12/15/2022 Gold Ready to "Explode"

  8/14/23 US loss of AAA badge a reminder of 'regime shift' for government debt   7/18/23 Gold prices holding gains near four-week high as U.S. retail sales disappoint, rising 0.2% in June   7/6/23 Investors have more to lose without gold in their portfolio - WGC   5/19/23 Gold price could 'easily' regain $2k next week as more debt ceiling troubles ahead - analysts   5/10/23 Gold to outperform silver this year as recession risks build, says Bloomberg Intelligence   5/6/23 TEXAS HOUSE COMMITTEE PASSES BILL TO CREATE GOLD AND SILVER-BACKED DIGITAL CURRENCIES   5/3/23 Debt ceiling showdown: 5 possible outcomes   4/27/23 S&P 500 will crash 20% as ‘panic' sets in and gold hits $2,300 in 2023, Fed will cause ‘more tremors' in banking sector - Gareth Soloway   4/25/23 Debt crisis is a scary white swan for US economy   4/20/23 Gold price firmer as bulls stabilize the market   4/19/23 Gold price falls below $2,000 as market readjusts rate hike expectations   4/13/23 Dumping the Dollar: Will a new BRICS currency replace the US currency for trade?   3/14/23 Gold is the only true measure of value in our growing multipolar world - Byron King   3/9/23 Silver price to rise 1,000% as gold hits $5k by 2027, governments to "debase" their currencies - Rob McEwen   2/28/23 Gold below $1,600 vs. above $2,000: it depends on whether the Fed breaks the economy   2/23/23 Gold prices remains under pressure as U.S. Q4 GDP increased 2.7%, inflation remains persistently high   2/17/23 Sentiment suggests gold prices to struggle next week, but analysts see a potential buying opportunity   1/24/23 Gold eases off nine-month peak as U.S. dollar, yields gain   1/19/23 Gold price firmer on chart-based buying interest   1/17/23 PRECIOUS-Gold retreats as dollar gains upper hand   1/10/23 2023: Big Year for Gold, Silver and Platinum Prices   1/5/23 Demand for Gold by Central Banks Rose Its Fastest in 55 Years   1/3/23 Gold surges to 6-month high, and analysts expect records in 2023   12/29/22 Gold Price Rises Toward $1,900   12/19/22 Gold $3000 in 2023?   12/27/22 Outlook 2023 Investors were underweight gold in 2022, don't make the same mistake in 2023 - Frank Holmes   12/15/2022 Gold Ready to "Explode"
  12/15/2022 Gold Ready to "Explode" (2)

Gold is ready to 'explode', 2023 will be a ‘commodities boom' - Todd Bubba Horwitz

Cornelius Christian Wednesday December 14, 2022 20:24

The gold price held steady despite Wednesday’s announcement of a 50 bps hike in the Federal Funds Rate. The precious metal ended the day trading at $1,802 per ounce, down only $5.30 over the day.

These price movements signal that gold has a significant “upside,” according to Todd Bubba Horwitz, Editor of BubbaTrading.com.

“Gold feels, as does silver and platinum, like they want to explode to the upside,” he said. “They’re not waiting for an event, but an opportunity, to attract some new-money buyers that will push them out of these ranges that they’ve been trading at for quite a while.”

He predicted that in addition to precious metals performing well, 2023 would be a general “commodities boom.”

“I think in 2023, we’re going to have a commodities boom, and that includes the hard asset commodities of gold, silver, and platinum,” he said.

Horwitz spoke with David Lin, Anchor and Producer at Kitco News.

Digital Currencies

Part of the reason for people to invest in gold and silver, claimed Horwitz, will be their disdain for government-issued “digital currencies,” which can track users and limit their access to funds.

“People don’t want to disclose every single thing they do,” he said. “If you give more power and more control to two organizations, government and central banking, that only create debt and don’t create any industry, I think that you could see a much bigger demand for gold.”

He suggested that the government would ban paper money and force U.S. residents to acquire digital currencies. This would then cause them to turn towards hard assets like precious metals.

“Some of the non-believers in gold could become believers… because eventually they’re going to outlaw scrip currency and paper money,” said Horwitz.

He added, “if we go to digital currency, you have no freedom. [The government] knows what you’re doing every moment of every day… if you spend money, they’ll know about it. I don’t think people are really comfortable with that.”

Inflation and Currency Collapse

Another reason for an increased demand in gold and silver, claimed Horwitz, is because of inflation. Compared to fiat currencies, he stated that gold maintains its value over a long time span.

“Gold is still a real store of value,” he said. “Your dollar buys less because of inflation. Gold is retaining [value] better.”

He added that an upcoming collapse in fiat currencies could force people to use gold and silver as a medium of exchange.

Horwitz explained: “what happens when the fiat currency markets explode and they no longer take fiat currency?... you have precious metals, and that could be used as currency.”

He implied that “inflation” and high “taxation without representation” will impel people to “take it on themselves” to create their own money.

To find out Horwitz’s stock market outlook for 2023, watch the video above

Follow David Lin on Twitter: @davidlin_TV

Follow Kitco News on Twitter: @KitcoNewsNOW

By Cornelius Christian

For Kitco News



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