{"id":1341,"date":"2024-02-22T12:58:51","date_gmt":"2024-02-22T12:58:51","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/02\/22\/yvonne-blaszczyk-gold-an-absolute-necessity-key-factors-to-watch-in-2024\/"},"modified":"2024-02-22T12:58:51","modified_gmt":"2024-02-22T12:58:51","slug":"yvonne-blaszczyk-gold-an-absolute-necessity-key-factors-to-watch-in-2024","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/02\/22\/yvonne-blaszczyk-gold-an-absolute-necessity-key-factors-to-watch-in-2024\/","title":{"rendered":"Yvonne Blaszczyk: Gold an \u201cAbsolute Necessity,\u201d Key Factors to Watch in 2024"},"content":{"rendered":"<p><strong>Yvonne Blaszczyk, president and CEO of BMG Group, discussed the factors driving the gold price today, including the growing influence of the BRICS nations, central bank buying, global conflicts and interest rates. <\/strong><\/p>\n<p>Honing in on the BRICS, she highlighted that the member countries want to reduce their dependence on the US dollar. <\/p>\n<p>\u2018This could be a turning point for the financial world and political world as we know it right now,\u2019 Blaszczyk explained. \u2018BRICS right now is I think a huge, huge competition for the hegemony of the US dollar as a reserve currency.\u2019<\/p>\n<p>In her view, this shift is just one of the reasons why it\u2019s important for everyone to add gold to their portfolio. <\/p>\n<p>\u2018Gold is money, and countries that have gold will not perish. Gold will never disappear, will never be zero, will never diminish. The physicality of it is going to prevent that,\u2019 she said. \u2018I think there\u2019s a misconception, because gold fluctuates on a daily, weekly basis, but overall on an annual basis over a period of time, gold is a fabulous, fabulous place to be.\u2019<\/p>\n<p>In terms of where gold is headed in 2024, Blaszczyk said she believes the precious metal is set to rise. <\/p>\n<p>\u2018On an annual basis I do believe that the price of gold will go to about \u2014 if things go conservatively \u2014 US$2,300 (per ounce) in 2024,\u2019 she said, adding that it could move even higher if geopolitical turmoil expands. <\/p>\n<p>Watch the interview above for more from Blaszczyk on the topics mentioned above. <\/p>\n<p><strong>Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Yvonne Blaszczyk, president and CEO of BMG Group, discussed the factors driving the gold price today, including the growing influence of the BRICS nations, central bank buying, global conflicts and interest rates. Honing in on the BRICS, she highlighted that the member countries want to reduce their dependence on the US dollar. \u2018This could be [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1341"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/1342"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}