Connect with us

Hi, what are you looking for?

Investing

Lynette Zang: Gold to US$3,000, Silver to US$50 by End of 2024?

In her view, it’s only a matter of time before both precious metals are squeezed higher.

‘We’ll see, but it wouldn’t surprise me to see the spot market break US$3,000 (per ounce) by the end of this year,’ she said about gold, adding that silver could finish 2024 at the US$50 per ounce level.

Zang also shared her thoughts on soaring US debt and America’s latest bank failure.

‘I don’t believe that this is a one-off event — even the American Bankers Association doesn’t believe that this is a one-off event,’ she said in reference to the closure of the Oklahoma-based First National Bank of Lindsay.

‘I think that it speaks to a much bigger issue,’ Zang added. ‘It goes back again to that debt wall, which is really a global issue. And all of the corporations and governments that have to roll over debt that they can’t afford at this level, that they took out at much lower interest rate levels. So it only adds to the woes, to be honest with you.’

In closing, she emphasized how important it is for people to become as independent and self-sufficient as possible, focusing on security in food, water, energy, barterability, wealth preservation, shelter and especially community.

‘I’ve been doing just what I’ve talked about … since 2008, when I knew the system died. We don’t have that luxury of time anymore. We are at the absolute end. I can’t tell you the exact moment, but you better be prepared before that exact moment comes,’ she said, adding, ‘We’ve got to come together in community.’

Watch the interview above for more from Zang on the above, as well as her thoughts on the BRICS Summit.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    An Italian holiday may be a priceless experience for those who have enjoyed all this country has to offer. But the summer of 2023...

    Editor's Pick

    Premature babies at Gaza’s largest hospital are being wrapped in foil and placed next to hot water in a desperate bid to keep them...

    Editor's Pick

    A 7.5 magnitude earthquake struck western Japan on Monday afternoon, triggering tsunami alerts as far away as eastern Russia and prompting a warning for...

    Editor's Pick

    Tensions are boiling over in Israel as frustrated families of hostages demand answers from the government about the fate of their loved ones and...

    Disclaimer: findandfunds.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 findandfunds.com