{"id":2565,"date":"2024-03-29T12:05:35","date_gmt":"2024-03-29T12:05:35","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/29\/chris-blasi-golds-price-move-is-real-long-awaited-returns-coming\/"},"modified":"2024-03-29T12:05:35","modified_gmt":"2024-03-29T12:05:35","slug":"chris-blasi-golds-price-move-is-real-long-awaited-returns-coming","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/29\/chris-blasi-golds-price-move-is-real-long-awaited-returns-coming\/","title":{"rendered":"Chris Blasi: Gold\u2019s Price Move is Real, Long-awaited Returns Coming"},"content":{"rendered":"<p><strong>The gold price has risen to historic highs, but some market participants still aren\u2019t sure if the move will stick. <\/strong><\/p>\n<p>Chris Blasi, president of Neptune Global, shared data that he believes validates the yellow metal\u2019s uptick and confirms that it has much further to run. In his view, gold is in the third leg of a secular bull market that began in 2001. <\/p>\n<p>The data that Blasi discussed relates to Neptune Global\u2019s PMC Index. Created in 2008, it tracks gold, silver, platinum and palladium, weighing the four precious metals according to what the company views as a balanced investment portfolio. <\/p>\n<p>\u2018Here we are in 2024, and for the first time since this index has been available, gold is now outperforming the other metals. What this is telling me is gold is breaking out \u2014 the money is moving more to gold,\u2019 Blasi said.<\/p>\n<p><span><\/span>\u2018The economy is slowing down, probably because the industrial metals are easing off in price, and the interest is more in the properties of money, which is what gold is. If you overlay that with what we see going on in the world geopolitically, macroeconomically \u2014 that\u2019s what I believe is supporting (gold) and telling us this is the time to be into gold,\u2019 he added.<\/p>\n<p>He acknowledged that some investors may not want to buy gold now that the price is so high. However, given how much the precious metal could rise in the coming years, it may be better to act now than to wait. <\/p>\n<p>\u2018That would tell me it\u2019s still a very opportune time to get in, and that gold is probably going to be seeing in the next several years some of the very aggressive price targets that some well-respected analysts have put out there \u2014 we\u2019re talking US$3,000, US$5,000, US$10,000 (per ounce) and possibly more,\u2019 Blasi explained. <\/p>\n<p>Watch the interview above for more of his thoughts on gold and its most important price drivers in 2024, from the US Federal Reserve to geopolitics. Blasi also discusses the silver, platinum and palladium markets.<\/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>The gold price has risen to historic highs, but some market participants still aren\u2019t sure if the move will stick. Chris Blasi, president of Neptune Global, shared data that he believes validates the yellow metal\u2019s uptick and confirms that it has much further to run. In his view, gold is in the third leg of [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":2566,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2565","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\/2565","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=2565"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/2566"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=2565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=2565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=2565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}