Gold Expert Rich Checkan Predicts a Minimum of US$3,800 and Silver at US$90: Achievable Targets Ahead!

Richard Checkan, the President and Chief Operating Officer of Asset Strategies International (ASI), has made bold predictions about the future prices of gold and silver in the current market cycle. Checkan, known for his expertise in precious metals, believes that gold will reach at least US$3,800 per ounce and silver could potentially hit US$90. These predictions are based on several key factors driving the prices of these precious metals in the global economy. One of the primary factors supporting Checkan’s optimistic outlook on gold prices is the current economic environment characterized by unprecedented levels of central bank stimulus and fiscal spending. The massive liquidity injections and low-interest rates implemented by central banks around the world have led to concerns about inflation and currency debasement. In such a scenario, investors often turn to gold as a safe-haven asset to preserve their wealth and hedge against inflation. Furthermore, the geopolitical tensions and uncertainties in various regions have fueled demand for gold as a store of value and a crisis hedge. Investors view gold as a reliable asset during times of political and economic instability, which has boosted its appeal in recent years. Checkan’s projection of US$3,800 gold reflects the increased demand for the metal in light of ongoing geopolitical challenges. In addition to gold, Checkan is also bullish on silver, foreseeing a price target of US$90 per ounce. Silver, often referred to as poor man’s gold, has unique properties that make it attractive to both industrial and investment markets. The metal is widely used in various industrial applications such as electronics, solar panels, and medical devices, which underpins its demand fundamentals. Furthermore, silver tends to exhibit greater price volatility compared to gold, making it an attractive option for investors seeking higher returns. The recent surge in demand for silver in investment products like exchange-traded funds (ETFs) and physical bullion reflects the growing interest in the metal as a store of value. Checkan’s bullish stance on silver is also supported by the evolving macroeconomic landscape, where factors like increasing industrial demand, supply constraints, and monetary policy decisions are likely to drive prices higher. As governments and central banks pursue expansionary monetary policies to support economic growth, the outlook for precious metals like silver remains positive. While market dynamics and price forecasts are subject to change based on various factors, Checkan’s analysis provides valuable insights into the potential trajectory of gold and silver prices in the current market cycle. Investors and enthusiasts in the precious metals space closely monitor such projections to make informed decisions about their investment portfolios amidst a rapidly changing economic landscape. As the global economy grapples with uncertainties and challenges, the role of gold and silver as essential components of diversified investment strategies continues to gain prominence, underscoring the enduring appeal of precious metals in times of market upheaval.