American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Yvonne Blaszczyk: Gold an “Absolute Necessity,” Key Factors to Watch in 2024

by admin February 23, 2024
February 23, 2024
Yvonne Blaszczyk: Gold an “Absolute Necessity,” Key Factors to Watch in 2024

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.

‘This could be a turning point for the financial world and political world as we know it right now,’ Blaszczyk explained. ‘BRICS right now is I think a huge, huge competition for the hegemony of the US dollar as a reserve currency.’

In her view, this shift is just one of the reasons why it’s important for everyone to add gold to their portfolio.

‘Gold 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,’ she said. ‘I think there’s 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.’

In terms of where gold is headed in 2024, Blaszczyk said she believes the precious metal is set to rise.

‘On an annual basis I do believe that the price of gold will go to about — if things go conservatively — US$2,300 (per ounce) in 2024,’ she said, adding that it could move even higher if geopolitical turmoil expands.

Watch the interview above for more from Blaszczyk on the topics mentioned above.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Hornby Lake Assays Confirm Presence of Fractionated Pegmatites
next post
Lithium Market Forecast: Top Trends That Will Affect Lithium in 2024

Related Posts

Top stock price forecast: Adobe, SentinelOne, ZIM Integrated

March 11, 2025

Top 3 overvalued ghost chain crypto coins to...

February 23, 2025

USD/CAD analysis: forms a death cross ahead of...

April 25, 2025

Is Elon Musk working more for Trump and...

January 1, 2025

Crypto market today: CAKE, Mantle, Mantra rises, XRP...

March 16, 2025

Gwen Preston: Gold Gearing Up for Next Move,...

February 2, 2024

Nuclear Fuels Announces Resumption of Drilling at Its...

April 30, 2024

Bitcoin Well Announces Instant Buy in the USA...

March 13, 2024

Here’s why Pi Network, Jasmy, VeChain, Quant prices...

March 30, 2025

LVMH share price analysis: 2 rare patterns point...

November 28, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved