In his view, gold\u2019s move back below the US$2,400 per ounce level is completely normal \u2014 Hemke noted that nothing ever goes straight up, and emphasized that a \u2018two steps forward, one step back\u2019 pattern is healthy.<\/p>\n
With that said, he does see strong upside potential for the precious metal in 2024. In his view, there are a lot of technical targets that line up with US$2,650 or US$2,700, and he said that\u2019s probably the next point to watch for. While those heights won\u2019t necessarily be achieved this year, Hemke thinks gold could finish the period at US$2,400 or US$2,500.<\/p>\n
Taking a step back to provide a look at the larger picture for gold as well as silver, he emphasized the importance of preparing for the inevitable collapse of the current debt-based system. <\/p>\n
\u2018You reach a terminal phase, and I think we\u2019re finally now getting there, where the debt is growing exponentially and so quickly that the amount of new fiat money creation even just to service the debt \u2014 it all just begins to spin tighter and tighter and out of control,\u2019 he explained during the interview. \u2018Your protection against that sort of collapse has always been the ownership of physical gold and physical silver too.\u2019<\/p>\n
Watch the interview above for more from Hemke on gold and silver. <\/p>\n
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n In his view, gold\u2019s move back below the US$2,400 per ounce level is completely normal \u2014 Hemke noted that nothing ever goes straight up, and emphasized that a \u2018two steps forward, one step back\u2019 pattern is healthy. With that said, he does see strong upside potential for the precious metal in 2024. In his view, […]<\/p>\n","protected":false},"author":0,"featured_media":4067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4066","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\/4066","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=4066"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/4066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/4067"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=4066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=4066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=4066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}