Can We See A Skyrocketing Of Gold Prices? Expert

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  • Published on May 15, 2019
  • As the trade war between the U.S. and China escalates, all eyes are on how the economy will respond, and one expert said that gold will come out as a beneficiary.
    Gary Wagner, editor of TheGoldForecast.com, said that as the U.S. prepares to enact 25% tariffs on $200 billion worth of Chinese goods, gold could rally in the long-term due to the tariffs’ inflationary impacts.
    “You have to look at what the tariffs will do in terms of consumer prices down the road. These tariffs are put onto the companies that are using those imports. However, they’re going to pass the additional costs back to the consumer,” Wagner told Kitco News. “So that means that the American consumer is going to be paying more, that would be inflationary, it would also set into motion the potential for a recession, but not necessarily a recession.”
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Comments • 23

  • Pierre Adler
    Pierre Adler 3 months ago +1

    I love gold, that's why I love watching Daniela's face.

  • Lee Mack
    Lee Mack 3 months ago +1

    With turdo in charge gold will go up

  • Puna Forager
    Puna Forager 3 months ago +2

    He must be in Hawaii by the looks of the print on his shirt. A twenty coin roll of gold eagles and five macadamia trees, 1 bitcoin and 12 durian trees.

  • Paul Wilson
    Paul Wilson 3 months ago +3

    any day now gold and silver will go up....any day.....🙄

  • fire1777
    fire1777 3 months ago +1

    Only goes to the moon once in a generation. Most missed the 2000’s.

  • S B
    S B 3 months ago +3

    Chinese, tariffs, blah, blah, blah. Looking good Daniela. I hope Kitco pays you a fortune because otherwise nobody would come here to listen to these duds.

    • kevin joseph
      kevin joseph 3 months ago

      Id like to hear how much metals get shorten on the crimex...I dont want to hear from chart readers..its a joke.

  • Ipostle
    Ipostle 3 months ago

    If Trump is bluffing and Wallstreet knows it then it's one big buying opportunity for them.

  • Al Mor
    Al Mor 3 months ago +2

    Daniela, I'm in love with youuuuu!!!!! lol Seriously, I am. : )

  • E Johnson
    E Johnson 3 months ago +1

    If gold is at 1300, which it has been, off and on, for a number of years. I don't consider a 10% move up (to 1430) much of a rally or something resembling "skyrocketing." When was the last time gold was at 1430, a mere 10%?

  • Mike OZ
    Mike OZ 3 months ago +8

    8 years & it's still BLAH BLAH BLAH

  • Rich The Nepabadger
    Rich The Nepabadger 3 months ago

    Really just BS time. Everyone says the same script. Fed,treasury via JPM suppressing price.

  • Rich The Nepabadger
    Rich The Nepabadger 3 months ago +4

    Ask Jamie Dimon when he’ll let Gold prices rise.

  • T H
    T H 3 months ago +1

    The only Skyrocketing I've seen is North Korea shooting off their rockets...

    • MrUseur
      MrUseur 3 months ago

      ...and even that did not move Gold. Why? Because the banks are sitting on the paper price with their fat ass keeping the FIAT price down.

  • WanderLust
    WanderLust 3 months ago +1

    gold has disappointed for 5 years - getting close to dumping gld

  • Sunday Morning on Mars
    Sunday Morning on Mars 3 months ago +2

    what a crok of dung....tariffs and even HIGHER tarrifs will force companies to leave china and come home.. stop being traitors for the profit and crush China before the get too strong using our money and people cheating their own country for low priced goods subsidized with free shipping from china to here but hey..not from here to there!

  • will edwards
    will edwards 3 months ago

    Speculation about precious metals is about as predictable as betting on cock fights. Oh, and never any mention of the law suit against JP Morgan for fixing the prices of metals. www.cnbc.com/2018/11/12/ex-jp-morgan-silver-traders-guilty-plea-could-boost-manipulation-suit.html

  • JRL INNOVATIONS
    JRL INNOVATIONS 3 months ago +1

    Companies cannot pass price increases on to consumers because they can just buy the same product from another low-wage countries other than China, or NOT buy the product at all.
    I support the President using tariffs to try and balance out trade.

  • Sparsh Parimoo
    Sparsh Parimoo 3 months ago +7

    If it goes to 1310, it will go to 1320. Genius.

  • mvl9591
    mvl9591 3 months ago +1

    Make new friends and keep the old, the first are #Silver the second are #Gold. Buy #Gold!

  • bendtrucker
    bendtrucker 3 months ago

    Not until the manipulation ends

  • Rod Brumley, Sr. USMC Lt. Colonel ret. Semper Fi

    Trade war with China a necessary Evil - China has been balling is in the ass for decades