Gold prices have risen 5% in the last six weeks, breaking $1,350 an ounce for the first time since June 2016.
Money Morning Resource Specialist Peter Krauth says this recent rise is the beginning of a breakout for the precious metal, one that has massive profit potential for the individual investor.
Peter's enthusiasm has given us our gold price prediction for 2018.
According to Peter, gains of nearly 300% are on the table.
Gold prices have been on a tear since Bitcoin fell from its all-time high of more than $19,000 in mid-December.
Since Dec. 11, the price of an ounce of gold has climbed from $1,242 to $1,313 today (Jan. 9), for a gain of 5.72% over one month.
In fact, Money Morning Resource Specialist Peter Krauth believes gold prices will rise to $5,246 by 2020. That implies a profit opportunity of 300% from current levels.
Krauth sees three major catalysts pushing gold prices higher over the next several years.
Read on to find out what they are...
Bitcoin soared in price from $1,000 to $19,343 in 2017. That's an amazing 1,834.3% gain.
Investors flocked to the digital currency for its potential to disrupt the financial industry.
And because Bitcoin isn't backed by any government, some investors view it as a hedge against political instability and stock market corrections.
That is, until it dropped to $12,629 on Dec. 30…
Over the same period, the price of gold climbed from $1,242 to $1,310, for a 5.5% gain.
Gold prices reached a five-month low of $1,241 on Dec. 12, but they are now up nearly 6.3% since that dip less than a month ago.
That has investors wondering, "Should I buy gold in 2018?"
Buying gold is a good idea in 2018 for investors not only looking to protect their wealth, but to also grow it.
That's because the price of gold will rally next year, according to Money Morning Resource Specialist Peter Krauth. He expects gold prices to hit $1,350 by late February 2018.
by Jack Delaney
We found a safe investment to make in 2018 for risk-averse investors.
However, this investment could also net you a return of more than 300% in the next few years.
Here's everything you need to know about getting in on this opportunity now...
Gold prices hit a four-month low yesterday after languishing near $1,275 since the start of October. Despite the pullback, there are three major gold catalysts everyone is overlooking.
That's why Money Morning Resource Specialist Peter Krauth believes gold prices could rise another 6.7%, to $1,350, before the year is out.
But that's nothing compared to his new gold price forecast for 2020.
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The big gold investing news today is that prices are hovering at their highest level in three months.
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The best gold stock to buy right now could rise nearly 12% this year.
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Here's why this is the best gold stock for your portfolio...
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This decline has investors wondering: are gold prices going up in 2017?
Here's why the metal will rebound 18.2% this year...
