My Top 10 Reasons Why Gold Will Break $2,500 in 2024

During my interview with former Republican presidential candidate and financial guru Steve Forbes in October, he told me gold could rise to $2,500 in 2024 “and even higher if the wrong guys win the election.”

Gold Reached $2,200 Per Ounce, Again

Gold reached $2,200 per ounce last Wednesday, March 20, and touched $2,200 again on Tuesday morning, March 26, before retreating.  At $2,175, gold is up 5.5% in 2024, despite a 3% rise in the U.S. Dollar Index so far in 2024, which means gold is up an average 8.5% in terms of other global currencies.

Gold Rally Catches Wall Street “By Surprise” Once Again

One of our long-time themes here is that Wall Street always seems to miss the first $200 or $300 (10% to 15%) of each gold rally by dismissing the value of gold until it sets a new cyclical or all-time record high. Then, Wall Street suddenly wakes up to the value of precious metals, buying at new peak prices instead of valuing their old standby advice of, “Buy low, sell high.”

That happened once again this past week, as The Wall Street Journal published a front-page feature article on Tuesday, March 12, entitled, “Big Gold Rally Surprises Wall Street.”

Gold is Soaring This Election Year as History is Rhyming

As America’s Gold Expert®, my gold price predictions were backed up with confirmation by financial guru Steve Forbes during our meeting in October. Now, major banks are also predicting gold will, at least, hit $2,300 this year.

Gold Closes at New Record High Over $2,100 Per Ounce

In a steady rise, April gold in the futures market traded at $2,128.40 on Monday morning, March 4, gaining $102 per ounce (+5%) in just three days of trading.

A Historic First Available To Collectors and Investors That’s Sure To Be A Winner

I have little doubt that these Britannia-Liberty coins will be a smart bullion investment opportunity, but they are also beautiful and may develop a significant numismatic premium in years to come.

Gold Continues Gains as Election 2024 Ramps Up

In Tuesday’s futures market, April gold was up $14.30 to $2,038.20, mostly on lower interest rates in China (due to their falling mortgage market) and a drop in the U.S. Dollar Index.

Gold and Silver Have Risen an Average 9.4% to 11.4% in the Past Five Election Years (And Much More in the 2020 Biden/Trump Contest)

Precious metals rose by an average 9.4% (for gold) and 11.4% (for silver) in the five elections since 2004.

Federal Reserve’s News Shouldn’t Hinder Gold’s Performance

Gold rallied most days in the last week … we believe history shows that gold typically rises during times of high-interest rates and especially during times of prosperity, when more people can afford to buy gold. Gold also rises during times of crises and overseas wars.

Several Major Institutions Jump on the “Gold Wagon”

Despite higher interest rates, several major banking and brokerage institutions are jumping on the “gold wagon,” perhaps in anticipation the Federal Reserve will lower interest rates this year – not at their meeting this week – but perhaps starting with their next meeting, in March.