Gold Prices Set to Move (Even) Higher: Dana Samuelson

Dana Samuelson, president of the American Gold Exchange, joins the Contrarian Investor Podcast to discuss why gold prices are set up to rally further -- even after a 20% rise so far this year.

This podcast episode was recorded on Friday, July 19. 2024 and made available to premium subscribers the following business day. For information on becoming a premium subscriber -- and the host of other benefits it involves -- visit our Substack.

Content Highlights

• Gold is trading right near all-time highs. Can there really be more room for upside? (1:48);
• One thing missing from the equation for still higher gold prices is interest rate cuts... (3:36);
• Another thing missing is fear in the market (5:07);
• Gold has rallied 20% so far this year. A Fed rate cut will supply another 10%. $3000/oz. gold is in sight... (8:36);
• What of the argument that there's no tangible use for gold? (11:20);
• Why gold coins are preferable to bars (14:30);
• Background on the guest (19:39);
• Quarters and dimes vintage 1964 are 90% silver (26:40);
• View on digital currencies and Bitcoin. There is a place for it... (33:20);
• How much of one's portfolio should be earmarked for gold and precious metals? (37:15)

More Information on the Guest

• Twitter/X: @DanaSamuelson99;
• LinkedIn: @American-Gold-Exchange-Inc;
• Website: AmerGold.com;
• YouTube: AmericanGoldExchangeAustin.