Name: Why Gold below $3000 could be cheap
Uploaded: 2023-04-05
Duration: 1050

Eric Strand joins IG to talk about precious metals.

Eric Strand joins IG to talk about precious metals

Varför guld under $3000 kan vara billigt

Why Gold below $3000 could be cheap

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‘Gold below $3000 is cheap’
 
That’s the view of Eric Strand, founder and portfolio manager at AuAg funds. While investors, looking for yield and incremental increases are perennially disappointed in precious metals, in times of stress the arguments resurface in favour of gold and silver investing. Strand believes that both gold and silver are cheap. The current gold to silver ratio is 82, that is the gold price divided by the price of silver, and says that this should normally be a ratio of 60. If, however, there is a bull market in precious metals the ratio could move to 30, which would be represented by a relatively larger move up in silver. Strand says if gold does move up to $3,000, a level he says turns gold from being cheap to fairly priced, silver would climb to $100 an ounce making it the smarter choice of investment.

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