• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    VIDEO - Byron King: Millions of People Will Want Gold When This Happens

    Charlotte McLeod
    Aug. 14, 2019 05:00PM PST
    Precious Metals
    Gold Investingplay icon

    Interest rates will continue to be a point for gold-focused investors to watch, says Byron King of Agora Financial in this interview.

    When the US Federal Reserve cut interest rates at the end of July, the move initially sent the gold price below US$1,420 per ounce.

    Speaking just after the cut was announced, Byron King, editor of Whiskey & Gunpowder at Agora Financial, brushed off concerns about the yellow metal’s decline.

    “Gold promptly sold off by US$17, US$18 an ounce. You know, it’s buy the rumor, sell the news. That’s the immediate daily issue,” he said. “Long term, gold is not, shall we say, fully priced — gold does not reflect the inherent value. Gold has plenty of room to move upwards in terms of its use as a monetary metal.”

    King was proven right, perhaps more quickly than he anticipated. Since the Fed’s rate cut, gold has shot through US$1,500 on the back of increasing tensions between the US and China and other issues.

    In terms of where gold could be headed next, King suggested that interest rates will continue to be a point for investors to watch.

    “This is sort of a race to the bottom in terms of how low can we go interest rate wise. And so expect to see globally negative interest rates, much more so than we already have,” he said.

    “When negative interest rates hit the US, I think that the American mentality is going to be such that all these tens of millions of people who know nothing about gold are going to become interested in it overnight — that’s how fast it’ll happen.”

    King explained that, when gold moves, typically royalty companies and major miners will move first, but the place to be for big gains is juniors. “That’s much higher risk, but much higher return.”

    Watch the video above for more from King on gold, or click here for his Sprott interview on rare earths. Our full playlist for the event can be found on YouTube.

    Don’t forget to follow us @INN_Resource for real-time updates!

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

    Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

    chinabyron kinggold investing
    The Conversation (0)

    Latest News

    Locksley Announces Major Advancement at Mojave as Structural Mapping Expands Scale of Antimony Target with a 400% Increase in Target Strike Length

    Nasdaq Listing Update

    Reinstatement to Quotation

    Investor Presentation - White Dam Gold Project Acquisition

    $13.0 million Placement for White Dam Gold Operation

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
      • Electric Vehicles
    • Agriculture
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Energy
      • Uranium
      • Oil and Gas
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Robotics
      • Crypto
      • Cleantech
    Life Science
      • Biotech
      • Cannabis
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Blue Jay Gold

    Providence Gold Mines

    PHD:CC

    Walker Lane Resources

    WLR:CC

    Rua Gold

    RUA:CC

    Golconda Gold

    GG:CC

    Falco Resources

    FPC:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES