Gold will extend its rally as the price may surge more than 20 percent in 2020, according to a recent forecast from Russia’s National Rating Agency (NRA).
The economic uncertainties triggered by the coronavirus pandemic have sparked interest in the traditional safe haven asset. In the first half of the year, the price of the precious metal rose 26 percent, hitting a near decade high.
However, the NRA expects gold demand to cool in the next six months as fears about the economic fallout from the coronavirus outbreak wane, leading to a downside correction. Although gold price growth may slow to 15-17 percent in the second part of the year, the annual average price will still grow by 21 percent, the agency said.
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Bitcoin price set to soar over 200% this year, I predict ;)
I think not under 13 cents .
And only bitcoin is going to beat it:
Xe.com: Bitcoin to Gold Ounce
1 BTC = 5.7615 oz
of that I have no doubt and once it does go on a run and breaks the previous ATH it could take quite the run
Hopefully the world will realize the sooner how inflated the US dollar is and the world, or most of it, can break away from the US-controlled banking system.
The Russians would say that. They bought a whole bunch of the world's gold! They'd love to see the price soar.