Date : Wed, October 16, 2019
Source : fxempire.com
Author : AG Thorson
It appears each decade has an investment theme that favours one asset class over another. What performed well over the last decade generally underperforms during the next.
It is surely impossible to get into at the bottom and out at the top in real-time and the transition period from one assets class to another usually takes a couple of years . Ultimately, the key is in recognizing it. After a 10-year bull market in stocks, it stands to reason another asset shift is unfolding. That combined with the recent breakout in gold leads me to trust that the next decade will favour precious metals and commodities (tangible assets).
Gold broke out of the 6-year basing formation in June when prices closed above $1400 and the overall structure is similar to the 1997 – 2003 rounded bottom that generated an 8-year bull run. based on this trend, I suspect that gold will work its way higher to finish the larger degree 10-year pattern and breakout to new all-time highs in the next decade.
One of the easiest ways to achieve potential price targets is with a simple ABC measured move and the initial advance (A) is followed by a borader correction into (B); the halfway point. By adding A to B, we come up with C (the price target). In this case, an A=C target suggests roughly $8000.
An $8000 price target aimed for gold almost sounds ludicrous. But what could cause prices to reach such extreme high levels?
Will gold reach $8000 during the next decade? In all honesty , I have my doubts as well. However, I do see the potential for the above ingredients. Whatever the outcome, I think a new gold bull market is just getting started and investors should consider revision in allocation.
Keyword : sterlinghousetrust.com, Sterling House Trust, SHT
Sterling House Trust is a private trust with a difference. It offers its members an exclusive and reliable platform to access unique opportunities and lifestyle services reserved for the select few. With its team of professional managers Sterling House Trust constantly scans the markets and collaborate with reliable global partners to create a portfolio of carefully curated programmes for its members. Members can access these programmes according to their individual needs, interest and financial capacity. Sterling House Trust is headquartered in Auckland, New Zealand, and has operations based in London, UK.
The Sterling House Trust platform was established with the objective of providing its members, secure access to opportunities across a range of global locations, sectors and services.
Our unique Platform was established within the framework of a trust so that the trust would have oversight and governance over the range of services and its quality. Member protection is a core principle and drive in all that we do. Our trustees ensures that the interests and quality of service provided by the Platform are always maintained at the highest standards.
The trust and its trustees provide robust oversight and is constantly on the move to identify and shortlist select opportunities in the international markets. Likewise, we apply the same stringent standards in identifying and selecting providers and professional partners to join our Platform.
The Sterling House Trust Platform utilises our international footfall and relationships to provide our members with access to a range of international opportunities via our global network which covers a broad range of sectors including:
Asset protection, international property ownership and management, alternative and direct ownership, estate planning, banking services, foreign exchange, card services, alternative investment and lifestyle services.
New Zealand Head Office
62 Wilson St,
London EC2A 2BU,