During a recent interview on QTR’s Fringe Finance, precious metals guru Peter Schiff said it’s possible for gold to rise tenfold just as it has in the past.
“If gold can go from $20 an ounce to $2,600 an ounce, it can go from $2,600 to $26,000,” he said.
But that took decades. The vast majority of Americans are concerned about what their finances are going to look like tomorrow… or even today. The current financial situation in the United States can be described as turbulent in the nicest of terms, but that doesn’t mean there aren’t those looking to the future.
They’re probably not looking at decades, though, as Genesis Gold Group CEO Jonathan Rose noted.
“I appreciate the sentiment and Peter’s right that gold could skyrocket over the years, but the people we talk to want to know what gold and silver will do next week, next month, and next year,” he said. “Even with the retirement accounts that we service, most are seeking safe haven for now and five to ten years ahead at the most.”
Genesis Gold Group is a faith-driven precious metals company that specializes in rolling over or transferring retirement accounts into Genesis IRAs backed by physical gold and silver.
Schiff compared today’s gold bull run to the 1970s. In that decade, gold went from $35 per ounce to over $800. He sees gold potentially hitting $3000 before the end of 2024 and possibly doubling in 2025.
“A lot will depend on what happens with the economy, especially with the port strike happening now and the election around the corner,” Rose continued. “Having physical precious metals in your safe or in a depository may be essential if things get extremely rocky in the markets, which seems likely at this point.”
Those who want to learn how to protect their retirement and life’s savings can request a free Wealth Protection Kit from Genesis.
