• Trends with Benefits

    Joe Foster on Why We See Gold Surpassing $3,000

    Ed Lopez, Head of ETF Product
    Joe Foster, Portfolio Manager, Gold Strategy
     

    Goldilocks Environment for Gold?

    Joe Foster is the first, second-time guest on Trends with Benefits and it’s no wonder given investor’s appetite for anything gold—gold as an investment or simply gold content and commentary. In fact, I’m often asked about gold when I do media appearances for VanEck ETFs, even when it wasn’t the planned topic of discussion so it’s helpful to have in-house expertise to tap for knowledge.

    Listen to Podcast


    Subscribe Now

    Apple Podcasts

    Apple Podcasts |

    Google Play

    Google Play |

    Spotify Spotify |

    Stitcher Stitcher|

    Sound Cloud SoundCloud

    Joe recently updated his gold price target to $3,400 per ounce as gold surpassed his prior target of $2,000 per ounce earlier than expected. Factors supporting gold prices remain in place including negative real interest rates, ballooning government and corporate debt piles, and investor demand. He’s noted that the crisis we’ve lived through, like the Great Financial Crisis of 2008/09 is a deflationary event that is supportive for gold prices. With gold up nearly 30% year-to-date through August 12, 2020 it would seem that point has been backed up. Joe has also mentioned gold may be great in an inflationary environment. We saw that play out in the 1970’s. Whether you believe that all the liquidity pumped into the market will eventually lead to inflation or not, considering the looming debt bubble, geopolitical uncertainties and the dearth of new gold discoveries, long-term investors may find the conditions for getting into the gold market just about right.

    Trend or Fad

    In the Trend or Fad segment I speak to Joe about gold company dividends, producer hedging and joint venture deals.

    Subscribe to Joe Foster’s monthly Gold Investing blog.


  • Important Disclosure

    For informational and advertising purposes only.

    This information originates from VanEck (Europe) GmbH which has been appointed as distributor of VanEck products in Europe by the Management Company VanEck Asset Management B.V., incorporated under Dutch law and registered with the Dutch Authority for the Financial Markets (AFM). VanEck (Europe) GmbH with registered address at Kreuznacher Str. 30, 60486 Frankfurt, Germany, is a financial services provider regulated by the Federal Financial Supervisory Authority in Germany (BaFin). The information is intended only to provide general and preliminary information to investors and shall not be construed as investment, legal or tax advice. VanEck (Europe) GmbH and its associated and affiliated companies (together “VanEck”) assume no liability with regards to any investment, divestment or retention decision taken by the investor on the basis of this information. The views and opinions expressed are those of the author(s) but not necessarily those of VanEck. Opinions are current as of the publication date and are subject to change with market conditions. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index.

    All performance information is historical and is no guarantee of future results. Investing is subject to risk, including the possible loss of principal. You must read the Prospectus and KIID before investing.

    No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of VanEck.

    © VanEck (Europe) GmbH

     

  • Authored by

    Ed Lopez
    Head of ETF Product

    Explore My Insights


    Joe Foster
    Portfolio Manager, Gold Strategy

    Explore My Insights