John Ciampaglia: Gold's "Extreme" Run — Price Drivers and What's Next
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"If this turns out to be a protracted trade war, if there are more issues in equity and/or credit markets, gold will keep going — it will keep getting a safe-haven bid," said John Ciampaglia of Sprott Asset Management.
John Ciampaglia, CEO of Sprott Asset Management, shares his outlook for the gold price.
"To us, gold could continue to rally here. It's going to be volatile — we see all these days of plus US$100, down US$100. So you have to be kind of careful you don't get overly whipsawed around," he said.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Investment Risks and Important Disclosure from Sprott Asset Management
Relative to other sectors, precious metals and natural resources investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.
Gold and precious metals are referred to with terms of art like store of value, safe haven and safe asset. These terms should not be construed to guarantee any form of investment safety. While “safe” assets like gold, Treasuries, money market funds and cash generally do not carry a high risk of loss relative to other asset classes, any asset may lose value, which may involve the complete loss of invested principal.
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