accompanied the collapse of the Bretton Woods system in the first half of the 20th century. 70’s
Now his son’s company, VanEck, a popular American investment management firm, estimates in its new forecasts that the price of the royal bullion could go up to $ 3,000 an ounce. And this will probably not mean the end of the gold bull market.
But why should this be possible? First of all, with real interest rates now often already negative in many countries, with an unprecedented financial stimulus stimulating central banks around the world, the company believes that a fair price for 1 ounce of gold could be as high as $ 3,400.
$ 1.2 billion
VanEck International Investors Gold Fund INIVX trades assets worth as much as USD 1.2 billion on the markets. The company also launched several stock exchange funds. Offers VanEck Vector Gold Miners ETF GDX and the only one “Physical stock product”, which offers investors the option of taking back their underlying shares, VanEck Merk Gold Trust.
As of June 30, 2020, VanEck had a whopping $ 23.5 billion in assets under various gold-related strategies.
Bitcoin and VanEck
It is worth adding that Gabor Gurbacs, director of digital assets at VanEck, recently stated that the richest Americans during the crisis will continue to look for ways to escape fiat currencies into cryptocurrencies.
Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . In turn, a certain place where you can buy Bitcoin and other kryptowaluty, include Poland cryptocurrency exchange Coinquista. If you do not have an account on the platform yet, here you can create one quickly and efficiently: LINK. And here you can read how to easily and quickly create an account.