Peter Grandich: US$5,000 Gold No Longer Looks Foolish; Uranium, Silver, Copper Outlook

‪@Peter-Grandich‬ of Peter Grandich & Co. shares his updated thoughts on the resource sector now that the year is more than halfway through, honing in on gold's price drivers and path forward in 2024 and beyond.

"I was always the guy who stood at a show and said, 'Yes, I'm bullish on gold, but to talk about US$5,000 gold or US$10,000 gold — I think that's foolish, you shouldn't,'" he said during the interview. "It's not foolish anymore. There's legitimate possibilities for those type of numbers to be reached, certainly within a matter of a couple of years."

Grandich also discusses his stance on uranium stocks, silver price manipulation and the outlook for copper.

❓Do you think US$5,000 gold is realistic? Tell us in the comments!

This interview was filmed on August 1, 2024.

#Investing #Gold #Uranium

0:00 - Intro
0:28 - Peter's portfolio so far in 2024
4:43 - Gold's biggest price drivers
9:52 - How to build a financial ark
15:35 - Focus on preserving capital
20:29 - Trump vs. Harris impact
23:31 - Is Fed still important for gold?
28:16 - Silver thoughts, gold price target
32:20 - When will gold juniors move?
39:57 - Copper's strong long-term outlook
43:50 - Outro

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